Mountainside Real Estate Market Report - July 2014

How’s the Real Estate Market in Mountainside?

July, 2014

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.

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

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

10

20

30

40

50

60

70

Active and Sold Listings - Mountainside, NJ

Hom

es

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

10

20

30

40

50

60

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

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

10

20

30

40

50

60

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.

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

-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

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

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

*Prices are up from last year.

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

Mar-13

May-13

Jul-13

Sep-13

Nov-13

Jan-14

Mar-14

May-14

Jul-14

0

50

100

150

200

250

300

Average Days on Market - Mountainside

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

Mar-14

May-14

Jul-14

0

50

100

150

200

250

300

Average Days on Market - Mountainside

Days on Market

12 month avg = 72July 2014 = 154July 2013 = 48July 2012 = 57 July ‘12 July ‘13

July ‘14

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

Mar-14

May-14

Jul-14

0

50

100

150

200

250

300

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.

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!