Mahwah Real Estate Market Report: July 2012
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Remember that real estate is local! National media reports may not accurately reflect what’s going on here in Mahwah. Here are last month’s numbers for Mahwah single-family homes and condos/townhouses sold, according to the New Jersey Multiple Listing Service.
In addition, this report includes a comparison of the stats for the first half of this year vs. first half of last year.
Single-family homes – July 2012
July saw a decrease from June in the number of homes sold. Eleven single-family homes sold in the month of July, compared to 18 in June.
In July, the average list price of homes that sold was $742,918 and the average sold price was $674,045, which means that homes in Mahwah were at selling 90.729% of their list price, on average. For the listings that sold, the average number of days homes were on the market was 109.
Condos/Townhouses – July 2012
Sales of condominiums/townhouses were also down from the previous month. At an average list price of $420,222 and average sold price of $395,322, there were 9 units sold in Mahwah in July (compared to 14 in June). The sale price to list price ratio was 94.075 and the average time on the market was 63 days.
Here are the July sold listings, as reported in the NJMLS:
|
Address |
DOM |
Price |
Style |
BR |
FB |
HB |
|
301 LINDEN ST |
67 |
$250,000 |
CONDO |
2 |
2 |
0 |
|
3610 WHITTIER CT |
88 |
$277,500 |
TWNHS |
2 |
2 |
0 |
|
1442 YORK ST |
33 |
$301,000 |
TWNHS |
2 |
2 |
0 |
|
1246 GARRISON CT |
20 |
$359,900 |
TWNHS |
3 |
2 |
0 |
|
2209 LANCASTER CT |
31 |
$408,000 |
TWNHS |
3 |
2 |
1 |
|
154 MORAMARCO CT |
60 |
$460,000 |
TWNHS |
3 |
2 |
1 |
|
150 FISHER RD |
105 |
$465,000 |
TWNHS |
3 |
2 |
1 |
|
578 LARAMIE LN |
104 |
$510,000 |
TWNHS |
3 |
2 |
1 |
|
36 NIAGARA DR |
67 |
$526,500 |
TWNHS |
3 |
2 |
1 |
|
21 HINES AVE |
88 |
$312,000 |
COL |
3 |
1 |
0 |
|
7 STRONG ST |
184 |
$352,500 |
C/C |
3 |
2 |
0 |
|
132 JOHNSON AVE |
87 |
$400,000 |
B/L |
4 |
2 |
0 |
|
209 SUMMIT RD |
12 |
$420,000 |
COL |
4 |
2 |
1 |
|
14 WINTER ST |
170 |
$485,000 |
COL |
3 |
2 |
1 |
|
2 BYRNE DR |
43 |
$580,000 |
B/L |
4 |
2 |
1 |
|
140 W CRESCENT AVE |
60 |
$775,000 |
COL |
4 |
3 |
1 |
|
55 VILLAGE DR |
11 |
$850,000 |
COL |
3 |
2 |
1 |
|
71 FYKE RD |
212 |
$865,000 |
COL |
5 |
3 |
1 |
|
1 SETON LN |
150 |
$925,000 |
COL |
4 |
4 |
0 |
|
39 WALSH DR |
186 |
$1,450,000 |
COL |
5 |
5 |
1 |
Note: These properties were listed and sold by various participants of the NJMLS based on information from the New Jersey Multiple Listing Service, Inc. for the period July 1, 2012 to July 31, 2012.
Currently on the Market – August 1, 2012
As of August 1, there are 84 single-family homes for sale, at an average list price of $ 901,338, and 60 condo/townhouse units available at an average list price of $ 378,174.
First Half of the Year Stats: Comparing 2011 to 2012
How is the Mahwah real estate market doing compared to a year ago? Here are the stats for January 1 – June 30:
|
Single Family Homes |
2011 |
2012 |
|
# Listings Sold |
33 |
67 |
|
Average List Price |
$827,769 |
$732,164 |
|
Average Sold Price |
$744,997 |
$664,163 |
|
Days on Market |
109 |
109 |
|
|
|
|
|
Condos/Townhouses |
2011 |
2012 |
|
# Listings Sold |
74 |
78 |
|
Average List Price |
$389,559 |
$359,915 |
|
Average Sold Price |
$363,082 |
$333,729 |
|
Days on Market |
76 |
86 |
Note: These properties were listed and sold by various participants of the NJMLS based on information from the New Jersey Multiple Listing Service, Inc. for the periods January 1, 2011 - June 30, 2011 and January 1, 2012 – June 30, 2012.
Weekly and monthly Mahwah real estate market reports like this are available online at www.realestatemahwah.com.
---
Candace Larson
Keller Williams Village Square Realty
201-445-4300 x 222
www.realestatemahwah.com
