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Bernardsville Market Update Q4’ 23 vs Q4’ 22

Inventory Trends

Overall inventory was consistent with Q4 2022.

Closed Sales Insights

Because of the limited inventory, we experienced a 19% decline in closed sales. In the townhome sector we had only 1 townhome close in 2022 and 0 in 2023 contributing to the inefficient data set to evaluate.

Average Sale Price Trends

The average sale price in Bernardsville declined 36% for single family homes. This is primarily due to the mix of homes sold as opposed to depreciating prices.

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A Bernardsville resident for over 10 years, Megan Bonanno understands the nuances of NJ’s luxury market. Whether buying or selling, her expertise ensures a seamless, successful real estate experience.

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Contact Details

Megan Bonanno - NJ

Phone

862.812.0634

[email protected]

Address

68 N Finley Ave Basking Ridge NJ 07920

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