Maplewood NJ Home Sales

Posted Nov 6, 2008 @ 9:49 am, Viewed by 754 Visitors, Read 770 Times.

Maplewood NJ Home Sales First 3 Quarters 2007 -VS- 2008

With all crazy information being put out about the local real estate markets, I thought I would put together some real numbers for you the reader, so that you can better understand what is really happening in the Maplewood NJ Real Estate market. 

I put together the actual sold data for January, 1 2007 though September, 1 2007 and compaired it to January, 1 2008 through September, 1 2008.

 

Total Sales Volume Maplewood 2007 2008
  211 175
    -17.1%

 

Average List Price Change Maplewood 2007 2008
  $567,185   $547,810
    -3.5%

  

Average Sold Price Maplewood New Jersey 2007 2008
  $565,135    $533,104
    -5.7%

 

 

As you can see by the numbers, the sales volume has droped off significantly, but the average sold price has been holding up fairly good.  Will this continue to be the case?  Really hard to say, but it is starting to seem like the financial crisis is passing, we have the election has passed now, and people seem to be feeling a little more possitive knowing that at least some measure of change is coming.

For more news about our local New Jersey real estate markets, visit the New Jersey Real Estate Blog.

James Boyer
Maplewood NJ REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct

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James Boyer

James Boyer James Boyer, is a resident of Morris Township in Morris County New Jersey and Specializes in listing and selling homes in Morristown, Morris Township, Madison, Florham Park, Chatham, Summit, Short Hills, Millburn, Maplewood, & South Orange New Jersey and Morris Essex & Union County Real Estate. Read More

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