NORTH CENTRAL NEW JERSEY
MARKET REPORT ANNUAL 2021
ANNUAL MARKET REPORT 2021
About the Data • • • • •
This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals. Year to Date “Overview” sales data is asreportedto GSMLS on 1/10/22. When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing. Average Sales per month is calculated on the number of sales for the current year. The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.
CONTENTS
ANNUAL MARKET REPORT 2021
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: 24 Old Orchard Rd, Mendham Twp.
Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
COMMENTARY 2021 was a record-setting year nationwide, and our area was no exception, with a year-over-year increase of 7% in units sold across the thirty-nine towns we study. Overall, inventory remains extremely tight, especially in the more popular price ranges. Amid this surge of activity, we also see evidence that the frenzied pace is beginning to abate. While most towns finished 2021 substantially ahead of the year prior, fourth quarter results declined significantly for almost all towns we surveyed in both units and total dollar volume as compared to the same period last year. Though the overall brisk pace of sales and the accompanying increase in home prices has been exciting, we also welcome this bit of moderation, which should in turn support the longer-term stability of our market. At the end of 2021, inventory across our region was still in short supply. For homes priced under $2 million, supply in most towns remains well below the six-month balanced-market indicator. For homes priced under $1 million, supply is even more seriously challenged, with less than one month’s supply in most towns. Lack of inventory is a major factor behind declines in the number of transactions in this price range, and as long as demand is this high we can expect to see upward pressure on prices. As noted in previous reports, the $1 million to $2 million market segment continues to show impressive year-over-year growth in unit sales. This trend is expanding into the $2-3 million range as well. 2021 marks the first time in recent memory that we have seen demonstrable improvement in the $3 million-plus segment across our region. Year-over year home sales were up 133% in aggregate, albeit with significant variation in performance from town to town. Although some locales still report an oversupply at the high end, improvement here is another welcome change. As we look forward to a busy spring on the horizon, I invite you to call upon one of our talented Realtors to help you assess the particulars of your own situation. It would be our pleasure to assist with anything from sending neighborhood activity reports via email to meeting for a personalized consultation or market analysis.
John Turpin, President
www.TurpinRealtors.com/Reports © 2022 Turpin Realtors
Source: GSMLS and TrendGraphix
BEDMINSTER ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
46
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 248
92 -50%
$18,179,700 $44,385,552 -59%
YTD 2020
% CHANGE
222 11.7%
$115,134,496 $99,146,348 16.1%
MEDIAN SALE PRICE
$365,000
$376,500 -3.1%
$386,250
$365,000
5.8%
AVERAGE SALE PRICE
$395,210
$482,451 -18.1%
$464,252
$446,605
4%
AVERAGE DAYS ON MARKET
29
39 -25.6%
35
50
-29.2%
% SALES PRICE TO LIST PRICE
99.9%
98.7% 1.2%
98.9%
97.6%
1.3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2020
% CHANGE
YTD
2021
12%
3 1
% CHANGE
YTD
2021
YTD
2020
0 1
200%
25%
% CHANGE
ç
3 4
YTD
2020
$3,000,000 AND UP
ç
ç
ç
242 216
YTD
2021
$2,000,000-$2,999,999
100%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 20.17 0.60
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 0.25 12.00
$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
7 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
BERKELEY HEIGHTS ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
43
60
-28.3%
$24,618,500
$41,869,268
MEDIAN SALE PRICE
$550,000
AVERAGE SALE PRICE
YTD 2020
% CHANGE
234
200
17%
-41.2%
$158,519,092
$131,494,664
20.6%
$699,500
-21.4%
$651,000
$625,000
4.2%
$572,523
$697,821
-18%
$677,432
$657,473
3%
37
37
0%
32
56
-42.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.7%
YTD 2021
99.2% 2.5%
101.7% 98.7% 3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
219 187
YTD
2020
$2,000,000-$2,999,999
15 13
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
15.4%
17.1%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
9
MONTH’S SUPPLY
18.25 0.49
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 1.25 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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
BERNARDS TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
125
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021
YTD 2020
567
138 -9.4%
% CHANGE
452 25.4%
$418,407,564 $300,237,592
39.4%
$82,613,760
$94,825,200
-12.9%
MEDIAN SALE PRICE
$580,000
$686,450
-15.5%
$665,000
$640,000
3.9%
AVERAGE SALE PRICE
$660,910
$687,139
-3.8%
$737,932
$664,242
11.1%
30
51
-41.2%
29
58
-48.8%
101%
98.5%
2.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.6% 97.7% 3%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2020
% CHANGE
YTD
2021
4 3
143.8%
11%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
1 0
ç
117 48
YTD
2020
$3,000,000 AND UP
ç
ç
ç
445 401
YTD
2021
$2,000,000-$2,999,999
33.3%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 37.08 0.30
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 9.75 0.72
$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
1 0.08 12.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
BERNARDSVILLE ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
41
55
-25.5%
$41,306,088
$48,010,148
-14%
$717,500
$710,000
1.1%
$766,000
$673,500
13.7%
$1,007,466
$872,911
15.4%
$936,861
$861,424
8.8%
70
56
25%
75
75
0%
96.8%
97.1%
-0.3%
98%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
YTD 2020
187
% CHANGE
164 14%
$175,192,880 $141,273,680
24%
95%
3.1%
Sales by Price $0-$999,999 YTD
YTD
2021
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
4.9%
10 4
% CHANGE
YTD
2021
% CHANGE
2 3
150%
34.3%
YTD
2020
ç
47 35
YTD
2020
$3,000,000 AND UP
ç
ç
ç
128 122
YTD
2020
$2,000,000-$2,999,999
33.3%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
3
MONTH’S SUPPLY
10.67 0.28
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 3.92 1.53
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
3 0.83 3.60
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.17 12.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
BOONTON TOWN ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
41
-39%
$11,824,150
$17,713,052
-33.2%
$49,464,548
$44,437,976
11.3%
MEDIAN SALE PRICE
$415,000
$440,000
-5.7%
$455,000
$417,500
9%
AVERAGE SALE PRICE
$472,966
$432,025
9.5%
$480,238
$423,219
13.5%
33
41
-19.5%
31
52
-40.4%
HOMES SOLD
25
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.2%
101.3% -0.1%
YTD 2021
YTD 2020
103
% CHANGE
105 -1.9%
102.1%
99.6% 2.5%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
103 105
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
1.9%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 8.58 0.58
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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
BOONTON TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
18
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 70
27 -33.3%
$13,981,305 $16,890,900 -17.2%
YTD 2020
% CHANGE
73 -4.1%
$51,456,752 $38,148,200 34.9%
MEDIAN SALE PRICE
$718,500
$615,000 16.8%
$719,750
$502,000 43.4%
AVERAGE SALE PRICE
$776,739
$625,588 24.2%
$735,096
$522,578 40.7%
34
67 -49.3%
50
68 -26.5%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
96.9%
99.1% -2.2%
98.8% 98.8% 0%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
63 72
YTD
2020
$2,000,000-$2,999,999
6 1
YTD
2020
1 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
12.5%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 5.25 0.38
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.50 2.00
$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
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
BRIDGEWATER TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
181
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021
YTD 2020
673
206 -12.1%
% CHANGE
620 8.5%
$367,842,840 $303,342,772
21.3%
$97,350,784
$101,265,504
-3.9%
MEDIAN SALE PRICE
$507,500
$465,044
9.1%
$530,000
$470,000
12.8%
AVERAGE SALE PRICE
$537,849
$491,580
9.4%
$546,572
$489,263
11.7%
32
40
-20%
31
47
-33.6%
101%
99.3%
1.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.6% 98.6% 3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2020
% CHANGE
YTD
2021
ç
23 9
ç
650 611
YTD
2021
$2,000,000-$2,999,999
6.4%
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
155.6%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
21 54.17 0.39
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 1.92 3.13
$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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
CALIFON ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
4
25%
$2,053,050
$1,426,900
43.9%
MEDIAN SALE PRICE
$399,000
$375,950
6.1%
$404,500
$354,950
14%
AVERAGE SALE PRICE
$410,610
$356,725
15.1%
$411,567
$333,921
23.3%
45
80
-43.8%
28
70
-60%
HOMES SOLD
5
TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.5%
YTD 2021
YTD 2020
36
% CHANGE
20 80%
$14,816,420 $6,678,420 121.9%
99.1% 1.4%
100.5%
98.8% 1.8%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
ç
36 20
YTD
2021
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
80%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 3.00 1.33
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.00 N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
CHATHAM BORO ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
34
42
-19%
$33,085,000
$42,025,000
-21.3%
MEDIAN SALE PRICE
$876,500
$886,500
-1.1%
AVERAGE SALE PRICE
$973,088
$1,000,595
-2.7%
32
50
-36%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.4%
YTD 2021
YTD 2020
178
% CHANGE
136 30.9%
$186,882,732 $126,987,464
99.2% 2.2%
$956,000
$850,638
47.2% 12.4%
$1,049,903 $933,731 12.4% 35 100.6%
48
-27.1%
98.4%
2.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
67 45
YTD
2020
7 1
% CHANGE
YTD
2021
YTD
2020
% CHANGE
0 0
NC
600%
48.9%
15.6%
$3,000,000 AND UP
ç
ç
ç
104 90
YTD
2020
$2,000,000-$2,999,999
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 8.67 0.46
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 5.58 0.36
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.58 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
CHATHAM TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
53
68
-22.1%
$58,744,500
$68,160,832
-13.8%
$975,000
$1,050,000
-7.1%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2021 218
% SALES PRICE TO LIST PRICE
38
52
-26.9%
99.6%
97.9%
1.7%
% CHANGE
208 4.8%
$249,050,680 $220,050,064
$1,108,386 $1,002,365 10.6%
AVERAGE DAYS ON MARKET
YTD 2020
13.2%
$1,080,000 $987,500 9.4% $1,142,434 $1,057,933 32
56
100.4%
8% -43.3%
97.5% 3.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2020
% CHANGE
YTD
2021
23 19
% CHANGE
YTD
2021
% CHANGE
2 1
21.1%
19.7%
YTD
2020
ç
8.9%
YTD
2020
$3,000,000 AND UP
ç
ç
91 76
ç
102 112
YTD
2021
$2,000,000-$2,999,999
100%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 8.50 0.71
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 7.58 1.58
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 1.92 1.04
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.17 6.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
CHESTER BORO ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
6
14
-57.1%
$3,624,000
$8,486,000
-57.3%
MEDIAN SALE PRICE
$636,500
$570,000
11.7%
$636,000
$553,750 14.9%
AVERAGE SALE PRICE
$604,000
$606,142
-0.4%
$623,995
$565,781 10.3%
20
72
-72.2%
30
84 -64.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.5%
YTD 2021
YTD 2020
22
% CHANGE
32 -31.3%
$13,727,899 $18,105,008 -24.2%
98% 3.6%
92.6%
97.8% -5.3%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
ç
22 32
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
31.3%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 1.83 0.55
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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
CHESTER TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
36
51
-29.4%
$28,962,100
$36,311,700
-20.2%
MEDIAN SALE PRICE
$702,000
$649,000
8.2%
$730,000
$679,000
7.5%
AVERAGE SALE PRICE
$804,502
$711,994
13%
$813,188
$709,455
14.6%
36
63
-42.9%
51
76
-32.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.2%
YTD 2021
YTD 2020
165
% CHANGE
164 0.6%
$134,175,964 $116,350,608
98.4% 1.8%
100.2%
15.3%
97.9% 2.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
37 19
YTD
2020
2 1
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
126 144
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
94.7%
12.5%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
6
MONTH’S SUPPLY
10.50 0.57
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 3.08 0.97
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 0.17 12.00
INVENTORY
AVG SALES PER MONTH
3 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
CLINTON TOWN ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
8
10
-20%
$3,820,500
$3,819,000
MEDIAN SALE PRICE
$473,750
AVERAGE SALE PRICE
YTD 2020
% CHANGE
48
53
-9.4%
0.04%
$20,041,500
$19,562,576
2.4%
$355,000
33.5%
$387,500
$350,000
10.7%
$477,562
$381,900
25%
$417,531
$369,105
13.1%
20
57
-64.9%
25
61
-58.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.5%
98.9% 2.6%
YTD 2021
101.2%
98.1% 3.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
ç
48 53
YTD
2020
$2,000,000-$2,999,999
% CHANGE
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
9.4%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 4.00 2.00
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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
CLINTON TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
48
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 238
72 -33.3%
$24,965,904 $32,748,828 -23.8%
% CHANGE
YTD 2020
238 0%
$123,282,536 $108,147,860
14%
MEDIAN SALE PRICE
$492,450 $465,000 5.9%
$492,500
$439,450
12.1%
AVERAGE SALE PRICE
$520,123
$454,844 14.4%
$517,994
$454,403
14%
30
40 -25%
31
55
-43%
102%
99.2% 2.8%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.4%
98.5% 2.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
232 237
YTD
2020
$2,000,000-$2,999,999
6 1
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
2.1%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
8
MONTH’S SUPPLY
19.33 0.41
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.50 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
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
FAR HILLS ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
7
TOTAL DOLLAR VOLUME
YTD 2021 23
7 0%
YTD 2020
% CHANGE
19
21.1%
$8,680,000
$4,866,000
78.4%
$27,357,496
$15,102,000
81.2%
$815,000
$678,000
20.2%
$755,000
$678,000
11.4%
MEDIAN SALE PRICE AVERAGE SALE PRICE
% CHANGE
$1,240,000 $695,142 78.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
$1,189,456 $794,842 49.6%
74
91
-18.7%
84
114
-26.4%
99.5%
95.2%
4.6%
94.8%
93.7%
1.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
% CHANGE
YTD
2021
NC
4 4
YTD
2020
2 0
% CHANGE
YTD
2021
YTD
2020
% CHANGE
2 0
ç
NC
YTD
2020
$3,000,000 AND UP
ç
15 15
YTD
2021
$2,000,000-$2,999,999
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 1.25 1.60
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.33 0.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
0 0.17 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 0.17 24.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
FLORHAM PARK ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
32
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 140
47 -31.9%
$23,423,778 $36,253,340 -35.4%
YTD 2020
% CHANGE
124 12.9%
$108,387,816 $91,037,560 19.1%
MEDIAN SALE PRICE
$662,500
$735,000 -9.9%
$680,000
$677,750
0.3%
AVERAGE SALE PRICE
$731,993
$771,347 -5.1%
$774,199
$734,173
5.5%
50 -34%
47
53
-12.2%
98.4% 98.4% 0%
99%
98.3%
0.7%
AVERAGE DAYS ON MARKET
33
% SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
YTD
2020
% CHANGE
YTD
2021
22 19
YTD
2020
2 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
116 105
$2,000,000-$2,999,999
$1,000,000-$1,999,999
YTD
2020
% CHANGE
0 0
NC
15.8%
10.5%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 9.67 0.83
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 1.83 3.27
$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
0 0.00 N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
HARDING TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
19
26
-26.9%
$31,513,088
$41,700,700
-24.4%
HOMES SOLD TOTAL DOLLAR VOLUME
YTD 2021 75
YTD 2020
% CHANGE
82
-8.5%
$127,298,488 $112,619,024
13%
MEDIAN SALE PRICE
$1,600,000 $1,425,000 12.3%
$1,490,000 $1,184,350 25.8%
AVERAGE SALE PRICE
$1,658,583 $1,603,873 3.4%
$1,697,313 $1,373,402 23.6%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
46
84
-45.2%
59
84
-29.8%
96.5%
91.6%
5.3%
96.5%
93.3%
3.5%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
NC
30 30
YTD
2020
19 14
34.3%
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
23 35
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
3 3
NC
35.7%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 1.92 1.57
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 2.50 2.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
2 1.58 1.26
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 0.25 28.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
LEBANON BORO ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
7
9
-22.2%
$1,762,000
$2,711,500
-35%
MEDIAN SALE PRICE
$250,000
$282,500
-11.5%
$302,500
$286,000
5.8%
AVERAGE SALE PRICE
$251,714
$301,277
-16.5%
$313,950
$294,676
6.5%
27
45
-40%
38
56
-32.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.7%
YTD 2021
% CHANGE
YTD 2020
32
17 88.2%
$10,046,427 $5,009,500 100.5%
97.8% 2.9%
100.2%
97.8% 2.4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
ç
32 17
$2,000,000-$2,999,999
% CHANGE
YTD
2020
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
88.2%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 2.67 1.13
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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
LEBANON TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
YTD 2021
YTD 2020
% CHANGE
26 0%
96
87
10.3%
$14,025,700 $12,587,000 11.4%
$48,039,900
$36,712,620
30.9%
HOMES SOLD
26
TOTAL DOLLAR VOLUME
% CHANGE
MEDIAN SALE PRICE
$460,000
$476,250 -3.4%
$447,500
$400,089
11.9%
AVERAGE SALE PRICE
$539,450
$484,115 11.4%
$500,416
$421,984
18.6%
53
44 20.5%
45
72
-37.1%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
99.6%
98.8% 0.8%
100.7%
97.6% 3.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
94 86
YTD
2020
$2,000,000-$2,999,999
2 1
9.3%
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
100%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 7.83 1.28
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.17 6.00
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
LONG HILL TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
35
49
-28.6%
$23,081,872
$27,068,800
-14.7%
$97,950,208
$78,704,320
24.5%
MEDIAN SALE PRICE
$599,000
$515,000
16.3%
$616,000
$514,500
19.7%
AVERAGE SALE PRICE
$659,482
$552,424
19.4%
$653,001
$562,174
16.2%
27
48
-43.8%
31
66
-52.9%
98.2% 2.8%
101%
97.6%
3.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.9%
YTD 2021
YTD 2020
150
% CHANGE
140 7.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
143 138
YTD
2020
$2,000,000-$2,999,999
7 2
3.6%
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
250%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
6
MONTH’S SUPPLY
11.92 0.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 0.58 3.43
$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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MADISON ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
40
63
-36.5%
$30,801,500
$54,064,300
-43%
MEDIAN SALE PRICE
$670,000
$706,000
-5.1%
$797,000
$723,500
10.2%
AVERAGE SALE PRICE
$770,037
$858,163
-10.3%
$953,987
$857,211
11.3%
29
38
-23.7%
32
48
-34.7%
97.9%
97.5%
0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
YTD 2021
YTD 2020
198
% CHANGE
204 -2.9%
$188,889,440 $174,871,032
99.6%
8%
97.7% 1.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
2020
% CHANGE
YTD
2020
% CHANGE
YTD
2021
68 47
YTD
2020
6 4
44.7%
19%
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
124 153
YTD
2021
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
50%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
8
MONTH’S SUPPLY
10.33 0.77
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 5.67 0.18
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 2.00 0.50
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MAPLEWOOD ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
76
112
-32.1%
$53,249,784
$78,675,472
-32.3%
MEDIAN SALE PRICE
$651,000
$706,000
-7.8%
$750,000
$670,000
11.9%
AVERAGE SALE PRICE
$700,655
$702,459
-0.3%
$758,242
$665,776
13.9%
24
22
9.1%
22
26
-15.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
107.9%
YTD 2021
YTD 2020
381
% CHANGE
389 -2.1%
$288,890,120 $258,986,712
107.2% 0.7%
11.5%
109.1% 104.9% 4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2020
% CHANGE
YTD
2021
65 35
YTD
2020
1 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
315 354
YTD
2021
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
85.7%
11%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
12 26.25 0.46
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 5.42 0.00
$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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MENDHAM BORO ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
21
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 97
27 -22.2%
$19,714,500 $26,337,650 -25.1%
YTD 2020
% CHANGE
94 3.2%
$82,013,704 $67,697,152 21.1%
MEDIAN SALE PRICE
$842,500
$735,000
14.6%
$714,000
$625,000 14.2%
AVERAGE SALE PRICE
$938,785
$975,468
-3.8%
$845,502
$720,182 17.4%
81 -54.3%
53
70 -24.5%
AVERAGE DAYS ON MARKET
37
% SALES PRICE TO LIST PRICE
101.2%
94.8% 6.8%
98.3%
95.7% 2.7%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
4.9%
1 2
70%
% CHANGE
YTD
2021
YTD
2020
2 1
50%
% CHANGE
ç
17 10
YTD
2020
$3,000,000 AND UP
ç
ç
ç
77 81
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 6.42 0.47
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 1.42 3.53
$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
MONTH’S SUPPLY
2 0.17 12.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MENDHAM TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
23
47
-51.1%
$25,745,924
$43,254,020
-40.5%
$910,000
$832,500
9.3%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2021 146
% SALES PRICE TO LIST PRICE
% CHANGE
147 -0.7%
$164,373,520 $124,707,576
$1,119,388 $920,298 21.6%
AVERAGE DAYS ON MARKET
YTD 2020
$952,550
$781,369
31.8% 21.9%
$1,125,846 $848,351 32.7%
57
63
-9.5%
61
66
-7.6%
94.3%
96.1%
-1.9%
97.5%
96.4%
1.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
7 0
% CHANGE
YTD
2021
YTD
2020
% CHANGE
4 0
ç
52 36
YTD
2020
$3,000,000 AND UP
ç
ç
ç
83 111
YTD
2020
$2,000,000-$2,999,999
44.4%
25.2%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 6.92 0.43
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
10 4.33 2.31
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.58 1.71
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.33 3.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MILLBURN ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
% CHANGE
114
-30.7%
79
TOTAL DOLLAR VOLUME
$105,539,880 $153,214,624 -31.1%
YTD 2021
YTD 2020
395
% CHANGE
369 7%
$597,511,892 $505,719,616
18.2%
MEDIAN SALE PRICE
$1,250,000 $1,255,000 -0.4%
$1,350,000 $1,228,000 9.9%
AVERAGE SALE PRICE
$1,335,947 $1,343,987 -0.6%
$1,512,688 $1,370,514 10.4%
AVERAGE DAYS ON MARKET
32
% SALES PRICE TO LIST PRICE
48
100.6%
32
-33.3%
97.9% 2.7%
51
100.6%
-37.3%
97.8% 2.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
61 48
8.2%
9.2%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
ç
184 170
YTD
2020
$3,000,000 AND UP
ç
ç
ç
128 141
YTD
2020
$2,000,000-$2,999,999
22 10
120%
27.1%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
4
MONTH’S SUPPLY
10.67 0.38
INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
15.33 0.26
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 5.08 0.79
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
7 1.83 3.82
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MORRIS PLAINS ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
29
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 104
33 -12.1%
$15,034,000 $16,738,300 -10.2%
% CHANGE
YTD 2020
91 14.3%
$55,954,180
$45,666,768
22.5%
MEDIAN SALE PRICE
$515,000
$558,000 -7.7%
$540,000
$500,000
8%
AVERAGE SALE PRICE
$518,413 $507,221 2.2%
$538,021
$501,833
7.2%
26
39
-32.4%
AVERAGE DAYS ON MARKET
24
% SALES PRICE TO LIST PRICE
31 -22.6%
99.5% 99.5% 0%
101.5%
98.9% 2.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
ç
104 91
$2,000,000-$2,999,999
% CHANGE
YTD
2020
YTD
2021
NC
0 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
14.3%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
9 8.67 1.04
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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MORRIS TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
115
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 422
125 -8%
% CHANGE
YTD 2020
387 9%
$297,106,048 $254,628,836
16.7%
$78,392,600
$84,984,936
-7.8%
MEDIAN SALE PRICE
$625,500
$669,900
-6.6%
$650,000
$624,900
4%
AVERAGE SALE PRICE
$681,674
$679,879
0.3%
$704,043
$657,956
7%
29
33
-12.1%
30
43
-28.9%
101.8%
99.1%
2.7%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.2%
98.7% 2.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
42 26
4.7%
YTD
2020
2 0
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
378 361
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
61.5%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
19 31.50 0.60
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 3.50 0.29
$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
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
MORRISTOWN ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
54
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 208
59 -8.5%
$35,713,600 $28,771,180 24.1%
YTD 2020
% CHANGE
177 17.5%
$120,205,800 $88,791,912 35.4%
MEDIAN SALE PRICE
$546,250
$475,000
15%
$501,500
$445,000
12.7%
AVERAGE SALE PRICE
$661,362
$487,647
35.6%
$577,913
$501,649
15.2%
33 18.2%
38
42
-9%
AVERAGE DAYS ON MARKET
39
% SALES PRICE TO LIST PRICE
100%
98.8%
1.2%
100.8%
98.1% 2.8%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2020
0 0
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
1 0
ç
12 4
YTD
2021
ç
ç
195 173
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999
200%
12.7%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 16.25 0.86
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
4 1.00 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
1 0.08 12.00
10 Year Market History
© 2022 Turpin Realtors
Source: GSMLS 1/10/22 & Trendgraphix
MOUNTAIN LAKES ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
19
23
-17.4%
$16,796,074
$19,395,500
-13.4%
$99,491,216
$76,210,008
30.5%
MEDIAN SALE PRICE
$816,000
$820,000
-0.5%
$850,000
$750,000
13.3%
AVERAGE SALE PRICE
$884,003
$843,282
4.8%
$965,934
$837,472
15.3%
38
48
-20.8%
39
83
-52.8%
98.1% 4.9%
99.6%
96.1%
3.6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.9%
YTD 2021
% CHANGE
YTD 2020
103
91 13.2%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
28 20
5.7%
YTD
2021
ç
ç
74 70
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
2020
1 1
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
40%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
2 6.17 0.32
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
3 2.33 1.29
$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
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Source: GSMLS 1/10/22 & Trendgraphix
NEW PROVIDENCE ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
46
64
-28.1%
$33,140,900
$44,261,104
-25.1%
MEDIAN SALE PRICE
$690,500
$625,000
10.5%
$700,000
$640,000
9.4%
AVERAGE SALE PRICE
$720,454
$691,579
4.2%
$726,321
$682,706
6.4%
31
27
14.8%
25
43
-42.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
102.2%
YTD 2021
YTD 2020
203
% CHANGE
179 13.4%
$147,443,112 $122,204,352
100.3% 1.9%
102.3%
20.7%
99.1% 3.2%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
185 166
YTD
2020
$2,000,000-$2,999,999
18 13
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
38.5%
11.4%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
5
MONTH’S SUPPLY
15.42 0.32
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 1.50 0.67
$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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
PEAPACK-GLADSTONE ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
9
0%
$9,598,150
$7,960,000
20.6%
$47,166,776 $31,104,500 51.6%
$762,150
$725,000
5.1%
$727,500 $705,000 3.2%
HOMES SOLD
9
TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2021 48
$1,066,461 $884,444 20.6%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
64
54
18.5%
98.8%
95.4%
3.6%
YTD 2020
% CHANGE
36 33.3%
$982,641
$864,013 13.7%
53
58 -8.9%
96.7%
95.2% 1.5%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
0 2
180%
10.3%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
2 0
ç
14 5
YTD
2020
$3,000,000 AND UP
ç
ç
ç
32 29
YTD
2020
$2,000,000-$2,999,999
100%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 2.67 0.00
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 1.17 0.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
1 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.17 0.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
RANDOLPH TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
84
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 329
131 -35.9%
$49,021,948 $74,954,600 -34.6%
YTD 2020
% CHANGE
372 -11.6%
$203,553,904 $205,113,816
-0.8%
MEDIAN SALE PRICE
$563,000 $545,000 3.3%
$600,000
$537,500
11.6%
AVERAGE SALE PRICE
$583,594 $572,172 2%
$618,704
$551,381
12.2%
46
-29.9%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
33
34 -2.9%
32
101%
99.7% 1.3%
101.6%
99%
2.6%
Sales by Price $0-$999,999 YTD
2021
YTD
2020
$1,000,000-$1,999,999
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
318 366
YTD
2020
$2,000,000-$2,999,999
11 6
13.1%
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
83.3%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 26.50 0.49
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.92 1.09
$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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
READINGTON TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
69
100
-31%
$38,761,426
$49,804,580
-22.2%
MEDIAN SALE PRICE
$541,500
$517,000
4.7%
$520,000
$490,000
6.1%
AVERAGE SALE PRICE
$561,760
$498,045
12.8%
$539,561
$482,408
11.8%
41
55
-25.5%
61
-34.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.2%
YTD 2021
YTD 2020
289
% CHANGE
288 0.3%
$155,933,174 $138,933,492
98.7% 1.6%
40 101.4%
12.2%
98.9% 2.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2020
% CHANGE
YTD
2021
3 0
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
1 0
ç
ç
ç
285 288
YTD
2021
$2,000,000-$2,999,999
1%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
17 23.75 0.72
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.25 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 0.08 0.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
SUMMIT ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
% CHANGE
99
-18.2%
81
TOTAL DOLLAR VOLUME
$100,769,352 $118,769,768 -15.2%
YTD 2020
405
% CHANGE
363 11.6%
$498,958,120 $413,681,304
20.6%
4.6%
$1,050,000 $960,000 9.4%
$1,244,066 $1,199,694 3.7%
$1,231,995 $1,139,618 8.1%
$999,000
MEDIAN SALE PRICE AVERAGE SALE PRICE
YTD 2021
AVERAGE DAYS ON MARKET
$955,000
41
% SALES PRICE TO LIST PRICE
46
99.9%
34
-10.9%
99%
0.9%
46
100.7%
-26.3%
98.3% 2.5%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
38 28
13%
3.2%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
ç
156 138
YTD
2020
$3,000,000 AND UP
ç
ç
ç
196 190
YTD
2020
$2,000,000-$2,999,999
15 7
35.7%
114.3%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
11 16.33 0.67
INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
13.00 0.31
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 3.17 0.32
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 1.25 0.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
TEWKSBURY TWP. ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
27
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 134
50 -46%
$19,982,150 $39,673,568 -49.6%
YTD 2020
% CHANGE
158 -15.2%
$111,640,688 $111,915,512
-0.2%
MEDIAN SALE PRICE
$705,000
$737,500 -4.4%
$750,000
$667,500
12.4%
AVERAGE SALE PRICE
$740,079
$793,471 -6.7%
$833,139
$708,326
17.6%
57 -31.6%
62
96
-35.9%
97.2% 2.1%
98.5%
AVERAGE DAYS ON MARKET
39
% SALES PRICE TO LIST PRICE
99.2%
97%
1.6%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
27 14
25.4%
YTD
2020
1 2
% CHANGE
YTD
2021
ç
ç
ç
106 142
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
50%
92.9%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 8.83 0.91
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
6 2.25 2.67
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
5 0.08 60.00
INVENTORY
AVG SALES PER MONTH
2 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
WARREN ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
53
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021 256
66 -19.7%
$49,412,156 $58,256,916 -15.2%
YTD 2020
% CHANGE
205 24.9%
$234,389,532 $166,028,424
41.2%
MEDIAN SALE PRICE
$810,000 $795,000 1.9%
$840,000
$751,000
11.9%
AVERAGE SALE PRICE
$932,304 $882,680 5.6%
$915,584
$809,895
13%
43 27.9%
46
63
-27.3%
99.9% 97% 3%
99.4%
96.6%
2.9%
AVERAGE DAYS ON MARKET
55
% SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
72 44
11.9%
YTD
2020
5 1
63.6%
% CHANGE
YTD
2021
ç
ç
ç
179 160
YTD
2020
$3,000,000 AND UP
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
400%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
16 14.92 1.07
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 6.00 2.33
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
1 0.42 2.40
INVENTORY
AVG SALES PER MONTH
1 0.00
MONTH’S SUPPLY
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) ANNUAL MARKET REPORT 2021
Overview Q4 2021
Q4 2020
% CHANGE
67
79
-15.2%
$38,602,400
$40,836,140
-5.5%
MEDIAN SALE PRICE
$525,000
$490,000
7.1%
$530,000
$475,000
11.6%
AVERAGE SALE PRICE
$576,155
$516,913
11.5%
$546,265
$493,384
10.7%
29
38
-23.7%
28
61
-54.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
101.9%
YTD 2021
YTD 2020
289
% CHANGE
293 -1.4%
$157,870,568 $144,561,776
101% 0.9%
9.2%
102.8% 98.8% 4%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
ç
ç
285 291
YTD
2020
$2,000,000-$2,999,999
4 2
YTD
2020
0 0
$3,000,000 AND UP
% CHANGE
YTD
2021
NC
YTD
2020
% CHANGE
0 0
NC
100%
2.1%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
13 23.75 0.55
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
1 0.33 3.00
$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
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
WATCHUNG ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
30
% CHANGE
YTD 2021
YTD 2020
111
21 42.9%
% CHANGE
79 40.5%
$25,788,312 $15,189,400 69.8%
$97,181,744
$60,125,432
61.6%
MEDIAN SALE PRICE
$762,500 $699,000 9.1%
$775,000
$662,500
17%
AVERAGE SALE PRICE
$859,610
$723,304 18.8%
$875,511
$761,081
15%
AVERAGE DAYS ON MARKET
37
66 -43.9%
48
58
-17.2%
% SALES PRICE TO LIST PRICE
98.8%
97.3% 1.5%
98%
TOTAL DOLLAR VOLUME
96%
2.1%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
30 13
YTD
2020
0 1
130.8%
24.6%
$3,000,000 AND UP
% CHANGE
YTD
2021
ç
ç
ç
81 65
YTD
2020
$2,000,000-$2,999,999
YTD
2020
% CHANGE
0 0
NC
100%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
8 6.75 1.19
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
5 2.50 2.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
2 0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.00 N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
WESTFIELD ANNUAL MARKET REPORT 2021
Overview Q4 2021 HOMES SOLD
Q4 2020
103
TOTAL DOLLAR VOLUME
% CHANGE
YTD 2021
YTD 2020
512
140 -26.4%
% CHANGE
513 -0.2%
$493,396,320 $443,724,816
11.2%
$94,461,632
$125,730,440
-24.9%
MEDIAN SALE PRICE
$830,000
$825,000
0.6%
$879,500
$800,000
9.9%
AVERAGE SALE PRICE
$917,103
$898,074
2.1%
$963,665
$864,961
11.4%
33
42
-21.4%
32
50
-36.6%
99.7%
99.3%
0.4%
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
100.7%
98.9% 1.9%
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
2021
YTD
2020
% CHANGE
YTD
2021
% CHANGE
YTD
2021
13 3
10.9%
7.3%
% CHANGE
YTD
2021
YTD
2020
% CHANGE
ç
152 137
YTD
2020
$3,000,000 AND UP
ç
ç
ç
345 372
YTD
2020
$2,000,000-$2,999,999
2 1
333.3%
100%
Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
14 28.75 0.49
INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
12.67 0.55
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
$3,000,000 AND UP
MONTH’S SUPPLY
4 1.08 3.69
INVENTORY
AVG SALES PER MONTH
MONTH’S SUPPLY
0 0.17 0.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 1/10/22 & Trendgraphix
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