West Orange

N o v e m b e r

2 0 1 3

M a r k e t

S n a p s h o t

Bev & Bob Homes, LLC, www.BevAndBob.com, 201-647-6144, rmeaux@verizon.net

Units

Address

Style

Bedrms Baths

DOM Final List Price

Sales Price

SP:FLP

Actual
DOM

Original List
Price

SP:OLP

Total Assessment
SP:AV

235 Mt Pleasant Avenue Contemp

3.1

15

$179,900

$190,900

106.11%

380

$429,500

44.45%

$326,800

0.58

45 Pillot Place

Colonial

2.0

13

$229,000

$219,000

95.63%

13

$229,000

95.63%

$226,100

0.97

77 Lindsley Avenue

Colonial

3.0

29

$249,900

$245,000

98.04%

581

$335,000

73.13%

$295,400

0.83

318 Araneo Drive

TwnIntUn

2.1

26

$279,900

$250,000

89.32%

26

$279,900

89.32%

$294,700

0.85

25 Mountain Way

Ranch

2.0

19

$299,900

$260,000

86.70%

19

$299,900

86.70%

$308,200

0.84

138 Forest Hill Road

Colonial

1.1

129

$319,000

$202,000

63.32%

257

$349,900

57.73%

$326,500

0.62

12 Collamore Terrace

Colonial

1.2

44

$339,000

$258,000

76.11%

44

$339,000

76.11%

$332,600

0.78

8 Westview Road

Colonial

3.0

$369,000

$345,000

93.50%

$369,000

93.50%

$280,600

1.23

19 Korwel Circle E

SplitLev

3.0

49

$369,900

$365,000

98.68%

217

$379,900

96.08%

$312,900

1.17

10 60 Forest Hill Road

Colonial

2.0

17

$375,000

$363,000

96.80%

17

$375,000

96.80%

$331,600

1.09

11 17 Cadmus Court

TwnIntUn

2.1

28

$390,000

$385,000

98.72%

316

$369,500

104.19%

$340,000

1.13

12 27 Carter Road

Contemp

4.0

26

$439,000

$440,000

100.23%

569

$525,000

83.81%

$431,900

1.02

13 20 Carter Road

Colonial

2.1

29

$469,000

$452,000

96.38%

29

$469,000

96.38%

$408,200

1.11

14 37 Gilbert Place

Colonial

3.1

51

$484,000

$460,000

95.04%

51

$484,000

95.04%

$394,300

1.17

15 10 Marcy Place

Custom

3.1

113

$498,000

$475,000

95.38%

475

$599,000

79.30%

$402,400

1.18

16 79 Luddington Road

Colonial

2.2

162

$519,900

$511,500

98.38%

162

$519,900

98.38%

$435,500

1.17

17 15 Ardmore Road

Custom

5.0

10

$599,000

$599,000

100.00%

10

$599,000

100.00%

$517,500

1.16

18 64 O'Connor Circle

TwnEndUn

3.1

54

$619,000

$610,000

98.55%

54

$690,000

88.41%

$546,100

1.12

19 11 Skyline Drive

Colonial

3.1

100

$639,000

$620,000

97.03%

550

$679,900

91.19%

$699,000

0.89

20 6 Hundt Place

TwnEndUn

3.1

23

$749,000

$720,000

96.13%

443

$810,000

88.89%

$690,700

1.04

2004-2013 Copyright Protected. All Rights Reserved

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

Not intended to solicit a property already listed.

West Orange
N o v e m b e r

2 0 1 3

M a r k e t

S n a p s h o t

Bev & Bob Homes, LLC, www.BevAndBob.com, 201-647-6144, rmeaux@verizon.net

Units

Address

Style

Bedrms Baths

DOM Final List Price

Sales Price

SP:FLP

Actual
DOM

Original List
Price

SP:OLP

Total Assessment
SP:AV

21 15 Ashley Road

Tudor

4.0

13

$775,000

$750,000

96.77%

13

$775,000

96.77%

$703,700

1.07

22 100 Mountain Avenue

Colonial

4.1

546

$1,649,000

$1,540,000

93.39%

671

$1,849,000

83.29%

$1,507,300

1.02

23 49 Park Way

Colonial

7.2

279

$2,300,000

$2,000,000

86.96%

1263

$3,975,000

50.31%

$2,200,000

0.91

78

$571,322

$533,061

93.79%

268

$683,930

85.45%

AVERAGE

CURRENT ACTIVE LISTINGS IN WEST ORANGE

CURRENT UNDER CONTRACT LISTINGS IN WEST ORANGE

Number of Units: 195

Average List Price: $469,688
Average List Price to Assessed Value Ratio: 1.07
Average Days on Market: 141

Number of Units: 114

Average List Price: $344,898
Average List Price to Assessed Value Ratio: 1.08
Average Days on Market: 98

1.00

2004-2013 Copyright Protected. All Rights Reserved

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

Not intended to solicit a property already listed.

November 2012 YTD

AVG YTD Sales Price: $337,244
DOM: 95
#Units YTD: 384
SP:AV 0.93

West Orange 2013 Year to Date Market Trends

Bev & Bob Homes, LLC, www.BevAndBob.com, 201-647-6144, rmeaux@verizon.net

January

February

March

April

May

June

July

August

September

October

Days on Market

75

84

98

201

102

71

68

79

70

70

78

85

Final List Price

$329,206

$302,676

$331,661

$300,417

$351,577

$388,509

$404,848

$385,992

$382,775

$380,382

$571,322

$379,153

Sales Price
Sales Price as a %
of FLP

$315,596

$293,805

$317,419

$294,540

$341,222

$387,240

$391,530

$378,508

$371,330

$372,585

$533,061

$368,842

95.97%

96.83%

96.89%

97.74%

96.73%

99.73%

96.52%

98.81%

97.12%

97.77%

93.79%

97.50%

Actual DOM

154

173

205

365

270

150

144

191

131

193

268

192

Original List Price

Sales Price as a %
of OLP
Sales Price to Assessed Value
# Units Sold

$352,500

$321,167

$374,946

$369,300

$401,139

$414,293

$424,777

$416,172

$399,882

$437,041

$683,930

$416,553

89.27%

91.59%

86.78%

81.27%

85.89%

94.21%

93.00%

91.15%

92.23%

88.23%

85.45%

89.98%

0.94
20

0.99
21

0.98
31

0.88
25

0.93
49

1.09
69

1.04
62

1.01
72

1.02
53

1.08
44

1.00
23

1.01
469

We s t O r a n g e 2 0 0 4 - 2 0 1 2

2004-2012 Sales Price to List Price Ratios

$450,000

99.55%

100.00%

98.83%

99.00%

$400,000

98.19%

98.00%

97.30%

97.00%

$350,000

96.80%

96.00%

$300,000

2010
$408,694
$390,469

2011
$388,271
$368,090

4.77

4.92

4.78

4.44

4.00

4.00

2004

2005

103

100
80
3.72

2007

60

84

90 91

97

64

Days on
Market

50

20

2012

2012

2011

2011

2010

2010

2009

2009

2008

2008

2007

2007

2006

2006

2005

2005

0.00

2008

2009

2012

2004-2012 Number of Units Sold

40
0.94

1.00

76

60

2.75

2.00

2006

2004-2012 Average Days on Market

120

3.00

2004

2011

92.00%

2012
$351,758
$336,975

900
800
700
600
500
400
300
200
100
0

765

721
562 540
446

394 361 366 414

# Units
Sold

2012

4.25

2010

SP:LP

93.00%

Sales Price

2011

2012

2010

2009
$403,847
$383,302

2011

2009

2008
$429,481
$416,376

2010

2008

2009

2007

2007
$466,047
$454,083

2008

2006

2006
$460,981
$450,493

2007

2004

5.00

95.63%

2005

2005
$442,208
$438,534

2006

2004

2005

Sales Price to Assessed Value Ratio

6.00

95.59%

94.00%
List Price

2004

LP
SP

95.73%
94.75%

95.00%

$250,000

2004
$338,108
$382,805

YTD AVG

We s t O r a n g e 2 0 0 4 - 2 0 1 2

Average List Price vs. Sales Price

$500,000

November December

*2010 Tax Re-evaluation

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

2004-2013 Copyright Protected. All Rights Reserved

Not intended to solicit a property already listed.