Mountainside Real Estate Market Report - July 2014
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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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Mountainside Real Estate Market Report - July 2014
- 1. How’s the Real Estate Market in Mountainside? July, 2014
- 2. 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.
- 3. Inventory There are currently 34 homes offered for sale in Mountainside and they range in price from $319,000 to $2,000,000. 0 10 20 30 40 50 60 70 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Homes Active and Sold Listings - Mountainside, NJ
- 4. 0 10 20 30 40 50 60 70 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Homes Active and Sold Listings - Mountainside, NJ Inventory 12 month avg= 38 July 2014 = 45 July 2013 = 50 July 2012 = 55 July ‘12 July ‘13 July ‘14 12 month avg
- 5. 0 10 20 30 40 50 60 70 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Homes Active and Sold Listings - Mountainside, NJ Inventory 12 month avg= 38 July 2014 = 45 July 2013 = 50 July 2012 = 55 July ‘12 July ‘13 July ‘14 12 month avg* Lower supply often results in increased prices.
- 6. Prices The average selling price of a home in Mountainside in July was $651,263. 0 100000 200000 300000 400000 500000 600000 700000 800000 900000 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Sale Price and List Price - Mountainside, NJ
- 7. 0 100000 200000 300000 400000 500000 600000 700000 800000 900000 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Sale Price and List Price - Mountainside, NJ Prices 12 month avg = $586,582 July 2014 = $ 651,263 July 2013 = $602,182 July 2012 = $532,500 July ‘12 July ‘13 July ‘14
- 8. 0 100000 200000 300000 400000 500000 600000 700000 800000 900000 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Sale Price and List Price - Mountainside, NJ Prices 12 month avg = $586,582 July 2014 = $ 651,263 July 2013 = $602,182 July 2012 = $532,500 July ‘12 July ‘13 July ‘14 *Prices are up from last year.
- 9. Days on Market The average sold home in Mountainside in July was sold after 154 days. 0 50 100 150 200 250 300 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Days on Market - Mountainside
- 10. 0 50 100 150 200 250 300 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Days on Market - Mountainside Days on Market 12 month avg = 72 July 2014 = 154 July 2013 = 48 July 2012 = 57 July ‘12 July ‘13 July ‘14
- 11. 0 50 100 150 200 250 300 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Average Days on Market - Mountainside Days on Market 12 month avg = 72 July 2014 = 154 July 2013 = 48 July 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.
- 12. 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!