Health & Fitness
Maplewood November Real Estate Sales: Prices Hold Relatively Steady
In November, 10 was the magic number in real estate. See details, pictures, and a list of the residential homes sold along with a comparison of the sales price to the assessment value.
In November Maplewood sold one more home than in October, but at a lower average and median sales price. Ten residential homes sold with an average sales price of $447,466 and a median sales price of $459,500, compared to $535,444 and $475,000, respectively in October. Of these 10 homes, 4 sold within $10,000 of the final asking price, 1 sold at final asking price and zero sold over asking price. Sellers never changed the original asking price on 2 of the 10 homes before accepting an offer. Click here to see pictures and a list of the residential homes sold along with a comparison of the sales price to the assessment value.
The chart below shows how these sales compared to other area towns. Maplewood ranks third in all categories below.
Find out what's happening in Maplewoodfor free with the latest updates from Patch.
Town-by-Town Sales Comparison
November 2011
Find out what's happening in Maplewoodfor free with the latest updates from Patch.
TOWN
TOTAL SOLD
AVG SALES PRICE
MED SALES PRICE
97.3%
Millburn/Short Hills
7
$704,643
$640,000
94.6%
November 2011 looks better when you look at it compared to last year . Although Maplewood sold 5 fewer homes compared to November 2010, the November 2011 prices show an increased average sales price of $40,233 and an increased median sales price of $74,500. The November 2010 average sales price was $407,233 and the median sales price was $385,000. Stay attuned to the real estate market activities by tracking which homes have recently accepted sales contracts.
As you continue to enjoy your holiday celebrations, don’t forget history has shown Maplewood residential homes that come on the market for sale between January – March sold for more than in anytime of the year.
All of this data has been compiled using information from the Garden State Multiple Listing Service (GSMLS) as of December 9, 2011; if changes were made in GSMLS after December 9, 2011 it is not reflected here. The MLS is used by Real Estate agents selling properties in Essex County and other areas. This data does not include private sales or new construction not listed through a Real Estate agent and is deemed reliable but not guaranteed. Towne Realty Group, LLC. Independently Owned and Operated. Beverly and Robert Meaux, Salespersons, Towne Realty Group.
