Summit

D e c e m b e r
Units

Address

Style

2 0 1 3

Bedrms Baths

DOM

M a r k e t

Final List
Price

Sales Price

SP:FLP

S n a p s h o t
Actual
DOM

Original List
Price

SP:OLP

Total Assessment
SP:AV

68-86 New England Ave U 22 TwnEndUn

1.1

65

$325,000

$325,000

100.00%

65

$325,000

100.00%

$145,500

2.23

103 Park Avenue Apt A2

TwnIntUn

2.1

70

$380,000

$370,000

97.37%

70

$380,000

97.37%

$156,500

2.36

11 Euclid Avenue Apt 4d

HighRise

2.0

10

$410,000

$415,000

101.22%

10

$410,000

101.22%

$209,800

1.98

6 South Street

Colonial

2.0

57

$474,777

$460,000

96.89%

57

$474,777

96.89%

$144,300

3.19

41 Webster Avenue

CapeCod

2.0

56

$499,000

$437,000

87.58%

56

$525,000

83.24%

$206,200

2.12

67-73 New England Avenue

TwnEndUn

2.1

13

$499,000

$490,000

98.20%

51

$499,000

98.20%

$210,300

2.33

275 Woodland Avenue

Tudor

1.1

54

$524,000

$477,600

91.15%

54

$559,000

85.44%

$227,400

2.10

45 Ashland Road

Colonial

2.1

120

$590,000

$560,000

94.92%

120

$649,900

86.17%

$317,800

1.76

75 Templar Way

Colonial

2.1

17

$699,000

$690,000

98.71%

201

$939,000

73.48%

$382,000

1.81

10 224 Mountain Avenue

Colonial

2.1

$789,000

$800,000

101.39%

$789,000

101.39%

$330,100

2.42

11 165 Hillcrest Avenue

Ranch

3.0

18

$1,135,000

$1,135,000

100.00%

18

$1,135,000

100.00%

$378,600

3.00

12 50 D New England Avenue

TwnEndUn

4.1

16

$1,150,000

$1,100,000

95.65%

257

$1,100,000

100.00%

$421,900

2.61

13 33 Parkview Terrace

Colonial

3.1

56

$1,200,000

$1,350,000

112.50%

56

$1,200,000

112.50%

14 12 Greenbriar Drive

RanchExp

3.1

10

$1,269,000

$1,400,000

110.32%

10

$1,269,000

110.32%

$669,000

2.09

15 41 Edgewood Road

Colonial

3.1

$1,295,000

$1,295,000

100.00%

200

$1,495,000

86.62%

$813,400

1.59

16 137 Hillcrest Avenue

Colonial

3.2

134

$1,299,000

$1,250,000

96.23%

134

$1,458,000

85.73%

$713,600

1.75

17 36 Mountain Avenue

Colonial

3.2

182

$1,349,000

$1,255,000

93.03%

182

$1,395,000

89.96%

18 75 Colt Road

Colonial

5.1

142

$2,100,000

$1,850,000

88.10%

142

$2,350,000

78.72%

$875,700

2.11

57

$888,154

$869,978

97.96%

94

$941,815

93.74%

AVERAGE

CURRENT ACTIVE LISTINGS IN SUMMIT

Number of Units: 41
Average List Price: $1,073,695
Average List Price to Assessed Value Ratio: 2.43
Average Days on Market: 110

CURRENT UNDER CONTRACT LISTINGS IN SUMMIT

Number of Units: 29
Average List Price: $670,109
Average List Price to Assessed Value Ratio: 2.33
Average Days on Market: 54

2004-2013 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.

2.22

December 2012 YTD

AVG YTD Sales Price: $915,407
DOM: 58
#Units YTD: 259
SP:AV 2.22

Summit 2013 Year to Date Market Trends

January

February

March

April

May

June

July

August

September

October

Days on Market

75

90

96

56

28

43

49

47

53

61

Final List Price

$1,232,909

$748,056

$920,929 $1,022,086 $1,085,243 $1,111,262 $1,246,338 $777,546

$775,370

$741,213 $1,151,075 $888,154

$991,209

Sales Price
$1,161,625
Sales Price as a %
of FLP
93.88%

$708,203

$885,214 $1,009,880 $1,068,070 $1,103,464 $1,205,398 $762,032

$750,783

$722,176 $1,080,750 $869,978

$965,630

Actual DOM

75

Original List Price $1,246,091

Sales Price as a %
of OLP
91.85%
Sales Price to Assessed Value
2.27
# Units Sold
11

98.34%

99.61%

98.46%

98.43%

97.16%

97.35%

95.69%

97.96%

97.85%

121

135

98

59

111

103

73

115

124

67

94

97

$794,778

$939,071 $1,049,264 $1,102,746 $1,156,260 $1,308,124 $803,032

$797,300 $1,167,742 $941,815

$1,031,466

94.24%

94.38%

97.09%

96.14%

94.44%

96.18%

91.51%

92.57%

94.73%

93.74%

94.50%

1.97
9

2.17
14

2.31
22

2.39
28

2.37
42

2.45
42

2.45
37

2.49
23

2.24
23

2.39
12

2.22
18

2.35
281

Summit 2004-2012

Average List Price vs. Sales Price

2004-2012 Sales Price to List Price Ratios

$1,050,000

102.00%

$1,000,000

100.00%

$950,000

102.56%
100.68%

101.23%
98.54%
97.57%

98.00%

$900,000

97.48%

97.38%

96.11%

SP:LP

96.01%

96.00%

$850,000

94.00%

List Price

2010
$985,585
$964,131

2012

Sales Price

2011
$947,846
$905,137

92.00%

2.56

2.61
2.37

2.24

2005

2006

2007

2008

2.19

2.22

2.21

2.22

2009

2010

2011

2012

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

2005

2006

2007

2008

2009

2004-2012 Average Days on Market

90
80
70
60
50
40
30
20
10
0

Sales Price to Assessed Value Ratio

2.48

2004

2012
$946,234
$915,407

76 77
61
49
36

40

2011

2012

2004-2012 Number of Units Sold

72
57

2010

58

Days on
Market

2004-2013 Copyright Protected. All Rights Reserved

400
350
300
250
200
150
100
50
0

334
276 274

292
245

271
221

259
206

# Units
Sold

2012

2009
$973,992
$930,999

2011

2011

2008
$985,793
$965,899

2010

2010

2009

2009

2006
2007
$1,007,394 $1,149,803
$1,017,629 $1,129,397

2008

2008

2007

2007

2005
$969,120
$977,024

2006

2006

2005

2005

2004

2004

$800,000

2004

$841,500

89.78%

$1,100,000

2.70
2.60
2.50
2.40
2.30
2.20
2.10
2.00
1.90

52

97.95%

104.00%

LP
SP

57

96.37%

$1,150,000

2004
$913,052
$918,810

35

YTD AVG

95.45%

Summit 2004-2012
$1,200,000

November December

Not intended to solicit a property already listed.