Health & Fitness
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
Find out what's happening in Mahwahwith free, real-time updates from Patch.
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.
Find out what's happening in Mahwahwith free, real-time updates from Patch.
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.
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Candace Larson
Keller Williams Village Square Realty
201-445-4300 x 222
www.realestatemahwah.com