West Orange

S e p t e m b e r

2 0 1 3

M a r k e t

S n a p s h o t

Bev & Bob Homes, LLC, www.BevAndBobSELLHomes.com, 201-647-6144, rmeaux@verizon.net

Units

Address

Style

Bedrms Baths

DOM Final List Price

Sales Price

SP:FLP

Actual Original List

DOM
Price

SP:OLP

Total Assessment
SP:AV

141 Mt Pleasant Avenue Colonial

1.0

$186,120

$190,000

102.08%

$186,120

102.08%

$301,200

0.63

23 Nutman Place

Colonial

1.0

73

$199,000

$160,000

80.40%

73

$219,900

72.76%

$196,900

0.81

19 Cerone Court

FirstFlr

2.0

11

$199,000

$220,320

110.71%

11

$199,000

110.71%

$214,100

1.03

14 N Koewing Place

SplitLev

3.0

115

$225,000

$205,000

91.11%

115

$225,000

91.11%

$350,700

0.58

10 Smith Manor Blvd

HighRise

2.0

12

$225,000

$225,000

100.00%

12

$225,000

100.00%

$206,200

1.09

74 Walker Road

Colonial

1.1

315

$238,880

$240,000

100.47%

315

$388,880

61.72%

$356,000

0.67

14 Beech Road

CapeCod

2.0

18

$239,000

$219,000

91.63%

18

$239,000

91.63%

$308,800

0.71

67 Llewellyn Avenue

Colonial

2.0

155

$239,900

$238,000

99.21%

155

$239,900

99.21%

$211,600

1.12

37 Nestro Road

CapeCod

1.0

43

$249,000

$247,000

99.20%

229

$299,900

82.36%

$181,400

1.36

10 66 Hart Drive

TwnIntUn

1.1

43

$249,000

$242,000

97.19%

43

$249,000

97.19%

$243,000

1.00

11 113 Coccio Drive

TwnIntUn

2.1

60

$260,000

$242,500

93.27%

60

$260,000

93.27%

$270,300

0.90

12 14 Oak Crest Road

CapeCod

1.1

272

$265,000

$246,000

92.83%

272

$325,000

75.69%

$289,000

0.85

13 20 Fairway Drive

SplitLev

1.1

20

$279,900

$300,000

107.18%

20

$279,900

107.18%

$280,100

1.07

14 15 Tompkins Street

TwnIntUn

2.1

48

$289,900

$283,000

97.62%

262

$349,999

80.86%

$255,100

1.11

15 3 Devore Drive

Colonial

1.1

110

$305,000

$303,000

99.34%

110

$305,000

99.34%

$278,400

1.09

16 36 Freeman Place

Colonial

1.0

130

$309,000

$300,000

97.09%

130

$319,000

94.04%

$225,700

1.33

17 19 Oak Crest Road

Ranch

1.1

25

$309,000

$309,000

100.00%

25

$309,000

100.00%

$248,900

1.24

18 18 Moran Road

TwnIntUn

2.1

$319,000

$333,000

104.39%

$319,000

104.39%

$335,300

0.99

19 64 Nicholas Avenue

Bi-Level

2.1

52

$324,500

$324,900

100.12%

52

$324,500

100.12%

$336,200

0.97

20 1 Highwood Road

Colonial

2.0

164

$325,000

$285,000

87.69%

164

$369,000

77.24%

$397,000

0.72

21 169 Dezenzo Road

TwnEndUn

2.0

64

$325,000

$315,000

96.92%

64

$325,000

96.92%

$296,800

1.06

22 30 Birch Street

Colonial

1.1

44

$325,000

$325,000

100.00%

284

$384,000

84.64%

$314,000

1.04

23 13 Mellon Avenue

SplitLev

2.1

64

$330,000

$265,000

80.30%

64

$330,000

80.30%

$294,800

0.90

24 55 Rollinson Street

Colonial

1.1

$330,000

$330,000

100.00%

$330,000

100.00%

$250,400

1.32

25 2 Ronald Terrace

Custom

3.0

133

$335,000

$335,000

100.00%

317

$389,000

86.12%

$294,300

1.14

2004-2013 Copyright Protected. All Rights Reserved

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

Not intended to solicit a property already listed.

West Orange
S e p t e m b e r

2 0 1 3

M a r k e t

S n a p s h o t

Bev & Bob Homes, LLC, www.BevAndBobSELLHomes.com, 201-647-6144, rmeaux@verizon.net

Units

Address

Style

Bedrms Baths

DOM Final List Price

Sales Price

SP:FLP

Actual
DOM

Original List
Price

SP:OLP

Total Assessment
SP:AV

26 302 Barringer Court

TwnIntUn

2.0

131

$350,000

$335,000

95.71%

131

$375,000

89.33%

$302,500

1.11

27 25 Schindler Terrace

TwnEndUn

2.1

144

$359,000

$340,000

94.71%

960

$379,000

89.71%

$367,700

0.92

28 3 Schindler Terrace

TwnIntUn

2.1

27

$359,000

$335,000

93.31%

27

$359,000

93.31%

$383,000

0.87

29 11 Lowell Place

Colonial

2.1

168

$369,000

$350,000

94.85%

746

$429,000

81.59%

$390,300

0.90

30 16 Luddington Terrace

Colonial

2.2

128

$375,000

$342,000

91.20%

128

$400,000

85.50%

$421,400

0.81

31 22 Cummings Circle

TwnIntUn

3.1

$375,000

$375,000

100.00%

$375,000

100.00%

$342,600

1.09

32 203 Gregory Avenue

Victrian

3.1

20

$375,000

$375,000

100.00%

213

$499,000

75.15%

$420,400

0.89

33 7 Bromley Drive

SplitLev

2.1

10

$379,000

$384,000

101.32%

10

$379,000

101.32%

$320,600

1.20

34 4 Davey Drive

TwnEndUn

2.1

92

$387,000

$370,000

95.61%

454

$489,900

75.53%

$361,600

1.02

35 180 Walker Road

SplitLev

2.1

83

$387,000

$373,000

96.38%

83

$419,000

89.02%

$312,500

1.19

36 20 Moran Road

TwnIntUn

2.1

15

$395,000

$399,000

101.01%

15

$395,000

101.01%

$333,000

1.20

37 28 Oak Crest Road

RanchExp

3.0

34

$397,000

$381,250

96.03%

120

$425,000

89.71%

$354,500

1.08

38 44 Fowler Drive

TwnEndUn

3.1

63

$399,000

$390,000

97.74%

63

$408,000

95.59%

$362,300

1.08

39 104 Barringer Court

TwnIntUn

3.0

46

$399,000

$380,000

95.24%

46

$399,000

95.24%

$317,700

1.20

40 16 Koewing Place

Tudor

3.0

35

$400,000

$415,000

103.75%

35

$400,000

103.75%

$380,600

1.09

41 1 Wedgewood Drive

Ranch

3.0

47

$414,900

$400,000

96.41%

47

$424,900

94.14%

$326,900

1.22

42 25 Waldeck Court

TwnIntUn

2.1

$429,000

$422,500

98.48%

$429,000

98.48%

$397,500

1.06

43 1016 Smith Manor Blvd

TwnEndUn

2.1

107

$439,000

$425,000

96.81%

107

$439,000

96.81%

$413,500

1.03

44 19 Gilbert Place

Colonial

2.1

36

$440,000

$420,000

95.45%

36

$440,000

95.45%

$322,100

1.30

45 3 Cunningham Drive

Colonial

2.2

55

$498,000

$492,500

98.90%

55

$548,000

89.87%

$526,000

0.94

46 74 Oak Avenue

Colonial

3.2

13

$499,000

$515,000

103.21%

13

$499,000

103.21%

$595,000

0.87

47 7 Highland Place

Tudor

3.1

86

$503,950

$475,000

94.26%

86

$508,950

93.33%

$394,400

1.20

48 1 Whalen Court

TwnEndUn

2.1

94

$579,000

$569,500

98.36%

94

$497,600

1.14

49 9 Lonergan Lane

TwnEnd

4.0

93

$675,000

$650,000

96.30%

93

$699,999

92.86%

$646,500

1.01

50 15 Wadams Court

Colonial

3.1

$719,000

$719,000

100.00%

$719,000

100.00%

2004-2013 Copyright Protected. All Rights Reserved

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

Not intended to solicit a property already listed.

West Orange
S e p t e m b e r

2 0 1 3

M a r k e t

S n a p s h o t

Bev & Bob Homes, LLC, www.BevAndBobSELLHomes.com, 201-647-6144, rmeaux@verizon.net

Units

Address

Sales Price

SP:FLP

Original List
Price

SP:OLP

Total Assessment
SP:AV

Bedrms Baths

51 33 Fredericks Street

TwnEndUn

3.1

$775,000

$765,000

98.71%

$775,000

98.71%

$671,800

1.14

52 103 Metzger Drive

OneFloor

2.1

46

$840,000

$740,000

88.10%

46

$840,000

88.10%

$769,700

0.96

53 14 Lynwood Way

Contemp

5.0

130

$889,000

$860,000

96.74%

495

$950,000

90.53%

$880,000

0.98

70

$382,775

$371,330

97.12%

131

$399,882

92.23%

$360,537

1.02

AVERAGE

DOM Final List Price

Actual
DOM

Style

CURRENT ACTIVE LISTINGS IN WEST ORANGE

CURRENT UNDER CONTRACT LISTINGS IN WEST ORANGE

Number of Units: 233

Average List Price: $441,139
Average List Price to Assessed Value Ratio: 1.04
Average Days on Market: 128

Number of Units: 108

Average List Price: $356,428
Average List Price to Assessed Value Ratio: 1.04
Average Days on Market: 98

2004-2013 Copyright Protected. All Rights Reserved

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

Not intended to solicit a property already listed.

September 2012 YTD

AVG YTD Sales Price: $336,588
DOM: 94
#Units YTD: 314
SP:AV 0.93

West Orange 2013 Year to Date Market Trends

Bev & Bob Homes Team

www.BevAndBobSELLHomes.com,
201-647-6144, rmeaux@verizon.net
January

February

March

April

May

June

July

August

September

Days on Market

75

84

98

201

102

71

68

79

70

87

Final List Price

$329,206

$302,676

$331,661

$300,417

$351,577

$388,509

$404,848

$385,992

$382,775

$368,024

Sales Price
Sales Price as a %
of FLP

$315,596

$293,805

$317,419

$294,540

$341,222

$387,240

$391,530

$378,508

$371,330

$359,037

95.97%

96.83%

96.89%

97.74%

96.73%

99.73%

96.52%

98.81%

97.12%

97.68%

Actual DOM

154

173

205

365

270

150

144

191

131

188

Original List Price

Sales Price as a %
of OLP

$352,500

$321,167

$374,946

$369,300

$401,139

$414,293

$424,777

$416,172

$399,882

$398,969

89.27%

91.59%

86.78%

81.27%

85.89%

94.21%

93.00%

91.15%

92.23%

90.44%

Sales Price to As# Units Sold

0.94
20

0.99
21

0.98
31

0.88
25

0.93
49

1.09
69

1.04
62

1.01
72

1.02
53

1.01
402

We s t O r a n g e 2 0 0 4 - 2 0 1 2

99.55%

100.00%

98.83%

99.00%

$400,000

98.19%

98.00%

97.30%

97.00%

$350,000

96.80%

96.00%

$300,000

4.77

4.92

4.78

4.44

4.00

4.00

2010
$408,694
$390,469

2011

2012

93.00%

Sales Price

2011
$388,271
$368,090

92.00%
2004

2012
$351,758
$336,975

2005

103

100
80
3.72

2007

60

84

90 91

97

64

Days on
Market

50

20

2012

2012

2011

2011

2010

2010

2009

2009

2008

2008

2007

2007

2006

2006

2005

2005

2004

0.00

2008

2009

2004-2012 Number of Units Sold

40
0.94

1.00

76

60

2.75

2.00

2006

2004-2012 Average Days on Market

120

3.00

2004

2010

SP:LP

900
800
700
600
500
400
300
200
100
0

765

721
562 540
446

394 361 366 414

# Units
Sold

2012

2012

2011

2009
$403,847
$383,302

2011

2010

2008
$429,481
$416,376

2010

2009

2009

2008

2007
$466,047
$454,083

2008

2007

2006
$460,981
$450,493

2007

2006

4.25

95.63%

2005

2005
$442,208
$438,534

2006

2004

2005

Sales Price to Assessed Value Ratio

5.00

95.59%

94.00%
List Price

2004

6.00

95.73%
94.75%

95.00%

$250,000

LP
SP

YTD AVG

2004-2012 Sales Price to List Price Ratios

$450,000

2004
$338,108
$382,805

November December

We s t O r a n g e 2 0 0 4 - 2 0 1 2

Average List Price vs. Sales Price

$500,000

October

*2010 Tax Re-evaluation

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

2004-2013 Copyright Protected. All Rights Reserved

Not intended to solicit a property already listed.