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16 Withdrawn
6 Temporarily Withdrawn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)
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16 Withdrawn
6 Temporarily Withdrawn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)
9 Comments:
16 Back on Market
60 Price Reductions
34 Expired
16 Withdrawn
7 Notice Of Default
Looking good!
Unrealtor-
could you give some thoughts on Parsippany? I'm a transplant to the area and don't know anything about that town...
JM
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)
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
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..
Grim,
Could you please post data about Edion
Thanks,
KBR
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
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
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