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Mahwah Real Estate Market Report: July 2012

How's the Mahwah real estate market? Here's the report on what properties sold in July 2012, as well as prices and how long they were on the market.

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

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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