West Orange, NJ had 46 residential home sales in June, which just happens to be the same amount as Montclair, NJ. Compared to the average and median sale prices of $350,848 and $292,500 achieved in May, the prices for June came in at a $342,766 average sales price and a $312,500 median sales price.
These homes sold, on average, at 96.4% of list price in 79 days and reflect about a 7% year-over-year price decrease in the average sales price and a 3% decrease in median sales price. See the homes in the video to the right and more detail in the chart below.
The lowest priced home sold for just $76,000 at 7 Watchung Avenue, a 3 bedroom home with 1 full and 1 half bathroom. The most expensive June home sale was the 3 bedroom, 3 full bath, 1 half bath Bel Air townhome at 4 Hundt Place. It sold for $735,000. An example of the average sales price can be found at 31 Woods End Road. This 3 bedroom, 1 full bath, 1 half bath home sold for $342,500.
In total, West Orange had 428 residential homes and 34 multi-family homes on the market for sale last month, which hovered closely to the May numbers. Of those, 65 were noted as new listings in June; 4 of which were multi-families. Sixty-one residential and 3 mutli-family homes went under contract in June.
West Orange June 2012 Sales Review / 46 Home SalesRooms Bedrooms Full Baths Half Baths List Price Sales Price %SP/LP DOM Min 4 1 1 0 $72,000 $76,000 81.8 6 Max 12 6 4 2 $749,000 $735,000 105.6 410 Average 8 3 2 1 $356,091 $342,766 96.4 79 Median 7.0 3.0 2.0 1.0 $329,450 $312,500 96.8 59.5
The 7% average and 3% median price decrease year-over-year is reflected in the June 2011 numbers that show although 6 less homes sold (40) the average sales price was $367,829 and the median sales price was $321,000.
If you are ready to sell your home, give us a call today at 201-647-6144.
Please Note: All of these figures are from the Garden State Multiple Listing Service (GSMLS) and do not include all new construction or private sales/rentals.