Maplewood NJ Condo Sales Comparison

I have been looking at different segment of the real estate market for different towns to try to see where the strength and weakness is.  Today’s article takes a look at a segment of the Maplewood NJ Real Estate market that has been strong in some of the other towns.  So today we are looking at:

The Maplewood NJ Condo Sales Comparison

Maplewood NJ Condo Sales 2007–34
Maplewood NJ Condo Sales 2007–24
Decrees of 29.5%

Maplewood NJ Condo Average List Price 07–$363,252
Maplewood NJ Condo Average List Price 08–$242,491
Decrees of 33.3%

 Maplewood NJ Condo Average Sold Price 07–$351,600
Maplewood NJ Condo Average Sold Price 08–$233,083
Decrees of 33.7%

Maplewood NJ Condo Median List Price 07–$329,000
Maplewood NJ Condo Median List Price 08–$227,500
Decrees of 30.9%

Maplewood NJ Condo Median Sold Price 07–$312,000
Maplewood NJ Condo Median Sold Price 08–$235,100
Decrees of 24.7%

Maplewood NJ Condo Average Days To Sell 07–57.9
Maplewood NJ Condo Average Days To Sell 08–77.8

Highest Priced Maplewood NJ Condo Sold 07–$1,800,000
Highest Priced Maplewood NJ Condo Sold 08–$360,000

Do I really think that condo prices in Maplewood New Jersey are off more than 30% for a apples to apples comparison of condos?  NO I really don’t believe that at all.  There were more high priced Maplewood NJ Luxury Condos sold in 2007 than in 2008.  In fact I don’t think that there were any Maplewood NJ Luxury Condos sold in 2008.  The feeling in the market place among Maplewood NJ area REALTORS is that actual condo prices are off about 15% to possibly 20% but that is really just a guess.

Want to read more about the local real estate markets, visit the NJ Real Estate Blog.

To read about the luxury real estate market in Millburn NJ visit the Millburn NJ Luxury Real Estate article