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West Orange

O c t o 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 Original List


DOM
Price

SP:OLP

Total Assessment
SP:AV

17A S Valley Road

OneFloor

1.0

298

$66,500

$71,000

106.77%

298

$114,000

62.28%

$100,500

0.71

43 Conforti Avenue 34

OneFloor

1.0

84

$109,000

$95,000

87.16%

984

$165,000

57.58%

$141,000

0.67

43 Conforti Avenue

OneFloor

1.0

48

$119,900

$125,000

104.25%

232

$189,900

65.82%

$179,000

0.70

84 Lindsley Avenue

Colonial

2.0

21

$175,000

$175,000

100.00%

21

$175,000

100.00%

$283,500

0.62

526 Mt Pleasant Avenue

CapeCod

2.0

53

$189,000

$200,000

105.82%

583

$198,000

101.01%

$247,500

0.81

10 Smith Manor Boulevard HighRise

2.0

$194,900

$193,000

99.03%

$184,900

104.38%

$211,000

0.91

21 Buckingham Road

Colonial

1.1

27

$230,000

$230,000

100.00%

27

$230,000

100.00%

$244,700

0.94

20 Hillside Avenue

Colonial

2.1

247

$240,000

$200,000

83.33%

247

$335,000

59.70%

$378,100

0.53

8 Marmon Terrace

CapeCod

1.1

125

$249,900

$251,000

100.44%

308

$274,900

91.31%

$304,300

0.82

10 97 Giordano Drive

TwnIntUn

2.1

12

$255,000

$250,000

98.04%

12

$255,000

98.04%

$270,300

0.92

11 56 Valley Way

Colonial

2.0

38

$259,000

$250,000

96.53%

38

$259,000

96.53%

$214,100

1.17

12 579 Pleasant Valley Way

Colonial

2.0

125

$279,900

$270,000

96.46%

125

$299,900

90.03%

$277,100

0.97

13 1 Undercliff Terrace

Colonial

2.2

124

$279,900

$260,000

92.89%

1093

$450,000

57.78%

$460,000

0.57

14 7 Normandy Terrace

Tudor

1.0

44

$289,000

$280,000

96.89%

44

$300,000

93.33%

$262,500

1.07

15 74 Crestmont Road

RanchRas

2.1

22

$299,900

$301,000

100.37%

22

$299,900

100.37%

$298,300

1.01

16 26 Harvard Terrace

Colonial

1.1

119

$300,000

$285,000

95.00%

357

$379,000

75.20%

$324,700

0.88

17 183 Clarken Drive

TwnIntUn

2.1

12

$310,000

$319,500

103.06%

12

$310,000

103.06%

$300,000

1.07

18 8 Wilson Terrace

Colonial

1.1

48

$311,000

$302,500

97.27%

74

$325,000

93.08%

$217,500

1.39

19 16 Edgemont Road

Colonial

1.1

15

$315,000

$315,000

100.00%

15

$315,000

100.00%

$270,900

1.16

20 52 Nestro Road

CapeCod

2.0

77

$319,000

$315,000

98.75%

77

$324,900

96.95%

$224,800

1.40

21 16 Freeman Place

Bi-Level

2.0

42

$324,900

$300,000

92.34%

42

$339,000

88.50%

$267,700

1.12

22 23 Fairway Avenue

SplitLev

2.1

76

$327,900

$320,000

97.59%

76

$327,900

97.59%

$343,400

0.93

23 1 Rand Drive

Bi-Level

3.0

84

$333,700

$330,000

98.89%

165

$349,900

94.31%

$294,600

1.12

24 338 Northfield Avenue

SplitLev

2.0

121

$334,900

$323,000

96.45%

687

$479,000

67.43%

$281,700

1.15

25 374 Digaetano Terrace

TwnIntUn

2.1

$345,000

$343,000

99.42%

56

$375,000

91.47%

$308,600

1.11

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
O c t o 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

26 2 Bromley Drive

Style

Bedrms Baths

DOM Final List Price

Sales Price

SP:FLP

Actual
DOM

Original List
Price

SP:OLP

Total Assessment
SP:AV

SplitLev

2.1

151

$349,900

$342,500

97.89%

151

$449,900

76.13%

$305,500

1.12

27 515 Eagle Rock Avenue Colonial

2.0

179

$349,900

$340,000

97.17%

648

$435,000

78.16%

$329,700

1.03

28 22 Old Salem Road

Colonial

1.1

66

$349,900

$285,000

81.45%

66

$349,900

81.45%

$292,300

0.98

29 44 Seaman Road

RanchExp

2.1

140

$369,000

$348,000

94.31%

140

$399,000

87.22%

$342,600

1.02

30 12 Hillside Avenue

Colonial

2.0

27

$369,000

$365,000

98.92%

27

$369,000

98.92%

$358,100

1.02

31 19 Benvenue

Colonial

4.0

65

$369,900

$369,000

99.76%

511

$599,000

61.60%

$375,000

0.98

32 52 Crestmont Road

SplitLev

2.1

19

$369,900

$370,000

100.03%

19

$369,900

100.03%

$345,100

1.07

33 17 Lapis Circle

TwnIntUn

2.1

11

$384,000

$376,500

98.05%

11

$384,000

98.05%

$322,500

1.17

34 1 Tenney Court

Bi-Level

2.1

31

$400,000

$380,000

95.00%

31

$400,000

95.00%

$294,500

1.29

35 1 Mountain Way S

SplitLev

3.1

45

$405,000

$395,000

97.53%

45

$429,900

91.88%

$423,100

0.93

36 33 Fairview Avenue

Colonial

2.0

52

$409,000

$405,000

99.02%

52

$440,000

92.05%

$345,900

1.17

37 73 Sullivan Drive

TwnIntUn

3.1

$445,000

$445,000

100.00%

$445,000

100.00%

$364,700

1.22

38 10 Whalen Court

TwnIntUn

3.1

105

$475,000

$472,000

99.37%

188

$588,000

80.27%

$449,700

1.05

39 5 Ridgeway Court

Colonial

2.1

85

$509,000

$505,000

99.21%

85

$494,000

102.23%

$483,900

1.04

40 57 Haggerty Drive

Colonial

3.1

$655,000

$655,000

100.00%

$655,000

100.00%

$196,600

3.33

41 12 Luth Terrace

TwnIntUn

3.1

29

$719,000

$710,000

98.75%

29

$719,000

98.75%

$670,700

1.06

42 1 Wadams Court

Colonial

4.1

$999,000

$999,000

100.00%

$999,000

100.00%

$758,500

1.32

43 216 Metzger Drive

OneFloor

3.0

$1,050,990

$1,081,438

102.90%

163

$1,050,990

102.90%

$595,000

1.82

44 86 Mountain Avenue

Tudor

4.3

208

$1,300,000

$1,246,300

95.87%

715

$2,398,000

51.97%

$1,134,500

1.10

70

$380,382

$372,585

97.77%

193

$437,041

88.23%

$343,039

1.08

AVERAGE

CURRENT ACTIVE LISTINGS IN WEST ORANGE

CURRENT UNDER CONTRACT LISTINGS IN WEST ORANGE

Number of Units: 216


Average List Price: $457,612
Average List Price to Assessed Value Ratio: 1.06
Average Days on Market: 122

Number of Units: 117


Average List Price: $366,548
Average List Price to Assessed Value Ratio: 1.01
Average Days on Market: 102

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.

October 2012 YTD


AVG YTD Sales Price: $336,918
DOM: 94
#Units YTD: 354
SP:AV 0.93

West Orange 2013 Year to Date Market Trends

Bev & Bob Homes, LLC, www.BevAndBob.com, 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

85

Final List Price

$329,206

$302,676

$331,661

$300,417

$351,577

$388,509

$404,848

$385,992

$382,775

$380,382

$369,243

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

$360,373

95.97%

96.83%

96.89%

97.74%

96.73%

99.73%

96.52%

98.81%

97.12%

97.77%

97.69%

Actual DOM

154

173

205

365

270

150

144

191

131

193

188

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

$402,734

89.27%

91.59%

86.78%

81.27%

85.89%

94.21%

93.00%

91.15%

92.23%

88.23%

90.22%

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

1.01
446

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.