Morristown NJ Real Estate Blog

Housing Affordability is the Highest in History!

Housing Affordability Index Breaks Records

Housing affordability for buyers reached a new all time high for the first quater 2012.  This is a composite of home prices and mortgage rates.  The index rose to 205.9 in the first quarter 2012. This is the highest it's been going back to 1970. 

Take a look at the Housing Affordability Index Chart below:

 Housing Affordability Index Chart

If you are a first-time home buyer, it's never been a better time to buy a home

Contact me today to find out real estate statistics about your town of interest or to view Morristown homes for sale.

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April Sales for Morristown NJ Townhomes

Morristown NJ Real Estate - Townhomes and Condos

Morristown had 8 townhome and condo real estate closings in April 2012.  The townhome and condo location, listing price and selling price is reflected below.

  • 2868244, 9L DORADO DR  $279,900 Townhouse-Interior  $270,000    Morristown NJ Townhomes and Condos, Convent Mews
  • 2897702, 6-F DORADO DR  $315,000 Townhouse-Interior   $308,500   
  • 2916207, 3 RONA RD  $317,000 Townhouse-Interior    $308,000   
  • 2916650, 14-A DORADO DR  $317,500 Townhouse-End Unit    $318,000   
  • 2903467, 14-F DORADO DR  $319,900 Townhouse-End Unit    $305,000   
  • 2919827, 19 ROBERTSON CT  $350,000 Townhouse-End Unit   $350,000   
  • 2902552, 57 WESTERN AVE  $389,000 Multi Floor Unit  $378,000   
  • 2911430, 40 W. Park Place  $849,000 One Floor Unit    $799,000 

Four of the units sold were in the Convent Mews Complex which is close to Morristown Center, the hospital and transportation.  Convent Mews is also great space for the money.  Most of the units are 2 bedrooms with a fireplace, upstairs and downstairs and a full basement.

Take a look at the real estate statistics for days on the market below.

morristown_nj_real_estate_townhome_and_condo_sales_for_april_2012_days_on_the_market_data_692...

Randolph Real Estate Sales

Randolph Real Estate Sales January 2012

 

Randolph Real Estate had 13 closed real estate transactions in January 2012.  Check out the details below including List to Sales Price, Old List Price to Current List Price and Days on the Market.

Randolph Real Estate Sales for January 2012 List to Sales Price 

 Randolph Real Estate Sales for January 2012 Original List Price to Currrent List Price    

  • 2900411  79 OLD BROOKSIDE RD  $189,900 Split Level    $183,000
  • 2880795  16 BIRCHWOOD RD  $199,900 Cape Cod   $197,000   
  • 2895908  21 CHARLES ST  $310,000 Ranch   $295,000   
  • 2881388   40 DOGWOOD TRL  $365,000 Colonial    $360,000   
  • 2883702   7 MEADOW LARK CT  $372,000 Colonial  $364,245   
  • 2890306  4 ROBIN DR  $395,000 Colonial   $380,000   
  • 2892358   6 DRUM HILL LN  $500,000 Colonial   $478,500   
  • 2870174   24 RADTKE RD LAKEFRONT  $549,900 Custom Home$542,500   
  • 2901159  25 CARRELL RD  $584,900 Colonial    $545,000 ...

Morris Township NJ Real Estate Closed Sales for April 2012

Morris Township NJ Real Estate

Morris Township NJ had 15 closed sales in April 2012.  Check out the details below:

 

  • 2888973   610 PITNEY PL  Listing Price $228,000 One Floor Unit  Selling Price $210,000  
  • 2901866   8 CONDICT ST  Listing Price $295,000 Ranch  Selling Price  $285,000 
  • 2895452   60 LAKE RD   Listing Price  $329,000 Bi-Level  Selling Price  $303,000  
  • 2912054   70 HILLCREST AVE  Listing Price $345,000 Bi-Level  Selling Price  $335,000  
  • 2893371   68 WITHERSPOON CT  Listing Price $359,900 Townhouse-Interior  Selling Price $327,500  
  • 2840168   30 CADENCE CT  Listing Price $459,900 Townhouse  Selling Price $435,000  
  • 2909238   20 SYMOR DR Listing Price $549,000 Colonial   Selling Price  $540,000  
  • 2887769   3 BENNINGTON RD Listing Price $549,900 Colonial  Selling Price $520,000  
  • 2891643   5 JASON LN   Listing Price $619,000 Colonial   Selling Price $600,000  
  • 2922030  21 BRANDYWINE TER  Listing Price $649,000 Colonial  Selling Price $635,000  
  • 2932921  38 Rolling Hill Dr  Listing Price $649,000 Colonial   Selling Price $625,000  
  • 2897146  30 HARTER RD Listing Price $669,000 Colonial   Selling Price $644,000 
  • 2919740  21 HILLTOP CIRCLE Listing Price $724,000 Colonial ...

Morristown Closed Real Estate for April 2012

Morristown Closed Real Estate Transactions and Statistics

  • 2847887 - 266 SPEEDWELL AVE  $199,000 Cape Cod $140,000 
  • 2819118 - 51 JAMES ST  $249,900 Cape Cod    $188,000  
  • 2868244 - 9L DORADO DR  $279,900 Townhouse-Interior   $270,000 
  • 2897702 - 6-F DORADO DR  $315,000 Townhouse-Interior   $308,500 
  • 2916650 - 14-A DORADO DR  $317,500 Townhouse-End Unit    $318,000  
  • 2903467 - 14-F DORADO DR  $319,900 Townhouse-End Unit   $305,000   
  • 2919827 - 19 ROBERTSON CT  $350,000 Townhouse-End Unit    $350,000   
  • 2902552 - 57 WESTERN AVE  $389,000 Multi Floor Unit  $378,000   
  • 2873681 - 21 WILLARD PL  $449,000 Colonial    $435,000   
  • 2916626 - 10 HARDING TER  $649,900 Colonial   $625,000   
  • 2911430 - 40 W. Park Place  $849,000 One Floor Unit  $799,000
The chart below reflects original list price to the last list price before the sale of each Morristown MLS Listing.

morristown_real_estate_sales_for_april_2012_775 

Call Susan Zanzonico on 973-24-5872 to view Morristown NJ Homes for Sale

Search Morris Township Real Estate for all MLS listings

 

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Historic Morris County Tours Free!

Morris County Tourism

If you've been putting off seeing the historic sites in Morris County, now is the time to mark your calendar.  In honor of Acorn Hall in Morristown NJ"National Tourism Week", Morris Tourism is free  for 10 historic sites in Morris County.  This excludes the Mansion in May event...sorry.

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