A blog for The Bedroom Communities of New York City: Maplewood, South Orange, Millburn/Short Hills and Montclair, etc. for Area Residents, for future residents and for home buyers and sellers in New Jersey. Provides information on housing trends, tips for sellers and buyers, mortgage information events and happenings around town and the regional area. Local contributions are welcomed!
Saturday, February 24, 2018
Maplewood 2017 Real Estate Market Recap: ANOTHER AMAZING YEAR!
2017 was a phenomenal year for Maplewood Real Estate. Here are a few fun facts:
Average price paid up 9% to $594,000
Ratio of Price Paid to List Price also up to 103.4% of asking, versus the 102.6% of asking that buyers paid in 2016.
Banner year for Million Dollar homes as 2 dozen homes listed for over a Million sold for over a Million; another 4 were listed under $1.0M but sold for more.
56% of the homes sold for more than their asking price, another 12% sold for asking; so the majority of the homes sold for asking and above, meaning that over 2/3's of Maplewood's Sales were for asking and above!
Twenty Eight homes sold for over $1,000,000 including four that were priced below $1.0 Mill, showing that buyers wanted them so badly that they were willing to pay the luxury tax, a.k.a. the millionaire's tax, to make their home purchase in Maplewood, New Jersey.
If you have any questions or would like to know how much your property might be worth, please feel free to call me at 917-797-5059.
Mark Slade
Keller Williams
917.797.5059
Good Homes
2017 was also a banner year for the Slade Homes Team. We closed $30 Million and 66 transaction, bringing our totals to over $200 Million and over 500 transactions. Selling a Maplewood/South Orange/Millburn/Short Hills 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/Millburn/Short Hills/Essex/Union County New Jersey listing agent I am well versed on as your local expert in all things in the 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
and
www.southorangenjopenhouses.com
For Homes For Sale:
www.latestmaplewoodhomes.com
and
www.latestsouthorangehomes.com
Mark Slade