Archive for the ‘Bedminster Real Estate’ Category

There were 21 contract sales in Bedminster during the month of July. This is UP from June when only 14 sales were recorded. This seems to contradict the sentiment that the expiration of the tax credit woud lead to a dip in sales activity.

There were 12 closings in Bedminster this past month:

70 Willow Drive, $720,000/$650,000
33 Spruce Court, $239,000/$235,000
27 Stafforoad Court, $779,000/$730,000
41 Teal Lane, $469,000/$450,735
26 Academy Court, $254,999/$250,000
16 Pheasant Brook Court, $349,900/$332,000
83 Cortland Lane, $99,999/$100,000
19 Ashley Court, $312,000/$318,000
28 Teal Lane, $460,000/$450,000
61 Edgewood Road, $449,000/$435,000
81 Autumn Ridge Road, $715,000/$690,000
12 Lockhaven Court, $499,999/$505,000

If you are consdering a move into or out of Bedminster, try searching for available properties: luxury homes or townhouses and condos or sign up for listing notifications as properties are listed.  Contact me directly for any other questions related to real estate in and around our area in beautiful Somerset County, NJ.

72 Birchwood Rd, Birchwood/$248,800/$252,000
21 Knollcrest Rd, Knollcrest/$459,000/$430,000
234 Long Meadow Rd, Long Meadow/$369,900/$352,000
72 Dogwood Ln, Edgewood/$529,900/$517,500
403 Cardinal Ln, Long Meadow/$333,000/$315,000
49 Encampment Dr, Crestmont/$259,000/$220,500
53 Bentley Ct, Crestmont/$339,000/$331,750
9 Danbury Ct, Crestmont/$350,000/$335,000
705 Timberbrooke Dr, Timberbooke/$510,000/$512,000
72 Academy Ct, Crestmont/$299,900/$295,000
5 Pheasant Brook Ct, Wood Duck Pond/$325,000/$316,500
24 Stevens Court, Signal Point/$286,900/$280,000
40 High Pond Ln, Wood Duck Pond/$298,888/$295,000
7 Heatherwood Ln, Four Oaks/$400,000/$390,000
111 Autumn Ridge Road, Autumn Ridge $619,000/$575,000

Are you considering a move into or out of the area?  Search for available Bedminster homes and mark your calendars for our next home buyer/seller seminar which will be held at the Weichert office in Basking Ridge on Saturday, May 22nd.

Please visit the following open houses today:

57 Dogwood Terrace, Millington – $839,900

50 Church Street, Liberty Corner – $499,000

1502 Bayley Court, Bridgewater - $409,000

If your attorney is quick, you can make an offer today or tomorrow and still be under contract by Friday – in time to qualify for the First Time or Repeat Buyer tax credit!

Are you thinking about making a move into or out of Basking Ridge, Bedminster or Bernardsville?  I’m happy to help. Contact me today for information about properties available in any of these towns or the surrounding areas.  I’m also happy to help you understand the value of your home in today’s market.  Feel free to follow any of these links for more information.

Have a great Sunday!

I must apologize for being away for so long – it’s been very busy in my little real estate world!  I’ve ben dealing with mulitple offers on several of my listings (something we hadn’t anticipated), an appraisal issue for a property which is the subject of a contingency on one of my deals that was under contract, and working with a couple who needed to make a decision about a competing offer on a property that they were hoping to purchase.  I am happy to report that the buyers with the appraisal issue selected another lender and were able to close their deal, two of the sellers looking at multiple offers selected one – one is under contract and the other will be signed today, and the buyers faced with competition for the home of their dreams made a decision and have already completed their home inspection!  I will admit that after all that hard work, it feels good to have a few closings on the horizon!

So, how are things going in Bedminster?  Market Absorption is at a healthy 6.9 months; a somewhat balanced market that is still favoring buyers to some degree.  I am anticipating a bit of a jump in contract sales due to the impending expiration of the tax credit on April 30th.  If you are considering a move – whether you are a buyer or a seller – now is the time to do it!  Stay one step ahead of the game by registering for listing alerts – be notified of new Bedminster listings within 24 hours of availability.  I can also provide you with a current market analysis for your Bedminster home.  If you just want to browse the inventory – you can do that too: Luxury homes, Single Family Homes, Townshouses and Condos.

Take a quick look at what has sold since I last reported (2/22/10):

30 Tansy Court List: $240,000  Sale: $235,000 Mayfield Condo
64 Foxwood Court  List: $279,999  Sale: $277,500  Fieldstone Condo
41 Pine Court  List: $289,900  Sale: $270,000  Pinevale Condo
102 Stone Run Road  List: $415,000  Sale: $414,000 Stone Run Townhouse

Have a great day!

There were seven contract sales since 2/1/2010.

There are currently 73 properties available in Bedminster, ranging from $199,900 to $9,500,000.  For an appointment to review the market – as a buyer or a seller – contact me directly and I am happy to review your real estate needs.

Market absorption in Bedminster is only 5.2 months!  This is good news for Bedminster sellers – it seems that buyer activity is starting to increase after a slow start to the year.  Visit my website for a market analysis of your Bedminster property – maybe it is time to put it on the market!

Don’t forget to follow me on Twitter or find me on Facebook!

There were 8 new listings in town this past week: two condos listed between $209,000 and $259,000; three town houses listed between $333,000 and $540,000 and three luxury properties priced from $3,950,000.  There was only one contract sale and there was one closing.

58 Birchwood Drive – a town house – closed for $250,000 after being listed 52 days; original list price was $259,000.

Market Absorption in Bedminster is currently 7.5 months; there are 75 available properties and there have been 10 contract sales in the last 30 days.  It is still a buyer’s market in Bedminster.  To get started on your home search please visit my website to search homes for sale in Bedminster.

You are invited to a free Home Buyer Seminar Saturday, January 23rd at 11:00 in my office at 22 Henry Street in Basking Ridge. I will be there along with other real estate professionals, including my broker, our mortgage representative and a real estate attorney. We’ll address local market conditions and buyer incentives, including the Federal Tax Credit as well as current mortgage products.

If you want to get ahead of the game, click here to search homes for sale in Bedminster, NJ as well as all other areas covered by the Garden State MLS. Space may be limited, so please RSVP today by calling me directly at 908-432-0318 or emailing me at jennifer@jenniferblanchard.com. Please let me know how many will attend and if you have can stay after the seminar or come back on Sunday to get started!

5 properties went under contract this past week:

One condo in the Mayfield section, two in the Pinevale section, one in Edgewood and one in Stone Run.

There were nine new listings between $279,000 and $2,200,000.  For more information on these properties, click here and I will send you MLS detail sheets for your price range.

If you are considering a move into our out of Bedminster, NJ, please contact me directly.  I can provide you with the information you need to make the best possible decision for all of your real estate needs – especially in Bedminster or Basking Ridge, NJ!

Market absorption is defined as the rate at which current inventory will be sold based on the number of buyers in the last thirty days.  A normal market (favoring neither buyers nor sellers) is between 5 and 6 months.  A buyers market is anything over 6 months of inventory and a sellers market is anything under 5 months of inventory. 

Current rates as of the end of the week of 1/3/10:

Basking Ridge 5.5 months
Bernardsville 16 months
Bedminster 11 months
Bridgewater 8.5 months
Long Hill  9.5 months
Harding  7.5 months
Warren  7.5 months

If you are considering a move into or out of Bedminster, please contact me for a buyer consultation or a market analysis of your current Bedminster home.  Visit my Bedminster Real Estate site to search homes for sale – whether you are looking for a condo, a single family home or a luxury property.  I’m happy to help!

There were lots of people moving into and out of Bedminster, NJ this past month!   The following properties closed during the last 30 days:

Property, List Price/Sale Price
31 Edgewood Road, $419,900/$395,000
406 Cardinal Lane, $324,900/$315,000
29 Ashley Court, $289,500/$281,250
7 Sargeant Stoddard Court, $795,000/$770,000
1610 Black River Road, $990,000/$980,000
73 Dogwood Lane, $377,900/$358,000
76 S Edgewood Road, $419,000/$390,000
34 Revere Drive, $799,999/$800,000
25 Stone Edge Road, $419,999/$400,000
10 Four Oaks Road, $395,500/$390,000
27 Stafford Court, $789,000/$735,000
22 Birchwood Road, $265,000/$259,500
38 Stone Run Road, $399,900/$375,000
71 N Edgewood Road, $439,000/$405,000
26 High Pond Lane, $309,999/$315,000
50 Bentley Court, $299,900/$275,000
74 Wentworth Road, $259,900/$258,500
11 Wendover Court, $299,900/$280,000
20 Teal Lane, $419,500/$405,000
5 Four Oaks Road, $379,000/$370,000
24 Oak Knoll Lane, $382,000/$370,000

Only 7 properties in Bedminster went under contract this past month; there were 12 new listings and there are only 2 deals in attorney review.  There hasn’t been much activity here in town this month; but I do expect that to change.  Bedminster has so many properties that are perfectly priced for buyers to take advantage of the tax credit.  It should be a busy spring – and spring usually starts early!

Visit my Bedminster website to search homes for sale in Bedminster and surrounding areas.  Looking for a market snapshot or a comparative market analysis for your Bedminster home?  I can help with that too; click here and you will be sent a detailed report of market activity in your neighborhood!

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