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

There were 7 homes sold and closed in Randolph New Jersey in March 2009.  This compairs to 19 during the same month in 2008.  The recession has really put the fear into the potential Randolph NJ home buyer this year. 

This creates very good opportunities for first time home buyers and move up home buyers who are looking at towns like Randolph.  The reason for this is that the higher the price point the home falls into the harder it has been hit value declines over the past few years.   This trend is not likly to continue long into the future though.  Randolph New Jersey will likely move in the future to a market where all price points tend to appreciate at about the same rate, which is the norm for most real estate markets over time.

 Randolph NJ Real Estate March 2009

Randolph 54  WINDSOR AVENUE  $359,900LP  Ranch 3BR 2BA $350,000SP  63DOM
Randolph 1  WILLOW DR  $500,000LP  Custom 3BR 2.1BA $470,000SP  100DOM
Randolph 27  WILKESHIRE BLVD  $646,000LP  Colonial 4BR 2.1BA $621,000SP  127DOM
Randolph 42  W HANOVER AVE  $679,900LP  Colonial 5BR 3BA $645,000SP  38DOM
Randolph 9   CAMBRIDGE CT  $709,900LP  Colonial 4BR 3.1BA $675,000SP  70DOM
Randolph 1  LEWIS HOLLOW RD  $899,000LP  Colonial 5BR 2.1BA $857,500SP  56DOM
Randolph 104  CARRELL RD  $995,000LP  Colonial 4BR 4.1BA $950,000SP  110DOM

If you are thinking of buying or selling a home in or around Randolph New Jersey a good place to do your research some of your research is at Randolph NJ Homes For Sale where you will find every home currently for sale in Randolph New Jersey, and you can search all the other towns in Morris County as well.

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