It was another great year for Real Estate in South Orange in 2016

It was another great year for Real Estate in South Orange.

We saw a 4.5% increase in the prices paid for homes sold.

We saw 15 homes sell for more than a $million with one selling for $1,499,000 to top the charts, which sold in just 5 days.

The time it took to sell these homes decreased again, coming in at a touch over 39 days.

While I traditionally use AVERAGES for my analyses, I decided to also look at the median home prices and there were some interesting facts:

1. All three of the median homes in 2014, 2015 and 2016 were sales on Rynda Road.
2. 47% of the homes sold, sold for over asking
4. Another 16% sold at asking, representing a trend that close to 2/3's of all South Orange's sales came in at or above asking.



While we have all just experienced our ReVal, you will find that the ReVal figures do not always equate to true fair market value.

If you are interested in knowing how much your home is worth in today's market, please give me a call at 917-797-5059.

If you want to see how the market its heating up for Spring 2017, you can check out the latest listings for sale at www.latestsouthorangehomes.com

And, if you want to see what homes look like on the inside, then touring open houses is a great method: www.southorangenjopenhouses.com



Mark Slade
Keller Williams
917.797.5059
Good Homes



Selling a Maplewood/South Orange/West Orange area home involves many steps and having an experienced Maplewood New Jersey Real Estate Agent and Realtor®, specializing in the Bedroom Communities of New York City in Essex/Union County— Millburn, Short Hills, Montclair, West Orange, South Orange, Livingston, Maplewood, Springfield, Summit, Madison, Chatham, Scotch Plains, Fanwood, Cranford and Westfield--by your side will make the transaction run a lot smoother. I would love to be your Maplewood/South Orange New Jersey Area Real Estate Professional! I assist both buyers and sellers in the Bedroom Communities of New York City, mostly served by NJ Transit’s Mid-Town Direct Train Lines, offering commutes of 45minute or less to NY Penn Station, with either the purchase and or sale of residential real estate.


As an Accredited Buyer’s Agent (ABR), I have received special training to guide and educate you through the entire home buying process. From start to finish, I listen to your needs and desires in what you would like and take the information you give me to find you home. My GO-TO team can provide you the best in Real Estate advice with regard to attorney choices, Home Inspectors and Mortgage Loan Officers


I am also a Luxury specialist (CLHMS), I have received special training to guide and educate you through the entire home buying and selling process. Not only does this extra training help me better understand this upper echelon in real estate, its benefit include a special luxury website: www.njluxhomes.com and a corresponding worldwide luxury network that helps to put luxury buyers and sellers together.


As your Maplewood/South Orange/ West Orange New Jersey listing agent I am well versed on as your local expert in all things in the West Orange, Maplewood and South Orange area Real Estate Market. You can expect personalized service that includes a detailed consultation on how to best position your Mid-Town Direct home to be competitive in today’s market with training to provide my clients with an in-depth Advanced Comparative Market analysis, and advice on staging. As my office’s technology officer as well as both a Zillow Platinum Premier and Trulia Premier agent, I use the latest and most up-to-date marketing methods to get your home in front of as many buyers as possible. Being your New Jersey Real Estate Agent and Realtor ® not only involves just finding the home or selling the home, but being your guide, negotiator, advisor and advocate and making sure that your needs and goals are met. Being your New Jersey Essex/Union County area Realtor® (with a little bit of Morris County thrown in for good measure) is one of my truest passions, and “Helping You Find Your Dream Home” is my number one priority.

Don’t forget These Helpful Sites:

For Open Houses:
www.maplewoodnjopenhouses.com
www.southorangenjopenhouses.com
and
www.westorangenjopenhouses.com
For Homes For Sale:
www.latestwestorangehomes.com
www.latestmaplewoodhomes.com
and
www.latestsouthorangehomes.com
Mark Slade