Millburn December 2010 Market Activity

Units
1
2
3
4
5
6

Address
58 ELM ST
85 SPRING ST
153 MYRTLE AVE
43 UNDERCLIFF RD
24 BERKELEY RD
70 CYPRESS ST
AVERAGES

Style
Colonial
SplitLev
Tudor
Colonial
Colonial
Ranch

List Price
Sales Price
Total Assess Close Date
$625,000
$625,126
$710,100
12/8/2010
$545,000
$530,000
$514,800
12/10/2010
$585,000
$568,000
$557,100
12/15/2010
$845,000
$838,000
$781,500
12/15/2010
$579,000
$597,500
$499,000
12/17/2010
$499,000
$497,000
$564,600
12/28/2010
$613,000
$609,271

Average Days on Market

Average List Price
Average Sales Price
% of List Price to Sales Price
Sales Price to Assessed Value Ratio
# of Units for the Month

58
$613,000
$609,271
99.39%
1.01
6

2004-2010 Copyright Protected. All Rights Reserved

Not intended to solicit a property already listed.
Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.

DOM
16
14
22
66
13
214
58

LP:SP
100.02%
97.25%
97.09%
99.17%
103.20%
99.60%
99.39%

SP:AV
0.88
1.03
1.02
1.07
1.20
0.88
1.01

FLASHBACK!!!!

December 2009 YTD:

AVG YTD Sales Price: $581,626
DOM: 62
#Units YTD: 76
SP:AV .98

Millburn 2010 Year to Date Market Trends

Average List
Price
Average Sales
Price
Days on Market
% of List Price
to Sales Price
Sales Price to
Assessed Value
# Units Sold

January

February

March

April

May

June

July

August

September

October

$555,725

$457,667

$599,000

$664,375

$806,400

$679,350

$656,800

$587,600

$671,680

$548,725
27

$440,000
81

$575,000
136

$651,375
27

$808,400
71

$694,679
35

$630,900
66

$562,300
64

98.14%

95.90%

95.99%

97.52%

100.09%

101.77%

96.10%

1.04
4

0.86
3

1.00
1

1.05
4

1.03
5

1.10
14

1.08
5

Millburn Market Averages 2004-2009

88
Units

Sales Price

$640,000
$620,000

69
Units

70
Units

76
Units

2004-2009
Sales Price to
Assessed Value
1.50

2005

1.63

2006

1.67

2007

1.58

$520,000

2008

1.09

$500,000

2009

.98

78
Units

$540,000

$480,000
List Price

$771,333

$613,000

$650,173

$654,200
88

$609,929
61

$748,600
102

$609,271
58

$643,078
58

95.39%

96.76%

98.10%

97.01%

99.39%

98.50%

0.89
5

0.96
5

0.96
7

1.03
3

1.01
6

1.02
62

Percent of list price to sales price & days on market

2004

$560,000
List Price

$620,428

102.00%
83
Units

$600,000
$580,000

YTD AVG

Millburn Market Averages 2004-2009

List Price & Sales Price and Sales Price to Assessed

Value Ratio

$660,000

November December

2004
2005
2006
2007
2008
2009
$547,175 $649,598 $630,909 $611,203 $606,636 $600,629

101.00%

78
Units
88
Units

100.00%

69
Units

99.00%

2004-2009
Days on Market
83
Units

98.00%

70
Units

76
Units

39

2005

40

2006

49

2007

52

96.00%

2008

53

95.00%

2009

62

97.00%

94.00%
2004
2005
2006
LP:SP 101.87% 100.39% 99.61%

2007
98.53%

2008
97.52%

2009
96.69%

Sales Price $542,805 $645,132 $613,206 $592,779 $594,510 $581,626

As reported by the Garden State Multiple Listing Service Information deemed reliable but not guaranteed.

2004

As reported by the Garden State Multiple Listing Service Information deemed reliable but not guaranteed.

2004-2010 Copyright Protected. All Rights Reserved

Not intended to solicit a property already listed.
Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed.