Chatham NJ Real Estate On A Better Course

July was a very good month for Chatham New Jersey home sales.  36 homes sold and closed during the month.  Not bad at all.  Considering there are 143 homes currently for sale in Chatham and 39 homes which are under contract and awaiting transfer to their new owners.  I know this is not precise but a ruff estimate would be that we currently have only 5 months supply of homes for sale in Chatham New Jersey.

The Chatham New Jersey Real Estate market July Sales

Chatham Boro New Jersey Home Sales For July 2008

1. 157  N HILLSIDE AVE  $389,900  Colonial 3br 1.1ba $380,000  15 DOM
2. 131  N PASSAIC AVE  $399,000  Ranch 3br 1ba $376,000  120 DOM
3. 22  Fuller Avenue  $430,000  Ranch 3br 1.1ba $405,000  29 DOM
4. 128  N HILLSIDE AVE  $449,900  SplitLev 3br 1.1ba $440,000  12 DOM
5. 12  Woodland Rd  $529,000  SplitLev 5br 2.1ba $555,000  22 DOM
6. 15  CORNELL PL  $539,000  SplitLev 3br 2ba $510,000  52 DOM
7. 57  HEDGES AVE  $599,000  Colonial 3br 3ba $585,000  60 DOM
8. 15  Parrott Mill Road  $599,999  SeeRem,Custom,SplitLev 3br 3ba $563,000  103 DOM
9. 90  CENTER AVE  $619,900  SplitLev 3br 2.1ba $612,500  9 DOM
10. 137  Fairmount Ave  $639,000  RanchExp 4br 3.1ba $705,000  4 DOM
11. 151  Center Avenue  $667,500  CapeCod 3br 2ba $631,000  41 DOM
12. 102  HILLSIDE AVE  $699,000  Colonial 4br 2.1ba $700,000  86 DOM
13. 98  Washington Ave.  $749,000  Colonial 4br 1.1ba $725,000  23 DOM
14. 16  OLIVER ST  $749,000  Colonial 3br 1.1ba $740,000  24 DOM
15. 30  Garden Avenue  $749,000  Colonial 4br 2.1ba $731,500  33 DOM
16. 95  Hillside Ave  $824,900  Colonial 4br 2.1ba $775,000  89 DOM
17. 104  WASHINGTON AVE  $847,875  Colonial 4br 2.1ba $837,500  53 DOM
18. 15  Fairview Ave  $1,250,000  Custom 5br 3.1ba $1,250,000  49 DOM

Chatham Township New Jersey Home Sales For July 2008

1. 6F  Heritage Drive  $315,000  OneFloor 1br 1ba $306,000  14 DOM
2. 21B  Heritage Drive  $329,000  TwnIntUn 1br 1ba $312,000  100 DOM
3. 22F  HERITAGE DR  $409,900  OneFloor 2br 2ba $390,000  17 DOM
4. 7  Lexington Ct  $425,000  TwnIntUn 2br 1.1ba $425,000  30 DOM
5. 685   River Road  $459,000  CapeCod 3br 2ba $460,000  15 DOM
6. 228  SHUNPIKE RD  $549,000  CapeCod 3br 2ba $527,500  36 DOM
7. 223  RIVEREDGE DR  $575,000  TwnEndUn 3br 2.1ba $550,000  43 DOM
8. 742  River Road  $799,000  Colonial 4br 2.2ba $799,000  14 DOM
9. 34  Runnymede Road  $835,000  CapeCod 3br 2ba $835,000  60 DOM
10. 49  Wickham Way  $998,000  Colonial 4br 2.1ba $990,000  18 DOM
11. 20  GLENMERE DR  $1,274,900  Colonial 4br 2.1ba $1,237,500  123 DOM
12. 6  Sterling Drive  $1,325,000  TwnIntUn 3br 4.1ba $1,275,000  1 DOM
13. 65  Rolling Hill Drive  $1,370,000  Colonial,SplitLev 4br 2.1ba $1,325,000  95 DOM
14. 146  Van Houton Avenue  $1,375,000  Colonial 4br 3.1ba $1,307,500  20 DOM
15. 11  Ridge Rd.  $1,375,000  Colonial 6br 4.1ba $1,300,000  148 DOM
16. 7  TREE TOP LN  $1,589,000  Colonial 5br 3.1ba $1,530,000  58 DOM
17. 107  Westminster Road  $1,680,000  Colonial 4br 4.1ba $1,680,000  21 DOM
18. 35  Westminster Road  $1,699,000  Colonial 4br 4.1ba $1,699,000  28 DOM

Things are looking brighter for the Chatham New Jersey real estate markets.  This does not mean we have moved back into a sellers market.  Home sellers who intend to actually sell, need to show the buyers the value.  Pricing is very important, if you want to sell your home for 600K but no reasonable buyer is going to pay more than 550K you better price your home at 550K  or you may as well not even put your home on the market.  The home buyers are not dumb, and they for the most part don’t even look at homes they feel are even a little bit over priced.

James Boyer
Chatham NJ REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct

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