Mountainside Real Estate Market Report - July 2014
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Transcript of Mountainside Real Estate Market Report - July 2014
![Page 1: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/1.jpg)
How’s the Real Estate Market in Mountainside?
July, 2014
![Page 2: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/2.jpg)
If you're planning on buying or selling a home
in Mountainside, the first step is to learn about the
Mountainside real estate market conditions.
![Page 3: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/3.jpg)
Inventory
There are currently 34 homes offered for sale in Mountainside and they range in price from $319,000 to $2,000,000.
Jan-12
Feb-12
Mar-12
Apr-12
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Jun-12Jul-1
2
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Sep-12
Oct-12
Nov-12
Dec-12Jan
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Active and Sold Listings - Mountainside, NJ
Hom
es
![Page 4: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/4.jpg)
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12Jul-1
2
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12Jan
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Feb-13
Mar-13
Apr-13
May-13
Jun-13Jul-1
3
Aug-13
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Jun-14Jul-1
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Active and Sold Listings - Mountainside, NJ
Hom
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Inventory
12 month avg= 38July 2014 = 45July 2013 = 50July 2012 = 55
July ‘12
July ‘13
July ‘14
12 month avg
![Page 5: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/5.jpg)
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12Jul-1
2
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12Jan
-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13Jul-1
3
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13Jan
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Feb-14
Mar-14
Apr-14
May-14
Jun-14Jul-1
40
10
20
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70
Active and Sold Listings - Mountainside, NJ
Hom
es
Inventory
12 month avg= 38July 2014 = 45July 2013 = 50July 2012 = 55
July ‘12
July ‘13
July ‘14
12 month avg* Lower supply often results in increased prices.
![Page 6: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/6.jpg)
Prices
The average selling price of a home in Mountainside in July was $651,263.
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12Jul-1
2
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12Jan
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Jun-13Jul-1
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40
100000
200000
300000
400000
500000
600000
700000
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Average Sale Price and List Price - Mountainside, NJ
![Page 7: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/7.jpg)
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12Jul-1
2
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12Jan
-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13Jul-1
3
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13Jan
-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14Jul-1
40
100000
200000
300000
400000
500000
600000
700000
800000
900000
Average Sale Price and List Price - Mountainside, NJ
Prices
12 month avg = $586,582July 2014 = $ 651,263July 2013 = $602,182July 2012 = $532,500
July ‘12July ‘13
July ‘14
![Page 8: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/8.jpg)
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12Jul-1
2
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12Jan
-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13Jul-1
3
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13Jan
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Feb-14
Mar-14
Apr-14
May-14
Jun-14Jul-1
40
100000
200000
300000
400000
500000
600000
700000
800000
900000
Average Sale Price and List Price - Mountainside, NJ
Prices
12 month avg = $586,582July 2014 = $ 651,263July 2013 = $602,182July 2012 = $532,500
July ‘12July ‘13
July ‘14
*Prices are up from last year.
![Page 9: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/9.jpg)
Days on Market
The average sold home in Mountainside in July was sold after 154 days.
Average Days on Market - Cranford, NJ
Jan-12
Mar-12
May-12
Jul-12
Sep-12
Nov-12
Jan-13
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Jul-13
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Average Days on Market - Mountainside
![Page 10: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/10.jpg)
Jan-12
Mar-12
May-12
Jul-12
Sep-12
Nov-12
Jan-13
Mar-13
May-13
Jul-13
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Nov-13
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Average Days on Market - Mountainside
Days on Market
12 month avg = 72July 2014 = 154July 2013 = 48July 2012 = 57 July ‘12 July ‘13
July ‘14
![Page 11: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/11.jpg)
Jan-12
Mar-12
May-12
Jul-12
Sep-12
Nov-12
Jan-13
Mar-13
May-13
Jul-13
Sep-13
Nov-13
Jan-14
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May-14
Jul-14
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Average Days on Market - Mountainside
Days on Market
12 month avg = 72July 2014 = 154July 2013 = 48July 2012 = 57 July ‘12 July ‘13
July ‘14
Much slower sales this summer than we typically see. Is this due to the low inventory? Perhaps buyers aren’t finding what they want and looking elsewhere.
![Page 12: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/12.jpg)
What does this mean to you?Prices are up, inventory is down, but homes are
selling slowly. If you’re planning to BUY a home, this might be
a great time to get a deal! If you’re planning to SELL a home, you need to
make sure your home is in top showing condition and that it’s priced right so that it stands up to the competition!
![Page 13: Mountainside Real Estate Market Report - July 2014](https://reader035.fdocuments.us/reader035/viewer/2022070316/555d90eed8b42a3a3b8b580f/html5/thumbnails/13.jpg)