306 Homes SOLD in Millburn Township New Jersey in 2007
222 in Short Hills and 84 in Millburn.
Despite the near constant screaming by the news media about the national real estate market, Millburn Township real estate and Short Hills Real Estate appreciated in 2007 with the Average Sold Price increasing by 2% and the number of Homes Sold increasing by 13% over 2006 home sales in Millburn Township. This is yet another example of people coming back to the train line towns of the Midtown Direct New Jersey Transit System. When thinking of buying a home in Northern New Jersey, take a look at the towns along the Mid-Town Direct Train Line. Many Experts are predicting that these towns will continue to outperform non train line towns for appreciation for the foreseeable future.
Though Millburn Township New Jersey is the actual town name, most people from outside the area only know of the Short Hills section, which is really a shame since many other parts of Millburn Township are very nice and very desirable as well.
Average List Price: $608,440
Average Sold Price: $602,348
Average Time to Sell: 52 Days
Sold Price As A Percentage of List Price 99%
Average List Price: $1,615,011
Average Sold Price: $1,559,166
Average Time To Sell: 65 Days
Sold Price As A Percentage of List Price 96%
James Boyer
NJ REALTOR Associate
RE/MAX Properties Unlimited
973-647-0253 Direct
Check out the latest article about purchasing foreclosure real estate as an investment at Short Hills Real Estate foreclosure.
2 responses so far ↓
1 Summit Realtor // Jan 30, 2008 at 7:22 pm
Once again, great report. Short Hills and Millburn are really competitive real estate markets dominated by a few Realtors who are really stuck on themselves, watch out.
2 Jersey Girl // Jan 31, 2008 at 8:13 am
interesting info. I thought that home prices were going through the floor in places like Short Hills
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