How’s the Real Estate Market in Mountainside? July, 2014
Mountainside Real Estate Market Report - July 2014
May 21, 2015
Before you buy or sell a home in Mountainside, a necessary first step is to review the current market conditions. In this slide show, we'll explain the current market, compare it to previous years, and make recommendations for buyers and sellers in Mountainside.
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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!
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