NORTH CENTRAL NEW JERSEY
MARKET REPORT ANNUAL 2020
ANNUAL 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 1/8/21. Special Edition data is as reported to GSMLS on 1/12/21. 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.
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: Trendgraphix
CONTENTS DECEMBER 2020 – SPECIAL EDITION Hunterdon County | Morris County | Somersert County | Essex and Union Counties (partial)
ANNUAL MARKET REPORT 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
Cover image:158 Green Avenue, Madison
Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
COMMENTARY ANNUAL MARKET REPORT 2020 In our first quarter report last year, during the darkest and most confusing days of the pandemic, we observed that major disruptions had historically led to an improved market in New Jersey. We cautiously posited that the pandemic could lead to the reversal of urban migration, and result in renewed interest in our region. Looking back now, it is fair to say that the shift in our market exceeded even our most optimistic expectations. In an otherwise tumultuous period, we are pleased to report that the suburban and exurban real estate markets of New Jersey are more robust than they have been in over a decade. Widespread Improvements, Record-Breaking Results Our 2020 report shows 33 of 39 towns posting an increase in sales over 2019. This is especially remarkable in light of several weeks of total lockdown during what is usually our peak selling period. Indeed, not only did our towns make up the lost ground, several set records. Boonton Town, Bridgewater, Clinton, Clinton Township, Long Hill, Morris Township, New Providence, Readington, Washington Twp. and Westfield all reported more sales and a higher average sale price than at any time in more than ten years! Towns that were especially hard hit during the 2008 downturn and thereafter are now experiencing some of the most robust improvement, most likely due to the excellent value they present. Bernardsville, for example, saw a significant improvement in both unit sales and total dollar volume as compared to 2019 (59% and 84% respectively), and its $1-2 million segment surged by 150%. In Tewksbury and Califon, where most single family homes feature enviable amounts of sought-after open space, sales increased by 76% and 122%. Meanwhile, in Harding Township, where low taxes and open spaces combine with convenience to eastern amenities, unit sales were up by 95% and total dollar volume up by 109%. Low Inventory Drives Price Appreciation but Challenges Buyers Though perennial performers like The Chathams and Madison are now being hindered by extremely low inventory, these towns still managed to outperform their 2019 unit sales handily (17% in Chatham Boro, 20% in Chatham Township, 27% in Madison). Low inventory is expected to challenge buyers in these towns and elsewhere. Bridgewater, Chatham Township, Clinton, Clinton Township, Madison, Maplewood, Morris Plains and Washington all have less than one-month’s supply of homes for sale and numerous other towns have only slightly more (Supply is the number of months it would take for the current inventory of homes on the market to sell at the current pace; four to six months supply is considered balanced). While low inventory makes life hard for buyers, it will undoubtedly drive price appreciation moving into the first half of 2021. Price Sensitivity Persists in the Luxury Market In contrast, the upper end (generally over $2 or $3 million, depending on the town), continues to experience high levels of inventory and price sensitivity among buyers. Harding Township, for example, experienced robust improvement in sales up to $3 million, but sales above that mark declined and inventory remains at a 40-month supply. We are hopeful that this segment will begin to improve as more people discover our beautiful area and the value it represents, but we also recognize the challenge presented by the continued out-migration of high net worth individuals from New Jersey. In the long run, the magnificent homes, tremendous lifestyle opportunities and value that we know exist in our luxury market may well drive sufficient interest to outweigh any such headwinds. As always, we stand ready to assist with questions about your particular real estate situation. I encourage you to reach out to a Turpin agent for insights into the market, whether you plan a move or not. We have never been more proud to represent the people and properties that comprise this special part of New Jersey that we call home.
John Turpin, President www.TurpinRealtors.com/Reports Š 2021 Turpin Realtors
Source: GSMLS and TrendGraphix
SOMERSET COUNTY DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE
DEC. 2020 HOMES FOR SALE
584
NEW LISTINGS
239 347 -31%
CONTRACTS PENDED
331 398 -17%
HOMES SOLD
494 405 22%
MEDIAN SOLD PRICE
773
-24%
$400,000 $400,000
0%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
100%
Change from Last Year
50%
0%
-50%
c. De
v. No
Oc t.
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
r. Ma
. Fe b
Ja
n.
-100%
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
12
/1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20 8/ 20 10 /2 0 12 /2 0
$0
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 1/12/21
MORRIS COUNTY DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE
DEC. 2020 HOMES FOR SALE
913
1515
-40%
NEW LISTINGS
363
317
15%
CONTRACTS PENDED
511 364 40%
HOMES SOLD
733 532 38%
MEDIAN SOLD PRICE
$485,000 $400,000
21%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
75%
Change from Last Year
50% 25% 0% -25% -50%
c. De
v. No
Oc t.
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
r. Ma
. Fe b
Ja
n.
-75%
Median Sold Price (past 3 years) $600,000 $500,000
Median Sold Price
$400,000 $300,000 $200,000 $100,000
12
/1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20 8/ 20 10 /2 0 12 /2 0
$0
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 1/12/21
HUNTERDON COUNTY DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE
DEC. 2020 HOMES FOR SALE NEW LISTINGS
312
630
-50%
95
96
-1%
CONTRACTS PENDED
147 97 52%
HOMES SOLD
228 166 37%
MEDIAN SOLD PRICE
$418,000 $343,000
22%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
150%
Change from Last Year
100%
50%
0%
-50%
c. De
v. No
Oc t.
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
r. Ma
. Fe b
Ja
n.
-100%
Median Sold Price (past 3 years) $500,000
Median Sold Price
$400,000
$300,000
$200,000
$100,000
12
/1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20 8/ 20 10 /2 0 12 /2 0
$0
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS and TrendGraphix as of 1/12/21
ESSEX AND UNION COUNTY MUNICIPALITIES* DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE
DEC. 2020 HOMES FOR SALE
707
NEW LISTINGS
356 269 32%
CONTRACTS PENDED
356 256 39%
HOMES SOLD
414 282 47%
MEDIAN SOLD PRICE
1023
-31%
$700,000 $585,000
20%
Year Over Year Activity Homes for Sale
New Listings
Homes Sold
Contracts Pended
Change from Last Year
100%
50%
0%
-50%
c. De
v. No
Oc t.
. Se p
. Au g
l. Ju
n. Ju
y Ma
Ap r.
r. Ma
. Fe b
Ja
n.
-100%
Median Sold Price (past 3 years) $800,000
Median Sold Price
$600,000
$400,000
$200,000
12 /1 7 2/ 18 4/ 18 6/ 18 8/ 1 10 8 /1 12 8 /1 8 2/ 19 4/ 19 6/ 19 8/ 1 10 9 /1 12 9 /1 9 2/ 20 4/ 20 6/ 20 8/ 2 10 0 /2 12 0 /2 0
$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 and TrendGraphix as of 1/12/21
BEDMINSTER ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
92
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 222
46 100.0%
$44,385,552 $17,427,300 154.7%
YTD 2019
% CHANGE
222 0.0%
$99,146,348
$101,662,104
-2.5%
MEDIAN SALE PRICE
$376,500
$327,500 15.0%
$365,000
$335,000
9.0%
AVERAGE SALE PRICE
$482,451
$378,854 27.3%
$446,605
$457,936
-2.5%
42 -7.1%
50
58
-14.3%
95.8% 3.0%
97.6%
94.1%
3.7%
AVERAGE DAYS ON MARKET
39
% SALES PRICE TO LIST PRICE
98.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
4 6
YTD
2019
1 1
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
1 4
0%
33.3%
2.4%
$3,000,000 AND UP
ç
ç
ç
216 211
YTD
2019
$2,000,000-$2,999,999
75%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
34 18.00 1.89
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
4 0.08 48.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 0.08 72.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
BERKELEY HEIGHTS ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
60
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 200
46 30.4%
$41,869,268 $26,757,084 56.5%
YTD 2019
% CHANGE
186 7.5%
$131,494,664 $112,536,856
16.8%
MEDIAN SALE PRICE
$699,500
$554,500 26.1%
$625,000
$576,000
8.5%
AVERAGE SALE PRICE
$697,821
$581,675 20.0%
$657,473
$605,036
8.7%
AVERAGE DAYS ON MARKET
37
63 -41.3%
56
61
-7.8%
% SALES PRICE TO LIST PRICE
99.2%
96.1% 3.2%
98.7%
97.2%
1.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
187 178
YTD
2019
$2,000,000-$2,999,999
13 8
5.1%
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
62.5%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 15.58 1.54
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 1.08 0.92
$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 1/8/21 & Trendgraphix
BERNARDS TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
138
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020
YTD 2019
452
119 16.0%
% CHANGE
459 -1.5%
$300,237,592 $285,667,264
5.1%
$94,825,200
$76,399,552
24.1%
MEDIAN SALE PRICE
$686,450
$599,000
14.6%
$640,000
$580,000
10.3%
AVERAGE SALE PRICE
$687,139
$642,013
7.0%
$664,242
$622,368
6.7%
51
65
-21.5%
58
62
-7.1%
98.5%
96.6%
2.0%
97.7%
96.7%
1.1%
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
48 53
YTD
2019
3 1
9.4%
1%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
401 405
YTD
2020
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
200%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
35 33.42 1.05
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 4.00 4.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 0.25 16.00
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 1/8/21 & Trendgraphix
BERNARDSVILLE ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
55
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 164
25 120.0%
$48,010,148 $17,367,876 176.4%
YTD 2019
% CHANGE
103 59.2%
$141,273,680 $76,881,880 83.8%
MEDIAN SALE PRICE
$710,000
$637,000 11.5%
$673,500
$619,000
8.8%
AVERAGE SALE PRICE
$872,911
$694,715 25.7%
$861,424
$746,426
15.4%
AVERAGE DAYS ON MARKET
56
110 -49.1%
75
78
-3.8%
% SALES PRICE TO LIST PRICE
97.1%
95.3% 1.9%
95.0%
94.2%
0.9%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2020
43.5%
4 3
% CHANGE
YTD
2020
% CHANGE
3 1
33.3%
150%
YTD
2019
ç
35 14
YTD
2019
$3,000,000 AND UP
ç
ç
ç
122 85
YTD
2019
$2,000,000-$2,999,999
200%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
30 10.17 2.95
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 2.92 6.51
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.33 9.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 0.25 24.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
BOONTON TOWN ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
% CHANGE
23
78.3%
41
TOTAL DOLLAR VOLUME
$17,713,052 $9,322,740 90.0%
YTD 2020
YTD 2019
105
% CHANGE
96 9.4%
$44,437,976
$38,115,112
16.6%
MEDIAN SALE PRICE
$440,000
$415,000
6.0%
$417,500
$383,500
8.9%
AVERAGE SALE PRICE
$432,025
$405,336
6.6%
$423,219
$397,032
6.6%
41
72
-43.1%
52
52
0.0%
97.4% 4.0%
99.6%
98.6%
0.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
105 96
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
9.4%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 8.75 1.71
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 1/8/21 & Trendgraphix
BOONTON TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
27
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 73
26 3.8%
$16,890,900 $14,727,900 14.7%
YTD 2019
% CHANGE
63 15.9%
$38,148,200 $35,398,776 7.8%
MEDIAN SALE PRICE
$615,000
$517,000
19.0%
$502,000
$542,500 -7.5%
AVERAGE SALE PRICE
$625,588
$566,457
10.4%
$522,578
$561,885 -7.0%
67
104
-35.6%
99.1%
96.1%
3.0%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
68
77 -11.7%
98.8%
96.8% 2.1%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2019
% CHANGE
YTD
2020
ç
ç
72 60
YTD
2020
$2,000,000-$2,999,999
1 3
20%
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
66.7%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 6.00 1.83
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.08 60.00
$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 1/8/21 & Trendgraphix
BRIDGEWATER TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
% CHANGE
139
48.2%
206
TOTAL DOLLAR VOLUME
$101,265,504 $66,616,732 52.0%
YTD 2020 620
YTD 2019
% CHANGE
575
7.8%
$303,342,772 $278,498,902
8.9%
MEDIAN SALE PRICE
$465,044
$447,500
3.9%
$470,000
$450,000
4.4%
AVERAGE SALE PRICE
$491,580
$479,257
2.6%
$489,263
$484,346
1.0%
40
52
-23.1%
47
53
-12.1%
99.3%
98.0%
1.4%
98.6%
98.0%
0.7%
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
2019
% CHANGE
YTD
2020
ç
9 12
ç
611 563
YTD
2020
$2,000,000-$2,999,999
8.5%
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
25%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
39 50.92 0.77
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 0.75 6.67
$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 1/8/21 & Trendgraphix
CALIFON ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
YTD 2020
YTD 2019
% CHANGE
4
1 300.0%
20
9 122.2%
$1,426,900
$629,000 126.9%
$6,678,420
$3,231,034 106.7%
MEDIAN SALE PRICE
$375,950
$629,000 -40.2%
$354,950
$359,900 -1.4%
AVERAGE SALE PRICE
$356,725
$629,000 -43.3%
$333,921
$359,003 -7.0%
AVERAGE DAYS ON MARKET
80
184 -56.5%
% SALES PRICE TO LIST PRICE
99.1%
HOMES SOLD TOTAL DOLLAR VOLUME
98.4% 0.7%
70
99 -29.3%
98.8%
97.5% 1.4%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
20 9
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
122.2%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 1.67 1.80
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
CHATHAM BORO ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
42
20
110.0%
$42,025,000
$15,893,000
164.4%
MEDIAN SALE PRICE
$886,500
$741,000
19.6%
$850,638
$800,000
6.3%
AVERAGE SALE PRICE
$1,000,595 $794,650 25.9%
$933,731
$883,064
5.7%
48
52
-8.2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
50
58
-13.8%
99.2%
96.1%
3.3%
YTD 2020
YTD 2019
136
% CHANGE
116 17.2%
$126,987,464 $102,435,551
98.4%
24.0%
97.4% 1.0%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
90 82
YTD
2019
$2,000,000-$2,999,999
45 33
YTD
2019
1 1
36.4%
9.8%
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
0%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 7.50 1.20
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 3.75 2.93
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.08 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 1/8/21 & Trendgraphix
CHATHAM TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
68
34
100.0%
$68,160,832
$36,732,900
85.6%
HOMES SOLD TOTAL DOLLAR VOLUME
208
% CHANGE
173 20.2%
$220,050,064 $188,554,984
16.7%
$925,000
6.8%
-7.2%
$1,057,933
$1,089,913
-2.9%
55
-5.5%
56
58
-2.7%
96.4%
1.6%
97.5%
96.5%
1.0%
$1,050,000 $781,500 34.4%
AVERAGE SALE PRICE
$1,002,365
$1,080,379
52 97.9%
% SALES PRICE TO LIST PRICE
YTD 2019
$987,500
MEDIAN SALE PRICE
AVERAGE DAYS ON MARKET
YTD 2020
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
76 58
20.4%
YTD
2019
19 21
31%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
112 93
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
1 1
NC
9.5%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 9.33 0.75
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 6.33 1.74
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 1.58 2.53
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.08 24.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
CHESTER BORO ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
14
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 32
6 133.3%
YTD 2019
% CHANGE
24
33.3%
$18,105,008 $12,950,900 39.8%
$8,486,000
$2,514,500
237.5%
MEDIAN SALE PRICE
$570,000
$392,250
45.3%
$553,750
$537,500
3.0%
AVERAGE SALE PRICE
$606,142
$419,083
44.6%
$565,781
$539,621
4.8%
72
69
4.3%
84
79
6.6%
98.0%
97.4%
0.6%
97.8%
97.4%
0.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
ç
32 24
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
33.3%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 2.67 2.25
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 1/8/21 & Trendgraphix
CHESTER TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
51
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 164
26 96.2%
$36,311,700 $16,143,500 124.9%
YTD 2019
% CHANGE
116 41.4%
$116,350,608 $78,122,200 48.9%
MEDIAN SALE PRICE
$649,000
$552,500 17.5%
$679,000
$646,000
5.1%
AVERAGE SALE PRICE
$711,994
$620,903 14.7%
$709,455
$673,467
5.3%
AVERAGE DAYS ON MARKET
63
147 -57.1%
76
87
-12.9%
% SALES PRICE TO LIST PRICE
98.4%
96.0% 2.5%
97.9%
96.4%
1.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
19 8
YTD
2019
1 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
144 108
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
137.5%
33.3%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
15 12.00 1.25
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 1.58 3.79
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.08 36.00
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 1/8/21 & Trendgraphix
CLINTON TOWN ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
10
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 53
7 42.9%
YTD 2019
% CHANGE
36
47.2%
$19,562,576 $12,129,500 61.3%
$3,819,000
$2,343,000
63.0%
MEDIAN SALE PRICE
$355,000
$375,000
-5.3%
$350,000
$350,000
0.0%
AVERAGE SALE PRICE
$381,900
$334,714
14.1%
$369,105
$336,930
9.5%
57
45
26.7%
61
62
-2.7%
98.9%
99.1%
-0.1%
98.1%
97.7%
0.4%
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
ç
53 36
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
47.2%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 4.42 0.91
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 1/8/21 & Trendgraphix
CLINTON TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
72
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 238
43 67.4%
$32,748,828 $19,432,200 68.5%
% CHANGE
YTD 2019
188 26.6%
$108,147,860 $82,779,992 30.6%
MEDIAN SALE PRICE
$465,000
$380,000 22.4%
$439,450
$427,500
2.8%
AVERAGE SALE PRICE
$454,844 $451,911 0.6%
$454,403
$440,319
3.2%
91 -56.0%
55
65
-15.0%
97.0% 2.2%
98.5%
97.3%
1.3%
AVERAGE DAYS ON MARKET
40
% 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
% CHANGE
YTD
2020
ç
ç
237 186
YTD
2019
$2,000,000-$2,999,999
1 2
27.4%
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
50%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 19.75 0.61
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.08 24.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
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 1/8/21 & Trendgraphix
FAR HILLS ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
7
% CHANGE
YTD 2020 19
2 250.0%
YTD 2019
% CHANGE
16
18.8%
$4,866,000 $2,453,000 98.4%
$15,102,000
$18,057,926
-16.4%
MEDIAN SALE PRICE
$678,000 $1,226,500 -44.7%
$678,000
$732,500
-7.4%
AVERAGE SALE PRICE
$695,142 $1,226,500 -43.3%
$794,842
$1,128,620
-29.6%
91 0.0%
114
103
11.1%
78.0% 22.0%
93.7%
91.6%
2.3%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
91
% SALES PRICE TO LIST PRICE
95.2%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2020
36.4%
0 1
33.3%
% CHANGE
YTD
2020
YTD
2019
0 1
100%
% CHANGE
ç
4 3
YTD
2019
$3,000,000 AND UP
ç
ç
ç
15 11
YTD
2019
$2,000,000-$2,999,999
100%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 1.25 4.00
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
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
FLORHAM PARK ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
47
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 124
21 123.8%
$36,253,340 $14,967,399 142.2%
YTD 2019
% CHANGE
112 10.7%
$91,037,560
$84,913,616
7.2%
MEDIAN SALE PRICE
$735,000
$606,000 21.3%
$677,750
$625,000
8.4%
AVERAGE SALE PRICE
$771,347 $712,733 8.2%
$734,173
$758,156
-3.2%
35 42.9%
53
54
-2.4%
98.3% 0.0%
98.3%
97.3%
1.0%
AVERAGE DAYS ON MARKET
50
% SALES PRICE TO LIST PRICE
98.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
YTD
2019
% CHANGE
YTD
2020
19 20
15.4%
YTD
2019
0 1
5%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
105 91
$2,000,000-$2,999,999
$1,000,000-$1,999,999
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
20 8.75 2.29
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 1.58 5.68
$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 1/8/21 & Trendgraphix
HARDING TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
26
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 82
13 100.0%
$41,700,700 $16,606,000 151.1%
YTD 2019
% CHANGE
42 95.2%
$112,619,024 $53,820,500 109.2%
MEDIAN SALE PRICE
$1,425,000 $1,200,000 18.8%
$1,184,350
$972,500
21.8%
AVERAGE SALE PRICE
$1,603,873 $1,277,384 25.6%
$1,373,402
$1,281,439
7.2%
127
-33.9%
90.9%
2.7%
AVERAGE DAYS ON MARKET
84
% SALES PRICE TO LIST PRICE
91.6%
84
86 -2.3% 91.1% 0.6%
93.3%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2020
14 5
150%
52.2%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
3 2
ç
30 12
YTD
2019
ç
ç
ç
35 23
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
180%
50%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 2.92 1.71
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 2.50 2.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 1.17 2.57
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 0.25 40.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
LEBANON BORO ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
9
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 17
6 50.0%
$2,711,500 $1,703,400 59.2%
% CHANGE
YTD 2019
30 -43.3%
$5,009,500 $7,596,800 -34.1%
MEDIAN SALE PRICE
$282,500
$278,950
1.3%
$286,000 $268,700 6.4%
AVERAGE SALE PRICE
$301,277
$283,900
6.1%
$294,676
45
36
25.0%
56
51 9.8%
97.8%
96.7%
1.1%
97.8%
98.2% -0.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
$253,226 16.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
17 30
$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
43.3%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 1.42 1.41
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 1/8/21 & Trendgraphix
LEBANON TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
% CHANGE
20
30.0%
26
TOTAL DOLLAR VOLUME
$12,587,000 $7,198,273 74.9%
YTD 2020
YTD 2019
87
% CHANGE
64 35.9%
$36,712,620 $21,736,960 68.9%
MEDIAN SALE PRICE
$476,250
$297,000
60.4%
$400,089
$313,000 27.8%
AVERAGE SALE PRICE
$484,115
$359,913
34.5%
$421,984
$339,640 24.2%
44
94
-53.2%
72
74 -3.3%
98.6%
0.2%
97.6%
98.1% -0.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
98.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
86 64
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
34.4%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 7.17 2.23
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.08 0.00
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
LONG HILL TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
27
81.5%
$27,068,800 $12,792,400 111.6%
HOMES SOLD
49
TOTAL DOLLAR VOLUME
YTD 2019
% CHANGE
140
111
26.1%
$78,704,320
$56,623,232
39.0%
YTD 2020
MEDIAN SALE PRICE
$515,000
$490,000
5.1%
$514,500
$470,000
9.5%
AVERAGE SALE PRICE
$552,424
$473,792
16.6%
$562,174
$510,118
10.2%
48
66
-27.3%
66
61
7.9%
98.2%
95.7%
2.7%
97.6%
96.3%
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
ç
138 109
YTD
2019
$2,000,000-$2,999,999
% CHANGE
YTD
2020
NC
2 2
26.6%
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 December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 11.50 1.13
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.17 12.00
$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 1/8/21 & Trendgraphix
MADISON ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
63
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 204
47 34.0%
$54,064,300 $39,330,176 37.5%
YTD 2019
% CHANGE
161 26.7%
$174,871,032 $140,361,584
24.6%
MEDIAN SALE PRICE
$706,000
$715,000 -1.3%
$723,500
$769,000
-5.9%
AVERAGE SALE PRICE
$858,163 $836,812 2.6%
$857,211
$871,811
-1.7%
80 -52.5%
48
66
-26.6%
97.6% -0.1%
97.7%
97.3%
0.5%
AVERAGE DAYS ON MARKET
38
% SALES PRICE TO LIST PRICE
97.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2020
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
4 0
% CHANGE
YTD
2020
YTD
2019
0 1
100%
14.6%
28.6%
% CHANGE
ç
47 41
YTD
2019
$3,000,000 AND UP
ç
ç
ç
153 119
YTD
2019
$2,000,000-$2,999,999
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
7
MONTH’S SUPPLY
12.75 0.55
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 3.92 2.81
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 1.33 1.50
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 1/8/21 & Trendgraphix
MAPLEWOOD ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
112
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 389
80 40.0%
YTD 2019
% CHANGE
390
-0.3%
$258,986,712 $233,947,128
10.7%
$78,675,472
$47,246,276
66.5%
MEDIAN SALE PRICE
$706,000
$590,000
19.7%
$670,000
$584,500
14.6%
AVERAGE SALE PRICE
$702,459
$590,578
18.9%
$665,776
$599,864
11.0%
22
35
-37.1%
26
37
-30.5%
107.2%
99.2%
8.1%
104.9%
100.7%
4.2%
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
354 365
YTD
2019
$2,000,000-$2,999,999
35 25
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
40%
3.0%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
20 29.50 0.68
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 2.92 0.00
$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 1/8/21 & Trendgraphix
MENDHAM BORO ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
27
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 94
29 -6.9%
$26,337,650 $18,774,700 40.3%
YTD 2019
% CHANGE
93 1.1%
$67,697,152 $61,648,300 9.8%
MEDIAN SALE PRICE
$735,000
$615,000 19.5%
$625,000 $605,000 3.3%
AVERAGE SALE PRICE
$975,468
$647,403 50.7%
$720,182 $662,885 8.6%
81
93 -12.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
94.8%
95.5% -0.8%
70
80 -12.5%
95.7%
95.5% 0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
5.8%
2 0
% CHANGE
YTD
2020
YTD
2019
% CHANGE
1 0
ç
10 7
YTD
2019
ç
ç
ç
81 86
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
42.9%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
23 6.75 3.41
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.83 4.80
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.17 6.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.08 24.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
MENDHAM TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
47
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 147
27 74.1%
$43,254,020 $22,946,500 88.5%
YTD 2019
% CHANGE
96 53.1%
$124,707,576 $85,222,608 46.3%
MEDIAN SALE PRICE
$832,500
$750,000 11.0%
$781,369
$806,250
-3.1%
AVERAGE SALE PRICE
$920,298 $849,870 8.3%
$848,351
$887,736
-4.4%
77 -18.2%
66
70
-5.7%
94.7% 1.4%
96.4%
95.3%
1.1%
AVERAGE DAYS ON MARKET
63
% SALES PRICE TO LIST PRICE
96.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
36 25
YTD
2019
0 2
44%
60.9%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
111 69
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
18 9.25 1.95
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
22 3.00 7.33
$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
5 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
MILLBURN ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
114
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 369
53 115.1%
$153,214,624 $66,611,244 130.0%
YTD 2019
% CHANGE
296 24.7%
$505,719,616 $381,963,058 32.4%
MEDIAN SALE PRICE
$1,255,000
$1,050,000
19.5%
$1,228,000 $1,129,000 8.8%
AVERAGE SALE PRICE
$1,343,987
$1,256,815
6.9%
$1,370,514 $1,290,415 6.2%
AVERAGE DAYS ON MARKET
48
% SALES PRICE TO LIST PRICE
97.9%
51
63 -23.8% 95.7% 2.3%
58 -12.1%
97.8%
96.0%
1.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
170 130
YTD
2019
48 28
% CHANGE
YTD
2020
YTD
2019
% CHANGE
10 10
NC
71.4%
0%
$2,000,000-$2,999,999
$3,000,000 AND UP
30.8%
10.2%
$3,000,000 AND UP
ç
ç
ç
141 128
YTD
2019
$2,000,000-$2,999,999
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 11.75 1.11
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 14.17 0.85
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 4.00 3.25
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 0.83 16.80
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
MORRIS PLAINS ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
% CHANGE
23
43.5%
33
TOTAL DOLLAR VOLUME
$16,738,300 $11,713,500 42.9%
MEDIAN SALE PRICE
$558,000
$522,500
6.8%
AVERAGE SALE PRICE
$507,221
$509,282
-0.4%
31
31
0.0%
99.6%
98.9%
0.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2020
% CHANGE
YTD 2019
91
92 -1.1%
$45,666,768 $45,295,716 0.8% $500,000
$515,000 -2.9%
$501,833 $492,344 1.9% 39
33 18.6%
98.9%
99.2%
-0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
ç
91 92
$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
1.1%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 7.58 0.66
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 1/8/21 & Trendgraphix
MORRIS TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
125
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 387
89 40.4%
YTD 2019
% CHANGE
340
13.8%
$254,628,836 $211,432,072
20.4%
$84,984,936
$51,885,396
63.8%
MEDIAN SALE PRICE
$669,900
$572,000
17.1%
$624,900
$594,750
5.1%
AVERAGE SALE PRICE
$679,879
$582,982
16.6%
$657,956
$621,859
5.8%
33
50
-34.0%
43
54
-20.2%
99.1%
97.5%
1.7%
98.7%
97.3%
1.4%
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
26 16
11.8%
YTD
2019
0 1
62.5%
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
ç
361 323
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
100%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
32 30.08 1.06
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 2.17 5.08
$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 1/8/21 & Trendgraphix
MORRISTOWN ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
59
% CHANGE
YTD 2020
YTD 2019
177
47 25.5%
% CHANGE
167 6.0%
$28,771,180 $22,454,400 28.1%
$88,791,912
$82,244,100
8.0%
MEDIAN SALE PRICE
$475,000 $470,000 1.1%
$445,000
$461,000
-3.5%
AVERAGE SALE PRICE
$487,647 $477,753 2.1%
$501,649
$492,480
1.9%
64 -48.4%
42
51
-18.7%
97.9% 1.0%
98.1%
97.9%
0.2%
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET
33
% SALES PRICE TO LIST PRICE
98.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
4 4
YTD
2020
NC
YTD
2019
0 1
0%
6.8%
% CHANGE
YTD
2020
ç
ç
173 162
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 December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
37 14.42 2.57
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 0.33 24.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Source: GSMLS 1/8/21 & Trendgraphix
MOUNTAIN LAKES ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
23
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 91
18 27.8%
$19,395,500 $12,319,900 57.4%
% CHANGE
YTD 2019
78 16.7%
$76,210,008 $65,377,528 16.6%
MEDIAN SALE PRICE
$820,000
$655,000 25.2%
$750,000 $731,250 2.6%
AVERAGE SALE PRICE
$843,282
$684,438
23.2%
$837,472
$838,173 -0.1%
78 -38.5%
83
73 13.7%
AVERAGE DAYS ON MARKET
48
% SALES PRICE TO LIST PRICE
98.1%
95.4% 2.8%
96.1%
94.4% 1.8%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
20 18
18.6%
YTD
2020
ç
ç
70 59
YTD
2019
$2,000,000-$2,999,999 YTD
2019
1 1
11.1%
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
0%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 5.83 1.54
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 1.67 3.60
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.08 12.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2021 Turpin Realtors
Source: GSMLS 1/8/21 & Trendgraphix
NEW PROVIDENCE ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
64
52
23.1%
$44,261,104
$31,141,162
42.1%
$122,204,352
$102,741,744
18.9%
MEDIAN SALE PRICE
$625,000
$574,500
8.8%
$640,000
$579,000
10.5%
AVERAGE SALE PRICE
$691,579
$598,868
15.5%
$682,706
$600,828
13.6%
27
49
-44.9%
43
46
-5.7%
98.4% 1.9%
99.1%
98.1%
1.0%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.3%
YTD 2020
YTD 2019
179
% CHANGE
171 4.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
166 164
YTD
2019
$2,000,000-$2,999,999
13 7
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
85.7%
1.2%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
18 13.83 1.30
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 1.08 0.92
$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 1/8/21 & Trendgraphix
PEAPACK-GLADSTONE ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
9
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 36
8 12.5%
$7,960,000 $11,104,000 -28.3%
YTD 2019
% CHANGE
29 24.1%
$31,104,500 $25,935,000 19.9%
MEDIAN SALE PRICE
$725,000
$812,500 -10.8%
$705,000
$775,000 -9.0%
AVERAGE SALE PRICE
$884,444 $1,388,000 -36.3%
$864,013
$894,310 -3.4%
AVERAGE DAYS ON MARKET
54
% SALES PRICE TO LIST PRICE
95.4%
58
98 -44.9% 84.0% 13.6%
85 -31.8%
95.2%
90.7% 4.9%
Sales by Price $0-$999,999 YTD
2020
YTD
2019
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2020
2 0
% CHANGE
YTD
2020
YTD
2019
0 1
400%
7.4%
% CHANGE
ç
5 1
YTD
2019
$3,000,000 AND UP
ç
ç
ç
29 27
YTD
2019
$2,000,000-$2,999,999
100.0%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 2.42 1.66
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.42 9.60
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.17 6.00
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
RANDOLPH TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
131
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 372
82 59.8%
YTD 2019
% CHANGE
327
13.8%
$205,113,816 $171,638,208
19.5%
$74,954,600
$42,461,848
76.5%
MEDIAN SALE PRICE
$545,000
$495,000
10.1%
$537,500
$515,000
4.4%
AVERAGE SALE PRICE
$572,172
$517,827
10.5%
$551,381
$524,886
5.0%
34
78
-56.4%
46
58
-21.2%
99.7%
97.3%
2.4%
99.0%
97.6%
1.4%
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
366 323
YTD
2019
$2,000,000-$2,999,999
6 4
13.3%
YTD
2019
0 0
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
0 0
NC
50%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
42 30.50 1.38
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.50 4.00
$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 1/8/21 & Trendgraphix
READINGTON TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
100
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 288
53 88.7%
YTD 2019
% CHANGE
231
24.7%
$138,933,492 $100,998,900
37.6%
$49,804,580
$22,772,578
118.7%
MEDIAN SALE PRICE
$517,000
$437,000
18.3%
$490,000
$444,999
10.1%
AVERAGE SALE PRICE
$498,045
$429,671
15.9%
$482,408
$437,224
10.3%
55
85
-35.3%
61
70
-12.1%
98.7%
98.2%
0.5%
98.9%
97.6%
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
ç
288 231
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
24.7%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
39 24.00 1.63
INVENTORY
AVG SALES PER MONTH
5 0.00
MONTH’S SUPPLY
∞
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
SUMMIT ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
64
54.7%
$118,769,768 $60,514,884 96.3%
HOMES SOLD
99
TOTAL DOLLAR VOLUME
% CHANGE
363
252
44.0%
$413,681,304
$264,440,180
56.4%
$960,000
$924,500
3.8%
$955,000
$842,500
13.4%
$1,199,694
$945,545
26.9%
46
49
-6.1%
46
49
-5.0%
99.0%
96.8%
2.3%
98.3%
96.9%
1.4%
MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2019
YTD 2020
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
$1,139,618 $1,049,365 8.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
28 13
60.5%
26.7%
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
138 86
YTD
2019
$3,000,000 AND UP
ç
ç
ç
190 150
YTD
2019
$2,000,000-$2,999,999
7 3
115.4%
133.3%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
20 15.83 1.26
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
18 11.50 1.57
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 2.33 1.29
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 0.58 10.29
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
TEWKSBURY TWP. ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
50
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 158
23 117.4%
$39,673,568 $14,443,350 174.7%
YTD 2019
% CHANGE
90 75.6%
$111,915,512 $62,748,952 78.4%
MEDIAN SALE PRICE
$737,500
$510,000 44.6%
$667,500
$592,500
12.7%
AVERAGE SALE PRICE
$793,471
$627,971 26.4%
$708,326
$697,211
1.6%
AVERAGE DAYS ON MARKET
57
175 -67.4%
96
133
-27.8%
% SALES PRICE TO LIST PRICE
97.2%
94.4% 2.9%
97.0%
94.6%
2.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
79.7%
2 0
% CHANGE
YTD
2020
YTD
2019
% CHANGE
ç
14 10
YTD
2019
ç
ç
ç
142 79
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
0 1
100%
40%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 11.83 1.77
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 1.17 10.29
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 0.17 24.00
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 1/8/21 & Trendgraphix
WARREN ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
66
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2020 205
55 20.0%
$58,256,916 $47,807,700 21.9%
YTD 2019
% CHANGE
190 7.9%
$166,028,424 $159,378,895
4.2%
MEDIAN SALE PRICE
$795,000 $830,000 -4.2%
$751,000
$826,000
-9.1%
AVERAGE SALE PRICE
$882,680 $869,230 1.5%
$809,895
$838,836
-3.5%
95 -54.7%
63
77
-18.1%
94.3% 2.9%
96.6%
95.2%
1.5%
AVERAGE DAYS ON MARKET
43
% 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 34
4.6%
YTD
2019
1 3
% CHANGE
YTD
2020
ç
ç
ç
160 153
YTD
2019
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
66.7%
29.4%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
30 13.33 2.25
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
28 3.67 7.64
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.08 0.00
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 1/8/21 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
79
71
11.3%
$40,836,140
$30,144,300
35.5%
MEDIAN SALE PRICE
$490,000
$435,000
12.6%
$475,000
$450,000
5.6%
AVERAGE SALE PRICE
$516,913
$424,567
21.8%
$493,384
$439,731
12.2%
38
56
-32.1%
61
60
2.1%
97.9% 3.2%
98.8%
97.6%
1.2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.0%
YTD 2020 293
YTD 2019
% CHANGE
252
16.3%
$144,561,776 $110,812,158
30.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
291 252
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
15.5%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
24 24.25 0.99
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.17 12.00
$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 1/8/21 & Trendgraphix
WATCHUNG ANNUAL MARKET REPORT 2020
Overview Q4 2020
Q4 2019
% CHANGE
19
10.5%
$15,189,400 $13,307,000 14.1%
HOMES SOLD
21
TOTAL DOLLAR VOLUME
YTD 2019
% CHANGE
79
79
0.0%
$60,125,432
$61,134,216
-1.7%
YTD 2020
MEDIAN SALE PRICE
$699,000
$550,000
27.1%
$662,500
$680,000
-2.6%
AVERAGE SALE PRICE
$723,304
$700,368
3.3%
$761,081
$773,850
-1.6%
66
56
17.9%
97.3%
95.9%
1.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
58
71 -18.3%
96.0%
96.2% -0.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
NC
13 13
YTD
2019
1 0
$3,000,000 AND UP
% CHANGE
YTD
2020
ç
ç
65 66
YTD
2019
$2,000,000-$2,999,999
YTD
2019
% CHANGE
0 0
NC
0%
1.5%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 5.42 2.03
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 1.08 12.92
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.08 12.00
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 1/8/21 & Trendgraphix
WESTFIELD ANNUAL MARKET REPORT 2020
Overview Q4 2020 HOMES SOLD
Q4 2019
% CHANGE
97
44.3%
140
TOTAL DOLLAR VOLUME
$125,730,440 $76,000,512 65.4%
YTD 2020
YTD 2019
513
% CHANGE
422 21.6%
$443,724,816 $344,870,384 28.7%
MEDIAN SALE PRICE
$825,000
$678,000
21.7%
$800,000 $747,000 7.1%
AVERAGE SALE PRICE
$898,074
$783,510
14.6%
$864,961 $817,228 5.8%
42
58
-27.6%
99.3%
96.3%
3.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
50
54 -7.4%
98.9%
96.9% 2.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2020
YTD
2019
% CHANGE
YTD
2020
% CHANGE
YTD
2020
ç
ç
372 332
YTD
2019
$2,000,000-$2,999,999
137 86
YTD
2019
3 3
59.3%
12.0%
$3,000,000 AND UP
% CHANGE
YTD
2020
NC
YTD
2019
% CHANGE
1 1
NC
0%
0%
Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
36 31.00 1.16
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
18 11.42 1.58
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.25 12.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.08 12.00
10 Year Market History
© 2021 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/8/21 & Trendgraphix
2020 PRESIDENT’S CLUB
1st Row: Gwendolyn “Wendy” Barisonek, Steven Barisonek, Theresa Beneventine, Richard Burgstresser Jr, Elizabeth Caravetta, Ashley Christus, Deirdre Coleman, Karen Columbro 2nd Row: Nancy Cook, Gerry-Jo Cranmer, Linda DiForio, Kathleen Doran, Pamela Fairley, Leigh Fenwick Victoria and Peter Fife, David Forgione 3rd Row: Valerie Fraser, Brian Hays, Linda Heffernan, Christopher Herold, Michele Hill, Stephanie Horman, Janet Hoven, Michael Joyce 4th Row: Mary Licata, Jane MacNeil, Suzanne McGratty, Susan Miller, Denise Mortenson, Mara Nydam, Sharon Ortepio, Hilary Prouty 5th Row: Noreen Ryan, Robert Sameth Jr, Liza Saunders, Whitney Saunders, Molly Scott, Bryan Seavey, Kathryn Shurtleff, Suzan Sletteland 6th Row: Holly Suminski Caroline Taylor, Molly Tonero, Karen Tourville, Jill Turpin, Catherine Weinstock, Elizabeth “Lisa” Winter. Not Pictured: John Schott
www.TurpinRealtors.com Bernardsville 908-766-6500
Mendham 973-543-7400
Far Hills 908-234-9100
Chatham 973-635-5555
Oldwick 908-439-3300