We are happy to report that here’s been a sustained amount of activity in Tewksbury throughout 2012.  We’ve talked to several buyers who appear to be making purchasing decisions lately in time to settle into their new homes before the start of the new school year.
Available homes in Tewksbury Township:

• Number of available homes currently available: 82
• Lowest asking price among homes currently available: $214,900
• Highest asking price among homes currently available: $4,900,000
• Number of homes coming on the market since last week: 0
• Number of homes coming on the market since a month ago: 13
• Average list price of all homes currently available: $1,041,974
• Median list price of all homes currently available: $827,500
• Average days on the market of all homes currently available: 143
• Median days on the market of all homes currently available: 113.5

Price changes on homes in Tewksbury Township:

• Number of price changes since last week: 3

Homes under contract in Tewksbury Township:

• Number of homes under contract since last week: 2
• Number of homes under contract since last month: 8
• Number of homes currently under contract: 18
• Lowest asking price of homes currently under contract:$449,900
• Highest asking price of homes currently under contract: $1,300,000
• Average list price of all homes currently under contract: $760,900
• Median list price of all homes currently under contract: $722,500
• Average days on the market of all homes currently under contract: 118
• Median days on the market of all homes currently under contract: 73.5

Market absorption in Tewksbury Township (how many months it will take the year-to-date level of buyer activity to “eat up” the current supply of available housing):

• Number of homes currently available: 82
• Number of homes under contract and closed YTD: 40
• Rate at which homes go under contract YTD: 6.7 homes under contract/month
• Market absorption:  12.2 months’ supply (contact us to discuss how this relates to appreciation/depreciation)

Homes with closed sales in Tewksbury Township:

• Number of homes closed since last week: 2
• Number of homes closed since last month: 7
• Number of homes closed in 2012: 33
• Lowest sale price of homes closed in 2012: $205,000
• Highest sale price of homes closed in 2012: $1,560,000
• Average sale price of homes closed in 2012: $720,545
• Median sale price of homes closed in 2012: $700,000
• Lowest sale price to list price ratio of homes closed in 2012: 82.1%
• Highest sale price to list price ratio of homes closed in 2012: 110%
• Average sale price to list price ratio of homes closed in 2012: 94.7%
• Median sale price to list price ratio of homes closed in 2012: 95.4%

If you would like more information about any of these statistics (e.g., which properties the data refers to), please contact us at 908-975-9756.
Additionally, if you would like more detailed information like this sent to you every week so you can make the best possible decision regarding the price of a home you would like to purchase or sell, please contact us with your email address and the price range or features that interest you (e.g., number of bedrooms, price range, etc.).
(The data above reflects information in the Garden State Multiple Listing System as of 7/4/2012.  Slight inaccuracies are inevitable due to changes in data reported in GSMLS after our analysis is published)

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