Turpin Realtors

Marketwatch fall 2013

At Turpin Realtors we love where we live and where we work. We are fortunate to represent buyers and sellers in some of the most beautiful parts of New Jersey.

Issue link: http://turpin.uberflip.com/i/190539

Contents of this Issue


Page 0 of 11

TurpinNewsletterFall2013:Layout 1 9/26/13 10:35 AM Page 1 Marketwatch Fall 2013 WWW.TURPINREALTORS.COM Year-to-Date Home Purchase Contracts January-August: Hunterdon, Morris and Somerset Counties Broad Improvement Characterizes 2013 2005 20 2006 2007 2008 2009 2010 2011 2012 2013 10,000 9689 Purchase Contracts As of the end of August, home purchase contracts in north central New Jersey have virtually returned to 2007 levels. The improved pace of sales and renewed energy in the housing market has come as a welcome change to all, and is likely due to unprecedented affordability both with regard to home prices and interest rates. As indicated in the chart to the right, the positive changes in the market have led to modest price gains in many areas, as well as a slight reduction in the average days homes are on the market before selling. The following pages will take a closer look at trends in a few of the markets we serve as well as the customary sampling of our fine listings from all price ranges. 9,000 8,000 8131 7977 7938 7,000 6444 6298 6,000 5941 5930 $455K 91 Days $470K 86 Days 5509 5,000 $519K 53 Days $547K 65 Days $533K 78 Days $507K 64 Days Average Selling Price & Days on Market $467K 93 Days $454K 95 Days $463K 85 Days Source: GSMLS Mendham Borough Chatham Borough Exquisite grounds and majestic architecture combine in this home in the coveted Spring Hill enclave. Hardwood floors, 4 fireplaces, arched doorways, detailed moldings, and coffered ceilings highlight this 4-bedroom, 4 and a half bath home. Offered at $2,100,000 Offering an exceptional location, this 3-bedroom Colonial on a half acre features large living spaces, dentil moldings and hardwood floors. A screened porch overlooks a combination of woods, professional landscaping and perennial gardens. Offered at $1,199,000 Peapack-Gladstone Tewksbury Set upon 4± private acres and surrounded by vast equestrian farms in the heart of Hunt Country, this timeless 4-bedroom French Country house exudes a comfortable, subtle elegance evident in the gracious and updated living spaces. Offered at $1,895,000 A stunning stone and hardiplank 5-bedroom, 5 full and 2 half bath Colonial on a scenic country road is set high with panoramic views. Beautiful, mature landscaping, a 60' composite rear deck, and custom millwork are but a few of the highlights. Offered at $1,099,000

Articles in this issue

Links on this page

Archives of this issue

view archives of Turpin Realtors - Marketwatch fall 2013