James Thomas Boyer

Real estate sales in Randolph New Jersey during the 2009 sales year were not too bad actually.  For the year there were about 206 homes sold.  I say about 206 homes because I am writing this article with 1 day left to go in the year and a few more homes could be closing on December, 31st 2009.

With the home buyer credit available during much of 2009 and being extended into 2010 homes in the lower to mid-range  prices dominated the sales during all of 2009.  This is understandable as the way the tax credit was structured, couples needed to be earning less then $150,000 and singles less then $75,000 to claim the tax credit.  Those low numbers meant that first time buyers generally could not afford a home more the $450,000.

When the tax credit was extended the feds raised the income limits to $225,000 for couples and $125,000 for singles.  To claim your tax credit you need to be under contract by April 30th 2010 and closed by June 30th 2010.

Randolph NJ Real Estate

Average home sale price $511,688   
Median  home sale price $487,250   

Average % of list price homes sold for 95.6%

As you can see your typical home in Randolph New Jersey sold within 5% of list price.  There are still would be home buyers out there who believe that there is a good chance of purchasing a home by offering 20% below asking price.  The numbers don’t lie, offers that low are extremely unlikely to work.

Interested in Randolph New Jersey area homes for sale? visit one of the best home search web pages available.  Randolph NJ Homes For Sale

Cheers,

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

Randolph NJ Realtor

Tags: Randolph NJ Real Estate Sales, Randolph NJ Realtor, RE/MAX Properties Unlimited

This entry was posted on Thursday, December 31st, 2009 at 12:13 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.