W W W. T U R P I N R E A LT O R S . C O M / R E P O R T S
Q3 MA R KET R EPO RT 2019
3RD QUARTER MARKET REPORT 2019
About the Data • • • • •
This study includes all residential home sales in the towns indicated, as reported by Garden State Multiple Listing Service LLC (GSMLS), including condominiums and townhomes. Does not include land sales, commercial sales, rentals, or off-market transactions. Year to Date “Overview” sales data is asreportedto GSMLS on 10/8/19. Source: TrendGraphix. When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing. Average Sales per month is calculated on the number of sales for the current year. The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
COMMENTARY 3RD QUARTER MARKET REPORT 2019 With three quarters of 2019 behind us the general consensus is that the markets we serve in North Central New Jersey are holding their own, with significant but expected amount of variation from town to town. Of the 36 towns we studied, 20 sold fewer homes in the first three quarters of 2019 than they did during the same period in 2018, while 15 posted increased sales and one was flat. These numbers represent a slight decline from Q2, when we had 18 declining, 16 improving and one flat. Most Improved Markets Of all the towns we looked at, the three that posted increases in all four price ranges we study were Bedminster, Far Hills and Westfield. Far Hills is typically difficult to measure simply due to the low transaction volume that accompanies such a small town, but having seen about as many home sales in 2019 year-to-date as it did in the preceding two years, it is undeniable that the town is having a moment. Several other towns performed very well even if they did not see improvements in all price bands (often because they just do not have a market in all price ranges). Lebanon Borough, for example, was up 44% year-to-date for homes under $1 million, while Maplewood, Mendham Township, New Providence, and Watchung all performed very well for sales up to $2 million. Mixed Results between $1 million and $2 million Interestingly, homes priced between $1 million and $2 million appear to be surging in towns like Mendham Township, Bridgewater, Florham Park, Morris Township, New Providence, Tewksbury and Watchung, while others, like Peapack-Gladstone, Madison and Bernards Township are seeing notable declines in that price range. With relatively small amounts of data informing this report it is likely that some of these shifts simply reflect the natural variability of buyers’ choices, but not always. Tewksbury, which has experienced a strong increase in sales between $1 million and $2 million, has 32 months of supply in that price range. It would appear that the inevitable downward pressure on values that accompanies such an oversupply, has led to a perception of value that has motivated buyers to act. On the other hand, supply in Madison and Bernards Township has been low for some time, and while these towns are now seeing a decrease in sales, inventory remains low and prices steady. Luxury Home Sales Slow but Steady For home sales over $2 million things have remained relatively unchanged from our last report. Very limited data makes analysis difficult, but we continue to see an improvement in the countryside estate market, with Bernardsville doubling its sales over $2 million versus last year. Although Millburn/Short Hills has recovered previous losses in the $1 million to $2 million market, sales above $2 million are still flagging. Summit is also struggling in this price range, and anecdotal reports from other towns in our eastern market are that activity remains sluggish above $2 million. Located on the cusp of the suburbs but with a decidedly bucolic feel, Harding Township has seen declines in each of the price bands over $1 million year-to-date. If there is any constant in our regional real estate market, it’s variability — from one town to the next and across price segments. An experienced real estate professional can help you assess the particulars relative to your unique circumstances. I hope you will not hesitate to call on one of the fine agents at Turpin Realtors for expert advice and diligent service.
John Turpin, President
www.TurpinRealtors.com/Reports © 2019 Turpin Realtors
Source: GSMLS 10/8/19 & Trendgraphix
CONTENTS
3RD QUARTER MARKET REPORT 2019
Bedminster Berkeley Heights Bernards Twp. Bernardsville Bridgewater Twp. Califon Chatham Boro Chatham Twp. Chester Boro Chester Twp. Clinton Town Clinton Twp.
Far Hills Florham Park Harding Twp. Lebanon Boro Lebanon Twp. Long Hill Twp. Madison Maplewood Mendham Boro Mendham Twp. Millburn Morris Plains
Morris Twp. Morristown New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
BEDMINSTER 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
68
51 33.3%
176
146 20.5%
TOTAL DOLLAR VOLUME
$32,989,550
$21,687,450 52.1%
$84,234,792
$58,998,256 42.8%
MEDIAN SALE PRICE
$332,500
$350,000 -5.0%
$339,000
$326,000 4.0%
AVERAGE SALE PRICE
$485,140
$425,244 14.1%
$478,606
$404,097 18.4%
AVERAGE DAYS ON MARKET
50
51 -2.0%
62
51 21.6%
% SALES PRICE TO LIST PRICE
92.1%
96.8% -4.9%
93.8%
96.9% -3.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
15.3%
YTD
2018
1 0
% CHANGE
YTD
2019
YTD
2018
% CHANGE
4 0
ç
5 2
YTD
2019
$3,000,000 AND UP
ç
ç
ç
166 144
YTD
2018
$2,000,000-$2,999,999
150.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
55 18.44 2.98
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 0.56 14.40
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 0.11 36.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.44 6.75
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
BERKELEY HEIGHTS 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
51
47 8.5%
140
129 8.5%
TOTAL DOLLAR VOLUME
$34,079,100
$30,405,138 12.1%
$85,779,776
$80,315,288 6.8%
MEDIAN SALE PRICE
$625,000
$615,000 1.6%
$582,500
$599,000 -2.8%
AVERAGE SALE PRICE
$668,217
$646,917 3.3%
$612,712
$622,599 -1.6%
AVERAGE DAYS ON MARKET
61
53 15.1%
59
47 25.5%
% SALES PRICE TO LIST PRICE
97.1%
97.6% -0.5%
97.5%
98.2% -0.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
134 121
YTD
2018
6 8
10.7%
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
25.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
67 14.89 4.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.67 4.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
BERNARDS TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
141
161 -12.4%
338
370 -8.6%
TOTAL DOLLAR VOLUME
$91,873,960
$116,525,528 -21.2%
$208,482,736
$254,402,720 -18.1%
MEDIAN SALE PRICE
$595,000
$690,000 -13.8%
$580,000
$650,000 -10.8%
AVERAGE SALE PRICE
$651,588
$723,761 -10.0%
$616,812
$687,574 -10.3%
AVERAGE DAYS ON MARKET
61
48 27.1%
61
47 29.8%
% SALES PRICE TO LIST PRICE
96.7%
97.9% -1.2%
96.7%
97.8% -1.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
38 54
YTD
2019
YTD
2018
0 3
29.6%
4.2%
$3,000,000 AND UP
% CHANGE
YTD
2019
ç
ç
ç
300 313
YTD
2018
$2,000,000-$2,999,999
YTD
2018
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
129 33.33 3.87
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
31 4.22 7.34
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
∞
4 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
∞
1 0.00
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
BERNARDSVILLE 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
33
30 10.0%
78
78 0.0%
TOTAL DOLLAR VOLUME
$26,971,500
$22,884,100 17.9%
$59,514,000
$60,556,368 -1.7%
MEDIAN SALE PRICE
$605,000
$686,000 -11.8%
$617,000
$669,732 -7.9%
AVERAGE SALE PRICE
$817,318
$762,803 7.1%
$763,000
$776,363 -1.7%
AVERAGE DAYS ON MARKET
68
67 1.5%
68
79 -13.9%
% SALES PRICE TO LIST PRICE
93.4%
96.1% -2.9%
93.9%
94.3% -0.4%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
6.6%
YTD
2018
3 2
% CHANGE
YTD
2019
YTD
2018
% CHANGE
1 0
ç
9 15
YTD
2019
$3,000,000 AND UP
ç
ç
ç
65 61
YTD
2018
$2,000,000-$2,999,999
50.0%
40.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
44 7.22 6.09
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
39 1.00 39.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
11 0.33 33.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.11 36.00
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
BRIDGEWATER TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
176
192 -8.3%
436
460 -5.2%
TOTAL DOLLAR VOLUME
$87,374,104
$94,221,888 -7.3%
$211,882,240
$220,865,280 -4.1%
MEDIAN SALE PRICE
$460,000
$450,000 2.2%
$450,000
$450,000 0.0%
AVERAGE SALE PRICE
$496,443
$490,739 1.2%
$485,968
$480,141 1.2%
AVERAGE DAYS ON MARKET
45
54 -16.7%
52
56 -7.1%
% SALES PRICE TO LIST PRICE
98.4%
98.2% 0.2%
97.9%
98.1% -0.1%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
ç
ç
424 451
YTD
2018
12 9
6.0%
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
33.3%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
169 47.11 3.59
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 1.33 6.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
CALIFON 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
2 150.0%
% CHANGE
YTD 2019
YTD 2018
8
9 -11.1%
HOMES SOLD
5
TOTAL DOLLAR VOLUME
$1,569,034 $826,000 90.0%
$2,602,034
$3,019,500 -13.8%
MEDIAN SALE PRICE
$359,900
$413,000 -12.9%
$352,450
$324,000 8.8%
AVERAGE SALE PRICE
$313,806
$413,000 -24.0%
$325,254
$335,500 -3.1%
AVERAGE DAYS ON MARKET
67
81 -17.3%
89
85 4.7%
% SALES PRICE TO LIST PRICE
96.7%
98.4% -1.7%
97.2%
98.7% -1.5%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2019
ç
8 9
YTD
2018
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
11.1%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 0.89 10.13
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
CHATHAM BORO 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
43
39 10.3%
96
105 -8.6%
TOTAL DOLLAR VOLUME
$41,703,500
$36,395,896 14.6%
$86,542,544
$95,594,496 -9.5%
MEDIAN SALE PRICE
$954,500
$815,000 17.1%
$801,000
$830,000 -3.5%
AVERAGE SALE PRICE
$969,848
$933,228 3.9%
$901,484
$910,423 -1.0%
AVERAGE DAYS ON MARKET
48
48 0.0%
50
46 8.7%
% SALES PRICE TO LIST PRICE
97.6%
99.1% -1.5%
97.7%
99.0% -1.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
29 31
YTD
2019
YTD
2018
1 0
$3,000,000 AND UP
% CHANGE
YTD
2019
ç
ç
ç
66 74
YTD
2018
$2,000,000-$2,999,999
YTD
2018
% CHANGE
0 0
NC
6.5%
10.8%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 7.33 3.95
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 3.22 4.66
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.11 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
CHATHAM TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
42
54 -22.2%
138
145 -4.8%
TOTAL DOLLAR VOLUME
$49,573,600
$52,659,648 -5.9%
$150,897,088
$158,362,416 -4.7%
MEDIAN SALE PRICE
$1,106,250 $838,500 31.9%
$957,000
$1,042,500 -8.2%
AVERAGE SALE PRICE
$1,180,323 $975,178 21.0%
$1,093,457
$1,092,154 0.1%
AVERAGE DAYS ON MARKET
57
44 29.5%
58
42 38.1%
% SALES PRICE TO LIST PRICE
95.3%
98.3% -3.1%
96.6%
98.6% -2.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
YTD
2018
16 15
12.1%
0.0%
% CHANGE
YTD
2019
YTD
2018
% CHANGE
ç
51 58
YTD
2019
$3,000,000 AND UP
ç
ç
NC
71 71
YTD
2018
$2,000,000-$2,999,999
0 1
100.0%
6.7%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 7.89 3.04
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 5.67 4.24
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
12 1.78 6.75
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
∞
2 0.00
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
CHESTER BORO 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
4
11 -63.6%
18
20 -10.0%
TOTAL DOLLAR VOLUME
$2,395,000
$6,328,000 -62.2%
$10,436,400
$11,284,000 -7.5%
MEDIAN SALE PRICE
$653,000
$583,000 12.0%
$547,500
$583,000 -6.1%
AVERAGE SALE PRICE
$598,750
$575,272 4.1%
$579,800
$564,200 2.8%
AVERAGE DAYS ON MARKET
76
86 -11.6%
81
89 -9.0%
% SALES PRICE TO LIST PRICE
99.8%
97.1% 2.8%
97.4%
97.3% 0.1%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2018
% CHANGE NC
0 0
ç
18 20
YTD
2019
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
10.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 2.00 10.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
CHESTER TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
39
35 11.4%
90
96 -6.3%
TOTAL DOLLAR VOLUME
$27,020,404
$25,020,088 8.0%
$61,978,704
$63,883,196 -3.0%
MEDIAN SALE PRICE
$688,000
$650,000 5.8%
$676,250
$644,450 4.9%
AVERAGE SALE PRICE
$692,830
$714,859 -3.1%
$688,652
$665,449 3.5%
AVERAGE DAYS ON MARKET
64
69 -7.2%
70
76 -7.9%
% SALES PRICE TO LIST PRICE
97.3%
96.0% 1.4%
96.5%
97.2% -0.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
83 85
YTD
2018
7 11
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
36.4%
2.4%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
73 9.22 7.92
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 0.78 15.43
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
3 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
CLINTON TOWN 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
16
18 -11.1%
28
42 -33.3%
TOTAL DOLLAR VOLUME
$5,754,500
$6,223,800 -7.5%
$9,636,500
$13,740,200 -29.9%
MEDIAN SALE PRICE
$348,000
$319,000 9.1%
$349,000
$319,000 9.4%
AVERAGE SALE PRICE
$359,656
$345,766 4.0%
$344,160
$327,147 5.2%
AVERAGE DAYS ON MARKET
50
49 2.0%
67
57 17.5%
% SALES PRICE TO LIST PRICE
97.2%
97.2% 0.0%
97.6%
97.8% -0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
ç
28 42
YTD
2018
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
33.3%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 3.11 4.18
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
CLINTON TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
63
50 26.0%
143
140 2.1%
TOTAL DOLLAR VOLUME
$29,827,660
$20,305,800 46.9%
$62,517,796
$56,120,904 11.4%
MEDIAN SALE PRICE
$457,500
$380,000 20.4%
$432,500
$395,000 9.5%
AVERAGE SALE PRICE
$473,454
$406,116 16.6%
$437,187
$400,863 9.1%
AVERAGE DAYS ON MARKET
58
72 -19.4%
56
74 -24.3%
% SALES PRICE TO LIST PRICE
97.4%
97.0% 0.4%
97.3%
97.5% -0.1%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2019
ç
143 140
YTD
2018
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
2.1%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
77 15.89 4.85
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
FAR HILLS 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
% CHANGE
YTD 2018
YTD 2019
HOMES SOLD
4
2 100.0%
14 4 250.0%
TOTAL DOLLAR VOLUME
$8,858,499
$1,756,600 404.3%
$15,604,926 $3,381,600 361.5%
MEDIAN SALE PRICE
$2,200,000 $878,300 150.5%
$732,500
AVERAGE SALE PRICE
$2,214,624 $878,300 152.1%
$1,114,637 $845,400 31.8%
AVERAGE DAYS ON MARKET
42
50 -16.0%
105 64 64.1%
% SALES PRICE TO LIST PRICE
95.1%
90.1% 5.5%
94.1%
$812,500 -9.8%
92.7% 1.6%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
YTD
2018
1 0
% CHANGE
YTD
2019
YTD
2018
% CHANGE
1 0
ç
2 1
YTD
2019
$3,000,000 AND UP
ç
ç
ç
10 3
YTD
2018
$2,000,000-$2,999,999
100.0%
233.3%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 1.11 6.30
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.22 13.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.11 9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.11 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
FLORHAM PARK 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
29
29 0.0%
91
84 8.3%
TOTAL DOLLAR VOLUME
$24,409,500
$20,601,224 18.5%
$69,946,224
$58,550,252 19.5%
MEDIAN SALE PRICE
$687,500
$650,000 5.8%
$625,000
$643,925 -2.9%
AVERAGE SALE PRICE
$841,706
$710,387 18.5%
$768,639
$697,026 10.3%
AVERAGE DAYS ON MARKET
44
60 -26.7%
64
66 -3.0%
% SALES PRICE TO LIST PRICE
97.7%
97.7% 0.0%
97.1%
97.9% -0.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2018
% CHANGE
YTD
2019
YTD
2018
1 0
$3,000,000 AND UP
% CHANGE
YTD
2019
ç
ç
17 10
ç
73 74
YTD
2019
$2,000,000-$2,999,999
YTD
2018
% CHANGE
0 0
NC
70.0%
1.4%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 8.11 2.96
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 1.89 7.41
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.11 9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
HARDING TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
7
15 -53.3%
29
31 -6.5%
TOTAL DOLLAR VOLUME
$9,537,500
$21,816,388 -56.3%
$37,214,500
$43,840,888 -15.1%
MEDIAN SALE PRICE
$845,000
$1,235,000 -31.6%
$900,000
$1,230,000 -26.8%
AVERAGE SALE PRICE
$1,362,500
$1,454,425 -6.3%
$1,283,258
$1,414,222 -9.3%
AVERAGE DAYS ON MARKET
125 98 27.6%
145 98 48.0%
% SALES PRICE TO LIST PRICE
90.9%
90.8%
80.4% 12.9%
85.9% 5.6%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
21.4%
YTD
2018
3 5
22.2%
% CHANGE
YTD
2019
YTD
2018
% CHANGE
ç
7 9
YTD
2019
$3,000,000 AND UP
ç
ç
ç
17 14
YTD
2018
$2,000,000-$2,999,999
2 3
33.3%
40.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 1.89 5.29
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 0.78 37.29
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
13 0.33 39.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 0.22 31.50
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
LEBANON BORO 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
11 6 83.3%
23
16 43.8%
TOTAL DOLLAR VOLUME
$2,567,500
$1,520,400 68.9%
$5,713,400
$4,226,938 35.2%
MEDIAN SALE PRICE
$267,500
$255,500 4.7%
$267,500
$283,625 -5.7%
AVERAGE SALE PRICE
$233,409
$253,400 -7.9%
$248,408
$264,183 -6.0%
AVERAGE DAYS ON MARKET
42
73 -42.5%
56
67 -16.4%
% SALES PRICE TO LIST PRICE
99.0%
95.0% 4.3%
99.0%
97.5% 1.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
ç
23 16
$2,000,000-$2,999,999
% CHANGE
YTD
2018
YTD
2019
NC
0 0
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
43.8%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 2.56 1.96
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
LEBANON TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
12
21 -42.9%
44
62 -29.0%
TOTAL DOLLAR VOLUME
$3,645,213
$7,513,450 -51.5%
$14,538,686
$25,162,568 -42.2%
MEDIAN SALE PRICE
$285,982
$360,000 -20.6%
$320,000
$406,835 -21.3%
AVERAGE SALE PRICE
$303,767
$357,783 -15.1%
$330,424
$405,847 -18.6%
AVERAGE DAYS ON MARKET
53
45 17.8%
65
77 -15.6%
% SALES PRICE TO LIST PRICE
96.9%
98.5% -1.6%
97.8%
98.4% -0.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
ç
44 62
YTD
2018
$2,000,000-$2,999,999
% CHANGE
YTD
2019
NC
0 0
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
29.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
48 4.89 9.82
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
∞
1 0.00
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
LONG HILL TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
39
33 18.2%
83
89 -6.7%
TOTAL DOLLAR VOLUME
$21,001,430
$16,862,900 24.5%
$43,010,832
$48,042,952 -10.5%
MEDIAN SALE PRICE
$470,000
$465,000 1.1%
$470,000
$501,000 -6.2%
AVERAGE SALE PRICE
$538,498
$510,996 5.4%
$518,202
$539,808 -4.0%
AVERAGE DAYS ON MARKET
60
47 27.7%
59
61 -3.3%
% SALES PRICE TO LIST PRICE
97.0%
98.5% -1.4%
96.5%
98.2% -1.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
81 89
YTD
2018
2 0
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
9.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
54 9.00 6.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.22 13.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MADISON 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
60
57 5.3%
114
157 -27.4%
TOTAL DOLLAR VOLUME
$53,106,804
$47,463,404 11.9%
$101,031,408
$138,706,272 -27.2%
MEDIAN SALE PRICE
$770,875
$750,000 2.8%
$775,875
$767,000 1.2%
AVERAGE SALE PRICE
$885,113
$832,691 6.3%
$886,240
$883,479 0.3%
AVERAGE DAYS ON MARKET
52
46 13.0%
60
42 43.6%
% SALES PRICE TO LIST PRICE
96.9%
98.5% -1.6%
97.1%
98.0% -0.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2018
% CHANGE
YTD
2019
YTD
2018
0 3
36.4%
22.0%
$3,000,000 AND UP
% CHANGE
YTD
2019
ç
ç
28 44
ç
85 109
YTD
2019
$2,000,000-$2,999,999
YTD
2018
% CHANGE
1 1
NC
100.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
48 9.44 5.08
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 3.11 5.46
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
7 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.11 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MAPLEWOOD 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
122 95 28.4%
309
286 8.0%
TOTAL DOLLAR VOLUME
$75,535,520
$60,313,660 25.2%
$186,520,320
$176,604,480 5.6%
MEDIAN SALE PRICE
$597,500
$593,000 0.8%
$584,000
$600,750 -2.8%
AVERAGE SALE PRICE
$619,143
$634,880 -2.5%
$603,625
$617,498 -2.2%
AVERAGE DAYS ON MARKET
34
34 0.0%
37
29 27.6%
% SALES PRICE TO LIST PRICE
100.9%
102.5% -1.6%
101.1%
102.8% -1.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
286 266
YTD
2018
23 20
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
15.0%
7.5%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
68 31.78 2.14
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 2.56 1.17
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
1 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MENDHAM BORO 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
31
23 34.8%
64
67 -4.5%
TOTAL DOLLAR VOLUME
$20,463,500
$16,168,000 26.6%
$42,873,600
$50,596,848 -15.3%
MEDIAN SALE PRICE
$585,000
$710,000 -17.6%
$599,500
$659,000 -9.0%
AVERAGE SALE PRICE
$660,112
$702,956 -6.1%
$669,900
$755,176 -11.3%
AVERAGE DAYS ON MARKET
65
65 0.0%
74
80 -7.5%
% SALES PRICE TO LIST PRICE
95.7%
94.6% 1.1%
95.4%
93.0% 2.6%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
YTD
2018
0 1
YTD
2019
YTD
2018
% CHANGE
0 1
100.0%
50.0%
7.3%
% CHANGE
ç
5 10
YTD
2019
$3,000,000 AND UP
ç
ç
ç
59 55
YTD
2018
$2,000,000-$2,999,999
100.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
36 6.56 5.49
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 0.56 12.60
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
3 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MENDHAM TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
23
37 -37.8%
69
81 -14.8%
TOTAL DOLLAR VOLUME
$19,898,458
$32,701,550 -39.2%
$62,276,108
$72,898,304 -14.6%
MEDIAN SALE PRICE
$875,000
$825,000 6.1%
$875,000
$795,000 10.1%
AVERAGE SALE PRICE
$865,150
$883,825 -2.1%
$902,552
$899,979 0.3%
AVERAGE DAYS ON MARKET
63
96 -34.4%
66
111 -40.5%
% SALES PRICE TO LIST PRICE
95.8%
92.4% 3.7%
95.5%
93.4% 2.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
19 15
YTD
2019
YTD
2018
2 2
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
0 1
26.7%
23.8%
% CHANGE
ç
ç
ç
48 63
YTD
2018
$2,000,000-$2,999,999
100%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
45 5.33 8.44
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
27 2.11 12.79
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 0.22 9.00
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MILLBURN 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
109 86 26.7%
242
215 12.6%
TOTAL DOLLAR VOLUME
$150,250,768
$123,511,872 21.6%
$313,021,824
$307,566,112 1.8%
MEDIAN SALE PRICE
$1,260,000
$1,312,500 -4.0%
$1,137,125
$1,225,000 -7.2%
AVERAGE SALE PRICE
$1,378,447
$1,436,184 -4.0%
$1,293,478
$1,430,540 -9.6%
AVERAGE DAYS ON MARKET
60
52 15.4%
56
52 7.7%
% SALES PRICE TO LIST PRICE
96.2%
96.7% -0.5%
96.1%
96.4% 0.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
YTD
2018
21 23
0.9%
39.2%
% CHANGE
YTD
2019
YTD
2018
% CHANGE
ç
110 109
YTD
2019
$3,000,000 AND UP
ç
ç
ç
103 74
YTD
2018
$2,000,000-$2,999,999
8 9
11.1%
8.7%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 11.44 2.53
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
51 12.22 4.17
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
26 2.33 11.14
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 0.89 10.13
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MORRIS PLAINS 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
29
30 -3.3%
68
78 -12.8%
TOTAL DOLLAR VOLUME
$13,855,800
$15,615,800 -11.3%
$33,042,214
$38,746,700 -14.7%
MEDIAN SALE PRICE
$510,000
$525,500 -2.9%
$512,500
$495,000 3.5%
AVERAGE SALE PRICE
$477,786
$520,526 -8.2%
$485,914
$496,752 -2.2%
AVERAGE DAYS ON MARKET
38
30 26.7%
33
35 -5.7%
% SALES PRICE TO LIST PRICE
99.4%
99.8% -0.4%
99.4%
99.7% -0.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
ç
68 78
$2,000,000-$2,999,999
% CHANGE
YTD
2018
YTD
2019
NC
0 0
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
12.8%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
26 7.56 3.44
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MORRIS TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
106 97 9.3%
251
265 -5.3%
TOTAL DOLLAR VOLUME
$69,651,824
$59,132,920 17.8%
$159,546,672
$162,888,112 -2.1%
MEDIAN SALE PRICE
$610,000
$590,000 3.4%
$600,000
$555,000 8.1%
AVERAGE SALE PRICE
$657,092
$609,617 7.8%
$635,644
$614,672 3.4%
AVERAGE DAYS ON MARKET
54
37 45.9%
54
52 3.8%
% SALES PRICE TO LIST PRICE
97.2%
98.1% -0.9%
97.2%
97.9% -0.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
16 11
6.8%
YTD
2019
YTD
2018
1 3
45.5%
$3,000,000 AND UP
% CHANGE
YTD
2019
ç
ç
ç
234 251
YTD
2018
$2,000,000-$2,999,999
YTD
2018
% CHANGE
0 0
NC
66.7%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
99 26.00 3.81
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 1.78 9.56
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.11 27.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
MORRISTOWN 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
52
43 20.9%
119
105 13.3%
TOTAL DOLLAR VOLUME
$27,147,050
$20,149,500 34.7%
$59,439,804
$50,239,720 18.3%
MEDIAN SALE PRICE
$494,500
$419,000 18.0%
$460,000
$421,000 9.3%
AVERAGE SALE PRICE
$522,058
$468,593 11.4%
$499,494
$478,473 4.4%
AVERAGE DAYS ON MARKET
49
31 58.1%
46
33 39.4%
% SALES PRICE TO LIST PRICE
98.4%
99.8% -1.4%
97.8%
99.8% -1.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
3 3
NC
YTD
2019
YTD
2018
1 0
$3,000,000 AND UP
% CHANGE
YTD
2019
ç
ç
115 102
YTD
2018
$2,000,000-$2,999,999
YTD
2018
% CHANGE
0 0
NC
12.7%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
42 12.78 3.29
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.33 15.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.11 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Source: GSMLS 10/8/19 & Trendgraphix
NEW PROVIDENCE 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
51
54 -5.6%
119
109 9.2%
TOTAL DOLLAR VOLUME
$30,980,184
$32,983,000 -6.1%
$71,600,584
$69,515,384 3.0%
MEDIAN SALE PRICE
$570,000
$605,500 -5.9%
$570,000
$615,000 -7.3%
AVERAGE SALE PRICE
$607,454
$610,796 -0.5%
$601,685
$637,755 -5.7%
AVERAGE DAYS ON MARKET
37
42 -11.9%
45
43 4.7%
% SALES PRICE TO LIST PRICE
98.3%
98.4% -0.2%
98.0%
98.5% -0.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
113 107
YTD
2018
6 2
5.6%
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
200.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
58 12.56 4.62
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.67 7.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
PEAPACK-GLADSTONE 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
4
16 -75.0%
21
29 -27.6%
TOTAL DOLLAR VOLUME
$3,217,500
$11,955,201 -73.1%
$14,831,000
$25,347,200 -41.5%
MEDIAN SALE PRICE
$828,750
$667,250 24.2%
$710,000
$839,500 -15.4%
AVERAGE SALE PRICE
$804,375
$747,200 7.7%
$706,238
$874,041 -19.2%
AVERAGE DAYS ON MARKET
22
54 -59.3%
80
102 -21.6%
% SALES PRICE TO LIST PRICE
96.0%
92.9% 3.4%
96.6%
90.7% 6.5%
Sales by Price $0-$999,999 YTD
2019
YTD
2018
$1,000,000-$1,999,999
% CHANGE NC
YTD
2018
% CHANGE
ç
20 20
YTD
2019
1 9
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
88.9%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 2.22 8.55
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.11 36.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
1 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
RANDOLPH TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
106
107 -0.9%
243
235 3.4%
TOTAL DOLLAR VOLUME
$55,454,668
$56,992,632 -2.7%
$127,326,312
$125,682,816 1.3%
MEDIAN SALE PRICE
$525,000
$529,900 -0.9%
$520,000
$520,000 0.0%
AVERAGE SALE PRICE
$523,157
$532,641 -1.8%
$523,976
$534,820 -2.0%
AVERAGE DAYS ON MARKET
49
47 4.3%
50
49 2.0%
% SALES PRICE TO LIST PRICE
98.1%
98.4% -0.3%
97.7%
98.1% -0.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
240 231
YTD
2018
3 4
3.9%
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
25.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
129 26.67 4.84
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.33 9.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
READINGTON TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
73
79 -7.6%
178
198 -10.1%
TOTAL DOLLAR VOLUME
$33,620,844
$31,414,680 7.0%
$78,226,312
$81,565,656 -4.1%
MEDIAN SALE PRICE
$489,900
$362,000 35.3%
$450,000
$400,000 12.5%
AVERAGE SALE PRICE
$460,559
$397,654 15.8%
$439,473
$411,947 6.7%
AVERAGE DAYS ON MARKET
55
49 12.2%
65
57 14.0%
% SALES PRICE TO LIST PRICE
97.6%
96.2% 1.4%
97.4%
97.5% -0.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
ç
178 198
YTD
2018
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
10.1%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
92 19.78 4.65
INVENTORY
AVG SALES PER MONTH
5 0.00
MONTH’S SUPPLY
∞
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
SUMMIT 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
77
75 2.7%
188
229 -17.9%
TOTAL DOLLAR VOLUME
$84,829,264
$93,807,768 -9.6%
$203,925,280
$271,986,240 -25.0%
MEDIAN SALE PRICE
$915,000
$1,075,000 -14.9%
$947,500
$1,000,000 -5.3%
AVERAGE SALE PRICE
$1,101,678
$1,250,770 -11.9%
$1,084,708
$1,187,712 -8.7%
AVERAGE DAYS ON MARKET
49
41 19.5%
48
43 11.6%
% SALES PRICE TO LIST PRICE
96.6%
97.2% -0.6%
96.9%
97.6% -0.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
YTD
2018
11 22
21.6%
7.9%
% CHANGE
YTD
2019
YTD
2018
% CHANGE
ç
69 88
YTD
2019
$3,000,000 AND UP
ç
ç
ç
105 114
YTD
2018
$2,000,000-$2,999,999
3 5
50.0%
40.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
58 11.67 4.97
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
48 7.67 6.26
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
11 1.22 9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.33 12.00
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
TEWKSBURY TWP. 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
22
22 0.0%
67
58 15.5%
TOTAL DOLLAR VOLUME
$13,950,249
$16,179,500 -13.8%
$48,305,600
$38,231,424 26.4%
MEDIAN SALE PRICE
$587,500
$717,500 -18.1%
$595,000
$607,500 -2.1%
AVERAGE SALE PRICE
$634,102
$735,431 -13.8%
$720,979
$659,162 9.4%
AVERAGE DAYS ON MARKET
111 78 42.3%
118 86 37.2%
% SALES PRICE TO LIST PRICE
96.0%
94.6%
93.7% 2.5%
96.1% -1.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
7.1%
YTD
2018
0 1
% CHANGE
YTD
2019
YTD
2018
% CHANGE
1 0
ç
6 1
YTD
2019
ç
ç
ç
60 56
YTD
2018
$3,000,000 AND UP
$2,000,000-$2,999,999
100.0%
500.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
79 6.67 11.85
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 0.67 31.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
6 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.11 9.00
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
WARREN 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
60
60 0.0%
135
130 3.8%
TOTAL DOLLAR VOLUME
$51,211,000
$53,797,952 -4.8%
$111,571,176
$113,455,760 -1.7%
MEDIAN SALE PRICE
$832,500
$884,000 -5.8%
$825,000
$827,500 -0.3%
AVERAGE SALE PRICE
$853,516
$896,632 -4.8%
$826,453
$872,736 -5.3%
AVERAGE DAYS ON MARKET
65
77 -15.6%
69
80 -13.8%
% SALES PRICE TO LIST PRICE
94.5%
95.2% -0.7%
95.5%
95.9% -0.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
110 90
YTD
2018
24 39
$2,000,000-$2,999,999 YTD
2019
YTD
2018
1 1
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
38.5%
22.2%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
69 12.22 5.65
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 2.67 10.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 0.11 18.00
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
79
83 -4.8%
181
208 -13.0%
TOTAL DOLLAR VOLUME
$35,764,152
$34,612,648 3.3%
$80,667,864
$88,951,112 -9.3%
MEDIAN SALE PRICE
$465,000
$395,000 17.7%
$450,000
$405,250 11.0%
AVERAGE SALE PRICE
$452,710
$417,019 8.6%
$445,678
$427,649 4.2%
AVERAGE DAYS ON MARKET
61
52 17.3%
61
59 3.4%
% SALES PRICE TO LIST PRICE
97.5%
97.1% 0.4%
97.5%
96.8% 0.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
ç
181 208
YTD
2018
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
13.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
111 20.11 5.52
INVENTORY
AVG SALES PER MONTH
3 0.00
MONTH’S SUPPLY
∞
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
WATCHUNG 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
24
16 50.0%
60
44 36.4%
TOTAL DOLLAR VOLUME
$18,726,218
$12,965,999 44.4%
$47,827,216
$33,544,400 42.6%
MEDIAN SALE PRICE
$747,250
$819,500 -8.8%
$707,500
$619,500 14.2%
AVERAGE SALE PRICE
$780,259
$810,374 -3.7%
$797,120
$762,372 4.6%
AVERAGE DAYS ON MARKET
83
79 5.1%
76
87 -12.6%
% SALES PRICE TO LIST PRICE
95.5%
94.8% 0.7%
96.3%
95.1% 1.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
ç
ç
48 35
YTD
2018
12 9
$2,000,000-$2,999,999 YTD
2019
YTD
2018
0 0
$3,000,000 AND UP
% CHANGE
YTD
2019
NC
YTD
2018
% CHANGE
0 0
NC
33.3%
37.1%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
27 5.33 5.06
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 1.33 12.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
1 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
WESTFIELD 3RD QUARTER MARKET REPORT 2019
Overview Q3 2019
Q3 2018
% CHANGE
YTD 2019
YTD 2018
% CHANGE
HOMES SOLD
128
121 5.8%
325
285 14.0%
TOTAL DOLLAR VOLUME
$111,818,592
$102,770,920 8.8%
$268,869,888
$235,532,928 14.2%
MEDIAN SALE PRICE
$767,500
$772,000 -0.6%
$760,000
$765,000 -0.7%
AVERAGE SALE PRICE
$873,582
$849,346 2.9%
$827,291
$826,431 0.1%
AVERAGE DAYS ON MARKET
49
50 -2.0%
53
45 17.8%
% SALES PRICE TO LIST PRICE
96.7%
97.3% -0.6%
97.0%
97.4% -0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2019
YTD
2018
% CHANGE
YTD
2019
% CHANGE
YTD
2018
2 1
1.5%
17.1%
% CHANGE
YTD
2019
YTD
2018
% CHANGE
1 0
ç
68 67
YTD
2019
$3,000,000 AND UP
ç
ç
ç
254 217
YTD
2018
$2,000,000-$2,999,999
100.0%
Supply and Demand (as of Sep 30, 2019) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
113 28.22 4.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
57 7.56 7.54
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
7 0.22 31.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.11 N/A
10 Year Market History
© 2019 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/19 & Trendgraphix
Market Leading Global Networks
www.TurpinRealtors.com Bernardsville 908-766-6500
Mendham 973-543-7400
Far Hills 908-234-9100
Chatham 973-635-5555
Oldwick 908-439-3300