Archive for September, 2007

August, 2007 Branchburg Closed Sales Stats

The following table contains closed residential real estate transactions in Branchburg for August, 2007. However, unlike the inaccurate information promulgated by most agents and media sources, the “DOM” (Days on Market) column indicates the sum of days-on-market accrued through serial listings of the same home (it is a common agent “trick” to withdraw and re-list a home, in order to create the public impression of a “fresh” home that has seen fewer days on market). In addition, the “OLP” (Original List Price) column reflects the list price of each home at the time it was first offered for sale.

Sales statistics posted at Branchblog will always be cross-checked to provide the most accurate and unbiased housing market snapshot possible.

Please direct specific inquiries to Chip Hughes at (908) 334-2329 or chip.hughes@att.net. Better yet, leave a comment!

All information is deemed accurate, but not guaranteed, and is provided courtesy of Garden State Multiple Listing System:

Address OLP Sale Price % of OLP DOM
1717 Breckenridge 299,900 269,900 90 100
115 Crestwood 345,000 345,000 100 64
219 Lindsay 449,900 418,000 93 71
335 Readington 559,900 465,000 83 404
900 Old York 599,000 475,000 79 572
122 Windy Willow 497,000 479,000 96 63
37 Starling 575,000 495,000 86 229
10 Mulberry 549,777 510,000 93 124
506 Woodside 599,900 550,000 92 145
200 Grandview 575,000 562,500 98 67
3363 Lukes Pond 642,000 560,000 87 132
7 Kensington 659,000 615,000 93 193
8 Oak Hill 719,900 600,000 83 358
3343 Lukes Pond 689,000 685,000 99 13

AVERAGES: 181 Days-on-Market; SALE PRICE: 91% of original list price.