Hi Dawn
Are you still looking for the perfect home? It really depends on your price range. At the high end (over $2M)this morning, the closes were $200 K off the the listing price. At the low end it is more variable. Anywhere from $10-50K off the listing price. Although in Chatham a good house (perfect location and condition) can find multiple offers and a sale at or above the asking price. Call a local realtor and she can pull comps for the price range you are in for the recent sales. Good Luck.

Hey Dawn, You can find Chatham home sales statistics straight from the garden state MLS on this page: http://www.housebeautifulnj.com/chatham-nj-real-estate.php .... This gives you data since January of this year. However, there isn't a hard fast rule on list to sale price. You really should hook up with a good realtor and let them guide you on differences pros and cons in various homes and location within the town. A realtor will pull comparables both sold and active to make a determination as to what the best offer would be. The terms of the offere are also important. Meaning...closing date, money down, renting or home to sell. Chatham is a beauty! Best to you. Susan

You can see the actual home sales for Chatham at http://www.nj-realestate-agent.com though trying to determine an average % difference between asking price and sold price so you know what to offer is not a big help as every home is different, and there are still occasions where homes sell above asking price. I would say it is best to work with a REALTOR who is willing to help you find the home you really want, then sit down with you and help you to get all the relevant information needed so that you determine what to offer.

I wish you the best of luck.

Jim

Yes i do, you can go and get it for your self on my site get a MARKET SNAPSHOT it will give you live MLS stats hope it helps you

Dawn,
I don't disagree with the good information from prior responses as a matter of fact I do agree. Here's a slightly different perspective that may or may not help.
If homes are overpriced but the sellers are anxious the percentage of asking price to agreed may be great. If the home is "market priced" the percentage can be very, very small. YES, there are still multiple bids even in this buyers market.
My suggestion is to look around with your agent at available properties, look at (MLS data) very recent sold properties with your agent. Forget about the arithmatic calculations of percentage below. Establish YOUR market value based upon what you've seen and what you and your agent have investigated.
Many buyers feel that it's a financial decision. My experience is it's a chemistry decision. Within 5-10 minutes of walking in the door of a home, a buyer just knows and senses this is it. Sort of left brain right brain conflict. Just my humble opinion.

Hi Dawn,

Based on 105 sales, the MLS reports an average sale-to-list price percentage is 97.4%. However, those stats do not reflect homes that are re-listed, so I would bring that figure down to 93%-95%.

Having said that, if any given seller is sufficiently motivated, you could even do better than that. The job of your buyers agent is to get "the dirt" on the property you are looking at, and the owner you are dealing with, and try to help you figure out how low you can realistically go.

If you need help, contact me via my website!

You can also go on to my site for a Market Snapshot to a get a visual listing of what is selling and for how much.

You can view Chatham Borough sales statistics at the link below. You can also view statistics within Chatham Borough by elementary school districts at this website.