The Week That Was - Basking Ridge Homes Sold 6/15-6/21

Basking Ridge Homes Sold during the week of 6/15 - 6/21:

• 72 Countryside Dr / SP: $205,000 / LP: $219,000 / 1BR & 1BA.
• 122 Patriot Hill Dr / SP: $558,000 / LP: $569,000 / 3BR & 2.1BA.
• 39 Woodstone Rd / SP: $638,000 / LP: $629,000 / 4BR & 1.1BA.
• 1 Queenberry Way / SP: $900,000 / LP: $924,900 / 5BR & 3.1BA.
• 10 Sentinel Dr / SP: $925,000 / LP: $939,999 / 4BR & 3.2BA.

SP = Sales Price, LP = List Price, BR = Bedrooms, BA = Baths

***All information is deemed reliable, but not guaranteed.***

For more information on Basking Ridge Real Estate, visit http://www.thenorrodteam.com/.

The Week That Was - Basking Ridge Homes Sold 6/8-6/14

Basking Ridge Homes Sold during the week of 6/8 - 6/14:

• 164 Potomac Dr / SP: $200,000 / LP: $212,500 / 1BR & 1BA.
• 200 Whitenack Rd / SP: $250,000 / LP: $250,000 / 2BR & 1BA.
• 238 Patriot Hill Dr / SP: $588,000 / LP: $599,900 / 3BR & 2.2BA.
• 25 Decker St / SP: $585,000 / LP: $610,000 / 4BR & 3BA.
• 153 Spencer Rd / SP: $645,000 / LP: $649,000 / 3BR & 2BA.
• 42 Flintlock Ct / SP: $663,000 / LP: $699,900 / 4BR & 2.1BA.
• 16 Stoneview Ct / SP: $850,000 / LP: $899,000 / 5BR & 3BA.
• 10 Pheasant Run Dr / SP: $857,500 / LP: $899,000 / 4BR & 2.1BA.
• 354 Whitenack Rd / SP: $982,500 / LP: $999,000 / 3BR & 3BA.

SP = Sales Price, LP = List Price, BR = Bedrooms, BA = Baths.

***All information is deemed reliable, but not guaranteed.***

For more information on Basking Ridge Real Estate, visit http://www.thenorrodteam.com/.

The Week That Was - Basking Ridge Homes Sold 6/1-6/7

Basking Ridge Homes Sold during the week of 6/1 - 6/7:

• 54 Potomac Dr / SP: $252,700 / LP: $252,700 / 2BR & 1BA.
• 24 Spring Valley Blvd / SP: $270,000 / LP: $279,900 / 2BR & 2BA.
• 4 Countryside Dr / SP: $356,000 / LP: $374,500 / 2BR & 2.1BA.
• 14 Mayflower Dr / SP: $539,000 / LP: $549,900 / 3BR & 2.1BA.
• 82 Constitution Way / SP: $567,000 / LP: $575,000 / 3BR & 2.1BA.
• 28 Hansom Rd / SP: $670,000 / LP: $725,000 / 4 BR & 2.1 BA.
• 6 Ross Ln / SP: $805,000 / LP: $849,000 / 4BR & 2.1BA.
• 20 Bernard Dr / SP: $1,185,000 / LP: $1,299,000 / 5BR & 3.1BA.

SP = Sales Price, LP = List Price, BR = Bedrooms, BA = Baths.

***All information is deemed reliable, but not guaranteed.***

For more information on Basking Ridge Real Estate, visit http://www.thenorrodteam.com/.

Basking Ridge Real Estate - Absorption Rates

Updating your Basking Ridge Real Estate Market. Many areas of the market are showing signs of improvement, most notably the $1M - $1.5M market. Peaking at an absorption rate of 75 months in February, it currently stands at 7 months falling from 26 in May. Another strong price point is the $800k - $1M currently standing with a 4 month rate of absorption down from 8 months in May. Over the last 3 months, 21 units have went under contract in this price point. This is a great indication that the market as a whole is recovering, and not just the lower price points. Real Estate is a trickle up market, and we are starting to see the drops going up. To see all price points, click on the chart to the right.

For more information, contact "The Norrod Team."


Absorption Rate is the time it would take for all of the homes within that particular parameter to sell provided they continued selling at the current pace (as defined by time period specified) and no new inventory were to added to that market range.

The Week That Was - Basking Ridge Home Sales for 5/25-5/31

Basking Ridge Home Sales that closed during the week of 5/25 - 5/31:

• 81 Potomac Dr / SP: $195,000 / LP: $199,900 / 1BR & 1BA.
• 115 Jamestown Rd / SP: $235,000 / LP: $245,500 / 2BR & 1BA.
• 9 Alexandria Way / SP: $243,700 / LP: $58,000 / 2BR & 2BA.
• 192 Irving Pl / SP: $285,000 / LP: $299,900 / 2BR & 2.1BA.
• 14 Riggs Ct / SP: $430,000 / LP: $529,000 / 3BR & 2.1BA.
• 105 Landau Rd / SP: $792,500 / LP: $799,999 / 4BR & 4.1BA.
• 32 Normandy Ct / SP: $974,500 / LP: $$974,500 / 5BR & 4.1BA.

SP = Sales Price, LP = List Price, BR = Bedrooms, BA = Baths.
***All information is deemed reliable, but not guaranteed.***

For more information on Basking Ridge Real Estate, go to www.TheNorrodTeam.com.