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Area Market Statistics
Welcome > Local Info > Area Market Statistics ...

 

AREA MARKET STATISTICS

Market Statistics by Town, covers several communities in the area. The statistics are based on sales for the first half of each year, January through June, traditionally the busiest time of the year.

Towns covered include Millburn-Short Hills, Maplewood, Montclair, Summit, Chatham, Madison, Harding and Westfield. If you would like statistics for a community not shown but in the area please contact Jill Smith directly at JillSmith@comcast.net or (973) 722-2234.

Note: All statistics are original and compiled by Jill Smith and her team using data from the Garden State Multiple Listing Service.


MARKET STATISTICS BY TOWN

To view the statistics, please click the link below.  You will be asked to enter your name and email address prior to the PDF loading.

All Towns Sales First Half of Year 2000-2011

MARKET STATISTICS BY SCHOOL DISTRICT

Market statistics by school districts breaks down sales statistics within each town by neighborhood.

To view the statistics, please click the link below.  You will be asked to enter your name and email address prior to the PDF loading.

Market Statistics for Chatham School Districts

Market Statistics for Madison School Districts

Market Statistics for Maplewood School Districts

Market Statistics for Millburn-Short Hills School Districts

Market Statistics for Summit School Districts

Note: All statistics are original and compiled by Jill Smith and her team using data from the Garden State Multiple Listing Service.

UNDER CONTRACT INVENTORY BY QUARTER

Millburn-Short Hills Under Contract Inventory by Quarter

Number refers to number of single family properties to go under contract during the quarter.
Data gathered from Garden State MLS.  All Statistics are Original to TheJillSmithTeam.com.

 Year  1st Quarter  2nd Quarter  3rd Quarter  4th Quarter  Total
 2003  54  130  67  52  303
 2004  72  109  68  64  313
 2005  78  112  76  49  315
 2006  81  90  48  48  267
 2007  89  108  46  50  293
 2008  64  93  54  22  233
 2009  43  82  57  47  229
 2010  56  89  52  52  249

*To Date

Chatham Under Contract Inventory by Quarter
Number refers to number of single family properties to go under contract during the quarter.
Includes Chatham Borough & Township.
Data gathered from Garden State MLS.  All Statistics are Original to TheJillSmithTeam.com.

 Year  1st Quarter  2nd Quarter  3rd Quarter  4th Quarter  Total
 2003  62  88  59  67  276
 2004  71  93  54  42  260
 2005  77  102  62  41  282
 2006  68  85  52  58  263
 2007  77  84  38  40  239
 2008  55  66  36  21  178
 2009 22  77  43  44  186
 2010  48  69  45  50  212

*To Date

Maplewood Under Contract Inventory by Quarter
Number refers to number of single family properties to go under contract during the quarter.
Data gathered from Garden State MLS.  All Statistics are Original to TheJillSmithTeam.com.

 Year  1st Quarter  2nd Quarter  3rd Quarter  4th Quarter  Total
 2003  71  126  92  74  363
 2004  83  117  73  79  352
 2005  68  99  89  62  318
 2006  75  106  74  59  314
 2007  66  92  44  53  255
 2008  46  82  53  41  222
 2009  41  93  53  58  245
 2010  61  93  58  47  259

*To Date

Summit Under Contract Inventory by Quarter
Number refers to number of single family properties to go under contract during the quarter.
Data gathered from Garden State MLS.  All Statistics are Original to TheJillSmithTeam.com.

 Year  1st Quarter  2nd Quarter  3rd Quarter  4th Quarter  Total
 2003  72  92  72  62  283
 2004  66  116  51  54  287
 2005  63  76  57  53  249
 2006  57  76  51  47  231
 2007  75  77  41  38  231
 2008  61  66  47  30  203
 2009  27  81  62 41  211
 2010  56  90  52  48  246

*To Date
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Real Estate Tips
Accepting An Offer >Clean Offers

You have found a house that makes your heart skip a beat--it is in the right location and has all the amenities you want. The price is the only thing that is keeping you from making an offer, because you feel that it is more than you can afford. How can you maximize the possibility that the owners will accept an offer that is much lower than their asking price?

The first thing you should do is to make the offer as "clean" as possible by not asking for special contingencies. Avoid making demands on the sellers for minor repairs, such as cutting down the dead tree in the back yard or leaving custom drapes. Be as flexible as possible about scheduling the move-in date to accommodate the seller's plans. Finally, you can offer a larger-than-usual deposit to persuade the sellers that you are a serious buyer and to make it harder for them to "just say no". Each situation is different, but the "cleaner" the offer, the more likely the sellers are to accept it.

See All Tips In The "Accepting An Offer" Category >
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Real Estate Trivia
Q 
Fewer than 2 percent of homeowners build this type of home:

A 
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.
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Jill Smith, REALTOR®, real estate agent and broker for Chatham, Harding and Madison New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Jill Smith
Keller Williams Realty

488 Springfield Avenue
Summit, NJ 07901
Office: 908-273-2991
Fax: 908-273-2996
Mobile: 973-722-2234
jillsmith@comcast.net

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