Archive for the ‘Real Estate Market Update’ Category

Only five properties have gone under contract in Bernardsville since March 1st.  List prices were between $295,000 and $875,000.  Market absorption in Bernardsville is currently almost 19 months.  There are 93 properties available and there have only been 5 sales in the last 30 days.  I think some price points do better than others – further analysis to follow.  Feel free to contact me directly if you are considering a move into or out of Bernardsville; I am happy to help!

Market absorption in Bernardsville is 11 months – a clear buyers market! 8 sales in the last 30 days, 3 in the $500,000-$800,000 price range (5.6 months market absorption). 23 properties available between $2M and $5M with only one sale in the last 30 days. There are 20 listings between $1M and $2M and there hasn’t been a sale since March 12th.

We’ve just posted the homes that sold in Bernardsville in February 2010 here: February Home Sales