NORTH CENTRAL NEW JERSEY
MARKET REPORT SECOND QUARTER 2020
SECOND QUARTER MARKET REPORT 2020
About the Data • • • • •
This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals. Year to Date “Overview” sales data is asreportedto GSMLS on 7/9/20. Special Edition data is as reported to GSMLS on 7/5/20. 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.
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: Trendgraphix
CONTENTS JUNE 2020 – SPECIAL EDITION Hunterdon County | Morris County | Somersert County | Essex and Union Counties (partial)
SECOND QUARTER 2020 Bedminster Berkeley Heights Bernards Twp. Bernardsville Boonton Town Boonton Twp. 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 Mountain Lakes New Providence
Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
Cover image: 20 Jockey Hollow Rd, Bernardsville. Pictured above, clockwise from top left: 28 Cedric Rd, Summit; 8 Charles Place, Chatham Borough; 106 Mosle Rd, Peapack-Gladstone
COMMENTARY SECOND QUARTER MARKET REPORT 2020 As we wind our way through the social, political and economic maze of this pandemic, I am pleased to report that real estate sales in our region are brisk. Much of the activity we are seeing now is a delayed spring market that had been put on ice when the state shut down in March. Renewed interest from buyers living in New York City and the surrounding urban centers is noteworthy, though it is probably far less pronounced than the news media would have us believe. We find that many who have left the city are renting, rather than buying, though we expect them to turn into buyers as they learn how wonderful our region is! While the pandemic continues to remind us that we cannot know what tomorrow will bring, overall there is currently a great deal to be positive about in our local real estate market. County-Level Performance Versus 2019 As has become our practice since the shutdown began, we will start with our “Special Edition” results, which examine the Covid effect at the county level using year-over-year performance for each month, beginning in January 2020. County-level data provides a larger pool of transactions, thus smoothing out anomalies that result from the smaller, town-level data sets elsewhere in the report. This report also measures Contracts Pended, which, in combination with Homes for Sale data (current inventory), creates a more current view into our market. During the month of June, Somerset, Morris, and the portions of Essex and Union that we track in our Special Edition all showed incredible resilience. Each posted strong improvement in contracts pended versus June 2019, with Morris leading the pack (+55%). During this same timeframe, contracts pended in Hunterdon County were down 25%, a decrease that is not surprising, given a spike earlier in the year that yielded 67% more homes sold this June than were in 2019. In all areas covered by our special report, new listings declined sharply, while median prices either held steady or increased. Early signs of price stability are encouraging, though our third quarter report will be a more accurate measure of Covid’s effect on real estate prices, predicated as they are on contracts signed 45-60+ days prior. Second Quarter Results at the Town Level Looking at individual towns in our region during the second quarter, declines of 30-40% in home sales as compared to 2019 are not uncommon. This is fallout from diminished contract activity that occurred in late March and early April as a result of the Covid shutdown. Fortunately, the tremendous rebound we are now experiencing in contract activity suggests that towns like Chatham Township and Borough will make up any lost ground in the coming months. Despite strong headwinds, some towns still managed to improve over their 2019 performance during the second quarter. For example, Bernardsville saw a 41% increase in the number of homes sold spurred by a strong showing in the $1-2 million segment. Harding Township experienced a nice uptick in sales during the second quarter and is now 41% ahead of last year at this time. Madison saw a big increase in sales under $1 million (+51%) and is also well ahead of its 2019 performance year-to-date. Mendham Township managed to build on a strong first-quarter performance to end the second quarter 17% ahead of 2019. In a trend that reinforces the return of the east-to-west migration pattern, many Hunterdon county towns, like Tewksbury, Clinton Town, Clinton Township and Califon performed very well and are in positive territory for the year. Overall, we are pleased to see how the real estate market has adjusted to accommodate new modes of operation, enabling buyers, sellers and agents to efficiently share information and transact business in the midst of this pandemic. We are always available to answer any question you may have about your particular real estate situation, and I would encourage you to reach out to your Turpin agent for insights into the market regardless of whether you plan a move or not. 2020 marks our firm’s 60th year in business, and we have never been more proud to represent the people, properties and lifestyle that make up these special communities we call home.
John Turpin, President www.TurpinRealtors.com/Reports © 2020 Turpin Realtors
Source: GSMLS and TrendGraphix
SOMERSET COUNTY JUNE 2020 SPECIAL EDITION JUNE 2020
JUNE 2019
1041
HOMES FOR SALE
% CHANGE
1589 -34.49%
NEW LISTINGS
646
608 6.25%
CONTRACTS PENDED
557
404 37.87%
HOMES SOLD
283
443 -36.12%
MEDIAN SOLD PRICE
$430,000 $410,000
4.88%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
50%
Change from Last Year
25%
0%
-25%
-50%
-75%
January
February
March
April
May
June
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
6/ 17 8/ 17 10 /1 7 12 /1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20
$0
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 7/5/20
MORRIS COUNTY JUNE 2020 SPECIAL EDITION JUNE 2020
JUNE 2019
% CHANGE
HOMES FOR SALE
1708
2696 -36.65%
NEW LISTINGS
1070
1043
2.59%
CONTRACTS PENDED
923
594 55.39%
HOMES SOLD
480
657 -26.94%
MEDIAN SOLD PRICE
$442,000 $450,000 -1.78%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
75.00%
Change from Last Year
50.00% 25.00% 0.00% -25.00% -50.00% -75.00%
January
February
March
April
May
June
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
6/ 17 8/ 17 10 /1 7 12 /1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20
$0
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 7/5/20
HUNTERDON COUNTY JUNE 2020 SPECIAL EDITION JUNE 2020
JUNE 2019
% CHANGE
HOMES FOR SALE
609
981 -37.92%
NEW LISTINGS
306
274 11.68%
CONTRACTS PENDED
140
186 -24.73%
HOMES SOLD
288
172 67.44%
MEDIAN SOLD PRICE
$421,000 $390,000
7.95%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
75.00%
Change from Last Year
50.00% 25.00% 0.00% -25.00% -50.00% -75.00%
January
February
March
April
May
June
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
6/ 17 8/ 17 10 /1 7 12 /1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20
$0
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 7/5/20
ESSEX AND UNION COUNTY MUNICIPALITIES* JUNE 2020 SPECIAL EDITION JUNE 2020
JUNE 2019
% CHANGE
HOMES FOR SALE
940
1478 -36.40%
NEW LISTINGS
717
621 15.46%
CONTRACTS PENDED
622
404 53.96%
HOMES SOLD
320
455 -29.67%
MEDIAN SOLD PRICE
$688,000 $660,000
4.24%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
75.00%
Change from Last Year
50.00% 25.00% 0.00% -25.00% -50.00% -75.00%
January
February
March
April
May
June
Median Sold Price (past 3 years) $800,000
Median Sold Price
$600,000
$400,000
$200,000
6/ 17 8/ 17 10 /1 7 12 /1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20
$0
* Berkeley Heights Twp, Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 7/5/20
BEDMINSTER SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
38
% CHANGE
YTD 2020
YTD 2019
79
66 -42.4%
% CHANGE
107 -26.2%
$15,583,000 $33,746,848 -53.8%
$31,065,800 $51,040,248 -39.1%
MEDIAN SALE PRICE
$364,000 $351,200 3.6%
$342,500 $339,000 1.0%
AVERAGE SALE PRICE
$410,078
$511,315 -19.8%
$393,237
$477,011 -17.6%
51 31.4%
58
69 -15.7%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
67
% SALES PRICE TO LIST PRICE
97.7%
95.3% 2.5%
97.5%
94.9% 2.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
1 3
YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
0 3
66.7%
22.8%
% CHANGE
ç
ç
ç
78 101
YTD
2019
$2,000,000-$2,999,999
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
40 13.00 3.08
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 0.17 54.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
4 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
3 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
BERKELEY HEIGHTS SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
31
% CHANGE
YTD 2020
YTD 2019
64
55 -43.6%
% CHANGE
89 -28.1%
$18,758,000 $33,454,800 -43.9%
$36,769,752 $51,700,676 -28.9%
MEDIAN SALE PRICE
$605,000 $590,000 2.5%
$586,250 $570,000 2.9%
AVERAGE SALE PRICE
$605,096
$608,269 -0.5%
$574,527
$580,906 -1.1%
59
46 28.3%
71
59 20.3%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.9%
97.8% 1.1%
98.0%
97.8% 0.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
64 85
YTD
2019
0 4
24.7%
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
51 10.67 4.78
INVENTORY
AVG SALES PER MONTH
8 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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
BERNARDS TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
82
% CHANGE
YTD 2020
YTD 2019
158
134 -38.8%
% CHANGE
197 -19.8%
$52,019,036 $81,978,112 -36.5%
$99,001,512 $116,608,752 -15.1%
MEDIAN SALE PRICE
$599,450 $576,500 4.0%
$590,000 $540,000 9.3%
AVERAGE SALE PRICE
$634,378 $611,776 3.7%
$626,591 $591,922 5.9%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
96.8%
74
56 17.9%
66
96.9% -0.2%
60 23.3%
96.4%
96.7% -0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
11 19
YTD
2020
YTD
2019
1 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
146 178
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
42.1%
18.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
68 24.33 2.79
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
33 1.83 18.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 0.17 12.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
BERNARDSVILLE SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
31
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 53
22 40.9%
$24,889,228 $18,895,000 31.7%
YTD 2019
% CHANGE
45 17.8%
$39,850,896 $32,542,500 22.5%
MEDIAN SALE PRICE
$615,000
$731,000 -15.9%
$595,000
AVERAGE SALE PRICE
$802,878
$858,863 -6.5%
$751,903 $723,166 4.0%
88
70 25.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
91.8%
94.4% -2.7%
$643,000 -7.5%
93
68 36.8%
93.2%
94.4% -1.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
2.6%
YTD
2019
0 1
% CHANGE
YTD
2020
% CHANGE
0 1
100.0%
225.0%
YTD
2019
ç
13 4
YTD
2020
$3,000,000 AND UP
ç
ç
ç
40 39
YTD
2019
$2,000,000-$2,999,999
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
51 6.67 7.65
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
33 2.17 15.23
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
∞
7 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
∞
5 0.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
BOONTON TOWN SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
21
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 36
24 -12.5%
$9,723,025 $9,238,400 5.2%
YTD 2019
% CHANGE
39 -7.7%
$15,921,525 $14,931,177 6.6%
MEDIAN SALE PRICE
$433,000
$365,000 18.6%
$427,000
$375,000 13.9%
AVERAGE SALE PRICE
$463,001
$384,933 20.3%
$442,264
$382,850 15.5%
72
52 38.5%
64
59 8.5%
97.5%
100.3% -2.7%
97.8%
99.8% -1.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
36 39
YTD
2019
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
7.7%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 6.00 3.50
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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
BOONTON TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
13
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 25
16 -18.8%
$6,572,400 $8,373,374 -21.5%
YTD 2019
% CHANGE
29 -13.8%
$10,465,400 $16,132,374 -35.1%
MEDIAN SALE PRICE
$491,000
$546,250 -10.1%
$400,000
$550,000 -27.3%
AVERAGE SALE PRICE
$505,569
$523,335 -3.4%
$418,616
$556,288 -24.7%
88
53 66.0%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
97.3%
99.1% -1.8%
91
64 42.2%
96.0%
97.1% -1.1%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
ç
ç
25 28
YTD
2019
0 1
10.7%
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
26 4.17 6.24
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
∞
3 0.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
∞
3 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
BRIDGEWATER TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
106
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 203
171 -38.0%
$52,097,940 $82,474,424 -36.8%
YTD 2019
% CHANGE
260 -21.9%
$98,067,796 $124,508,064 -21.2%
MEDIAN SALE PRICE
$497,500
$448,000 11.0%
$475,000 $438,500 8.3%
AVERAGE SALE PRICE
$491,490 $482,306 1.9%
$483,093 $478,877 0.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
51
48 6.3%
98.3%
97.7% 0.6%
56
57 -1.8%
97.9%
97.6% 0.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
ç
ç
201 251
YTD
2019
2 9
19.9%
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
77.8%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
116 33.50 3.46
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 0.33 33.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
CALIFON SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020
% CHANGE
YTD 2020
YTD 2019
% CHANGE
7
1 600.0%
11
3 266.7%
$2,433,620
$345,000 605.4%
$3,523,620
$1,033,000 241.1%
$345,000 15.7%
$310,000
$345,000 -10.1%
$320,329
$344,333 -7.0%
HOMES SOLD TOTAL DOLLAR VOLUME
Q2 2019
MEDIAN SALE PRICE
$399,000
AVERAGE SALE PRICE
$347,660 $345,000 0.8%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
97.7%
79
74 13.5%
84
94.5% 3.3%
125 -36.8%
97.9%
98.0% -0.1%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
11 3
YTD
2019
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
266.7%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 1.83 3.27
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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
CHATHAM BORO SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
22
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 35
36 -38.9%
$19,121,250 $30,982,250 -38.3%
YTD 2019
% CHANGE
53 -34.0%
$28,802,550 $44,839,048 -35.8%
MEDIAN SALE PRICE
$752,500
$778,075 -3.3%
$685,000
$749,500 -8.6%
AVERAGE SALE PRICE
$869,147 $860,618 1.0%
$822,930
$846,019 -2.7%
AVERAGE DAYS ON MARKET
45 13.3%
56
53 5.7%
97.8% 0.3%
97.4%
97.7% -0.4%
51
% SALES PRICE TO LIST PRICE
98.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
10 11
YTD
2020
YTD
2019
0 1
% CHANGE
YTD
2020
YTD
2019
% CHANGE
0 0
NC
100.0%
9.1%
39.0%
$3,000,000 AND UP
ç
ç
ç
25 41
YTD
2019
$2,000,000-$2,999,999
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 4.17 5.28
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 1.67 13.20
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
∞
3 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
CHATHAM TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
38
TOTAL DOLLAR VOLUME
YTD 2020
YTD 2019
63
59 -35.6%
% CHANGE
95 -33.7%
$42,325,852 $61,511,996 -31.2%
$70,986,128 $100,743,496 -29.5%
$960,000 $965,000 -0.5%
$960,000 $935,000 2.7%
$1,113,838 $1,042,576 6.8%
$1,126,763 $1,060,457 6.3%
MEDIAN SALE PRICE AVERAGE SALE PRICE
% CHANGE
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
49
48 2.1%
98.0%
97.7% 0.3%
52
58 -10.3%
97.4%
97.2% 0.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2019
% CHANGE
31.4%
YTD
2020
YTD
2019
11 9
51.4%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
17 35
ç
35 51
YTD
2020
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
22.2%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
30 5.83 5.14
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
31 2.83 10.94
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
11 1.83 6.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
∞
1 0.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
CHESTER BORO SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
3
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 8
7 -57.1%
$1,730,000 $4,454,900 -61.2%
YTD 2019
% CHANGE
14 -42.9%
$3,632,000 $8,041,400 -54.8%
MEDIAN SALE PRICE
$550,000
$680,000 -19.1%
$407,500
$545,000 -25.2%
AVERAGE SALE PRICE
$576,666
$636,414 -9.4%
$454,000
$574,385 -21.0%
76
58 31.0%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.9%
97.3% 1.6%
80
83 -3.6%
98.1%
96.7% 1.4%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
8 14
YTD
2019
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
42.9%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 1.33 12.00
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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
CHESTER TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
26
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 48
28 -7.1%
$19,115,650 $19,130,400 -0.1%
YTD 2019
% CHANGE
51 -5.9%
$30,688,358 $34,958,300 -12.2% $654,500 $647,000 1.2%
MEDIAN SALE PRICE
$740,625
AVERAGE SALE PRICE
$735,217 $683,228 7.6%
$639,340
$685,456 -6.7%
68 32.4%
92
74 24.3%
AVERAGE DAYS ON MARKET
$650,000 13.9%
90
% SALES PRICE TO LIST PRICE
97.0%
96.5% 0.5%
97.1%
95.9% 1.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
NC
45 45
YTD
2019
3 6
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
50.0%
0.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
54 7.50 7.20
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 0.50 26.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
2 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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
CLINTON TOWN SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
8
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 20
9 -11.1%
$2,978,900 $2,705,000 10.1%
YTD 2019
% CHANGE
12 66.7%
$6,806,000 $3,882,000 75.3%
MEDIAN SALE PRICE
$370,000
$335,000 10.4%
$346,750
AVERAGE SALE PRICE
$372,362
$300,555 23.9%
$340,300 $323,500 5.2%
AVERAGE DAYS ON MARKET
29
101 -71.3%
% SALES PRICE TO LIST PRICE
98.6%
97.5% 1.1%
$349,000 -0.6%
54
89 -39.3%
98.2%
98.1% 0.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
20 12
YTD
2019
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
66.7%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 3.33 4.80
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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
CLINTON TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
71
% CHANGE
YTD 2020 98
50 42.0%
% CHANGE
YTD 2019
80 22.5%
$32,992,670 $21,031,564 56.9%
$42,381,972 $32,690,138 29.6%
MEDIAN SALE PRICE
$450,000 $419,850 7.2%
$415,000 $414,350 0.2%
AVERAGE SALE PRICE
$464,685
$432,469 $408,626 5.8%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
70
% SALES PRICE TO LIST PRICE
97.7%
$420,631 10.5%
65
34 105.9% 98.0% -0.4%
53 21.9%
97.5%
97.3% 0.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
98 80
% CHANGE
YTD
2019
NC
0 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
22.5%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
44 16.33 2.69
INVENTORY
AVG SALES PER MONTH
1 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
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
FAR HILLS SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
4
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 7
4 0.0%
$2,156,000 $2,559,750 -15.8%
YTD 2019
% CHANGE
10 -30.0%
$5,426,000 $6,746,427 -19.6%
MEDIAN SALE PRICE
$530,000
$732,500 -27.6%
$685,000 $677,500 1.1%
AVERAGE SALE PRICE
$539,000
$639,937 -15.8%
$775,142
AVERAGE DAYS ON MARKET
86
189 -54.5%
118
130 -9.2%
% SALES PRICE TO LIST PRICE
96.0%
90.5% 6.0%
91.3%
93.0% -1.7%
$674,642 14.9%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
6 9
YTD
2019
% CHANGE NC
1 1
33.3%
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 1.00 6.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.17 24.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
FLORHAM PARK SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
18
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 35
31 -41.9%
$12,171,000 $21,090,904 -42.3%
YTD 2019
% CHANGE
61 -42.6%
$24,397,552 $45,141,220 -46.0%
MEDIAN SALE PRICE
$680,000
$599,000 13.5%
$675,000 $625,000 8.0%
AVERAGE SALE PRICE
$676,166
$680,351 -0.6%
$697,072
51
40 27.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.1%
97.2% 0.9%
$740,020 -5.8%
51
64 -20.3%
97.4%
96.8% 0.6%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
4 9
39.2%
YTD
2020
YTD
2019
0 1
55.6%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
31 51
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 5.17 5.42
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 0.67 19.50
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
HARDING TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
15
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 31
9 66.7%
$22,026,444 $11,995,000 83.6%
% CHANGE
YTD 2019
22 40.9%
$39,054,696 $27,677,000 41.1%
MEDIAN SALE PRICE
$1,266,000 $1,425,000 -11.2%
$1,150,000
AVERAGE SALE PRICE
$1,468,429 $1,332,777 10.2%
$1,259,828 $1,258,045 0.1%
AVERAGE DAYS ON MARKET
72
% SALES PRICE TO LIST PRICE
96.3%
102
201 -64.2% 91.3% 5.5%
$929,500 23.7%
151 -32.5%
94.3%
90.7% 4.0%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2019
4 3
133.3%
8.3%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
14 6
YTD
2020
ç
ç
ç
13 12
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
0 1
100.0%
33.3%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 2.17 3.23
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 2.33 6.86
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 0.67 6.00
INVENTORY
AVG SALES PER MONTH
7 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
LEBANON BORO SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
1
% CHANGE
YTD 2020 5
11 -90.9%
% CHANGE
YTD 2019
12 -58.3%
TOTAL DOLLAR VOLUME
$300,000 $2,981,900 -89.9%
$1,378,000 $3,145,900 -56.2%
MEDIAN SALE PRICE
$300,000 $280,000 7.1%
$286,000 $271,500 5.3%
AVERAGE SALE PRICE
$300,000
$271,081 10.7%
$275,600 $262,158 5.1%
AVERAGE DAYS ON MARKET
12
75 -84.0%
% SALES PRICE TO LIST PRICE
107.2%
98.9% 8.4%
53
68 -22.1%
98.4%
98.9% -0.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
5 12
$2,000,000-$2,999,999
% CHANGE
YTD
2019
YTD
2020
NC
0 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
58.3%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 0.83 7.20
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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
LEBANON TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
19
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 38
17 11.8%
$8,430,800 $6,463,473 30.4%
YTD 2019
% CHANGE
32 18.8%
$15,673,433 $10,893,473 43.9%
MEDIAN SALE PRICE
$385,000
$390,000 -1.3%
$405,000
$330,500 22.5%
AVERAGE SALE PRICE
$443,726
$380,204 16.7%
$412,458
$340,421 21.2%
52
61 -14.8%
80
69 15.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
97.5%
98.1% -0.6%
96.0%
98.0% -2.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
37 32
YTD
2019
$2,000,000-$2,999,999
1 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
15.6%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 6.17 2.43
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.17 6.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
LONG HILL TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
15
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 40
26 -42.3%
$9,164,000 $13,173,900 -30.4%
YTD 2019
% CHANGE
44 -9.1%
$21,319,000 $22,009,400 -3.1%
MEDIAN SALE PRICE
$649,000
$472,500 37.4%
$482,500 $470,000 2.7%
AVERAGE SALE PRICE
$610,933
$506,688 20.6%
$532,975 $500,213 6.5%
AVERAGE DAYS ON MARKET
100
53 88.7%
% SALES PRICE TO LIST PRICE
97.3%
96.2% 1.1%
91
57 59.6%
97.0%
96.0% 1.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
39 44
YTD
2019
1 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
11.4%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
37 6.50 5.69
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.17 24.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MADISON SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
33
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 72
36 -8.3%
$28,585,000 $33,360,100 -14.3%
YTD 2019
% CHANGE
54 33.3%
$59,189,400 $47,924,600 23.5%
MEDIAN SALE PRICE
$779,000
$835,250 -6.7%
$712,000
$801,278 -11.1%
AVERAGE SALE PRICE
$866,212
$926,669 -6.5%
$822,075
$887,492 -7.4%
63 -15.9%
64
69 -7.6%
97.4% 0.4%
96.9%
97.3% -0.5%
AVERAGE DAYS ON MARKET
53
% SALES PRICE TO LIST PRICE
97.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
11 16
YTD
2020
YTD
2019
2 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
59 38
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
31.3%
55.3%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
35 9.83 3.56
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
27 1.83 14.73
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.67 4.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MAPLEWOOD SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
72
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 136
120 -40.0%
$44,176,300 $73,859,752 -40.2%
YTD 2019
% CHANGE
187 -27.3%
$80,780,320 $110,984,784 -27.2%
MEDIAN SALE PRICE
$613,500
$615,500 -0.3%
$545,000 $605,000 -9.9%
AVERAGE SALE PRICE
$613,559
$615,497 -0.3%
$593,972 $593,501 0.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.2%
35
37 -24.3%
28
101.8% -0.5%
40 -12.5%
101.6%
101.3% 0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
129 174
YTD
2019
7 13
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
46.2%
25.9%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
43 21.50 2.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 1.17 0.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MENDHAM BORO SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
21
% CHANGE
YTD 2020
YTD 2019
31
16 31.3%
% CHANGE
32 -3.1%
$12,993,200 $10,519,499 23.5%
$18,257,200 $21,826,000 -16.4%
MEDIAN SALE PRICE
$655,000 $606,250 8.0%
$575,000 $623,750 -7.8%
AVERAGE SALE PRICE
$618,723
$588,941
TOTAL DOLLAR VOLUME
$657,468 -5.9%
AVERAGE DAYS ON MARKET
55
% SALES PRICE TO LIST PRICE
95.7%
$682,062 -13.7%
68 -19.1%
87
83 4.8%
95.0% 0.8%
96.1%
95.2% 0.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
31 30
YTD
2019
0 2
3.3%
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 5.17 5.42
INVENTORY
AVG SALES PER MONTH
10 0.00
MONTH’S SUPPLY
∞
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
2 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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MENDHAM TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
31
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 54
29 6.9%
$25,628,400 $28,699,500 -10.7%
YTD 2019
% CHANGE
46 17.4%
$40,552,548 $42,377,648 -4.3%
MEDIAN SALE PRICE
$770,000
$925,000 -16.8%
$652,500
$845,000 -22.8%
AVERAGE SALE PRICE
$826,722
$989,637 -16.5%
$750,973
$921,253 -18.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
96.0%
77
64 20.3%
77
95.7% 0.3%
68 13.2%
95.5%
95.4% 0.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
12 13
YTD
2020
YTD
2019
0 2
7.7%
35.5%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
42 31
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
36 7.00 5.14
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
20 2.00 10.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MILLBURN SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
75
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 128
88 -14.8%
$98,174,088 $116,368,848 -15.6%
YTD 2019
% CHANGE
131 -2.3%
$165,377,056 $161,120,960
2.6%
MEDIAN SALE PRICE
$1,200,000 $1,133,000 5.9%
$1,176,250 $1,180,000 -0.3%
AVERAGE SALE PRICE
$1,308,987 $1,322,373 -1.0%
$1,292,008 $1,229,931 5.0%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
50
48 4.2%
97.2%
96.6% 0.7%
63
54 16.7%
97.32%
96.1% 1.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2019
19 13
3.7%
9.7%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
52 54
YTD
2020
$3,000,000 AND UP
ç
ç
ç
56 62
YTD
2019
$2,000,000-$2,999,999
1 2
50.0%
46.2%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 9.33 3.11
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
47 8.67 5.42
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
17 3.17 5.37
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 0.17 72.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MORRIS PLAINS SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
19
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 36
23 -17.4%
$9,474,400 $11,687,514 -18.9%
% CHANGE
YTD 2019
38 -5.3%
$17,673,068 $18,786,414 -5.9%
MEDIAN SALE PRICE
$481,900 $515,000 -6.4%
$484,284
$515,000 -6.0%
AVERAGE SALE PRICE
$498,652 $508,152 -1.9%
$490,918
$494,379 -0.7%
23 121.7%
52
38 36.8%
AVERAGE DAYS ON MARKET
51
% SALES PRICE TO LIST PRICE
99.0%
99.6% -0.6%
98.0%
99.4% -1.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
36 38
$2,000,000-$2,999,999
% CHANGE
YTD
2019
YTD
2020
NC
0 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
5.3%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 6.00 2.67
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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MORRIS TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
64
% CHANGE
YTD 2020
YTD 2019
129
96 -33.3%
% CHANGE
144 -10.4%
$41,288,528 $59,507,280 -30.6%
$81,149,872 $89,329,848 -9.2%
MEDIAN SALE PRICE
$607,500 $572,450 6.1%
$600,000 $585,000 2.6%
AVERAGE SALE PRICE
$645,133 $619,867 4.1%
$629,068 $620,346 1.4%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
48 -4.2%
51
55 -7.3%
97.1% 1.0%
97.8%
97.2% 0.6%
46
% SALES PRICE TO LIST PRICE
98.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
8 7
11.0%
YTD
2020
YTD
2019
0 1
14.3%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
121 136
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
73 20.17 3.62
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 1.33 7.50
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
MORRISTOWN SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
28
% CHANGE
YTD 2020
YTD 2019
61
42 -33.3%
% CHANGE
67 -9.0%
$12,501,520 $21,006,954 -40.5%
$28,973,820 $32,292,756 -10.3%
MEDIAN SALE PRICE
$417,500 $410,500 1.7%
$435,000 $431,000 0.9%
AVERAGE SALE PRICE
$446,482
$500,165 -10.7%
$474,980
$481,981 -1.5%
AVERAGE DAYS ON MARKET
27
38 -28.9%
41
43 -4.7%
% SALES PRICE TO LIST PRICE
98.3%
TOTAL DOLLAR VOLUME
97.0% 1.4%
97.5%
97.4% 0.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
2 1
YTD
2020
YTD
2019
0 1
100.0%
9.2%
% CHANGE
YTD
2020
ç
ç
ç
59 65
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
38 9.83 3.86
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 0.33 36.00
$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
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Source: GSMLS 7/9/20 & Trendgraphix
MOUNTAIN LAKES SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
16
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2019
31
28 -42.9%
$16,994,500 $23,610,400 -28.0%
% CHANGE
35 -11.4%
$26,373,750 $28,130,400 -6.2%
$925,000
$785,000 17.8%
$682,000
$1,062,156
$843,228 26.0%
$850,766 $803,725 5.9%
71
82 -13.4%
87
86 1.2%
94.3% -0.3%
95.0%
94.5% 0.5%
MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2020
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
94.0%
$720,000 -5.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
11.1%
YTD
2020
YTD
2019
1 0
% CHANGE
YTD
2020
ç
6 8
ç
ç
24 27
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
25.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
25 4.00 6.25
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 1.00 10.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.17 18.00
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Source: GSMLS 7/9/20 & Trendgraphix
NEW PROVIDENCE SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
26
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 52
48 -45.8%
$16,991,000 $28,921,000 -41.3%
YTD 2019
% CHANGE
68 -23.5%
$35,016,000 $40,620,400 -13.8%
MEDIAN SALE PRICE
$660,000
$572,500 15.3%
$647,500
$583,000 11.1%
AVERAGE SALE PRICE
$653,500 $602,520 8.5%
$673,384
$597,358 12.7%
AVERAGE DAYS ON MARKET
41 -4.9%
52
50 4.0%
98.2% 0.1%
97.7%
97.9% -0.1%
39
% SALES PRICE TO LIST PRICE
98.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
49 66
YTD
2019
3 2
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
50.0%
25.8%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 8.17 3.43
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 0.50 14.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
PEAPACK-GLADSTONE SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
6
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 13
10 -40.0%
$3,520,000 $6,879,500 -48.8%
YTD 2019
% CHANGE
17 -23.5%
$10,575,999 $11,613,500 -8.9%
MEDIAN SALE PRICE
$582,500
$638,500 -8.8%
$660,000 $640,000 3.1%
AVERAGE SALE PRICE
$586,666
$687,950 -14.7%
$813,538
AVERAGE DAYS ON MARKET
75 14.7%
92
94 -2.1%
96.3% -1.0%
91.5%
96.7% -5.3%
86
% SALES PRICE TO LIST PRICE
95.3%
$683,147 19.1%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE NC
1 1
YTD
2020
YTD
2019
1 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
11 16
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
0.0%
31.3%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 1.83 6.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.17 24.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.17 6.00
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
RANDOLPH TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
50
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 109
93 -46.2%
$27,914,800 $51,182,544 -45.5%
YTD 2019
% CHANGE
137 -20.4%
$54,298,264 $71,871,616 -24.5%
MEDIAN SALE PRICE
$562,500 $527,000 6.7%
$480,000
$520,000 -7.7%
AVERAGE SALE PRICE
$558,296 $550,349 1.4%
$498,149
$524,610 -5.0%
49
46 6.5%
58
51 13.5%
98.1%
97.8% 0.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.0%
97.4% 0.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2019
% CHANGE
ç
1 3
ç
108 134
YTD
2020
19.4%
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
66.7%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
68 18.00 3.78
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.17 18.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
READINGTON TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
48
% CHANGE
YTD 2020
YTD 2019
108
67 -28.4%
% CHANGE
104 3.8%
$21,216,864 $27,246,458 -22.1%
$47,299,556 $44,070,468 7.3%
MEDIAN SALE PRICE
$382,500 $420,000 -8.9%
$445,000 $425,000 4.7%
AVERAGE SALE PRICE
$442,018 $406,663 8.7%
$437,958 $423,754 3.4%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
47
% SALES PRICE TO LIST PRICE
98.8%
65
66 -28.8% 98.0% 0.9%
71 -8.5%
99.0%
97.3% 1.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
108 104
YTD
2019
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
3.8%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
84 18.00 4.67
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
2 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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
SUMMIT SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
62
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 119
69 -10.1%
$63,991,800 $74,861,152 -14.5%
AVERAGE SALE PRICE
$1,032,125 $1,084,944 -4.9%
AVERAGE DAYS ON MARKET
96.7%
111 7.2%
$860,000
$955,000 -9.9%
$985,135 $1,072,937 -8.2%
44 -20.5%
58
47 23.4%
97.5% -0.8%
96.5%
97.2% -0.6%
35
% SALES PRICE TO LIST PRICE
% CHANGE
$117,231,152 $119,096,008 -1.6%
$881,250 $1,025,000 -14.0%
MEDIAN SALE PRICE
YTD 2019
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2019
4 5
14.3%
6.5%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
48 42
YTD
2020
$3,000,000 AND UP
ç
ç
ç
66 62
YTD
2019
$2,000,000-$2,999,999
1 2
20.0%
50.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
35 11.00 3.18
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
32 8.00 4.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
12 0.67 18.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.17 18.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
TEWKSBURY TWP. SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
28
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020
YTD 2019
% CHANGE
28 0.0%
57
45
26.7%
$17,768,600 $18,235,950 -2.6%
$34,075,208 $34,355,352 -0.8%
MEDIAN SALE PRICE
$599,500 $617,500 -2.9%
$575,000
$595,000 -3.4%
AVERAGE SALE PRICE
$634,592 $651,283 -2.6%
$597,810
$763,452 -21.7%
142 -39.4%
95
121 -21.5%
AVERAGE DAYS ON MARKET
86
% SALES PRICE TO LIST PRICE
96.5%
94.1% 2.6%
96.7%
94.0% 2.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
3 4
35.0%
YTD
2020
YTD
2019
0 0
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
ç
ç
ç
54 40
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
0 1
100.0%
25.0%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
43 9.00 4.78
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 0.50 30.00
$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
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
WARREN SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
36
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020
YTD 2019
% CHANGE
41 -12.2%
76
75
1.3%
$27,777,880 $34,287,648 -19.0%
$57,113,716 $60,360,172 -5.4%
MEDIAN SALE PRICE
$710,000
$850,000 -16.5%
$722,500
$799,000 -9.6%
AVERAGE SALE PRICE
$771,607 $836,284 -7.7%
$751,496
$804,802 -6.6%
AVERAGE DAYS ON MARKET
69 24.6%
74
72 2.8%
97.1% -0.7%
96.2%
96.4% -0.3%
86
% SALES PRICE TO LIST PRICE
96.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
12 11
1.6%
YTD
2020
YTD
2019
0 1
% CHANGE
YTD
2020
ç
ç
ç
64 63
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100.0%
9.1%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
55 10.67 5.16
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 2.00 14.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
2 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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
71
% CHANGE
YTD 2020 119
64 10.9%
YTD 2019
% CHANGE
102
16.7%
$34,336,500 $28,965,540 18.5%
$56,017,408 $44,903,704 24.8%
MEDIAN SALE PRICE
$463,500 $457,450 1.3%
$456,500 $427,625 6.8%
AVERAGE SALE PRICE
$483,612 $452,586 6.9%
$470,734 $440,232 6.9%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
47 46.8%
75
60 25.0%
97.9% 0.0%
97.2%
97.6% -0.4%
69
% SALES PRICE TO LIST PRICE
97.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
118 102
YTD
2019
1 0
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
15.7%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
62 19.67 3.15
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.17 18.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
WATCHUNG SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
15
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020
YTD 2019
% CHANGE
28 -46.4%
2 8
36
-22.2%
$8,420,214 $23,798,000 -64.6%
$17,858,714 $29,101,000 -38.6%
MEDIAN SALE PRICE
$530,000
$720,500 -26.4%
$558,500
$671,500 -16.8%
AVERAGE SALE PRICE
$561,347
$849,928 -34.0%
$637,811
$808,361 -21.1%
AVERAGE DAYS ON MARKET
52
67 -22.4%
61
72 -15.3%
% SALES PRICE TO LIST PRICE
98.1%
96.6% 1.5%
95.9%
96.9% -1.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
26 28
YTD
2019
2 8
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
75.0%
7.1%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 4.33 4.38
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 0.33 24.00
$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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
WESTFIELD SECOND QUARTER MARKET REPORT 2020
Overview Q2 2020 HOMES SOLD
Q2 2019
109
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 197
125 -12.8%
$93,902,760 $102,701,056 -8.6%
YTD 2019
% CHANGE
197 0.0%
$164,395,664 $157,051,136
4.7%
MEDIAN SALE PRICE
$829,900 $785,000 5.7%
$770,000 $750,000 2.7%
AVERAGE SALE PRICE
$861,493 $821,608 4.9%
$834,495 $797,213 4.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
50
47 6.4%
59
55 7.3%
98.0%
97.3% 0.7%
97.9%
97.3% 0.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
ç
ç
146 160
YTD
2019
51 37
$2,000,000-$2,999,999 YTD
2020
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
37.8%
8.8%
Supply and Demand (as of June 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
76 24.33 3.12
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
46 8.50 5.41
$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
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/20 & Trendgraphix
Marketing houses is our job. Boosting this region is our business.
Connecting buyers and sellers is our passion. At Turpin, we go the extra mile to get the job done. We sell one type of home... yours.
www.TurpinRealtors.com Bernardsville 908-766-6500
Mendham 973-543-7400
Far Hills 908-234-9100
Chatham 973-635-5555
Oldwick 908-439-3300