$475K  
The 08515 zip code market saw sales remain flat this week with four homes sold over the last 30 days, while new listings rose to six. Pricing in the 08515 zip code remains consistent from last week to this week, with the median sales price at $365,000 again. Along with flat sales, a relatively high 11 months of inventory indicates that the 08515 zip code is a strong buyer's market.
Comments:

$125K  
08515 is a zip code in New Jersey, and is very affluent with a median income of $101,634 per household. It's much older than the rest of the state, with a median age of 37. It should be noted that at 90.7%, the vast majority of people own their homes in the 08515 zip code. Topping the list of best schools in the zip code is Melvin H Kreps School.
Comments:

$750K  
Sales fell to three homes sold in the 08515 zip code market over the last 30 days. Furthermore, a new downturn in the number of pending transactions continued, with two completed in the same period. The median sales price dropped to $395,000 over the latest reporting period for the 08515 zip code, down from $445,000. The 08515 zip code is a definite buyer's market with 14 months of inventory to choose from, aided by the downturn in contracts.
Comments:

$125K  
The number of home sales in the 08515 zip code market rose 66.7% to five homes over the last 30 days, coming close to the 5.6 monthly average for the last 12 months. In comparison, the nearby 19067 zip code had 60 sales in the same time frame, the most of all neighboring zip codes. Pricing in the 08515 zip code remains consistent from last week to this week, with the median sales price at $445,000 again. The 08515 zip code is still a solid buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
Comments:

$2.2M  
The number of sellers who put their homes up for sale in the 08515 zip code market over the last 30 days remained flat this week at three. Home sales also remained unchanged from the prior period and once again three homes were sold. Pricing in the 08515 zip code remains consistent from last week to this week, with the median sales price at $445,000 again. The 08515 zip code is a strong buyer's market, due to a big 13 months of inventory left and aided by the flat sales.
Comments:

$750K  
Over the last 30 days, a determined downward trend of new sellers coming into the 08515 zip code market continued, with three listings in this week's report. Meanwhile, sales remained flat, with three homes selling during the same period. The median sales price of all transactions in the 08515 zip code did not budge this week, remaining at $445,000. With no movement in sales and the availability of 13 months of inventory, the 08515 zip code is a strong buyer's market.
Comments:

$2.2M  
The 08515 zip code market added another three transactions over the last 30 days. With five price reductions, the lowest amount since March, the market may be finding a price bottom. When comparing other close-by zip codes within the same period, the most came from the 19067 zip code with 82 price reductions. Prices are rising in the 08515 zip code, and the median sales price this period increased from $251,500 to $445,000. The 08515 zip code is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of 14 months of remaining inventory.
Comments:

$496K  
The population of the 08515 zip code is growing slower than the rest of New Jersey, at a 10-year growth rate of 81.8%. It's a smaller-than-average zip code compared to the rest of the state, with 4,856 residents. The 08515 zip code is made up of homes that are considered of moderate age with a median of 24 years. Heading the list of top schools in the zip code is Melvin H Kreps School.
Comments:

$496K  
In this week's report, the number of homes sold in the 08515 zip code market fell to two over the past 30 days, a decrease of 33.3% from last week's report. On the other hand, the close-by 19067 zip code registered 50 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices are coming down in the 08515 zip code, and for this period the median sales price slid from $278,000 to $251,500. With decreasing sales and the availability of 20 months of inventory, the 08515 zip code is a definite buyer's market.
Comments:

$2.2M  
Over the last 30 days, a confirmed downward trend of new sellers coming into the 08515 zip code market continued, with five listings in this week's report. Meanwhile, sales fell, with three homes selling during the same period. The median sales price dropped to $278,000 over the latest reporting period for the 08515 zip code, down from $334,490. The 08515 zip code is a definite buyer's market, thanks to a big 14 months of inventory to choose from and a pullback in sales.
Comments:
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Coldwell Banker Schiavone & Assoc.
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