NORTH CENTRAL NEW JERSEY
MARKET REPORT 2021 SECOND QUARTER
SECOND QUARTER MARKET REPORT 2021
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 7/9/21. 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.
CONTENTS
REGIONAL RESULTS – JUNE 2021 Essex and Union Counties (partial) Hunterdon County
Morris County Somersert County
RESULTS BY TOWN - 2021 SECOND QUARTER 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
Cover image: 263 Childs Rd, Bernards Twp.
Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
COMMENTARY RESULTS BY TOWN FOR THE YEAR TO DATE With the close of the second quarter, we are pleased to report that sales throughout our North Central New Jersey real estate market remain brisk. Buyer demand is strong in most market segments and the data suggest that home supply remains constrained. Though it feels as if the market has settled down a bit from its peak in April, in fact many towns are seeing even tighter supply in popular price ranges. Renewed interest in suburban living, attractive interest rates and limited inventory indicate that the current levels of activity are likely to continue through the second half of the year. Comparing second quarter performance to 2020 is problematic because the Spring 2020 lockdown, and its ensuing decline in home sales, have led to artificially inflated results. The near-200% spike in sales that is illustrated in our county charts in April is but one example, and should be viewed within this context. County-Level Performance for June 2021 In the month of June, inventory in the counties we studied was 30%-40% lower than the prior year, resulting in an across-the-board increase to median sale prices and a reduction in average days on market by half. Declines in contracts pended during June are almost certainly due to the inventory shortage, rather than a lack of demand. In terms of unit sales volume, the $1-2 million segment has shown tremendous improvement, though as supply tightens there is potential for a decline in transactions. Sales above $3 million are improving as well, which is a trend we hope will continue. Town Level Results for June 2021 At the town level, our second quarter report documents staggering year-over-year improvements, although as noted above, they are skewed by the unusual circumstances of 2020. •
For homes under $1 million, 71% of the towns we studied show fewer than 2 months’ supply of inventory as of June 30th. Chatham Borough, Harding, Mendham Borough, Mountain Lakes and Califon are especially tight, with less than one month of supply in this price range. For comparison, during the same period in 2019, none of the 39 towns in our study had fewer than two months’ supply.
•
The $1-2 million market continues to lead the way in year-over-year improvement, perhaps because the supply in this segment was better matched to the demand. Bernards Township, Chatham Borough, Madison, Mendham Township and Tewksbury all showed phenomenal gains, with many sales increases topping 300% versus year-to-date 2020; as compared to the same period in 2019, the improvement is still marked, ranging from 150-290%.
•
Activity above $2 million is increasing as well and we are hopeful that this momentum will continue as 2021 progresses. Year-to-date gains were posted in Bedminster (+3 units), Bernardsville (+6 units), Far Hills (+2 units) and Peapack-Gladstone (+1 unit), while Harding also improved significantly (11 sales as compared to 4 during the same period in 2020). In Chatham Borough, during the first half of 2021, five homes traded between $2-3 million; this equals the total sales volume of the preceding six years combined! Unsurprisingly, Summit and Millburn-Short Hills continued to set the bar in high-end home sales, with 5 and 7 year-to-date sales, respectively.
We are enthused by the strength of our current market and fascinated by the dynamics of this evolving real estate picture. Successfully matching buyers and sellers requires astute perspective and a broad-ranging skillset. At Turpin, we are focused on ensuring our team has the knowledge, training and support to help our clients thrive in the current climate—from accurate pricing strategies to best practices for promotion, PR and handling multiple bids.
John Turpin, President www.TurpinRealtors.com/Reports © 2021 Turpin Realtors
Source: GSMLS and TrendGraphix
ESSEX & UNION COUNTY MUNICIPALITIES* JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
300%
Change from Last Year
200%
100%
0%
ne Ju
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
De
c.
v. No
Oc t.
.
.
Se p
Au g
l. Ju
Ju
n.
y Ma
Ap r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1
/19
12
9
/19
10
8/1
9 6/1
9 4/1
9 2/1
/18
12
8
/18
10
8/1
6/1
8
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/16/21 & Trendgraphix
ESSEX & UNION COUNTY MUNICIPALITIES* JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES June 2021
% Change
Homes For Sale
620 940 -34%
New Listing
636 723 -12%
Contracts Pended
476 598 -20%
Homes Sold
589 327 80%
Days on Market
UNDER $1 MILLION June 2021
April 2020
April 2020
24
44
-45%
$1,000,000 - $1,999,999 MILLION % Change
June 2021
April 2020
% Change
Homes for Sale
357 657 -46%
Homes for Sale
127 223 -43%
New Listing
450 457 -2%
New Listing
116 134 -13%
Contracts Pended
381 287 33%
Contracts Pended
88
111 -21%
Homes Sold
265 213 24%
Homes Sold
148
63 135%
Days on Market
24
Days on Market
29
47 -38%
44 -45%
$2,000,000 - $2,999,999 MILLION June 2021
April 2020
$3 MILLION+
% Change
June 2021
April 2020
% Change
For Sale
32
59 -46%
For Sale
New Listing
17
29 -41%
New Listing
6
5
20%
Contracts Pended
14
15 -7%
Contracts Pended
4
3
33%
Homes Sold
26
5 420%
Homes Sold
3
3
NC
Days on Market
39
150 -74%
© 2021 Turpin Realtors
Days on Market
Subject to Errors and Omissions
24
15 60%
80 43 0%
Source: GSMLS 7/16/21 & Trendgraphix
HUNTERDON COUNTY
JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
150%
Change from Last Year
100%
50%
0%
-50%
ne Ju
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
De
c.
v. No
Oc t.
.
.
Se p
Au g
l. Ju
Ju
n.
y Ma
Ap r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
© 2021 Turpin Realtors
2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1
/19
12
9
/19
10
8/1
9 6/1
9 4/1
9 2/1
/18
12
8
/18
10
8/1
6/1
8
$0
Subject to Errors and Omissions
Source: GSMLS 7/16/21 & Trendgraphix
HUNTERDON COUNTY
JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES June 2021
% Change
Homes For Sale
364 609 -40%
New Listing
294 308 -5%
Contracts Pended
221 272 -19%
Homes Sold
235 147 60%
Days on Market
39
UNDER $1 MILLION June 2021
April 2020
April 2020
78
-50%
$1,000,000 - $1,999,999 MILLION % Change
June 2021
April 2020
% Change
Homes for Sale
364 609 -40%
Homes for Sale
36
40
-10%
New Listing
294 308 -5%
New Listing
16
7
129%
Contracts Pended
221 272 -19%
Contracts Pended
11
2
450%
Homes Sold
235 147 60%
Homes Sold
8
3
167%
Days on Market
39
78
-50%
Days on Market
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
June 2021
April 2020
% Change
For Sale
9
14
-36%
For Sale
New Listing
2
5
-60%
Contracts Pended
1
0
∞
Homes Sold
0
0
NC
Days on Market
© 2021 Turpin Realtors
122 137 -11%
NA NA NA
June 2021
April 2020
% Change
9
4
125%
New Listing
0
0
NC
Contracts Pended
0
0
NC
Homes Sold
0
0
NC
Days on Market
Subject to Errors and Omissions
NA NA NA
Source: GSMLS 7/16/21 & Trendgraphix
MORRIS COUNTY
JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
Change from Last Year
200%
100%
0%
ne Ju
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
De
c.
v. No
Oc t.
.
.
Se p
Au g
l. Ju
Ju
n.
y Ma
Ap r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
© 2021 Turpin Realtors
2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1
/19
12
9
/19
10
8/1
9 6/1
9 4/1
9 2/1
/18
12
8
/18
10
8/1
6/1
8
$0
Subject to Errors and Omissions
Source: GSMLS 7/16/21 & Trendgraphix
MORRIS COUNTY
JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES June 2021 Homes For Sale
% Change
1089 1708 -36%
New Listing
990
1076
-8%
Contracts Pended
776
881
-12%
Homes Sold
836
494
69%
30
55
-45%
Days on Market
UNDER $1 MILLION June 2021
April 2020
April 2020
$1,000,000 - $1,999,999 MILLION % Change
June 2021
April 2020
% Change
Homes for Sale
892 1407 -37%
Homes for Sale
New Listing
897 934 -4%
New Listing
71
120
-41%
Contracts Pended
704 819 -14%
Contracts Pended
63
58
9%
Homes Sold
728 453 61%
Homes Sold
90
33
173%
Days on Market
59
83
-29%
April 2020
% Change
Days on Market
26
53
-51%
141 243 -42%
$2,000,000 - $2,999,999 MILLION June 2021
April 2020
% Change
For Sale
36
New Listing
16 16 0%
Contracts Pended
8
41 -12%
3
167%
Homes Sold
11
8 38%
Days on Market
41
66 -38%
© 2021 Turpin Realtors
$3 MILLION+ June 2021 For Sale
20
17 18%
New Listing
6
6
0%
Contracts Pended
1
1
0%
Homes Sold
7
0
N/A
Days on Market
Subject to Errors and Omissions
85 NA NA
Source: GSMLS 7/16/21 & Trendgraphix
SOMERSET COUNTY
JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES
YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021
Homes for Sale
New Listings
Homes Sold
Contracts Pended
Change from Last Year
200%
100%
0%
ne Ju
y Ma
Ap r.
r. Ma
. Fe b
n. Ja
c. De
v. No
Oc t.
. Se p
. Au g
l. Ju
Ju
n.
y Ma
Ap r.
-100%
MEDIAN SOLD PRICE - ALL PRICES Past 3 Years
$800,000
Median Sold Price
$600,000
$400,000
$200,000
© 2021 Turpin Realtors
2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1
/19
12
9
9
/19
10
8/1
6/1
9 4/1
9 2/1
/18
12
8
/18
10
8/1
6/1
8
$0
Subject to Errors and Omissions
Source: GSMLS 7/16/21 & Trendgraphix
SOMERSET COUNTY
JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE
ALL PRICES June 2021
April 2020
Homes For Sale
713 1041 -32%
New Listing
692 649 7%
Contracts Pended
531 530 0.2%
Homes Sold
567 292 94%
Days on Market
28
58
UNDER $1 MILLION June 2021
% Change
April 2020
-52%
$1,000,000 - $1,999,999 % Change
June 2021
April 2020
% Change
Homes for Sale
572 853 -33%
Homes for Sale
New Listing
628 583 8%
New Listing
57
60
-5%
Contracts Pended
493
Contracts Pended
35
21
0.667
Homes Sold
511 280 83%
Homes Sold
51
12
325%
Days on Market
38
146
-74%
April 2020
% Change
Days on Market
27
506 -0.026
55
-51%
104 156 -33%
$2,000,000 - $2,999,999 June 2021
$3 MILLION+
April 2020
% Change
20
21
-5%
For Sale
New Listing
5
4
25%
New Listing
2
2
NC
Contracts Pended
3
2
50%
Contracts Pended
0
1
-100%
Homes Sold
3
0
∞
Homes Sold
2
0
∞
For Sale
Days on Market
© 2021 Turpin Realtors
208 NA NA
June 2021
Days on Market
Subject to Errors and Omissions
17
11 55%
27 NA NA
Source: GSMLS 7/16/21 & Trendgraphix
BEDMINSTER SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
66
% CHANGE
YTD 2021
YTD 2020
127
38 73.7%
% CHANGE
79 60.8%
$35,463,100 $15,583,000 127.6%
$63,720,132
$31,065,800
105.1%
MEDIAN SALE PRICE
$396,250 $364,000 8.9%
$362,500
$342,500
5.8%
AVERAGE SALE PRICE
$537,319 $410,078 31%
$501,733
$393,237
27.6%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
28
% SALES PRICE TO LIST PRICE
99.3%
67 -58.2%
43
58 -26.1%
97.7% 1.6%
98%
97.5% 0.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE NC
1 1
57.7%
YTD
2021
YTD
2020
3 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
123 78
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
0%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 20.50 1.41
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 0.17 36.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
5 0.50 10.00
INVENTORY
AVG SALES PER MONTH
8 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
BERKELEY HEIGHTS SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
82
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 122
31 164.5%
$57,084,320 $18,758,000 204.3%
YTD 2020
% CHANGE
64 90.6%
$81,883,816
$36,769,752
122.7%
MEDIAN SALE PRICE
$677,500
$605,000
12%
$651,000
$586,250
11%
AVERAGE SALE PRICE
$696,150
$605,096
15%
$671,178
$574,527
16.8%
31
59
-47.5%
35
71
-50.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.2%
98.9% 3.3%
101.4%
98% 3.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
117 64
YTD
2020
5 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
82.8%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 19.50 1.44
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.83 2.40
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
BERNARDS TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
157
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 247
82 91.5%
$120,340,456 $52,019,036 131.3%
YTD 2020
% CHANGE
158 56.3%
$178,082,544 $99,001,512 79.9%
MEDIAN SALE PRICE
$695,000
$599,450
15.9%
$635,000
$590,000
7.6%
AVERAGE SALE PRICE
$766,499
$634,378
20.8%
$720,981
$626,591
15.1%
28
66
-57.6%
36
74
-51.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.5%
96.8% 3.8%
100%
96.4% 3.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
51 11
YTD
2021
YTD
2020
2 1
363.6%
32.9%
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
194 146
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
100%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
56 32.33 1.73
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
26 8.50 3.06
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 0.33 12.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
BERNARDSVILLE SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
72
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 113
31 132.3%
$67,820,472 $24,889,228 172.5%
YTD 2020
% CHANGE
53 113.2%
$104,995,424 $39,850,896 163.5%
MEDIAN SALE PRICE
$785,100
$615,000 27.7%
$775,000
$595,000
30.3%
AVERAGE SALE PRICE
$941,951
$802,878 17.3%
$929,163
$751,903
23.6%
64
88 -27.3%
81
93
-12.9%
99%
91.8% 7.8%
98.1%
93.2%
5.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
102.5%
YTD
2020
4 0
% CHANGE
YTD
2021
YTD
2020
% CHANGE
2 0
ç
26 13
YTD
2021
$3,000,000 AND UP
ç
ç
ç
81 40
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 13.50 1.56
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 4.33 3.92
$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
MONTH’S SUPPLY
4 0.33 12.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
BOONTON TOWN SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
34
21
61.9%
$17,158,900
$9,723,025
76.5%
$22,986,900
$15,921,525
44.4%
MEDIAN SALE PRICE
$500,000
$433,000
15.5%
$485,000
$427,000
13.6%
AVERAGE SALE PRICE
$504,673
$463,001
9%
$489,082
$442,264
10.6%
29
72
-59.7%
30
64
-53.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.6%
YTD 2021
YTD 2020
47
97.5% 5.2%
% CHANGE
36 30.6%
102.1%
97.8% 4.4%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
47 36
YTD
2020
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
30.6%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 7.83 1.02
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
BOONTON TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
11
TOTAL DOLLAR VOLUME
$8,979,150
% CHANGE
YTD 2021 29
13 -15.4% $6,572,400
36.6%
YTD 2020
% CHANGE
25 16%
$21,080,050 $10,465,400 101.4%
MEDIAN SALE PRICE
$750,000
$491,000 52.7%
$721,500
$400,000 80.4%
AVERAGE SALE PRICE
$816,286
$505,569 61.5%
$726,898
$418,616 73.6%
AVERAGE DAYS ON MARKET
24
88 -72.7%
59
91 -35.2%
% SALES PRICE TO LIST PRICE
99.6%
97.3% 2.3%
98.4%
96.0% 2.5%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
ç
ç
27 25
YTD
2021
2 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
8%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 4.50 2.22
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.33 15.00
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
BRIDGEWATER TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
174
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021
YTD 2020
291
106 64.2%
% CHANGE
203 43.3%
$159,908,368 $98,067,796 63.1%
$97,586,576
$52,097,940
87.3%
MEDIAN SALE PRICE
$538,500
$497,500
8.2%
$527,000
$475,000
10.9%
AVERAGE SALE PRICE
$560,842
$491,490
14.1%
$549,513
$483,093
13.7%
21
51
-58.8%
34
56
-39.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.4%
98.3% 4.2%
101.5%
97.9% 3.7%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
ç
9 2
ç
282 201
YTD
2021
40.3%
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
350%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
81 47.00 1.72
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 1.50 3.33
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
CALIFON SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
13
TOTAL DOLLAR VOLUME
$5,374,650
% CHANGE
YTD 2021 20
7 85.7% $2,433,620
120.9%
YTD 2020
$7,748,270
% CHANGE
11 81.8% $3,523,620
119.9%
MEDIAN SALE PRICE
$440,000
$399,000 10.3%
$399,500
$310,000 28.9%
AVERAGE SALE PRICE
$413,434
$347,660 18.9%
$387,413
$320,329 20.9%
20
84 -76.2%
25
79 -68.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101%
97.7% 3.4%
100.8%
97.9% 2.9%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
20 11
YTD
2020
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
81.8%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 3.33 0.90
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
CHATHAM BORO SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
62
22
181.8%
$67,026,508
$19,121,250
250.5%
$112,653,104 $28,802,550 291.1%
$992,500
$752,500
31.9%
$1,100,000 $685,000 60.6%
$1,081,072 $869,147 24.4%
$1,072,886 $822,930 30.4%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET
105
% CHANGE
35 200%
39
56
-30.4%
98% 2.1%
100%
97.4%
2.6%
51
100.1%
YTD 2020
-41.2%
30
% SALES PRICE TO LIST PRICE
YTD 2021
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
43 10
YTD
2021
YTD
2020
5 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
57 25
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
330%
128%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 9.50 0.84
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 7.17 0.84
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.83 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
CHATHAM TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
58
38
52.6%
$66,894,820
$42,325,852
58%
$118,926,568 $70,986,128 67.5%
MEDIAN SALE PRICE
$1,154,000 $960,000 20.2%
$1,200,000 $960,000 25%
AVERAGE SALE PRICE
$1,153,359 $1,113,838 3.5%
$1,154,626 $1,126,763 2.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
103
% CHANGE
63 63.5%
33
52
-36.5%
98% 2.3%
99.8%
97.4%
2.4%
49
100.3%
YTD 2020
-40.8%
29
% SALES PRICE TO LIST PRICE
YTD 2021
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
37.1%
YTD
2020
10 11
152.9%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
2 0
ç
43 17
YTD
2021
$3,000,000 AND UP
ç
ç
ç
48 35
YTD
2020
$2,000,000-$2,999,999
9.1%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 8.00 2.63
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 7.17 1.53
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
8 1.67 4.80
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.33 0.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
CHESTER BORO SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
5
3
66.7%
$3,109,900
$1,730,000
79.8%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE
$621,000
AVERAGE SALE PRICE
$621,980 $576,666 7.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
$550,000 12.9%
30
76 -60.5%
83.9%
98.9% -15.2%
YTD 2020
% CHANGE
9
8
12.5%
$5,256,900
$3,632,000
44.7%
YTD 2021
$587,000 $407,500 44% $584,100
$454,000 28.7%
40
80 -50%
80.9%
98.1% -17.5%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
9 8
YTD
2020
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
12.5%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 1.50 3.33
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
CHESTER TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
49
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 83
26 88.5%
$43,549,304 $19,115,650 127.8%
YTD 2020
% CHANGE
48 72.9%
$67,512,608 $30,688,358 120%
MEDIAN SALE PRICE
$858,000
$740,625 15.8%
$725,000
$654,500 10.8%
AVERAGE SALE PRICE
$888,761
$735,217 20.9%
$813,404
$639,340 27.2%
AVERAGE DAYS ON MARKET
59
90 -34.4%
71
92 -22.8%
% SALES PRICE TO LIST PRICE
99.7%
97% 2.7%
99.3%
97.1% 2.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
20 3
YTD
2021
YTD
2020
1 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
62 45
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
566.7%
37.8%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 10.33 1.35
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 3.33 1.80
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
CLINTON TOWN SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
8
8
0%
$2,978,900
YTD 2020
% CHANGE
23
20
15%
17.1%
$9,393,500
$6,806,000
38%
MEDIAN SALE PRICE
$393,500 $370,000 6.4%
$365,000
$346,750
5.3%
AVERAGE SALE PRICE
$436,125
$372,362 17.1%
$408,413
$340,300
20%
AVERAGE DAYS ON MARKET
24
29 -17.2%
29
54
-46.3%
% SALES PRICE TO LIST PRICE
103.4%
HOMES SOLD TOTAL DOLLAR VOLUME
$3,489,000
98.6% 4.9%
YTD 2021
100.1%
98.2% 1.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
ç
23 20
YTD
2021
YTD
2020
% CHANGE NC
0 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
15%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 3.83 2.61
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
CLINTON TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
68
71
-4.2%
$35,587,216
$32,992,670
7.9%
$61,608,460
$42,381,972
45.4%
MEDIAN SALE PRICE
$502,500
$450,000
11.7%
$490,000
$415,000
18.1%
AVERAGE SALE PRICE
$523,341
$464,685
12.6%
$509,160
$432,469
17.7%
22
70
-68.6%
34
65
-47.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.7%
97.7% 4.1%
YTD 2021
% CHANGE
YTD 2020
121
98 23.5%
100.7%
97.5% 3.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
119 98
YTD
2020
2 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
21.4%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
25 19.83 1.26
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.33 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
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
FAR HILLS SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
8
4
100%
$9,767,000
$2,156,000
$688,500
$530,000
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
$1,220,875
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2020
% CHANGE
13
7
85.7%
353%
$14,870,497
$5,426,000
174.1%
29.9%
$737,000
$685,000
7.6%
$539,000 126.5%
YTD 2021
$1,143,884 $775,142 47.6%
97
86
12.8%
95
118
-19.5%
95.1%
96%
-0.9%
92.9%
91.3%
1.7%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
50%
YTD
2020
1 0
% CHANGE
YTD
2021
YTD
2020
% CHANGE
1 0
ç
2 1
YTD
2021
$3,000,000 AND UP
ç
ç
ç
9 6
YTD
2021
$2,000,000-$2,999,999
100%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 1.50 2.67
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.33 0.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.17 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.17 24.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
FLORHAM PARK SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
41
TOTAL DOLLAR VOLUME
% CHANGE
MEDIAN SALE PRICE
$680,000
$680,000
0%
AVERAGE SALE PRICE
$772,814
$676,166
14.3%
40
51
-21.6%
% SALES PRICE TO LIST PRICE
YTD 2020
70
18 127.8%
$31,685,400 $12,171,000 160.3%
AVERAGE DAYS ON MARKET
YTD 2021
% CHANGE
35 100%
$53,790,300 $24,397,552 120.5%
100.1% 98.1% 2%
$677,500 $675,000 0.4% $768,432
$697,072 10.2%
52
51 2%
99.4% 97.4% 2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
ç
ç
58 31
YTD
2020
12 4
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
200%
87.1%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 9.67 1.76
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 2.00 3.50
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
HARDING TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
25
15
66.7%
$47,728,152
$22,026,444
116.7%
HOMES SOLD TOTAL DOLLAR VOLUME
YTD 2020
% CHANGE
31
12.9%
$39,054,696
57.8%
YTD 2021 35 $61,641,400
MEDIAN SALE PRICE
$1,800,000 $1,266,000 42.2%
$1,500,000 $1,150,000 30.4%
AVERAGE SALE PRICE
$1,909,126 $1,468,429
$1,761,182 $1,259,828 39.8%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
30%
90
72
25%
87
102
-14.7%
94.1%
96.3%
-2.3%
95.3%
94.3%
1%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2020
5 4
14.3%
7.7%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
6 0
ç
12 14
YTD
2021
ç
ç
ç
12 13
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999
25%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 2.00 0.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 2.00 6.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.83 3.60
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 1.00 7.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
LEBANON BORO SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
1
700%
$3,029,000
$300,000
MEDIAN SALE PRICE
$356,500
AVERAGE SALE PRICE
YTD 2020
% CHANGE
17
5
240%
909.7%
$6,143,027
$1,378,000
345.8%
$300,000
18.8%
$311,000
$286,000
8.7%
$378,625
$300,000
26.2%
$361,354
$275,600
31.1%
47
12
291.7%
41
53
-22.6%
HOMES SOLD
8
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.6%
107.2% -5.2%
YTD 2021
100.5% 98.4% 2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
ç
17 5
$2,000,000-$2,999,999
% CHANGE
YTD
2020
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
240%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 2.83 1.06
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
LEBANON TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
21
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 41
19 10.5%
$10,440,600 $8,430,800 23.8%
YTD 2020
% CHANGE
38 7.9%
$19,035,400 $15,673,433 21.5%
MEDIAN SALE PRICE
$480,000
$385,000 24.7%
$412,000
$405,000
1.7%
AVERAGE SALE PRICE
$497,171 $443,726 12%
$464,278
$412,458
12.6%
53
80
-33.8%
AVERAGE DAYS ON MARKET
60
% SALES PRICE TO LIST PRICE
52 15.4%
101%
97.5% 3.5%
100.3%
96% 4.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
41 37
YTD
2020
$2,000,000-$2,999,999
0 1
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
100%
10.8%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
20 6.83 2.93
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
LONG HILL TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
47
% CHANGE
YTD 2020
% CHANGE
68
40
70%
YTD 2021
15 213.3%
$30,860,048
$9,164,000
236.8%
$44,225,552
$21,319,000
107.4%
MEDIAN SALE PRICE
$620,000
$649,000
-4.5%
$615,000
$482,500
27.5%
AVERAGE SALE PRICE
$656,596
$610,933
7.5%
$650,375
$532,975
22%
30
100
-70%
32
91
-64.8%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.6%
97.3% 4.4%
101.1%
97% 4.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
63 39
YTD
2020
5 1
61.5%
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
400%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
18 10.50 1.71
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.83 3.60
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MADISON SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
64
33
93.9%
$67,600,232
$28,585,000
136.5%
$936,750
$779,000
20.3%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2021 98
% SALES PRICE TO LIST PRICE
% CHANGE
72
36.1%
$101,786,152 $59,189,400
$1,056,253 $866,212 21.9%
AVERAGE DAYS ON MARKET
YTD 2020
$942,500
$712,000
72% 32.4%
$1,038,634 $822,075 26.3%
29
53
-45.3%
33
64
-48.4%
100%
97.9%
2.2%
99.4%
96.9%
2.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
40 11
YTD
2021
YTD
2020
4 2
263.6%
8.5%
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
54 59
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
100%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 9.00 1.89
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 6.67 0.90
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 1.33 0.75
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MAPLEWOOD SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
110
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021
YTD 2020
184
72 52.8%
% CHANGE
136 35.3%
$139,827,968 $80,780,320 73.1%
$87,343,616
$44,176,300
97.7%
MEDIAN SALE PRICE
$784,913
$613,500
27.9%
$750,000
$545,000
37.6%
AVERAGE SALE PRICE
$794,032
$613,559
29.4%
$759,934
$593,972
27.9%
15
28
-46.4%
23
35
-34.3%
101.2% 10.3%
109.9%
101.6%
8.2%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
111.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
33 7
YTD
2021
YTD
2020
1 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
150 129
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
371.4%
16.3%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
45 25.00 1.80
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 5.50 0.36
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.17 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MENDHAM BORO SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
28
% CHANGE
YTD 2021
YTD 2020
53
21 33.3%
% CHANGE
31 71%
$23,333,812 $12,993,200 79.6%
$38,692,700 $18,257,200 111.9%
MEDIAN SALE PRICE
$661,300 $655,000 1%
$592,000 $575,000 3%
AVERAGE SALE PRICE
$833,350
$618,723 34.7%
$730,050 $588,941 24%
AVERAGE DAYS ON MARKET
48
55 -12.7%
% SALES PRICE TO LIST PRICE
99.4%
TOTAL DOLLAR VOLUME
95.7% 3.9%
51
87 -41.4%
99.1%
96.1% 3.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
6 0
YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
1 0
ç
ç
ç
46 31
YTD
2020
$2,000,000-$2,999,999
48.4%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 7.67 0.91
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 1.00 6.00
$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 0.17 0.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MENDHAM TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
55
31
77.4%
$66,668,176
$25,628,400
160.1%
HOMES SOLD TOTAL DOLLAR VOLUME
YTD 2020
% CHANGE
82
54
51.9%
$94,434,376
$40,552,548
132.9%
YTD 2021
MEDIAN SALE PRICE
$1,164,000 $770,000 51.2%
$1,050,000 $652,500 60.9%
AVERAGE SALE PRICE
$1,212,148 $826,722 46.6%
$1,151,638 $750,973 53.4%
AVERAGE DAYS ON MARKET
79
% SALES PRICE TO LIST PRICE
77
98.3%
96%
2.6%
71
77
-7.8%
2.4%
98.1%
95.5%
2.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2020
1 0
% CHANGE
YTD
2021
YTD
2020
% CHANGE
3 0
ç
37 12
YTD
2021
$3,000,000 AND UP
ç
ç
ç
41 42
YTD
2020
$2,000,000-$2,999,999
208.3%
2.4%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 6.83 2.49
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 6.17 2.11
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
5 0.17 30.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.50 6.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MILLBURN SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
124
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 197
75 65.3%
$198,012,288 $98,174,088 101.7%
YTD 2020
% CHANGE
128 53.9%
$298,781,184 $165,377,056
80.7%
MEDIAN SALE PRICE
$1,417,500 $1,200,000 18.1%
$1,310,000 $1,176,250 11.4%
AVERAGE SALE PRICE
$1,596,873 $1,308,987
$1,516,655 $1,292,008 17.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
22%
31
50
-38%
37
63
-41.3%
101.1%
97.2%
3.9%
100.3%
97.3%
3.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2020
36 19
82.7%
5.4%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
ç
95 52
YTD
2021
$3,000,000 AND UP
ç
ç
ç
59 56
YTD
2020
$2,000,000-$2,999,999
7 1
600%
89.5%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 9.83 1.53
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 15.83 1.52
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
7 6.00 1.17
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 1.17 13.71
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MORRIS PLAINS SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
26
19
36.8%
$14,550,170
$9,474,400
MEDIAN SALE PRICE
$566,250
AVERAGE SALE PRICE
YTD 2020
% CHANGE
49
36
36.1%
53.6%
$26,197,568
$17,673,068
48.2%
$481,900
17.5%
$540,000
$484,284
11.5%
$559,621
$498,652
12.2%
$534,644
$490,918
8.9%
17
51
-66.7%
28
52
-46.2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.7%
YTD 2021
99% 3.8%
102.2%
98% 4.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
ç
49 36
$2,000,000-$2,999,999
% CHANGE
YTD
2020
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
36.1%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 8.17 2.33
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MORRIS TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
110
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 195
64 71.9%
% CHANGE
YTD 2020
129 51.2%
$137,110,544 $81,149,872
69%
$78,401,224
$41,288,528
89.9%
MEDIAN SALE PRICE
$672,500
$607,500
10.7%
$650,000
$600,000
8.3%
AVERAGE SALE PRICE
$712,738
$645,133
10.5%
$703,131
$629,068
11.8%
25
46
-45.7%
34
51
-33.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.1%
98.1% 4.1%
100.9%
97.8% 3.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
176 121
YTD
2020
19 8
45.5%
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
137.5%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
45 29.33 1.53
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 3.17 2.21
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
MORRISTOWN SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
53
28
89.3%
$31,953,000
$12,501,520
155.6%
$57,889,400
$28,973,820
99.8%
MEDIAN SALE PRICE
$515,000
$417,500
23.4%
$539,000
$435,000
23.9%
AVERAGE SALE PRICE
$602,886
$446,482
35%
$573,162
$474,980
20.7%
32
27
18.5%
42
41
1.8%
100.3% 98.3% 2%
99.8%
97.5%
2.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
YTD 2020
101
% CHANGE
61 65.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
8 2
ç
ç
93 59
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
300%
57.6%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 15.50 1.87
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 1.33 3.75
$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
© 2021 Turpin Realtors
Source: GSMLS 7/9/21 & Trendgraphix
MOUNTAIN LAKES SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
36
16
125%
$34,955,640
$16,994,500
105.7%
MEDIAN SALE PRICE
$865,450
$925,000
-6.4%
$838,039
AVERAGE SALE PRICE
$970,990
$1,062,156
-8.6%
$922,454 $850,766 8.4%
43
71
-39.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.4%
YTD 2021
% CHANGE
YTD 2020
52
31 67.7%
$47,967,640 $26,373,750 81.9%
94% 6.8%
$682,000 22.9%
44
87 -49.4%
99.9%
95% 5.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
66.7%
YTD
2021
YTD
2020
0 1
100%
% CHANGE
YTD
2021
ç
12 6
ç
ç
40 24
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
100%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 6.67 0.75
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 2.00 2.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
2 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
© 2021 Turpin Realtors
Source: GSMLS 7/9/21 & Trendgraphix
NEW PROVIDENCE SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
26
134.6%
$45,488,000
$16,991,000
MEDIAN SALE PRICE
$735,000
AVERAGE SALE PRICE
HOMES SOLD
YTD 2020
% CHANGE
95
52
82.7%
167.7%
$67,299,696
$35,016,000
92.2%
$660,000
11.4%
$674,000
$647,500
4.1%
$745,704
$653,500
14.1%
$708,417
$673,384
5.2%
20
39
-48.7%
26
52
-50%
61
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
103.6%
98.3% 5.4%
YTD 2021
102.2%
97.7% 4.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
88 49
YTD
2020
7 3
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
133.3%
79.6%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 14.67 1.91
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 1.17 2.57
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
PEAPACK-GLADSTONE SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
6
83.3%
$3,520,000
YTD 2020
% CHANGE
27
13
107.7%
275.9%
$28,387,624
$10,575,999
168.4%
MEDIAN SALE PRICE
$1,050,000 $582,500 80.3%
$730,000
$660,000
10.6%
AVERAGE SALE PRICE
$1,202,772 $586,666 105%
HOMES SOLD
11
TOTAL DOLLAR VOLUME
$13,230,500
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
$1,051,393 $813,538 29.2%
35
86
-59.3%
63
92
-31.5%
93.4%
95.3%
-2%
95%
91.5%
3.8%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2020
0 1
700%
54.5%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
2 0
ç
8 1
YTD
2021
$3,000,000 AND UP
ç
ç
ç
17 11
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 2.83 3.18
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 1.33 1.50
$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 0.33 0.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
RANDOLPH TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
90
50
80%
$57,562,916
$27,914,800
106.2%
$91,868,408
$54,298,264
69.2%
MEDIAN SALE PRICE
$639,500
$562,500
13.7%
$604,750
$480,000
26%
AVERAGE SALE PRICE
$639,587
$558,296
14.6%
$620,732
$498,149
24.6%
38
49
-22.4%
38
58
-34.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.5%
98.1% 4.5%
YTD 2021
YTD 2020
148
% CHANGE
109 35.8%
101.7%
98% 3.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
142 108
YTD
2020
6 1
31.5%
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
500%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
38 23.67 1.61
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 1.00 2.00
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
READINGTON TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
81
48
68.8%
$43,719,100
$21,216,864
MEDIAN SALE PRICE
$536,500
AVERAGE SALE PRICE
YTD 2020
% CHANGE
142
108
31.5%
106.1%
$74,739,760
$47,299,556
58%
$382,500
40.3%
$505,000
$445,000
13.5%
$539,742
$442,018
22.1%
$526,336
$437,958
20.2%
35
47
-25.5%
47
65
-27.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.1%
98.8% 3.3%
YTD 2021
100.7%
99% 1.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
140 108
YTD
2020
2 0
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
29.6%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
38 23.33 1.63
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
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
SUMMIT SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
145
62
133.9%
$180,370,288
$63,991,800
181.9%
$255,924,240 $117,231,152 118.3%
MEDIAN SALE PRICE
$1,175,000 $881,250 33.3%
$1,075,000 $860,000 25%
AVERAGE SALE PRICE
$1,243,933 $1,032,125 20.5%
$1,190,345 $985,135 20.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
215
% CHANGE
119 80.7%
35
58
-39.7%
96.7% 5.2%
101%
96.5%
4.6%
35
101.8%
YTD 2020
-14.3%
30
% SALES PRICE TO LIST PRICE
YTD 2021
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2020
% CHANGE
YTD
2020
18 4
89.6%
53%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
ç
91 48
YTD
2021
$3,000,000 AND UP
ç
ç
ç
101 66
YTD
2021
$2,000,000-$2,999,999
5 1
350%
400%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 16.83 1.43
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 15.17 0.79
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 3.00 1.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.83 4.80
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
TEWKSBURY TWP. SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
42
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 68
28 50%
$36,914,860 $17,768,600 107.8%
YTD 2020
% CHANGE
57 19.3%
$56,880,036 $34,075,208 66.9%
MEDIAN SALE PRICE
$750,000
$599,500 25.1%
$750,000
$575,000 30.4%
AVERAGE SALE PRICE
$878,925
$634,592 38.5%
$836,471
$597,810 39.9%
95
86 10.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.9%
96.5% 2.5%
86
95 -9.5%
98.4%
96.7% 1.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
55 54
YTD
2020
13 3
1.9%
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
333.3%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 9.17 1.85
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 2.17 6.00
$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
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
WARREN SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
69
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 122
36 91.7%
$62,154,720 $27,777,880 123.8%
YTD 2020
% CHANGE
76 60.5%
$109,117,120 $57,113,716 91.1%
MEDIAN SALE PRICE
$870,000
$710,000 22.5%
$830,000
$722,500
14.9%
AVERAGE SALE PRICE
$900,793
$771,607 16.7%
$894,402
$751,496
19%
AVERAGE DAYS ON MARKET
45
86 -47.7%
52
74
-29.7%
% SALES PRICE TO LIST PRICE
99.9%
96.3% 3.7%
98.7%
96.2%
2.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
30 12
40.6%
YTD
2021
YTD
2020
2 0
% CHANGE
YTD
2021
ç
ç
ç
90 64
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
150%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
27 15.00 1.80
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
23 5.00 4.60
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 0.33 6.00
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
72
71
1.4%
$39,333,432
$34,336,500
14.6%
$64,624,232
$56,017,408
15.4%
MEDIAN SALE PRICE
$555,000
$463,500
19.7%
$526,000
$456,500
15.2%
AVERAGE SALE PRICE
$546,297
$483,612
13%
$516,993
$470,734
9.8%
30
69
-56.5%
31
75
-58.7%
97.9% 5.9%
102.5%
97.2%
5.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
103.6%
YTD 2021
YTD 2020
125
% CHANGE
119 5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
125 118
YTD
2020
0 1
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
100%
5.9%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
25 20.83 1.20
INVENTORY
AVG SALES PER MONTH
4 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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
WATCHUNG SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021 HOMES SOLD
Q2 2020
27
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 59
15 80%
$24,817,000 $8,420,214 194.7%
YTD 2020
% CHANGE
28 110.7%
$50,458,920 $17,858,714 182.5%
MEDIAN SALE PRICE
$925,000
$530,000 74.5%
$770,000
$558,500 37.9%
AVERAGE SALE PRICE
$919,148
$561,347 63.7%
$855,235
$637,811 34.1%
46
52 -11.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.1% 98.1% 0%
57
61 -6.6%
97.6%
95.9% 1.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
ç
ç
43 26
YTD
2020
16 2
$2,000,000-$2,999,999 YTD
2021
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
700%
65.4%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 7.17 1.40
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 2.67 3.38
$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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
WESTFIELD SECOND QUARTER MARKET REPORT 2021
Overview Q2 2021
Q2 2020
% CHANGE
149
109
36.7%
$144,268,992
$93,902,760
53.6%
MEDIAN SALE PRICE
$901,000
$829,900
8.6%
$880,000
$770,000
14.3%
AVERAGE SALE PRICE
$968,248
$861,493
12.4%
$955,622
$834,495
14.5%
28
50
-44%
36
59
-39%
3.8%
100.6%
97.9%
2.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.7%
98%
YTD 2021
% CHANGE
YTD 2020
256
197 29.9%
$244,639,376 $164,395,664
48.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
79 51
YTD
2021
YTD
2020
6 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
171 146
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
54.9%
17.1%
Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
49 28.50 1.72
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 13.17 1.06
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
6 1.00 6.00
INVENTORY
1
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/9/21 & Trendgraphix
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