Posts Tagged ‘price adjustments in Bedminster’

Closed Sales in February

Since my last posting, there are now two new happy homeowners in February in Bedminster.   The following properties have closed this month:

5 BENTLEY CT $309,000    $309,000
335 ENCLAVE LN    $384,000    $372,000

Eleven new listings came on the market this month, and 1 of those listings has already gone under contract.  To see these new listings or to start your search, click on Bedminster Homes For Sale.

Absorption Rate

I explained what the absorption rate is in my last 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 74 listings on the market in Bedminster.  Eleven properties went under contract in the last 30 days, so that gives us a current market absorption rate of 6.7 months in Bedminster.  Which indicates that currently the market in Bedminster is a buyer’s 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

There hasn’t been much going on in Bedminster, NJ this month.  Three properties have reduced their list prices since December 1st.  I am pretty confident that there are some good deals out there!

Please contact me if you would like more information about any of these Bedminster homes or visit my Bedminster real estate site for more information on what has sold by month over the past year.