Expert Local Information for Chatham, Harding and Madison, New Jersey Provided by Jill Smith

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Welcome > Local Info > Area Market Statistics ...

Market Statistics by Town	Market Statistics by School Districts Within Each Town
Under Contract Inventory by Quarter	Area Luxury Real Estate Statistics (Over $1 Million)

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 2000-2010

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

*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

*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

*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

*To Date

AREA LUXURY REAL ESTATE STATISTICS
Statistics include single family sales of houses. The first set of statistics are for houses originally listed between $1-2 million. The second set of statistics are for houses originally listed over $2 million. All information gathered from the Garden State MLS. These statistics are original and courtesy of The Jill Smith Team.

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.

Luxury Real Estate $1-$2 Million
Luxury Real Estate Over $2 Million

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School Reports in Chatham, Harding and Madison, New Jersey

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Titles >Ways to Hold Title

When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.

"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".

It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."

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Q	At the doors of what famous temple do you find yourself when you climb the 'Stairway to Heaven'?
A	The Temple of Heaven in Beijing, China, attracts the local faithful and tourists.
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Jill Smith, REALTORÂ®, 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
erinsmith@kw.com
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