James Thomas Boyer

2009 was another slower year for home sales in Morris Township New Jersey.  With just 201 homes sold during 2009 we had just 77.6% as many homes sold as in 2008.  All this after 2008 having only 81.7% as many home sales as in 2007.

Let me through out some actual numbers here so you see this in a different way.

Morris Township NJ Home Sales by the year

317 Sales — 2007

259 Sales– 2008
201 Sales– 2009

Not so good I am guessing you are thinking.  The reality is that most of the towns around Morris County will have similar numbers.

Here are some other Morris Township NJ Home Sales statistics for you to chew on.

Morris Township NJ Average Home Price

$644,945 Average Morris Township Home Sale Price 2007
$603,039 Average Morris Township Home Sale Price 2008

$542,001 Average Morris Township Home Sale Price 2009

Just to break that down for you,  prices were off 6.5% from 2007 to 2008 and then another 10.1% from 2008 to 2009 for a total drop since the beginning 2007 of 16%.  Not exactly what the news media has lead you to believe I bet.  On top of that the average home in Morris Township sold for 95.9% of list price during 2009 so if you were thinking of going out there and offering people 20% below ask and thinking you were likely to get a good response think again.

Written by James Boyer, Your Morris Township NJ Realtor

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

Well, it is the end of July and I thought I would through some more market statistics out for everyone to take a look at.  This time I am talking about Morris Township New Jersey.  That wonderful peaceful place that surrounds Morristown New Jersey like a donut.  Just so you know, Morris Township has two distinctive sides, to the East of I287 you have the Convent Station section, which includes the Convent Station train station of New Jersey transit, and to the west of Morristown you have Western Morris Township, which is more like living in a well sculpted forest. (more…)