At A Glance: Edison, NJ
Listings As of 4/25
Total Active Listings: 111
Up To $500,000: 64
$500,001 - $1,000,000: 39
$1,000,001 And Up: 8
Listing Activity Since 4/1
32 Added
4 Back on Market
21 Price Reductions
9 Under Contract
12 Sold
5 Expired
3 Withdrawn
0 Temporarily Withdrawn
March Sales Activity
Up To $500,000: 9
$500,001 - $1,000,000: 3
$1,000,001 And Up: 0
Sales Prices were on average 6.2% below Original List Prices
(Activity data from GSMLS)
Total Active Listings: 111
Up To $500,000: 64
$500,001 - $1,000,000: 39
$1,000,001 And Up: 8
Listing Activity Since 4/1
32 Added
4 Back on Market
21 Price Reductions
9 Under Contract
12 Sold
5 Expired
3 Withdrawn
0 Temporarily Withdrawn
March Sales Activity
Up To $500,000: 9
$500,001 - $1,000,000: 3
$1,000,001 And Up: 0
Sales Prices were on average 6.2% below Original List Prices
(Activity data from GSMLS)
14 Comments:
It is only minutes from NYC...50 minutes (if you drive fast on a Sunday at 3am)
oh and
"value mostly in land"
Inventory way way way up and FSBO signs all over.
Ba ba ba ba ba ba ba ba BOYCOTT HOUSES!
6-12 months pricing collapse!
Boooyaaaaaaaaaaaaa!
Bob
Inventory climbing, number of buyers plummets:
32 Added
4 Back on Market
21 Price Reductions
5 Expired
3 Withdrawn
Now I rent an apartment in Edison. I began to look for a house/townhouse since March. I didn't find anything decent. Mostly are 20-30 years old and
very expensive. My offer price should be 15-20% below the asking price. But my agency said it is imposssible. So I am going to wait.
I observed the list house/condo in edison on realtor.com. Number of list is
4/4 667
4/11 673
4/18 690
4/25 728
7% increase in 20 days.
That's a 9% increase
I was told north edison is one of the safest towns in NJ and has good schools. Is it true?
The market in Edison is HOT. Homes continue to sell well, but prices have stabilized.
Does any one know Parsippany, Morris county? I feel this is an extremely flipper-infested town(I had a contract on a house for 280K and it was later falling through 2 yrs back. A flipper bought the house at about 350K last summer and I just find it is back on the market for about 430K). You have to be amazed by the flipper's insane greed!
I see we have over 100 houses for sale and I don't see not much sales. Can grim pull out some of the detailed info?
I was told north edison is one of the safest towns in NJ and has good schools. Is it true?
I was told the same about Newark -- "Suzanne researched this."
I lived in Edison. The school system In North Edison is good ( ranked around 40) and the town is safe. There is a low income community in North Edison, so one the lower school ( Martin ) is not so good. If you want to buy a house in N. Edison, pay attention to train. Make sure no train is very close to the house. Also most of the house in N. Edison is very old and design is very poor.
Is there similar "At A Glance" data for Iselin, which is next door to Edison, though smaller?
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