Jan 2016 Report Glen Ridge .pdf

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Original filename: Jan 2016 Report - Glen Ridge.pdf
Title: Glen Ridge Boro Twp
Author: 10K Research and Marketing

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Local Market Update for January 2016
Provided by New Jersey REALTORSĀ®

Glen Ridge Boro Twp
Essex County

Single Family

January

Key Metrics
New Listings
Closed Sales
Days on Market Until Sale
Median Sales Price*
Percent of List Price Received*
Inventory of Homes for Sale
Months Supply of Inventory

Year to Date

2015

2016

8

3

- 62.5%

8

3

- 62.5%

4

6

+ 50.0%

4

6

+ 50.0%

Percent Change

Thru 1-2015

29

23

- 20.7%

29

23

- 20.7%

$528,500

- 24.5%

$700,000

$528,500

- 24.5%

105.2%

102.4%

- 2.7%

105.2%

102.4%

- 2.7%

13

14

+ 7.7%

--

--

--

1.2

1.5

+ 25.0%

--

--

--

January

New Listings
Closed Sales
Days on Market Until Sale
Median Sales Price*
Percent of List Price Received*
Inventory of Homes for Sale
Months Supply of Inventory

2015

2016

3

1

1

4

Year to Date
Thru 1-2015

Thru 1-2016

- 66.7%

3

1

- 66.7%

+ 300.0%

1

4

+ 300.0%

Percent Change

27

64

+ 137.0%

27

64

+ 137.0%

$396,250

+ 212.0%

$127,000

$396,250

+ 212.0%

106.7%

99.6%

- 6.7%

106.7%

99.6%

- 6.7%

6

2

- 66.7%

--

--

--

2.5

0.6

- 76.0%

--

--

--

January

New Listings
Closed Sales
Days on Market Until Sale
Median Sales Price*
Percent of List Price Received*
Inventory of Homes for Sale
Months Supply of Inventory

Percent Change

$127,000

Adult Community
Key Metrics

Percent Change

$700,000

Townhouse-Condo
Key Metrics

Thru 1-2016

Year to Date

2015

2016

Percent Change

Thru 1-2015

Thru 1-2016

Percent Change

0

0

--

0

0

--

0

0

--

0

0

--

0

0

--

0

0

--

$0

$0

--

$0

$0

--

0.0%

0.0%

--

0.0%

0.0%

--

0

0

--

--

--

--

0.0

0.0

--

--

--

--

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price by Property Type
Single Family

Townhouse-Condo

By Month

Adult Community

$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

Current as of February 08, 2016. All data from the multiple listing services in the state of New Jersey. Powered by ShowingTime 10KĀ®.


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