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Beverly Meaux, Keller Williams, Real Estate Sales Consultant Interpreting the Market with Integrity

Montclair 2012 Home Sale Prices: Which Way Did They Go?

Montclair real estate sales increased from 305 residential homes sold in 2011 to 325 sold last year. As you read in my real estate report in October the trend also continued with a stronger sales price to list price (SP/LP) ratio and lesser days on market (DOM) than last year. The final 2012 numbers ended lower, on trend from what we were seeing a few months ago, with a 7% decline in the average sales price and a 5% decline in the median sales price.

This price drop is not music to a homeowner's ears, but look at it this way; this, coupled with the low inentory and stronger demand we are seeing in the suburban towns laced with easy commuting options, means qualified buyers looking for homes for sale in Montclair NJ will be more apt to make an offer, and a strong one at that.

 

2012 Residential Sales Snapshot

 

List Price   

Sales Price   

%SP/LP   

DOM   

Min   

$114,900   

$114,900   

64.0   

0   

Max   

$2,195,000   

$1,999,999   

130.2   

559   

Average   

$596,992   

$587,079   

98.0   

77   

Median   

$559,000   

$550,000   

98.1   

46   

 

As of January 24, there were only 77 residential Montclair homes for sale with over half of that amount, 40, currently under contract. This, combined with the relative mild winter here, makes this a great time for a homeowner to put her well-priced home on the market today before the crowds of homes come out in the Spring. Many real estate agents have unique marketing plans to get your home sold so take advantage of them.

 

Address List of Montclair NJ Homes Sold in 2012

STREET

NAME

SALES PRICE

LIST PRICE

TAX AMOUNT

495

Park St

$1,999,999

$1,999,999

$44,612

31

Eagle Rock Way

$1,925,000

$1,995,000

$71,891

483

Park St

$1,825,000

$1,999,999

$53,437

239

S Mountain Ave

$1,800,000

$2,195,000

$58,493

18

Heller Dr

$1,765,000

$1,750,000

$42,159

79

Myrtle Ave

$1,700,000

$1,800,000

$0

33

Norman Rd

$1,700,000

$1,699,000

$31,373

60

Prospect Ave

$1,475,000

$1,575,000

$50,851

17

Sunset Park

$1,440,000

$1,340,000

$34,578

171

Christopher St

$1,359,000

$1,295,000

$34,724

169

Wildwood Ave

$1,354,464

$1,250,000

$34,248

141

Lorraine Ave

$1,317,500

$1,249,000

$34,351

137

Upper Mountain Ave

$1,255,000

$1,150,000

$34,322

178

Highland Ave

$1,250,000

$1,175,000

$32,253

75

N Mountain Ave

$1,235,000

$1,299,000

$44,712

146

Lloyd Rd

$1,216,000

$1,225,000

$29,898

189

S Mountain Ave

$1,200,000

$1,250,000

$38,158

102

Highland Ave

$1,189,400

$1,250,000

$32,760

48

S Park St 522

$1,127,500

$1,100,000

$0

63

Prospect Ave

$1,126,539

$1,150,000

$35,006

124

Lloyd Rd

$1,115,000

$1,150,000

$27,660

480

PARK ST

$1,100,000

$1,250,000

$32,012

25

Ramsay Rd

$1,100,000

$1,195,000

$54,303

25

Laurel Pl

$1,075,000

$1,075,000

$27,887

106

Heller Way

$1,072,568

$1,050,000

$41,924

12

Elston Rd

$1,050,000

$1,125,000

$22,566

181

Upper Mountain Ave

$1,034,000

$1,095,000

$49,790

15

Erwin Park

$1,030,000

$1,145,000

$30,417

166

N Mountain Ave

$1,025,000

$1,050,000

$31,236

41

Elston Rd

$999,999

$979,000

$28,042

76

Porter Pl

$998,520

$1,100,000

$36,233

110

Lorraine Ave

$997,500

$949,000

$32,012

116

Inwood Ave

$990,000

$1,075,000

$26,009

109

Lorraine Ave

$990,000

$999,000

$44,540

5

Highland Ter

$975,000

$999,000

$28,827

345

Park St

$960,000

$985,000

$32,013

8

Christopher Ct

$956,000

$975,000

$26,343

122

Clarewill Ave

$950,000

$949,999

$26,164

112

Clarewill Ave

$949,000

$949,000

$28,045

386

Upper Mountain Ave

$940,000

$995,000

$25,912

41

Bradford Ave

$930,000

$995,000

$35,266

157

Highland Ave

$930,000

$930,000

$25,931

77

Beverly Rd

$915,000

$999,000

$24,933

75

Club Rd

$910,000

$939,000

$23,704

22

Melrose Place

$910,000

$869,000

$28,273

767

Valley Rd

$909,000

$899,000

$25,481

14

Glenside Ter

$901,000

$839,000

$20,923

21

Marion Rd

$900,000

$859,000

$26,506

38

Highland Ave

$895,000

$929,000

$27,709

103

Summit Ave

$880,000

$799,000

$22,759

31

Parkway

$871,000

$879,000

$22,424

56

Harrison Ave

$862,000

$739,000

$24,534

9

Prospect Ter

$860,000

$899,000

$32,306

293

Upper Mountain Ave

$860,000

$879,000

$23,613

111

Stonebridge Rd

$860,000

$849,000

$22,024

36

Cambridge Rd

$858,548

$839,000

$22,536

346

Upper Mountain Ave

$850,000

$899,000

$21,983

118

Buckingham Rd

$848,000

$879,000

$20,192

6

Capron Ln

$845,000

$795,000

$23,101

197

Fernwood Ave

$840,975

$839,000

$30,701

4

Windsor Pl

$840,000

$769,000

$20,239

92

Overlook Rd

$835,000

$849,000

$21,007

11

The Fairway

$830,000

$799,900

$26,460

237

Christopher St

$829,499

$839,000

$23,348

23

Marion Rd

$825,550

$799,000

$18,567

172

Watchung Ave

$825,000

$849,900

$18,664

25

Duryea Rd

$825,000

$839,000

$20,800

112

Eagle Rock Way

$815,000

$849,000

$30,568

12

Brunswick Rd

$810,000

$810,000

$22,787

34

Plymouth St

$801,000

$839,000

$24,677

153

Highland Ave

$800,000

$869,000

$30,500

69

Melrose Pl

$800,000

$839,000

$25,482

580

Park St

$800,000

$759,000

$20,094

10

Mountain Ter

$789,000

$789,000

$18,763

81

Montclair Ave

$787,000

$799,000

$19,704

55

Harrison Ave

$770,000

$719,000

$30,732

40

Woodmont Rd

$765,000

$799,000

$20,488

20

Mt Vernon Rd

$760,000

$723,000

$16,871

17

Yale Ter

$756,000

$724,900

$18,119

18

Glenridge Pky

$751,000

$719,000

$19,384

130

Central Ave

$750,000

$785,000

$20,106

10

Potter Ct

$750,000

$775,000

$0

107

Bellevue Ave

$750,000

$769,000

$23,827

22

Glenridge Pky

$750,000

$729,000

$17,076

18

Bruce Rd

$749,000

$749,000

$18,977

10

Crestview Ct

$742,500

$759,900

$20,073

15

Mendel Ter

$740,100

$739,000

$18,352

263

Midland Ave

$740,000

$699,000

$19,660

55

Warfield St

$730,000

$729,000

$22,631

7

Mount Vernon Rd

$725,000

$699,000

$17,235

218

Highland Ave

$719,000

$719,000

$19,537

24

Upper Mountain Ave

$710,000

$769,000

$8,499

555

Park St

$710,000

$719,000

$23,470

15

Woodmont Rd

$701,000

$649,000

$20,190

9

Belvidere Pl

$699,000

$699,000

$11,386

60

Plymouth St

$695,000

$724,900

$22,608

268

Orange Rd

$690,000

$749,000

$20,805

394

N Fullerton Ave

$686,500

$659,900

$17,495

22

Laurel Pl

$685,000

$699,000

$17,729

121

Westview Rd

$685,000

$599,000

$20,600

148

Highland Ave

$680,000

$729,000

$27,800

60

Ardsley Rd

$680,000

$699,999

$15,796

77

Stonebridge Rd

$675,000

$769,000

$28,307

62

Harrison Ave

$675,000

$685,000

$22,024

32

Franklin Pl

$670,000

$699,900

$16,308

30

Norman Rd

$670,000

$679,000

$19,535

141

N Mountain Ave

$665,000

$659,000

$17,440

308

Park St

$658,000

$699,000

$18,231

253

Highland Ave

$655,000

$700,000

$21,847

10

Clairidge Ct

$655,000

$675,000

$17,507

25

Aubrey Rd

$655,000

$645,000

$19,635

12

Warfield St

$650,000

$699,000

$17,489

83

Beverly Rd

$650,000

$629,000

$18,964

47

Erwin Park Rd

$649,000

$649,000

$19,401

23

Windsor Pl

$649,000

$649,000

$17,927

131

N Mountain Ave

$645,000

$639,000

$16,670

42

Norman Road

$642,500

$599,000

$17,980

169

Lorraine Ave

$641,400

$635,900

$20,557

210

Park St

$641,000

$499,000

$17,870

130

Squire Hill Rd

$640,000

$699,000

$20,298

209

Montclair Ave

$640,000

$620,000

$18,751

19

Yale Ter

$640,000

$619,000

$15,929

119

Gordonhurst Ave

$640,000

$597,000

$18,767

18

Norman Rd

$639,000

$649,900

$21,379

24

Frederick St

$635,000

$639,000

$17,668

121

Wildwood Ave

$635,000

$635,000

$19,033

51

Myrtle Ave

$635,000

$629,000

$18,743

7

Emerson Pl

$635,000

$629,000

$14,275

16

Warren Pl

$629,000

$629,000

$16,905

137

Cooper Ave

$625,000

$699,000

$26,227

9

Locust Dr

$625,000

$699,000

$24,047

366

N Mountain Ave

$623,050

$629,000

$21,874

52

Ardsley Rd

$622,000

$639,000

$23,617

197

Highland Ave

$620,000

$599,000

$17,536

113

Essex Ave

$619,000

$619,000

$17,240

207

Lorraine Ave

$617,500

$539,000

$16,349

305

N Mountain Ave

$616,000

$616,000

$20,869

184

Summit Ave

$612,000

$574,900

$17,558

7

Victoria Ter

$610,000

$575,000

$17,419

87

Inwood Ave

$606,000

$569,000

$17,988

68

Dryden Rd

$605,000

$628,000

$15,688

156

Christopher St

$601,200

$569,000

$16,559

93

Wildwood Ave

$601,000

$559,000

$15,109

549

Grove St

$600,000

$619,000

$18,982

298

Park St

$600,000

$599,000

$19,758

284

Park St

$599,000

$599,000

$18,861

541

Highland Ave

$595,000

$569,000

$16,497

249

N Mountain Ave

$592,400

$619,000

$18,311

105

Essex Ave

$586,850

$630,000

$18,037

47

Tremont Pl

$585,200

$579,000

$16,646

114

Undercliff Rd

$580,000

$614,500

$15,744

30

Greenview Way

$580,000

$599,000

$21,115

45

S Mountain Ave

$580,000

$599,000

$24,969

19

Parkway

$575,000

$650,000

$21,920

582

Highland Ave

$575,000

$585,000

$14,866

16

Lasalle Rd

$575,000

$582,500

$16,311

109

Westview Rd

$575,000

$579,000

$17,030

316

Highlan Ave

$569,000

$559,000

$20,454

9

Prescott Ave

$560,000

$569,000

$15,796

38

Fairview Pl

$560,000

$569,000

$15,517

37

Brunswick Rd

$556,000

$559,000

$17,670

18

Carteret St

$554,500

$579,000

$15,824

198

Grove St

$550,000

$599,000

$18,162

5

Kenneth Rd

$550,000

$579,900

$16,653

117

Wildwood Ave

$549,000

$549,000

$15,094

772

Valley Rd

$546,500

$549,000

$13,385

412

Upper Mountain Ave

$545,000

$559,000

$19,187

19

Stephen St

$540,000

$559,000

$15,366

112

Squire Hill Rd

$540,000

$519,900

$14,469

8C

S Mounain Ave

$535,000

$549,000

$16,262

147

N Mountain Ave

$535,000

$524,000

$18,116

167

Highland Ave

$525,000

$499,000

$20,480

46

Northview Ave

$525,000

$489,900

$15,360

7

Burnside St

$520,000

$549,000

$15,424

36

Montclair Ave

$520,000

$539,900

$15,916

218

Valley Rd

$520,000

$524,900

$16,033

5

Fairmount Ave

$515,000

$515,000

$14,748

294

Grove St

$512,000

$485,000

$12,464

212

Watchung Ave

$510,000

$569,900

$13,709

8

Carolin Rd

$505,000

$499,000

$13,091

46

Gordonhurst Ave

$504,000

$519,000

$14,101

73

Oakwood Ave

$503,000

$499,000

$16,456

61

Grandview Pl

$500,000

$539,000

$15,998

To see the rest of the Montclair, NJ residential homes that sold in 2012, click here.

To compare Montclair real estate results to the results in some nearby towns, check out the real estate reports for Livingston, South Orange and West Orange.

Note: All data has been obtained from the Garden State Multiple Listing Service (GSMLS) as of January 24, 2013 and does not include any sale conducted without a real estate agent. All data deemed reliable but not guaranteed. $0 in taxes simply means the taxes were not calculated at the time the listing was inputted into GSMLS.