Market Update for The Barons Townhouses in Basking Ridge:

Active:

34 Dexter Drive N                                   $478,900

13 Bradford Lane                                     $499,000

1 Dexter Drive N                                      $499,900 * (In attorney Review)

4 Bradford Lane                                       $509,900

3 Deerfield Ct                                             $518,000

21 Dexter Drive N                                    $519,900

19 Bradford Lane                                     $524,900

3 Fairbanks Lane                                      $525,000

30 Fairbanks Lane                                   $525,000

Under Contract:

16 Fairbanks Lane                                    $539,000 (Anticipated Close Date 4/9/10)

Sold:

11 Fairbanks Lane                    Listed for $449,999,  Sold for $436,250 on 12/15/09

24 Fairbanks Lane                   Listed for $450,000, Sold for $387,500 on 2/12/10

20 Dexter Drive N                    Listed for $545,000, Sold for $522,500 on 12/16/09

13 Dexter Drive S                      Listed for $578,500, Sold for $570,000 on 8/18/09

You can see by this information that the market continues to decline in this community.  The Barons townhouses took longer to reach a decline in this market but ultimately succombed and fell harder and faster than other communities.  Many of the owners in here are original owners and many of these townhomes need updating.  Although if you look at 19 Bradford with its new kitchen and stainless steel appliances it still has been on the market 33 days with little activity. Nine active listings in The Barons townhome community is very rare.  Not too long ago one would find notes in your mailbox from a buyer begging for a private sale because there was nothing on the market.  These townhomes are sizeable and are attractive to buyers who are downsizing or want the spacious feel of the floor plans.  There is one model with a first floor bedroom and those seem to sell more quickly.  Finding a townhouse with a first floor master bedroom is rare and a plus for any seller.  The Barons offers four different models:  the Aristocrat, the Dexter, The Bradford and The Classic.  The Classic model offers the first floor bedroom and a two car garage. 

To see more information about this community and other townhouse communities in Basking Ridge Click here.