Watchung just had its first residential closing of a over amillion dollars since January.
Currently in Watchung there are 57 single family homes for sale. (active listings.
There are 10 single family homes under contract.
In the last month there were 13 price changes, 7 homes went under contract, and there were3 closed sales.
Year to date there have been 40 sales of single family homes.
The average sales price was:464,666
The average days on the market was.127 days
Under $1 million,
Threre are 35 homes for sale.
Priced Over $1000,000, there are 22 listings. In the last month with an average price of $1.73Million; 2 houses went under contract and 2 sales closed. The top closed price was $1.5Million
During the same period in 2008, there were: closed sales: 10. The average sold price was 813,550 and the highest price was $2.2Million
The average time on the market was: 105 days
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