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Local Real Estate Market Statistics and Trends

Mendham Borough Real Estate Market Analysis

January - December, 2007

#Beds

Active Listings

New Listings

Under Contract

Sold Listings

SP/LP

 

#

Avg. LP

Med. LP

#

Avg. LP

Med. LP

#

Avg. LP

Med. LP

Avg.
DOM

#

Avg. SP

Med. SP

Avg.
DOM

 

0

0

00

00

0

00

00

0

00

00

0

0

00

00

0

0%

1

0

00

00

0

00

00

0

00

00

0

0

00

00

0

0%

2

28

453,479

449,900

21

449,024

449,900

8

437,563

419,000

131

10

423,050

400,000

115

95%

3

46

626,694

519,000

34

613,750

515,000

15

500,177

475,000

123

14

482,821

440,000

129

96%

4

65

859,565

739,000

47

800,253

724,500

25

874,528

724,500

113

24

888,708

724,500

111

94%

5+

39

2,277,113

1,549,000

24

1,697,313

1,093,000

11

1,350,982

925,000

135

13

1,549,346

815,000

133

93%

TOWN

178

1,046,092

659,000

126

862,257

649,900

59

808,935

639,900

122

61

860,008

635,000

121

94%

Mendham Borough Residential MARKET ANALYSIS REPORT - BY DATE COMPARISON (2006 - 2007)

MMM,YYYY

Active Listings

New Listings

Under Contract

Sold Listings

SP/LP

 

#

Avg. LP

Med. LP

#

Avg. LP

Med. LP

#

Avg. LP

Med. LP

Avg.
DOM

#

Avg. SP

Med. SP

Avg.
DOM

 

Dec,2007 

49 

$1,138,729 

$699,000 

$680,750 

$455,000 

$848,725 

$580,000 

107 

$1,430,000 

$845,000 

74 

96% 

Dec,2006 

65 

$1,399,010 

$749,000 

$1,362,625 

$512,500 

$1,155,580 

$789,900 

127 

$515,000 

$515,000 

29 

98% 

Nov,2007 

57 

$1,265,604 

$699,000 

$659,800 

$640,000 

$499,900 

$499,900 

245 

$734,250 

$642,000 

162 

93% 

Nov,2006 

73 

$1,394,987 

$719,000 

11 

$763,364 

$599,000 

$2,118,250 

$595,000 

27 

$621,667 

$633,000 

66 

97% 

Oct,2007 

69 

$1,303,000 

$699,000 

$1,588,500 

$682,000 

$1,342,780 

$925,000 

103 

$00 

$00 

0% 

Oct,2006 

71 

$1,417,357 

$749,000 

$1,420,675 

$579,000 

$648,280 

$649,000 

59 

$1,054,833 

$607,000 

76 

94% 

Sep,2007 

72 

$1,198,662 

$698,000 

$620,733 

$599,000 

$879,333 

$890,000 

100 

$678,333 

$440,000 

56 

98% 

Sep,2006 

77 

$1,362,448 

$769,900 

10 

$1,124,770 

$829,900 

$1,072,975 

$599,999 

81 

$1,458,000 

$825,000 

57 

97% 

Aug,2007 

69 

$1,238,245 

$699,000 

$968,210 

$739,000 

$549,000 

$399,000 

132 

12 

$652,375 

$579,000 

108 

96% 

Aug,2006 

75 

$1,321,460 

$719,000 

15 

$1,549,853 

$715,000 

$566,425 

$490,000 

93 

$652,700 

$650,000 

45 

99% 

Jul,2007 

72 

$1,198,692 

$695,000 

14 

$890,493 

$509,000 

$705,333 

$459,000