Friday, March 31, 2006

At A Glance: Parsippany, NJ

Listings As of 3/31
Total Active Listings: 197
Up To $500,000: 116
$500,001 - $1,000,000: 79
$1,000,001 And Up: 2

Listing Activity Since 3/1
86 Added
16 Back on Market
60 Price Reductions
63 Under Contract
44 Sold
34 Expired
16 Withdrawn
6 Temporarily Withdrawn

February Sales Activity
Up To $500,000: 14
$500,001 - $1,000,000: 3
$1,000,001 And Up: 3
Sales Prices were 5.00% below Original List Prices
(Activity data from GSMLS)

Foreclosure Activity Since 1/1
7 Notice Of Default
(Foreclosure data from RealtyTrac)

13 Comments:

Anonymous UnRealtor said...

16 Back on Market
60 Price Reductions
34 Expired
16 Withdrawn
7 Notice Of Default



Looking good!

3/31/2006 03:38:00 PM  
Anonymous Anonymous said...

Unrealtor-

could you give some thoughts on Parsippany? I'm a transplant to the area and don't know anything about that town...

JM

3/31/2006 03:40:00 PM  
Anonymous UnRealtor said...

Sorry, I'm not that familiar with the area, but here's what I do know:

* Excellent access to major highways

* Lots of corporations based right in the area (no NYC commute needed)

3/31/2006 04:29:00 PM  
Blogger Shailesh Gala said...

It would be nice to know what was activity in Last year March in Parsippany. That will just confirm the fact that more people are reducing prices this year.

3/31/2006 05:30:00 PM  
Blogger grim said...

Sorry SG, there is just not enough time in my day to be able to do any kind of proper year over year comparison at a town level.

My wife tells me I spend too much time blogging and doing research. I can take the hint.

My opinion? We really didn't see anywhere near this level of reduction activity last year. Sure, people have been testing the waters with super high listing prices for a few years now. But the trend is a bit different now.. DOM and inventory are both increasing at a very brisk pace. Sales volumes have been down each month since October.

Time will tell if this 'spring' is any different.

grim

3/31/2006 05:41:00 PM  
Blogger Rachel said...

I work in Parsippany and unrealtor is correct...

CLOSE TO MAJOR HIGHWAYS

MANY CORPORATIONS BASED RIGHT IN THE AREA

I am by the Morris Corp Ctrs 1 & 2, which has over 520,000 sf of office space.. beautiful area!!

I have driven around the area during my lunchtime and found it to be a nice town.. schools are good (from what I have heard).

Hope this helps a little :)

3/31/2006 09:52:00 PM  
Anonymous Anonymous said...

Grim,
Thanks for answering on MLS #: 2261671 on other thread.
http://www.blogger.com/comment.g?blogID=15532093&postID=114374490265741397

As long as "A BUYER" is willing to pay the asking price, I don't see price will go down. Let see what happened with this house..

3/31/2006 11:11:00 PM  
Anonymous Anonymous said...

Grim,

Could you please post data about Edion

Thanks,

KBR

3/31/2006 11:57:00 PM  
Anonymous Anonymous said...

This one was sold in 2004 in the same development and on the same street as MLS#2261671.

http://listings.gsmls.com/SearchDetail/Scripts/PrtBuyFul/PrtBuyFul.asp?prp=Mls&MlsNumList=1693775

4/01/2006 07:30:00 PM  
Anonymous Anonymous said...

Could you do Mount Olive Township? Interested to see how the housing market it doing there, considering the soap opera going on with the Mayor and Council.

Thanks,
TR

4/03/2006 09:22:00 AM  
Anonymous Anonymous said...

Very nice! I found a place where you can
make some nice extra cash secret shopping. Just go to the site below
and put in your zip to see what's available in your area.
I made over $900 last month having fun!
make extra money

4/06/2006 04:57:00 AM  
Anonymous Rick J said...

I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.

Take a look at Wallstreetwinnersonline.com

RickJ

4/18/2006 09:02:00 PM  
Anonymous Anonymous said...

So many blogs, so little time. Got to get back to work on my own real estate sites. Enjoyed the visit. Stop by my site if you have a chance.

5/14/2006 09:47:00 AM  

Post a Comment

<< Home