MARChatham Boro Nov 2010

MARKET ACTION REPORT November 2010
G.Joann Carroll
MLS Area: 2304 - Chatham Boro Sales Associate
201-988-9070
giovana.carroll@cbmoves.com
Price Range: All | Properties: Single Family - Condo - TwnHm
Notary Public, State of NJ
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $589,000
Average List Price of all Current Listings $646,876
November Median Sales Price $692,000 $675,000
November Average Sales Price $669,200 $758,921
Total Properties Currently for Sale (Inventory) 33
November Number of Properties Sold 5 93
November Average Days on Market (Solds) 40 48
November Month's Supply of Inventory 6.6 7.1
November Sale Price vs List Price Ratio 96.7% 97.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Number of Properties Sold 3 Mo Avg

18
Property Sales 16
16
16
November Property sales were 5, down -50.0% from 14
15
14
14
10 in November of 2009 and 66.7% higher than the 12
12
12
3 sales last month. November 2010 sales were at a 10
11
10
10
10
10
mid level compared to November of 2009 and 2008. 8
9
9
8
8
November YTD sales of 93 are running 14.8% ahead 6
7
7
6
6
of last year's year-to-date sales of 81. 4
5
5
5
4
4
2 4
3
2
2
0
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10
Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 1,100
The Median Sales Price in November was $692,000, 1,000
up 14.2% from $606,000 in November of 2009 and
900
up 1.0% from $685,000 last month. The Average
Sales Price in November was $669,200, down -1.4% 800
from $678,500 in November of 2009 and down - 700
9.0% from $735,000 last month. November 2010 600
ASP was at the lowest level compared to November 500
of 2009 and 2008.
400
07 08 09 10
Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
70 30
The Total Inventory of Properties available for sale as of
64
November was 33, down -8.3% from 36 last month and 60 25

up 22.2% from 27 in November of last year. November
56
55
50
53
51
51
2010 Inventory was at a mid level compared with 20

50
50
48
47
46
46
46
46
45
45
44
November of 2009 and 2008. 40

43
43
41
40
15
38
37
36
36
36
36
35
34
30
33
33
32
31
10
27
27
A comparatively lower MSI is more beneficial for sellers 20

19
while a higher MSI is better for buyers. The November 10 5

2010 MSI of 6.6 months was at a mid level compared
with November of 2009 and 2008. 0 0
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Garden State MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT November 2010
G.Joann Carroll
201-988-9070
Days On Market for Sold Properties

Market Time Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 120
sells. An upward trend in DOM tends to indicate a move 96
100
towards more of a Buyer's market, a downward trend a
move towards more of a Seller's market. The DOM for 80
November was 40, down -43.7% from 71 days last 60 46
40
month and down -13.0% from 46 days in November of 40
last year. The November 2010 DOM was at its lowest
20
level compared with November of 2009 and 2008.
0
07 08 09 10
Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
104%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 102%
average amount that Sellers are agreeing to come down
100%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio 98% 96.7%
at or above 100% indicates more of a Seller's market. 95.3%
96%
The November 2010 Selling Price vs Original List Price
93.5%
of 96.7% was down from 98.3% last month and up from 94%
95.3% in November of last year.
92%
90%
07 08 09 10
Inventory / New Listings / Sales

Inventory / New Listings / Sales 70 Inventory New Listings Sales
This last view of the market combines monthly 60
64
inventory of Properties for sale along with New Listings

56
55
50
53
51
51
and Sales. The graph shows the basic annual

50
50
48
47
46
46
46
46
45
45
40
44
seasonality of the market as well as the relationship 43
43
41
40
38
37
between these items. The number of New Listings in
36
36
36
36
35
30
34
33
33
32
31
November 2010 was 8, down -20.0% from 10 last month

27
27
and up 14.3% from 7 in November of last year. 20

19
10
0
07 08 09 10
Inventory / Listings / Sales November 2010
G.Joann Carroll
201-988-9070
Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2010 was 8, down
-20.0% from 10 last month and up 14.3% from 7 in November of last year.
70 Inventory New Listings Sales

64
60
56
55
53
50
51
51
50
50
48
47
46
46
46
46
45
45
44
43
43
40
41
40
38
37
36
36
36
36
35
34
33
33
30
32
31
27
27
27
25
24
24
23
23
20
22
20
20
19
19
19
18
17
16
16
16
16
16
15
15
14
14
14
14
14
14
13
10
12
12
12
12
11
11
11
10
10
10
10
10
9
9
8
8
7
7
7
6
6
5
5
4
4
3
3
2
2
0
07 08 09 10

MARChatham Boro Nov 2010

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MARKET ACTION REPORT November 2010

Number of Properties Sold 3 Mo Avg

Median Sales Price and Average Sales Price

Total Inventory & Month's Supply of Inventory (MSI)

November was 33, down -8.3% from 36 last month and 60 25

2010 Inventory was at a mid level compared with 20

November of 2009 and 2008. 40

A comparatively lower MSI is more beneficial for sellers 20

while a higher MSI is better for buyers. The November 10 5

Days On Market for Sold Properties

Selling Price versus Listing Price Ratio

Inventory / New Listings / Sales

inventory of Properties for sale along with New Listings

and Sales. The graph shows the basic annual

seasonality of the market as well as the relationship 43

November 2010 was 8, down -20.0% from 10 last month

and up 14.3% from 7 in November of last year. 20

Inventory / New Listings / Sales

70 Inventory New Listings Sales

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