There are now two new happy homeowners in March in Bedminster.   The following properties have closed this month:

27 BENTLEY CT  $289,999  $278,000
77 AUTUMN RIDGE RD $769,900    $745,000

26  new listings came on the market this month, and 9 listings have gone under contract.  To see these new listings or to start your search, click on Bedminster Homes For Sale.

Please note:  2 additional properties sold in February but were not reported online until March.  Those properties are:

147 CORTLAND LN  $99,999  $99,999
15 WENTWORTH RD  $259,999  $252,500

So that brings the total sold homes in Bedminster in February to 5.

Absorption Rate

I explained what the absorption rate is in a previous posting, but basically it is a way to help us determine how much market activity there is at a given time in the market.  A market absorption rate of less than 5 months is considered a Seller’s Market, between 5 – 6 months is a Normal or Balanced Market, and inventory levels greater than 6 months indicates a Buyer’s Market.

There are currently a total of 95 listings on the market in Bedminster.  17 properties went under contract in the last 30 days, so that gives us a current market absorption rate of 5.6 months in Bedminster.  Which indicates that currently the market in Bedminster is a balanced market.

If you are considering a move into or out of Bedminster, it pays to plan ahead.  Start your search or understand the value of your home at Bedminster-Real-Estate.com

A recent survey conducted by the National Association of Realtors showed that a substantial majority of both homeowners and current renters believe that owning a home is a smart decision over the long term.

The American Attitudes About Homeownership survey of 3,793 adults found that even in today’s challenging economy, 95 percent of owners and 72 percent of renters believe that over a period of several years, it makes more sense to own a home.

Other findings of the American Attitudes About Homeownership survey include:

• A large majority of homeowners are happy with their decision to own a home. In fact, 93 percent of the owners surveyed would buy again.
• Homeowners are more satisfied with both the overall quality of their family life and with their community life than  renters are.
• Of the renters surveyed, 63 percent said that it was at least somewhat likely that they would purchase a home at some point in the future, with young adults 18 to 29 years old having the strongest aspirations for homeownership.

If you think it might be time to start thinking about owning a home, take a look at what’s currently available in Bedminster.  You can also see what has been selling in Bedminster to get a sense of how much you might need to spend to get the home you want.

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!

This three to five bedroom cape has had so many updates over the last six years – it’s perfect!  It offers three bedrooms upstairs with a full bath.  There are two rooms downstairs that are currently used as a family room and a play room; they can be bedrooms or not – depending upon your needs.  The front room – currently a dining room – features a wood burning fire place and could easily be a formal living room.  A large fenced yard is hard to find in this part of town.  Contact me for all the details.

It is a great time to buy!  If you are looking at your first home purchase or to move up from a condo, this might be the perfect house.  Not interested in Bernardsville?  That’s okay, there are lots of homes for sale in Bedminster too!

If you are considering a move into or out of Bedminster, Basking Ridge or any of the surrounding areas, please contact me directly – selling homes is what I do best!

If you are considering a move into or out of Basking Ridge, don’t miss the Basking Ridge Real Estate website – it  is full of information on recent sales and new listings.

This wonderfully updated Bernardsville home will be the MLS and available for showings on Monday, January 18th!  Five bedrooms, three full and one half bath, an updated kitchen, hard wood floors, a finished walk-out lower level and  a gorgeous master suite featuring a huge walk in closet, sitting room & terrific bathroom.  I can’t show you the home before Monday, but I can certainly answer questions or make an appointment!

Contact me directly for more information.  Sign up for listing alerts – ask for Bernardsville – and receive the MLS detail sheet as soon as this home gets listed!

One bedroom Arsdsley ModelLiving area

If you purchase now and are under contract before April, 2010, you may qualify for the home buyer tax credit!