For the period October 1, 2008 through September 30, 2009, the GS MLS reported total sales of (73) single family dwellings in Cedar Grove , Essex County,  NJ the average selling price was $515,929 average DOM was 102 days and SP/LP was 95%

For the period October 1, 2007 through September 30, 2008 the GS MLS  reported total sales of (90) single family dwellings in Cedar Grove.  The average selling price was $514,756,  average DOM was 63 days and SP/LP was 97%

Based upon these statistics, it appears that there has been  price stability  in the average  sales price.  Obviously, the data presented above are impacted by the product mix.

Please note that the dates listed above are intended to be similar to the dates used for assessment purposes.

We at Valuation Solutions consider these data when working on tax appeal appraisals or other appraisals. Cedar Grove has undergone revaluation recently for 2010.