Mahwah Real Estate Market Report: September 2012

How did the Mahwah Real Estate fare last month?  The condo/townhouse market remained steady from the previous month, although there was a decrease in single family home sales. Here are September’s numbers, according to the New Jersey Multiple Listing Service. 

Single-family homes – September 2012

While 18 homes sold in August, that number dipped to 12 in September.   Of the homes that sold, the average list price was $632,192 and the average sold price was $583,242, which means that homes sold for approximately 92.264% of their list price. The average days on market was 69.

Condos/Townhouses – September 2012

Sales of condominiums/townhouses remained steady.  Nineteen units sold in September, down  one unit from the previous month.  But the average list price rose slightly to $358,485, as did the average sold price  -  $332,968.  The sale-price-to-list-price ratio was 92.882.   The units that sold averaged 80 days on the market, down from 99 the previous month.

Here are the September sold listings, as reported in the NJMLS:

ADDRESS

PRICE

    DOM   

STYLE

BR

FB

HB

118 Ramapo Valley Rd    

$170,000

    45

Col         

6

2

0

3212 Stowe Ln

$205,000

    184

Condo

1

1

0

1052 Chedworth Cir

$210,000

    137

Condo

1

1

0

1196 Richmond Rd

$214,000

    28

Condo

1

1

0

2717 Hemingway Ln

$248,400

    34

Condo

1

1

0

1212 Sycamore Ln

$270,000

    39

Condo

2

2

0

203 Mark Twain Way

$275,000

    44

Condo

2

2

0

959 Juniper Way

$277,000

    56

Condo

2

2

0

1077 Cambridge Ct

$280,000

    86

Condo

2

2

0

1394 York St

$283,000

    86

Twnhs

2

2

0

1170 Richmond Rd

$306,000

    17

Condo

2

2

0

66 Sunset Ct

$310,000

    12

Twnhs

2

2

1

3514 Whittier Ct

$330,000

    11

Condo

2

2

0

1014 Crown Ct

$340,000

    14

Twnhs

3

2

0

285 Vista View Dr

$380,000

    423

Twnhs

3

2

1

345 Vista View Dr

$385,000

    32

Twnhs

2

2

1

11 S Bayard Ln

$425,000

    157

Twnhs

3

3

0

46 Longfellow Ln

$500,000

    108

Twnhs

3

2

1

207 Summit Rd

$500,000

    165

S/L

4

2

0

51 Malcolm Rd

$500,000

    51

Col

4

2

0

647 Wyckoff Ave

$506,000

    21

S/L

4

2

1

35 Hines Ave

$510,000

    38

Col

4

2

1

10 Romopock Ct

$520,000

    15

Twnhs

3

2

1

31 Walnut West St

$561,000

    175

Col

5

4

1

289 Vista View Dr

$568,000

    43

Twnhs

3

3

1

14 Winding Trl

$581,000

    19

Col

4

2

1

10 Litchult Ln

$685,900

    23

Contp

5

2

1

7 Thunderhead Pl

$715,000

    68

Col

4

2

1

20 High St

$740,000

    86

Col

5

3

1

54 Walnut West St

$750,000

    135

Ranch

5

3

1

10 Cobbler Ln

$780,000

    12

Col

4

2

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 September 1, 2012 to September 30, 2012. Information deemed reliable, not guaranteed.  Not responsible for errors/omissions.

Currently on the Market – October 7, 2012

As of today, there are 80 single-family homes for sale, at an average list price of $965,627, and 48 condo/townhouse units available at an average list price of $344,924.

Weekly and monthly Mahwah real estate market reports like this are available online at www.realestatemahwah.com. Check out the Friday Roundup in the Mahwah RE Blog -- a summary each Friday of what's new on the market, what went under contract, and what sold.

---

Candace Larson
Keller Williams Village Square Realty
201-445-4300 x 222
www.realestatemahwah.com