In Millburn Short Hills The Real Estate News Is Good for Sellers

With October upon us, the market is in extreme favor of the sellers. In Millburn, the total tax assessment versus the price that homes are sold for at the end of 2012 was 108%. Fast forward to August 2013, that number rose to 126%. The homes that are clean and ready to move in are hitting the top of this range while homes that need a lot of work are falling far below that.

Homes are not just selling, but selling quickly. For homes that closed in August, the average time spent on the market was 25 days (for all of 2012, the number was 56 days). The average home that has sold in Millburn year to date is $1.3 million, which last year was just under $1.2 million. Although the market is extremely positive for sellers, buyers are becoming extremely frustrated due to the minimal selection. The buyers have every right to be upset as there are 20% less homes on the market than this time last year.

With a shortage of homes, historically low rates and buyer’s moods more than willing to pull the trigger and write a contract, great things are happening for sellers. So if you are thinking about selling, this is the best time to do so. If you have any questions or would like to know the value of your home, call me at (973) 214-0691.

Shira Rost Joins our Team!

Help Us Welcome Our Newest Team Member

I am so excited to introduce the newest member of our team, Shira Rost. We couldn't be happier to have her join us in better serving you. Find out why Shira chose our team to work with and what stood out most to her!

Millburn and Short Hills School System – Continued Excellence

When you have children, I know how important it is for you to find a home with a great school system nearby. A lot of clients I talk to say the reason they chose this area to live in is because of the great schools. Today, I am standing in front of Millburn New Jersey High School and I want to tell you about the 2013 graduating class.

This was an exceptional class; ten percent of the class will be attending Ivy League schools in the fall and 40% will be attending schools ranked within the top 50 in the United States by US News and World.

There is excellence in all of the schools here. So let me and my team help you find a great home in this area. Or if you are looking to sell, give us a call! Now is a great time, inventory is low!