January-March, 2008 Branchburg Closed Sales Stats
The following table contains closed residential real estate transactions in Branchburg for the first calendar quarter of 2008 (January 1 to March 31). 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.
Note that there were only twelve closed transactions for the entire quarter. Even in 2007, most single months produced more closed sales. There is no more graphic indicator available of the accelerating sales slowdown in the local market.
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 |
| 418 Azalea | 302,900 | 258,000 | 85 | 230 |
| 816 Magnolia | 274,900 | 257,000 | 93 | 276 |
| 514 Azalea | 278,500 | 264,000 | 95 | 44 |
| 136 Arbor | 299,900 | 272,000 | 91 | 140 |
| 556 Old York | 439,000 | 348,000 | 79 | 138 |
| 6 Pamlico | 399,900 | 384,000 | 96 | 85 |
| 27 Apache | 409,900 | 397,500 | 97 | 43 |
| 30 Buffalo Hollow | 435,000 | 400,000 | 92 | 244 |
| 24 Watchung | 449,500 | 430,000 | 96 | 73 |
| 14 Strawberry Hill | 489,000 | 470,000 | 96 | 58 |
| 553 Whiton | 649,000 | 495,000 | 76 | 600 |
| 89 Libby | 718,800 | 552,000 | 77 | 452 |
AVERAGES: 199 Days-on-Market; SALE PRICE: 89% of original list price.
Branchburg Monthly Sales Stats