Morristown NJ Real Estate Sales Spring 2009
The spring real estate market here in Morristown NJ got off to a slower start than the 2008 market did. Things seem to be shifting a little bit though as we head to the latter part of the spring home selling market.
Some evidence that has effected me personally, the new home listing I put on the market last week at 28 Dellwood Ave in Morris Twp. had a great open house with more then 25 visitors, and the number of showings during the week has been very strong with more than 12 showings in the first 6 days. Also the number of people I am talking to who are getting pre-approved for mortgages and going out to look at homes has gone up quite a bit the past 5 weeks, as compaired to the beginning of the year.
Morristown NJ Real Estate Sales April 2009
- 13 COBB PL $179,900LP Colonial 3br 1ba $185,464SP 81DOM
- 3 BELLEVUE TER $192,900LP Colonial 3br 1ba $190,000SP 112DOM
- 27 COBB PL $259,900LP OneFloor 1br 1ba $235,000SP 103DOM
- 17 LIBERTY ST $324,900LP Colonial 2br 2ba $313,000SP 112DOM
- 19(aka15) Willard Place $349,000LP Colonial 3br 1ba $335,000SP 34DOM
- 11-B DORADO DR $359,000LP TwnIntUn 2br 2.2ba $344,000SP 27DOM
- 47 LAKE ROAD $374,900LP Colonial 4br 3.1ba $390,000SP 253DOM
- 7 Prospect Street 501 $379,900LP OneFloor 1br 1ba $317,000SP 32DOM
- 177 MILLS ST $415,000LP CapeCod 3br 2.1ba $397,500SP 19DOM
- 23 SAND HILL RD $425,000LP CapeCod 4br 2ba $429,000SP 28DOM
- 43 Georgian Road $475,000LP Colonial 3br 1.2ba $445,000SP 68DOM
- 13 DOGWOOD RD $479,900LP SplitLev 4br 2ba $461,000SP 56DOM
- 44 Macculloch $999,000LP Victrian 7br 3.1ba $970,000SP 24DOM
The Town home which sold on Dorado Dr. is part of the very popular Convent Mews Town home community located on the border of Morristown and Convent Station (Popular Morris Twp., Neighborhood).
The Prospect Street condo is part of the Vail Commons high rise project located between Prospect St. and Speedwell Ave. on Morristown’s North Side.
James Boyer
Morristown NJ Realtor
Morristown NJ Real Estate Expert
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct
Tags: 28 Dellwood Ave in Morris Twp, Morristown NJ Real Estate, Morristown NJ Realtor
June 12th, 2009 at 5:59 pm
Are you seeing prices fall or is the market stable there?
June 15th, 2009 at 7:20 am
Wow … amazing sales.
June 26th, 2009 at 10:42 am
OMG.. awesome sales.. thanks for sharing!
August 4th, 2009 at 12:36 am
Ok I know that there is still tons of bad news out there and plenty of reasons to believe it but here are a few things that MIGHT indicate that the real estate market is starting to firm up in Phoenix.
1. A mortgage lender friend of mine says that April will be his best month since 2005.
2. I wrote purchase contracts on two different properties today and received offers on two different listings this weekend. This constitutes the busiest weekend I have had in four years. One of the offers I received was for full price.
3. My wife, an escrow officer, says that April will be her busiest month since 2005. About 50% of the transactions are refinancing of existing mortgages and 50% purchase contracts. Yes, most of the contracts are of lower priced foreclosures but its still promising to see that so many people believe prices now “make sense”.
4. We have received more buyer leads over the last two weeks than we have in four years.
5. We are finding properties priced low enough that one can easily enjoy positive cash flow if they buy and then rent the property out.
I’m not saying that we can now declare that the bust is over and full steam ahead but if things keep going in this direction we very well may be seeing the beginning of a recovery.
August 25th, 2009 at 12:56 am
Such a good sale show that NJ real estate is covering its destination so fast. Thanks for sharing.
January 9th, 2010 at 2:33 am
Just reading through your blog for the first time. I like the layout and color. Everything flows together very nice. Seems like the market may be starting to turn around slowly.