NORTH CENTRAL NEW JERSEY
MARKET REPORT THIRD QUARTER 2020
THIRD 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 10/8/20. 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 SEPTEMBER 2020 – SPECIAL EDITION Hunterdon County | Morris County | Somersert County | Essex and Union Counties (partial)
THIRD 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: 43 & 42 Joliet St, Tewksbury Twp. Pictured above, clockwise from top left: 19 Hollow Brook Rd, Tewksbury Twp; 67 Roxiticus Rd, Mendham Twp; 158 Green Ave, Madison Boro
COMMENTARY THIRD QUARTER MARKET REPORT 2020 In spite of the challenges that 2020 has delivered, I am pleased to report that the North Central New Jersey real estate market is very strong. With nine months behind us, this year appears to be one of the strongest on record for our region. According to Jeffrey Otteau of the Otteau Valuation Group, New Jersey is on track to sell more homes in 2020 than during any other year in its history. To be sure, the out-migration from urban areas is a major factor behind the energy, but it is not the only factor. Prior to the pandemic, younger families were already looking for more space west of the city; the global health crisis simply accelerated this trend. There is now a larger market shift afoot, with homeowners in eastern suburbs capitalizing on the increased buyer demand and generally shifting west themselves. This east-to-west movement that defined our market for generations stalled over the last decade, but now appears to have resumed. County Level Overview In our Essex/Union composite and in Somerset County, month-to-month declines in contracts are not surprising after the spike that began in April; nevertheless both exceeded 2019 performance markedly in September with sales increasing 48% and 78% respectively. After a brief dip at the end of summer, sales in Morris and Hunterdon Counties were increasing again in September as inventory continued to shrink. These charts do a good job of illustrating the brisk pace of our current market, and suggest that our next challenge may well be a lack of inventory. Towns Show Strength in Higher Price Ranges At the municipal level, the most striking improvements occurred in the $1-2 million market segment, where triple-digit increases in year-to-date sales occurred in Harding Twp. (+200%), Bernardsville (+189%) and Chester Twp. (+114%). This is welcome news, considering the struggles in this price range over the last decade, particularly in more rural areas. Sales under $1 million have also been on the rise, especially in towns like Mendham Twp. (+60%) and Harding (+59%). In Hunterdon County the Town of Clinton (+54%), Lebanon Twp. (+36%) and Tewksbury (+35%) all surged, reinforcing the notion that buyers are indeed looking west toward more open spaces. To the east, both Chatham Borough and Township are still slightly behind 2019 in the number of homes sold, but appear likely to catch up by the end of the year. Each posted strong third-quarter results, up 35% and 81% respectively over the same period last year. Madison, which has been a steady performer all year, posted a 24% increase in sales year-to-date, in spite of extremely limited inventory, especially under $1 million. Most towns that did not post gains were lagging by only a small percentage. As the strong market has continued right into the fall, we would not be surprised if they outperformed their 2019 numbers by the year’s end. At Turpin Realtors, we are always available to answer any question you may have about your particular real estate situation. Regardless of whether or not you plan a move, I encourage you to reach out to one of our fine agents for insights into the market. In 2020, we celebrate our firm’s 60th year in business and we have never been more proud to represent the people, properties and lifestyle that comprise these special communities we call home.
John Turpin, President
www.TurpinRealtors.com/Reports © 2020 Turpin Realtors
Source: GSMLS and TrendGraphix
SOMERSET COUNTY SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020
SEPT. 2019 % CHANGE
HOMES FOR SALE
941
NEW LISTINGS
602 554 9%
CONTRACTS PENDED
553 313 77%
HOMES SOLD
465 352 32%
MEDIAN SOLD PRICE
1423
-34%
$421,000 $399,000
6%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
100%
Change from Last Year
50%
0%
-50%
Se p
tem
be
r
t us Au g
ly Ju
ne Ju
y Ma
l Ap ri
rch Ma
ry rua Fe b
Ja
nu
ary
-100%
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20
$0
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 9/9/20
MORRIS COUNTY SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020
SEPT. 2019 % CHANGE
1453 2398 -39%
HOMES FOR SALE NEW LISTINGS
974
922
6%
CONTRACTS PENDED
833
545
53%
HOMES SOLD
742
510
45%
$473,000
$460,000
3%
MEDIAN SOLD PRICE
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%
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
Ma
r.
. Fe b
Ja
n.
-75.00%
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20
$0
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 9/9/20
HUNTERDON COUNTY SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020
SEPT. 2019 % CHANGE
HOMES FOR SALE
538
NEW LISTINGS
307 287 7%
CONTRACTS PENDED
255 150 70%
HOMES SOLD
241 150 61%
MEDIAN SOLD PRICE
919
-41%
$440,000 $369,000
19%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
100.00%
Change from Last Year
50.00%
0.00%
-50.00%
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
r. Ma
. Fe b
Ja
n.
-100.00%
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20
$0
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 9/9/20
ESSEX AND UNION COUNTY MUNICIPALITIES* SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020
SEPT. 2019 % CHANGE
HOMES FOR SALE
848
NEW LISTINGS
580 344 69%
CONTRACTS PENDED
449 304 48%
HOMES SOLD
533 472 13%
MEDIAN SOLD PRICE
1186
$697,000
-28%
$556,000
25%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
100.00%
Change from Last Year
50.00%
0.00%
-50.00%
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
r. Ma
. Fe b
Ja
n.
-100.00%
Median Sold Price (past 3 years) $800,000
Median Sold Price
$600,000
$400,000
$200,000
/1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20
11
9/ 17
$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 9/9/20
BEDMINSTER THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
50
% CHANGE
YTD 2020
YTD 2019
129
68 -26.5%
% CHANGE
176 -26.7%
$23,505,000 $32,989,550 -28.8%
$54,570,800
$84,234,792
-35.2%
MEDIAN SALE PRICE
$399,000 $332,500 20%
$360,000
$339,000
6.2%
AVERAGE SALE PRICE
$470,100
$485,140 -3.1%
$423,029
$478,606
-11.6%
67
50 34.0%
57
62
-8.1%
92.1% 4.0%
96.7%
93.8%
3.2%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
95.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
0 1
40%
24.1%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
3 5
YTD
2019
$3,000,000 AND UP
ç
ç
ç
126 166
YTD
2019
$2,000,000-$2,999,999
0 4
100%
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
48 14.00 3.43
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.33 12.00
$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
5 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
BERKELEY HEIGHTS THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
75
% CHANGE
YTD 2020
YTD 2019
140
51 47.1%
% CHANGE
140 0%
$52,140,648 $34,079,100 53.0%
$89,625,400
$85,779,776
4.5%
MEDIAN SALE PRICE
$685,000 $625,000 9.6%
$610,000
$582,500
4.7%
AVERAGE SALE PRICE
$695,208 $668,217 4.0%
$640,181
$612,712
4.5%
61 -4.9%
64
59
8.5%
97.1% 1.8%
98.5%
97.5%
1.0%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
58
% SALES PRICE TO LIST PRICE
98.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
133 134
YTD
2019
$2,000,000-$2,999,999
7 6
0.7%
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
16.7%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
31 14.78 2.10
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 0.78 12.86
$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 10/8/20 & Trendgraphix
BERNARDS TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
155
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 314
141 9.9%
$106,033,696 $91,873,960 15.4%
YTD 2019
% CHANGE
338 -7.1%
$205,412,288 $208,482,736
-1.5%
MEDIAN SALE PRICE
$645,000
$595,000
8.4%
$630,000
$580,000
8.6%
AVERAGE SALE PRICE
$684,088
$651,588
5.0%
$654,179
$616,812
6.1%
45
61
-26.2%
60
61
-1.6%
98.3%
96.7%
1.7%
97.4%
96.7%
0.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
33 38
YTD
2019
2 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
279 300
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
13.2%
7.0%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
71 31.00 2.29
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 3.67 6.55
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.22 13.50
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 10/8/20 & Trendgraphix
BERNARDSVILLE THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
56
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 109
33 69.7%
$53,412,640 $26,971,500 98.0%
YTD 2019
% CHANGE
78 39.7%
$93,263,528
$59,514,000
56.7%
MEDIAN SALE PRICE
$728,500
$605,000 20.4%
$650,000
$617,000
5.3%
AVERAGE SALE PRICE
$953,797
$817,318 16.7%
$855,628
$763,000
12.1%
75
68 10.3%
84
68
23.5%
93.4% 1.4%
94.0%
93.9%
0.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
94.6%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
YTD
2020
26 9
20%
YTD
2019
3 3
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
% CHANGE
2 1
0%
188.9%
YTD
2019
ç
ç
ç
78 65
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
36 8.67 4.15
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
31 2.89 10.73
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.33 3.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 0.22 36.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
BOONTON TOWN THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
% CHANGE
34
-17.6%
28
TOTAL DOLLAR VOLUME
$10,803,400 $13,861,196 -22.1%
YTD 2020
YTD 2019
64
% CHANGE
73 -12.3%
$26,724,924 $28,792,372 -7.2%
MEDIAN SALE PRICE
$361,500
$388,500
-6.9%
$402,000 $375,000 7.2%
AVERAGE SALE PRICE
$385,835
$407,682
-5.4%
$417,576 $394,416 5.9%
51
30
70%
99.4%
98.3%
1.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
58
46 26.1%
98.5%
99.1% -0.6%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
64 73
YTD
2019
$2,000,000-$2,999,999
% CHANGE
YTD
2020
NC
0 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
12.3%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 7.11 2.39
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 10/8/20 & Trendgraphix
BOONTON TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
% CHANGE
8
162.5%
21
TOTAL DOLLAR VOLUME
$10,791,901 $4,538,500 137.8%
YTD 2020
YTD 2019
46
% CHANGE
37 24.3%
$21,257,300 $20,670,874 2.8%
MEDIAN SALE PRICE
$505,000
$535,000
-5.6%
$485,000
$550,000 -11.8%
AVERAGE SALE PRICE
$513,900
$567,312
-9.4%
$462,115
$558,672 -17.3%
43
39
10.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.1%
97.8% 3.4%
69
59 16.9%
98.5%
97.2% 1.4%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
46 36
YTD
2019
$2,000,000-$2,999,999
0 1
27.8%
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
26 5.11 5.09
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
∞
6 0.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
∞
1 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 10/8/20 & Trendgraphix
BRIDGEWATER TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
% CHANGE
176
19.3%
210
TOTAL DOLLAR VOLUME
$103,681,456 $87,374,104 18.7%
YTD 2020 413
YTD 2019
% CHANGE
436
-5.3%
$202,851,776 $211,882,240
-4.3%
MEDIAN SALE PRICE
$472,750
$460,000
2.8%
$475,000
$450,000
5.6%
AVERAGE SALE PRICE
$493,721
$496,443
-0.5%
$491,166
$485,968
1.1%
43
45
-4.4%
49
52
-5.8%
98.7%
98.4%
0.3%
98.8%
97.9%
0.9%
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
% CHANGE
YTD
2020
ç
ç
408 424
YTD
2019
$2,000,000-$2,999,999
5 12
3.8%
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 September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
90 45.33 1.99
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 0.56 14.40
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
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 10/8/20 & Trendgraphix
CALIFON THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
5
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 16
5 0%
$1,727,900 $1,569,034 10.1%
YTD 2019
$5,251,520
% CHANGE
8 100% $2,602,034 101.8%
MEDIAN SALE PRICE
$350,000
$359,900 -2.8%
$345,000
AVERAGE SALE PRICE
$345,580
$313,806 10.1%
$328,220 $325,254 0.9%
AVERAGE DAYS ON MARKET
42
67 -37.3%
% SALES PRICE TO LIST PRICE
100.4%
96.7% 3.8%
$352,450 -2.1%
68
89 -23.6%
98.7%
97.2% 1.5%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
16 8
YTD
2019
$2,000,000-$2,999,999
% CHANGE
YTD
2020
NC
0 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 1.78 1.69
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 10/8/20 & Trendgraphix
CHATHAM BORO THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
58
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 93
43 34.9%
$54,804,924 $41,703,500 31.4%
YTD 2019
% CHANGE
96 -3.1%
$83,607,472 $86,542,544 -3.4%
MEDIAN SALE PRICE
$830,638
$954,500 -13.0%
$796,000
$801,000 -0.6%
AVERAGE SALE PRICE
$944,912
$969,848 -2.6%
$899,005
$901,484 -0.3%
48 -12.5%
47
50 -6.0%
AVERAGE DAYS ON MARKET
42
% SALES PRICE TO LIST PRICE
98.5%
97.6% 0.9%
98.1%
97.7% 0.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
28 29
YTD
2019
0 1
% CHANGE
YTD
2020
YTD
2019
% CHANGE
0 0
NC
100%
3.4%
1.5%
$3,000,000 AND UP
ç
ç
ç
65 66
YTD
2019
$2,000,000-$2,999,999
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 7.22 2.35
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
23 3.11 7.39
$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 10/8/20 & Trendgraphix
CHATHAM TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
76
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2019
139
42 81.0%
$79,903,120 $49,573,600 61.2%
% CHANGE
138 0.7%
$150,889,248 $150,897,088
0%
$975,000 $1,106,250 -11.9%
$975,000
$957,000
1.9%
$1,051,356 $1,180,323 -10.9%
$1,085,534
$1,093,457
-0.7%
57 10.5%
58
58
0%
95.3% 1.8%
97.2%
96.6%
0.7%
MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2020
AVERAGE DAYS ON MARKET
63
% SALES PRICE TO LIST PRICE
97.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
44 51
9.9%
YTD
2019
16 16
13.7%
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
1 0
ç
ç
ç
78 71
YTD
2019
$2,000,000-$2,999,999
0%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 8.67 2.19
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 4.89 5.73
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
8 1.78 4.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.11 9.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
CHESTER BORO THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
10
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020
YTD 2019
18
4 150%
% CHANGE
18 0%
$9,619,009 $10,436,400 -7.8%
$5,987,009
$2,395,000
150%
MEDIAN SALE PRICE
$566,750
$653,000
-13.2%
$517,500
$547,500 -5.5%
AVERAGE SALE PRICE
$598,700
$598,750
0%
$534,389
$579,800 -7.8%
76 39.5%
94
81 16.0%
AVERAGE DAYS ON MARKET
106
% SALES PRICE TO LIST PRICE
97.5%
99.8%
-2.4%
97.7%
97.4% 0.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
18 18
YTD
2020
NC
YTD
2019
$2,000,000-$2,999,999
% CHANGE
YTD
2020
NC
0 0
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 September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 2.00 4.00
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 10/8/20 & Trendgraphix
CHESTER TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
64
% CHANGE
YTD 2020
YTD 2019
112
39 64.1%
% CHANGE
90 24.4%
$49,135,548 $27,020,404 81.8%
$79,823,912
$61,978,704
28.8%
MEDIAN SALE PRICE
$743,250 $688,000 8.0%
$699,950
$676,250
3.5%
AVERAGE SALE PRICE
$767,742
$692,830 10.8%
$712,713
$688,652
3.5%
68
64 6.3%
78
70
11.4%
98.1%
97.3% 0.8%
97.7%
96.5%
1.3%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
97 83
YTD
2019
$2,000,000-$2,999,999
15 7
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
114.3%
16.9%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
46 10.78 4.27
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 1.67 4.80
$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
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
CLINTON TOWN THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
23
% CHANGE
YTD 2020
YTD 2019
43
16 43.8%
% CHANGE
28 53.6%
$8,937,575
$5,754,500
55.3%
$15,743,575 $9,636,500 63.4%
MEDIAN SALE PRICE
$362,700
$348,000
4.2%
$350,000 $349,000 0.3%
AVERAGE SALE PRICE
$388,590
$359,656
8.0%
$366,129 $344,160 6.4%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
66
% SALES PRICE TO LIST PRICE
97.7%
61
50 32.0% 97.2% 0.5%
67 -9.0%
97.9%
97.6% 0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
43 28
YTD
2019
$2,000,000-$2,999,999
% CHANGE
YTD
2020
NC
0 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
53.6%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 4.78 1.47
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 10/8/20 & Trendgraphix
CLINTON TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
68
% CHANGE
YTD 2020 166
63 7.9%
% CHANGE
YTD 2019
143 16.1%
$33,017,050 $29,827,660 10.7%
$75,399,024
$62,517,796
20.6%
MEDIAN SALE PRICE
$467,450 $457,500 2.2%
$436,250
$432,500
0.9%
AVERAGE SALE PRICE
$485,544 $473,454 2.6%
$454,211
$437,187
3.9%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
58 -6.9%
61
56 8.9%
97.4% 1.9%
98.2%
97.3% 0.9%
54
% SALES PRICE TO LIST PRICE
99.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
166 143
$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
16.1%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
38 18.44 2.06
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
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 10/8/20 & Trendgraphix
FAR HILLS THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020
Q3 2019
% CHANGE
5
4
25.0%
$4,810,000
$8,858,499
-45.7%
MEDIAN SALE PRICE
$625,000
$2,200,000
-71.6%
$675,000
$732,500
-7.8%
AVERAGE SALE PRICE
$962,000
$2,214,624
-56.6%
$853,000
$1,114,637
-23.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
141
% SALES PRICE TO LIST PRICE
94.9%
YTD 2020 12
% CHANGE
14 -14.3%
$10,236,000 $15,604,926 -34.4%
128
42 235.7% 95.1%
YTD 2019
-0.2%
105 21.9%
93.0%
94.1% -1.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
YTD
2020
10%
0 1
50%
% CHANGE
YTD
2020
YTD
2019
0 1
100%
% CHANGE
ç
3 2
YTD
2019
$3,000,000 AND UP
ç
ç
ç
9 10
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 1.00 9.00
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 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 10/8/20 & Trendgraphix
FLORHAM PARK THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020
Q3 2019
% CHANGE
41
29
41.4%
$29,700,070
$24,409,500
21.7%
$54,784,201 $69,946,224 -21.7%
MEDIAN SALE PRICE
$640,000
$687,500
-6.9%
$652,000 $625,000 4.3%
AVERAGE SALE PRICE
$724,391
$841,706
-13.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
59
% SALES PRICE TO LIST PRICE
98.9%
YTD 2020
YTD 2019
77
97.7% 1.3%
91 -15.4%
$711,483
$768,639 -7.4%
55
44 34.1%
% CHANGE
64 -14.1%
98.3%
97.1% 1.2%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
YTD
2019
% CHANGE
YTD
2020
11 17
9.6%
YTD
2019
0 1
35.3%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
66 73
$2,000,000-$2,999,999
$1,000,000-$1,999,999
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 7.33 3.95
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 1.22 9.00
$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 10/8/20 & Trendgraphix
HARDING TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD TOTAL DOLLAR VOLUME
Q3 2019
24
7 242.9%
$31,243,630
$9,537,500 227.6%
$965,000
MEDIAN SALE PRICE AVERAGE SALE PRICE
% CHANGE
$845,000
YTD 2020 56
66
% SALES PRICE TO LIST PRICE
94.4%
% CHANGE
29 93.1%
$70,918,320 $37,214,500 90.6%
14.2%
$1,301,817 $1,362,500 -4.5%
AVERAGE DAYS ON MARKET
YTD 2019
$1,117,500
$1,266,398 $1,283,258 -1.3% 85
125 -47.2% 90.9% 3.9%
$900,000 24.2%
94.3%
145
-41.4%
90.8%
3.9%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2020
7 3
200%
58.8%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
1 2
ç
21 7
YTD
2019
ç
ç
ç
27 17
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
50%
133.3%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 3.00 2.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 2.33 6.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
7 0.78 9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 0.11 81.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
LEBANON BORO THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
2
% CHANGE
YTD 2020 8
11 -81.8%
% CHANGE
YTD 2019
23 -65.2%
TOTAL DOLLAR VOLUME
$575,000 $2,567,500 -77.6%
$2,298,000 $5,713,400 -59.8%
MEDIAN SALE PRICE
$287,500 $267,500 7.5%
$293,000 $267,500 9.5%
AVERAGE SALE PRICE
$287,500
$233,409 23.2%
$287,250
$248,408 15.6%
74
42 76.2%
68
56 21.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
97.6%
99.0% -1.4%
97.8%
99.0% -1.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
8 23
$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
65.2%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.89 5.63
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 10/8/20 & Trendgraphix
LEBANON TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
23
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 61
12 91.7%
$8,389,189 $3,645,213 130.1%
YTD 2019
% CHANGE
44 38.6%
$24,125,622 $14,538,686 65.9%
MEDIAN SALE PRICE
$370,000
$285,982 29.4%
$385,000
$320,000 20.3%
AVERAGE SALE PRICE
$364,747
$303,767 20.1%
$395,502
$330,424 19.7%
87
53 64.2%
83
65 27.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.0%
96.9% 1.1%
97.0%
97.8% -0.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
60 44
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
36.4%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 6.67 2.85
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.11 9.00
$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 10/8/20 & Trendgraphix
LONG HILL TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
51
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 91
39 30.8%
$30,316,520 $21,001,430 44.4%
YTD 2019
% CHANGE
83 9.6%
$51,635,516 $43,010,832 20.1%
MEDIAN SALE PRICE
$556,500
$470,000
18.4%
$510,000 $470,000 8.5%
AVERAGE SALE PRICE
$594,441
$538,498
10.4%
$567,423 $518,202 9.5%
62
60
3.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
97.4%
97.0% 0.3%
75
59 27.1%
97.2%
96.5% 0.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
89 81
YTD
2019
$2,000,000-$2,999,999
% CHANGE
YTD
2020
NC
2 2
9.9%
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 September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 9.89 2.93
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.22 4.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
MADISON THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
69
TOTAL DOLLAR VOLUME
% CHANGE
MEDIAN SALE PRICE
$725,000
AVERAGE SALE PRICE
$893,004 $885,113 0.9% 40
% SALES PRICE TO LIST PRICE
98.7%
YTD 2019
141
60 15.0%
$61,617,332 $53,106,804 16.0%
AVERAGE DAYS ON MARKET
YTD 2020
% CHANGE
114 23.7%
$120,806,736 $101,031,408
$770,875 -6.0%
$722,000 $775,875 -6.9% $856,785
$886,240 -3.3%
52
52 -23.1% 96.9% 1.9%
19.6%
60 -13.8%
97.8%
97.1% 0.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
3 0
% CHANGE
YTD
2020
YTD
2019
0 1
100%
14.3%
24.7%
% CHANGE
ç
32 28
YTD
2019
$3,000,000 AND UP
ç
ç
ç
106 85
YTD
2019
$2,000,000-$2,999,999
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 11.78 1.61
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 3.56 5.91
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 1.00 2.00
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 10/8/20 & Trendgraphix
MAPLEWOOD THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
139
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 276
122 13.9%
YTD 2019
% CHANGE
309
-10.7%
$179,661,360 $186,520,320
-3.7%
$98,456,080
$75,535,520
30.3%
MEDIAN SALE PRICE
$740,000
$597,500
23.8%
$651,000
$584,000
11.5%
AVERAGE SALE PRICE
$708,317
$619,143
14.4%
$650,946
$603,625
7.8%
34 -38.2%
27
37
-27.0%
100.9% 5.1%
104.0%
101.1%
2.8%
AVERAGE DAYS ON MARKET
21
% SALES PRICE TO LIST PRICE
106.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
254 286
YTD
2019
$2,000,000-$2,999,999
22 23
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
4.3%
11.2%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
39 28.22 1.38
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 2.44 0.82
$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 10/8/20 & Trendgraphix
MENDHAM BORO THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
36
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 67
31 16.1%
$23,102,300 $20,463,500 12.9%
YTD 2019
% CHANGE
64 4.7%
$41,359,500 $42,873,600 -3.5%
MEDIAN SALE PRICE
$572,500
$585,000 -2.1%
$575,000 $599,500 -4.1%
AVERAGE SALE PRICE
$641,730
$660,112 -2.8%
$617,306
AVERAGE DAYS ON MARKET
45
% SALES PRICE TO LIST PRICE
96.5%
65
65 -30.8% 95.7% 0.9%
$669,900 -7.9% 74 -12.2%
96.3%
95.4% 0.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
64 59
YTD
2019
3 5
8.5%
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
2019
0 0
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
40%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 7.11 3.38
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 0.33 24.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
4 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 10/8/20 & Trendgraphix
MENDHAM TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
46
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 100
23 100%
$40,901,000 $19,898,458 105.5%
YTD 2019
% CHANGE
69 44.9%
$81,453,544
$62,276,108
30.8%
MEDIAN SALE PRICE
$872,500
$875,000 -0.3%
$759,500
$875,000
-13.2%
AVERAGE SALE PRICE
$889,152 $865,150 2.8%
$814,535
$902,552
-9.8%
63 -15.9%
66
66
0%
95.8% 1.9%
96.5%
95.5%
1.1%
AVERAGE DAYS ON MARKET
53
% SALES PRICE TO LIST PRICE
97.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
23 19
YTD
2019
0 2
21.1%
60.4%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
77 48
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
32 8.56 3.74
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 2.56 9.39
$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
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
MILLBURN THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
125
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 254
109 14.7%
$185,254,848 $150,250,768
YTD 2019
% CHANGE
242 5.0%
23.3%
$351,572,896 $313,021,824 12.3%
MEDIAN SALE PRICE
$1,375,000
$1,260,000
9.1%
$1,226,500 $1,137,125 7.9%
AVERAGE SALE PRICE
$1,482,038
$1,378,447
7.5%
$1,384,145 $1,293,478 7.0%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
42
60 -30%
52
56 -7.1%
98.2%
96.2% 2.1%
97.8%
96.1% 1.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
NC
110 110
YTD
2019
35 21
% CHANGE
YTD
2020
YTD
2019
% CHANGE
8 8
NC
66.7%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
0%
1.9%
$3,000,000 AND UP
ç
ç
101 103
YTD
2019
$2,000,000-$2,999,999
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 11.22 2.58
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
29 12.22 2.37
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 3.89 5.40
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 0.89 16.88
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
MORRIS PLAINS THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
% CHANGE
29
-24.1%
22
TOTAL DOLLAR VOLUME
$11,255,400 $13,855,800 -18.8%
MEDIAN SALE PRICE
$502,500
$510,000
-1.5%
AVERAGE SALE PRICE
$511,609
$477,786
7.1%
28
38
-26.3%
99.5%
99.4%
0.2%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2020
% CHANGE
YTD 2019
58
68 -14.7%
$28,928,468 $33,042,214 -12.4% $488,334
$512,500 -4.7%
$498,766 $485,914 2.6% 43
33 30.3%
98.6%
99.4%
-0.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
58 68
$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
14.7%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 6.44 2.64
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 10/8/20 & Trendgraphix
MORRIS TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
130
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 259
106 22.6%
YTD 2019
% CHANGE
251
3.2%
$167,384,800 $159,546,672
4.9%
$86,234,920
$69,651,824
23.8%
MEDIAN SALE PRICE
$622,450
$610,000
2.0%
$610,000
$600,000
1.7%
AVERAGE SALE PRICE
$663,345
$657,092
1.0%
$646,273
$635,644
1.7%
41
54
-24.1%
46
54
-14.8%
99.1%
97.2%
2.0%
98.5%
97.2%
1.3%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
20 16
2.1%
YTD
2019
0 1
25.0%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
239 234
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
59 26.56 2.22
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 2.22 6.75
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
5 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
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
MORRISTOWN THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
57
% CHANGE
YTD 2020
YTD 2019
118
52 9.6%
% CHANGE
119 -0.8%
$31,046,900 $27,147,050 14.4%
$60,020,720
$59,439,804
1.0%
MEDIAN SALE PRICE
$461,000 $494,500 -6.8%
$441,250
$460,000
-4.1%
AVERAGE SALE PRICE
$544,682 $522,058 4.3%
$508,650
$499,494
1.8%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
50
49 2.0%
45
46
-2.2%
97.9%
98.4% -0.5%
97.7%
97.8%
-0.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2019
0 1
33.3%
0.9%
% CHANGE
YTD
2020
ç
4 3
YTD
2020
ç
ç
114 115
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
46 12.67 3.63
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 0.44 15.75
$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
© 2020 Turpin Realtors
Source: GSMLS 10/8/20 & Trendgraphix
MOUNTAIN LAKES THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
37
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 68
25 48.0%
$30,440,760 $24,927,230 22.1%
% CHANGE
YTD 2019
60 13.3%
$56,814,512 $53,057,632 7.1%
MEDIAN SALE PRICE
$760,000
$960,000 -20.8%
$737,500
$831,250 -11.3%
AVERAGE SALE PRICE
$822,723
$997,089
-17.5%
$835,507
$884,293 -5.5%
80
50 60%
83
71 16.9%
95.9%
94.0% 2.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
95.5%
94.2% 1.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
14 17
26.2%
YTD
2020
ç
ç
53 42
YTD
2019
$2,000,000-$2,999,999 YTD
2019
1 1
17.6%
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
0%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 5.89 2.38
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 1.56 8.36
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 0.11 36.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2020 Turpin Realtors
Source: GSMLS 10/8/20 & Trendgraphix
NEW PROVIDENCE THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
62
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 114
51 21.6%
$42,607,256 $30,980,184 37.5%
YTD 2019
% CHANGE
119 -4.2%
$77,623,256
$71,600,584
8.4%
MEDIAN SALE PRICE
$652,000
$570,000 14.4%
$649,500
$570,000
13.9%
AVERAGE SALE PRICE
$687,213
$607,454 13.1%
$680,905
$601,685
13.2%
50
37 35.1%
51
45
13.3%
98.3% 0.7%
98.4%
98.0%
0.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
99.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
106 113
YTD
2019
$2,000,000-$2,999,999
8 6
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
33.3%
6.2%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
30 11.78 2.55
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.89 5.63
$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 10/8/20 & Trendgraphix
PEAPACK-GLADSTONE THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
14
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 27
4 250%
$12,568,500 $3,217,500 290.6%
YTD 2019
% CHANGE
21 28.6%
$23,144,500 $14,831,000 56.1%
MEDIAN SALE PRICE
$711,250
$828,750
-14.2%
$680,000
$710,000 -4.2%
AVERAGE SALE PRICE
$897,750
$804,375
11.6%
$857,203
$706,238 21.4%
29
22
31.8%
60
80 -25.0%
98.4%
96.0%
2.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
95.1%
96.6% -1.5%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2020
2 1
YTD
2019
2 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
23 20
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100%
15.0%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 2.56 3.91
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.22 22.50
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.22 4.50
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 10/8/20 & Trendgraphix
RANDOLPH TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
130
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 240
106 22.6%
YTD 2019
% CHANGE
243
-1.2%
$129,459,336 $127,326,312
1.7%
$74,631,056
$55,454,668
34.6%
MEDIAN SALE PRICE
$555,000
$525,000
5.7%
$532,500
$520,000
2.4%
AVERAGE SALE PRICE
$574,085
$523,157
9.7%
$539,413
$523,976
2.9%
47
49
-4.1%
52
50
4.0%
99.1%
98.1%
1.0%
98.6%
97.7%
1.0%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2019
% CHANGE
YTD
2020
NC
3 3
ç
237 240
YTD
2020
$2,000,000-$2,999,999
1.3%
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 September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
56 26.33 2.13
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.33 9.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
READINGTON TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
79
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 187
73 8.2%
$41,259,876 $33,620,844 22.7%
YTD 2019
% CHANGE
178 5.1%
$88,559,440 $78,226,312 13.2%
MEDIAN SALE PRICE
$545,000
$489,900 11.2%
$475,000 $450,000 5.6%
AVERAGE SALE PRICE
$522,276
$460,559 13.4%
$473,579 $439,473 7.8%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
60
55 9.1%
98.9%
97.6% 1.4%
63
65 -3.1%
99.0%
97.4% 1.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
187 178
YTD
2019
$2,000,000-$2,999,999
% CHANGE
YTD
2020
NC
0 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
5.1%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
74 20.78 3.56
INVENTORY
AVG SALES PER MONTH
4 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 10/8/20 & Trendgraphix
SUMMIT THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020
Q3 2019
% CHANGE
145
77
88.3%
$177,680,416
$84,829,264
YTD 2019
% CHANGE
264
188
40.4%
109.5%
$294,911,520
$203,925,280
44.6%
MEDIAN SALE PRICE
$1,050,000 $915,000 14.8%
$965,000
$947,500
1.8%
AVERAGE SALE PRICE
$1,225,382
$1,101,678
11.2%
36
49
-26.5%
46
48
-4.2%
98.9%
96.6%
2.3%
98.0%
96.9%
1.0%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2020
$1,117,089 $1,084,708 3.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
19 11
47.8%
31.4%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
102 69
YTD
2019
$3,000,000 AND UP
ç
ç
ç
138 105
YTD
2019
$2,000,000-$2,999,999
5 3
72.7%
66.7%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
41 15.33 2.67
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
25 11.33 2.21
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
7 2.11 3.32
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 0.56 18.00
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
TEWKSBURY TWP. THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
51
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 108
22 131.8%
$38,166,728 $13,950,249 173.6%
YTD 2019
% CHANGE
67 61.2%
$72,241,936
$48,305,600
49.6%
MEDIAN SALE PRICE
$665,000
$587,500 13.2%
$612,000
$595,000
2.9%
AVERAGE SALE PRICE
$748,367
$634,102 18.0%
$668,906
$720,979
-7.2%
AVERAGE DAYS ON MARKET
86
111 -22.5%
% SALES PRICE TO LIST PRICE
96.9%
96.0% 0.9%
109
118 -7.6%
96.8%
94.6%
2.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
63.3%
1 0
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
9 6
YTD
2019
ç
ç
ç
98 60
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
0 1
100%
50%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
43 10.89 3.95
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 1.00 19.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
6 0.11 54.00
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 10/8/20 & Trendgraphix
WARREN THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
63
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 139
60 5.0%
$50,657,732 $51,211,000 -1.1%
YTD 2019
% CHANGE
135 3.0%
$107,771,440 $111,571,176
-3.4%
MEDIAN SALE PRICE
$750,000 $832,500 -9.9%
$730,000
$825,000
-11.5%
AVERAGE SALE PRICE
$804,091 $853,516 -5.8%
$775,334
$826,453
-6.2%
65 -33.8%
60
69
-13.0%
94.5% 2.3%
96.4%
95.5%
0.9%
AVERAGE DAYS ON MARKET
43
% SALES PRICE TO LIST PRICE
96.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
116 110
YTD
2019
22 24
5.5%
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
2019
1 1
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
0%
8.3%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
48 12.89 3.72
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
31 2.44 12.68
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.11 9.00
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
95
% CHANGE
YTD 2020 214
79 20.3%
YTD 2019
% CHANGE
181
18.2%
$47,708,200 $35,764,152 33.4%
$103,725,616 $80,667,864 28.6%
MEDIAN SALE PRICE
$478,000 $465,000 2.8%
$463,750 $450,000 3.1%
AVERAGE SALE PRICE
$502,191
$484,699 $445,678 8.8%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
$452,710 10.9%
62
61 1.6%
98.9%
97.5% 1.5%
70
61 14.8%
98.0%
97.5% 0.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
212 181
YTD
2019
$2,000,000-$2,999,999
2 0
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
17.1%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
44 23.56 1.87
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.22 9.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
WATCHUNG THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
30
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020
YTD 2019
% CHANGE
24 25.0%
5 8
60
-3.3%
$27,077,320 $18,726,218 44.6%
$44,936,032 $47,827,216 -6.0%
MEDIAN SALE PRICE
$663,500
$747,250 -11.2%
$640,750
$707,500 -9.4%
AVERAGE SALE PRICE
$902,577
$780,259 15.7%
$774,759
$797,120 -2.8%
50
83 -39.8%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
95.3%
95.5% -0.2%
55
76 -27.6%
95.5%
96.3% -0.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
11 12
YTD
2019
1 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
46 48
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
8.3%
4.2%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
20 5.11 3.91
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 1.22 13.91
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.11 9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2020 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 10/8/20 & Trendgraphix
WESTFIELD THIRD QUARTER MARKET REPORT 2020
Overview Q3 2020 HOMES SOLD
Q3 2019
% CHANGE
128
35.9%
174
TOTAL DOLLAR VOLUME
$152,384,768 $111,818,592
YTD 2020
YTD 2019
373
% CHANGE
325 14.8%
36.3%
$317,994,432 $268,869,888 18.3%
MEDIAN SALE PRICE
$818,750
$767,500
6.7%
$785,000 $760,000 3.3%
AVERAGE SALE PRICE
$875,774
$873,582
0.3%
$852,532 $827,291 3.1%
46
49
-6.1%
98.8%
96.7%
2.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
53 98.3%
53 0% 97.0% 1.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
94 68
YTD
2019
2 2
38.2%
9.1%
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
ç
ç
ç
277 254
YTD
2019
$2,000,000-$2,999,999
0 1
100%
0%
Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
69 30.78 2.24
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
42 10.44 4.02
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
6 0.22 27.00
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 10/8/20 & Trendgraphix
OCTOBER 2020 MARKS THE DIAMOND JUBILEE OF TURPIN’S FOUNDING IN 1960. WE’VE COME A LONG WAY FROM OUR DAYS AT A RENTED STOREFRONT IN MENDHAM BOROUGH’S OLD FIREHOUSE. READ MORE WWW.TURPINREALTORS.COM/BLOG/6818/60TH-ANNIVERSARY
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