RECENT BLOG POSTS
Market absorption is defined as the rate at which current inventory will be sold based on the number of buyers in the last thirty days. A normal market (favoring neither buyers nor sellers) is between 5 and 6 months. A buyers market is anything over 6 months of inventory and a sellers market is...
01/06/2010
When I started tracking data for my website, I had a grand idea of tracking all of these categories. I have the following information for the past two years. I even have it broken down by month. I love to look at it; I love to analyze it in bits and pieces as I need it. I'm happy I have it! ...
01/06/2010
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Anticipation - 2010 Real Estate in Basking Ridge Well, it's been about three days into the first work week of the year! I already have one deal out of attorney review, I've had a new buyer client out looking (he found me via my website and I've gotten two phone calls from Basking Ridge homeowner...
01/06/2010
There were lots of people moving into and out of Bedminster, NJ this past month! The following properties closed during the last 30 days: Property, List Price/Sale Price31 Edgewood Road, $419,900/$395,000406 Cardinal Lane, $324,900/$315,00029 Ashley Court, $289,500/$281,2507 Sargeant Stoddard C...
01/01/2010
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Many times when working with people looking to purchase in the Bedminster, NJ area I encounter buyers who are getting help from their family to buy their first home. I wanted to make sure that you have all the information you need to make the best decision about this very important investment! B...
12/28/2009
Do you need a last minute holiday gift for someone special? Consider a one bedroom condo in Basking Ridge! Okay, okay, I know that's silly - BUT, it is a great time to buy and this first floor Ardsley model in the Spring Ridge community is a wonderful opportunity. Priced at only $215,000 it of...
12/23/2009
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The following properties went under contract this past week: 23 Crestmont Road, Condo, LP: $250,000, Days on Market 77 23 Birchwood Road, Townhouse, LP: $330,000, Days on Market 20 56 Edgewood Road, Townhouse, LP: $499,000, Days on Market 67 Only one new property was listed:...
12/18/2009
The following properties have reduced their list prices since the beginning of December. I think there are some really great deals out there - and the spring is right around the corner...get out now or you might be competing with other potential buyers. But, on the flip side, there may be more ...
12/14/2009
What SOLD this week in Basking Ridge? What are the NEW listings? 12/05/2009 - 12/13/2009 EIGHT sales over the last nine days - not a bad week or so for Basking Ridge, NJ! 125 Alexandria Way, Spring Ridge Condo, $249,90059 Sycamore Ct, The Cedars Townhouse, $340,000195 Smoke Rise Road, Single Fam...
12/13/2009
I know I have been on vacation - it seems that maybe lots of people have! I had to check twice, but it is true - nothing has gone under contract in Bedminster since 12/04! There have been several new listings though: 60 Fieldstone Rd, Fieldstone Condo, $299,999 34 Crestmont Rd, C...
12/13/2009