SHORT HILLS

J a n u a r y

Units

Address

Style

2 0 1 2

Bedrms Baths

M a r k e t

DOM Final List Price

Sales Price

S n a p s h o t
Actual
DOM

FLP:SP

Original List
Price

OLP:SP

Total Assessment

SP:AV

425 White Oak Ridge Rd Colonial

126

$849,000

$755,350

88.97%

126

$849,000

88.97%

$538,300

1.40

29 Wildwood Drive

Colonial

53

$1,395,000

$1,235,000

88.53%

53

$1,495,000

82.61%

$1,481,700

0.83

9 Midhurst Road

Custom

19

$1,228,000

$1,278,040

104.07%

19

$1,228,000

104.07%

82 Browning Road

SplitLev

36

$1,399,000

$1,310,000

93.64%

97

$1,525,000

85.90%

$1,052,600

1.24

15 Marion Avenue

Victrian

16

$1,549,000

$1,750,000

112.98%

16

$1,549,000

112.98%

$1,214,600

1.44

11 Shawnee Road

Colonial

$2,590,000

$2,425,000

93.63%

186

$2,950,000

82.20%

$2,658,900

0.91

42

$1,501,667

$1,458,898

96.97%

83

$1,599,333

92.79%

AVERAGE

CURRENT ACTIVE LISTINGS IN SHORT HILLS

CURRENT UNDER CONTRACT LISTINGS IN SHORT HILLS

AS OF FEBRUARY 9, 2012

AS OF JANUARY 6, 2012

Number of Units: 71

Number of Units: 22

Average List Price: $2,315,714

Average List Price: $1,669,545

Average List Price to Assessed Value Ratio: 1.17

Average List Price to Assessed Value Ratio: 1.02

Average Days on Market:

93

Average Days on Market: 62

* ACTUAL DOM includes previous expired and withdrawn dates. OLP reflects the original asking price that a house entered the market for sale.
2004-2011 Copyright Protected. All Rights Reserved
Not intended to solicit a property already listed.
Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

1.17

January 2011 YTD:

AVG YTD Sales Price: $1,286,474
DOM: 71
#Units YTD: 12
SP:AV 0.97

Short Hills 2012 Year to Date Market Trends

January

February

March

April

May

June

July

August

September

October

November December

YTD AVG

Days on Market

42

42

Final List Price

$1,501,667

$1,501,667

Sales Price
% of FLP to Sales
Price

$1,458,898

$1,458,898

96.97%

96.97%

Actual DOM

83

83

Original List Price $1,599,333

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

92.79%

92.79%

1.17
6

1.17
6

Average List Price vs. Sales Price

$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0

2004
$1,355,028
$1,323,842

2004-2011 List Price to Sales Price Ratios

101.00%

98.00%

97.69%

97.49%

97.59%

2010

2011

96.54%

LP:SP

95.89%

96.00%
95.00%
List Price

2005

2005
$1,485,027
$1,470,808

2006
2006
$1,570,733
$1,515,347

2007

2008

2007
$1,607,645
$1,551,989

2009
2008
$1,525,852
$1,456,662

1.47

1.56

2010
2009
$1,559,944
$1,474,012

2011
2010
$1,442,002
$1,386,937

Sales Price

1.09

1.05

1.01

0.50
0.00

2006

2007

2008

2009

2010

2004

2005

2006

2007

2008

2009

2004-2011 Average Days on Market

90
80
70
60
50
40
30
20
10
0

1.00

2005

94.00%
93.00%

2011
$1,382,708
$1,338,423

1.47
1.04

2004

97.33%

97.00%

2.00
1.50

99.25%

99.00%

Sales Price to Assessed Value Ratio

1.35

100.30%

100.00%

2004

LP
SP

$1,599,333

2004-2011 # Units Sold

250

78
66
56

54

66
53

59

200

55

Days on
Market

150

223 237

224
198

185

172

144

154
# Units
Sold

100
50
0

2011

*2007 Tax Re-evaluation

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

2004-2012 Copyright Protected. All Rights Reserved

Not intended to solicit a property already listed.