Market Activity Summit NJ

Monthly Average Home Sales Report - Summit NJ

To view a Detailed Home Sales Report click on a desired month in the chart below.

* Ratio: SP/LP represents the sale price as a percentage of list price.

Date	# of Properties Sold	Average List Price	Average Sale Price	Ratio: SP/LP*	Days on the Market
June 2020	22	$ 1,148,494	$ 1,108,136	96.49 %	40
May 2020	22	$ 982,636	$ 958,068	97.50 %	29
April 2020	18	$ 1,070,889	$ 1,029,739	96.16 %	40
March 2020	18	$ 921,489	$ 888,131	96.38 %	69
February 2020	14	$ 849,636	$ 816,143	96.06 %	91
January 2020	25	$ 1,071,352	$ 1,033,080	96.43 %	87
December 2019	26	$ 1,122,269	$ 1,067,731	95.14 %	50
November 2019	18	$ 946,333	$ 933,167	98.61 %	64
October 2019	20	$ 815,400	$ 797,844	97.85 %	36
September 2019	14	$ 1,076,929	$ 1,054,500	97.92 %	50
August 2019	26	$ 1,206,423	$ 1,158,279	96.01 %	57
July 2019	37	$ 1,116,995	$ 1,079,757	96.67 %	44
June 2019	31	$ 1,248,564	$ 1,208,166	96.76 %	46
May 2019	17	$ 1,104,059	$ 1,089,588	98.69 %	48
April 2019	21	$ 917,519	$ 899,286	98.01 %	40
March 2019	17	$ 1,148,700	$ 1,123,318	97.79 %	49
February 2019	12	$ 1,224,075	$ 1,175,850	96.06 %	48
January 2019	12	$ 896,250	$ 849,604	94.8 %	59
December 2018	14	$ 1,014,357	$ 984,621	97.07 %	67
November 2018	14	$ 1,055,421	$ 1,031,357	97.72 %	22
October 2018	24	$ 930,558	$ 900,121	96.73 %	60
September 2018	11	$ 786,355	$ 767,500	97.60 %	45
August 2018	29	$ 1,447,207	$ 1,398,561	96.64 %	49
July 2018	33	$ 1,320,876	$ 1,290,136	97.67 %	36
June 2018	40	$ 1,277,723	$ 1,260,950	98.69 %	26
May 2018	33	$ 1,149,966	$ 1,140,009	99.13 %	39
April 2018	25	$ 1,103,396	$ 1,073,000	97.25 %	46
March 2018	22	$ 93,268	$ 929,530	92.50 %	63
February 2018	11	$ 1,881,445	$ 1,805,385	95.96 %	79
January 2018	22	$ 1,016,945	$ 985,056	96.86 %	52
December 2017	22	$ 1,403,673	$ 1,347,920	96.03 %	68
November 2017	18	$ 1,092,750	$ 1,054,722	96.52 %	47
October 2017	15	$ 938,320	$ 906,680	96.63 %	44
September 2017	23	$ 882,300	$ 862,365	97.74 %	42
August 2017	35	$ 1,002,877	$ 993,571	99.07 %	48
July 2017	28	$ 1,134,607	$ 1,123,071	98.98 %	36
June 2017	48	$ 1,061,037	$ 1,048,340	98.80 %	35
May 2017	29	$ 1,063,203	$ 1,054,831	99.21 %	25
April 2017	23	$ 1,170,735	$ 1,133,804	96.85 %	37
March 2017	29	$ 1,224,310	$ 1,195,327	97.63 %	53
February 2017	11	$ 921,900	$ 895,536	97.14 %	52
January 2017	13	$ 854,292	$ 794,538	93.01 %	66
December 2016	29	$ 822,131	$ 806,203	98.06 %	38
November 2016	16	$ 813,481	$ 821,956	101.04 %	49
October 2016	24	$ 1,050,238	$ 1,023,460	97.45 %	46
September 2016	29	$ 943,014	$ 920,379	97.60 %	51
August 2016	33	$ 1,062,436	$ 1,040,882	97.97 %	52
July 2016	38	$ 1,024,176	$ 1,010,073	101.40 %	28.95
June 2016	40	$ 1,168,595	$ 1,149,277	98.35 %	33.00
May 2016	40	$ 999,370	$ 999,000	99.96 %	37.88
April 2016	17	$ 1,070,194	$ 1,056,275	98.70 %	31.47
March 2016	15	$ 809,360	$ 779,400	96.30 %	75.53
February 2016	16	$ 529,781	$ 514,108	97.04 %	78.06
January 2016	14	$ 1,031,857	$ 1,006,107	97.5 %	51.07
December 2015	41	$ 1,315,905	$ 1,206,511	91.69 %	72.41
November 2015	17	$ 1,024,167	$ 964,667	94.19 %	60.58
October 2015	13	$ 1,161,462	$ 1,135,769	97.79 %	73.38
September 2015	30	$ 963,627	$ 942,295	97.79 %	63.2
August 2015	32	$ 1,078,863	$ 1,071,504	99.32 %	33.22
July 2015	32	$ 981,031	$ 972,150	100.91 %	34.63
June 2015	31	$ 1,048,410	$ 1,033,981	98.62 %	38.26
May 2015	16	$ 1,130,948	$ 1,103,110	97.54 %	31.19
April 2015	21	$ 750,518	$ 736,485	98.13 %	37.88
March 2015	14	$ 1,174,143	$ 1,168,891	99.55 %	28.93
February 2015	18	$ 835,916	$ 800,944	95.82 %	50.67
January 2015	16	$ 897,550	$ 875,094	97.50 %	57.81
December 2014	21	$ 729,150	$ 719,550	41.3 %	98.68
November 2014	12	$ 825,167	$ 794,604	96.3 %	70.42
October 2014	14	$ 890,929	$ 864,321	97.01 %	66.86
September 2014	14	$ 994,343	$ 961,857	96.73 %	41.86
August 2014	34	$ 1,094,847	$ 1,084,188	99.03 %	25.18
July 2014	39	$ 1,262,672	$ 1,258,141	99.64 %	23.21
June 2014	33	$ 859,970	$ 861,318	100.16 %	33.42
May 2014	27	$ 948,832	$ 926,702	97.67 %	37.86
April 2014	23	$ 696,891	$ 684,109	98.17 %	62.43
March 2014	14	$ 935,782	$ 902,214	96.41 %	47.14
February 2014	9	$ 798,967	$ 761,944	95.37 %	46.56
January 2014	14	$ 570,564	$ 569,004	99.73 %	43
December 2013	18	$ 888,154	$ 869,978	97.95 %	55.22
November 2013	12	$ 1,151,075	$ 1,080,750	93.89 %	35.42
October 2013	23	$ 741,213	$ 722,176	97.43 %	58.65
September 2013	23	$ 775,370	$ 750,783	96.83 %	54.09
August 2013	35	$ 757,263	$ 741,577	97.93 %	42.80
July 2013	41	$ 1,259,688	$ 1,216,505	96.57 %	49.59
June 2013	42	$ 1,111,262	$ 1,103,464	99.30 %	43.64
May 2013	23	$ 1,151,952	$ 1,135,891	98.61 %	22
April 2013	22	$ 1,022,086	$ 1,009,880	98.81 %	56.50
March 2013	14	$ 920,929	$ 885,214	96.12 %	96.29
February 2013	9	$ 748,056	$ 708,203	94.67 %	81.56
January 2013	11	$ 1,232,909	$ 1,161,625	94.22 %	75.55
December 2012	24	$ 1,034,808	$ 997,563	96.40 %	49.50
November 2012	15	$ 650,720	$ 621,629	95.53 %	80.53
October 2012	10	$ 705,900	$ 662,300	93.82 %	99.10
September 2012	14	$ 1,043,779	$ 1,023,750	98.08 %	68.50
August 2012	28	$ 952,750	$ 929,233	97.53 %	52.36
July 2012	36	$ 973,894	$ 941,843	96.71 %	62.54
June 2012	40	$ 1,226,475	$ 1,176,513	95.93 %	53.9
May 2012	33	$ 845,315	$ 822,288	97.28 %	53.06
April 2012	32	$ 759,719	$ 749,032	98.59 %	45.35
March 2012	12	$ 842,408	$ 793,625	94.21 %	76.50
February 2012	9	$ 815,611	$ 804,833	98.68 %	28.78
January 2012	8	$ 1,192,250	$ 1,143,875	95.94 %	70.38
December 2011	18	$ 1,140,567	$ 1,060,522	92.98 %	92.28
November 2011	15	$ 733,987	$ 698,000	95.10 %	88.6
October 2011	7	$ 637,400	$ 620,643	97.37 %	100.00
September 2011	12	$ 737,242	$ 692,667	93.95 %	64
August 2011	21	$ 992,160	$ 970,770	97.84 %	55.88
July 2011	24	$ 1,343,496	$ 1,268,313	94.40 %	58.50
June 2011	35	$ 881,366	$ 861,121	97.70 %	68.57
May 2011	18	$ 1,008,588	$ 965,988	95.78 %	59.41
April 2011	15	$ 1,039,913	$ 938,300	90.23 %	66.80
March 2011	15	$ 749,460	$ 744,130	99.29 %	67.6
February 2011	9	$ 875,889	$ 849,056	96.94 %	70.78
January 2011	12	$ 545,192	$ 529,125	97.05 %	65.42
December 2010	13	$ 965,692	$ 938,385	97.17 %	69.38
November 2010	26	$ 796,112	$ 779,585	97.92 %	47.54
October 2010	13	$ 1,060,171	$ 1,013,357	95.58 %	54.29
September 2010	19	$ 1,134,577	$ 1,114,205	98.20 %	60.86
August 2010	29	$ 1,047,782	$ 1,030,024	98.31 %	46.45
July 2010	30	$ 1,142,730	$ 1,119,270	97.95 %	47.73
June 2010	52	$ 1,068,977	$ 1,051,321	98.35 %	37.73
May 2010	31	$ 852,723	$ 842,073	98.75 %	56.71
April 2010	23	$ 1,053,970	$ 1,020,548	96.83 %	59.04
March 2010	9	$ 734,780	$ 717,850	97.7 %	61.8
February 2010	8	$ 669,100	$ 659,875	98.62 %	62.25
January 2010	12	$ 741,225	$ 699,492	94.37 %	179.58
December 2009	22	$ 1,172,236	$ 1,091,471	93.11 %	159.86
November 2009	19	$ 998,337	$ 975,536	97.72 %	83.58
October 2009	16	$ 707,925	$ 674,500	95.28 %	42.63
September 2009	23	$ 972,730	$ 936,196	96.24 %	88.52
August 2009	30	$ 934,257	$ 909,650	97.37 %	58.1
July 2009	43	$ 1,045,016	$ 999,314	95.63 %	60.44
June 2009	24	$ 1,096,250	$ 1,049,104	97.70 %	40.71
May 2009	8	$ 598,500	$ 555,750	92.86 %	75.38
April 2009	12	$ 847,742	$ 797,107	94.03 %	90.67
March 2009	8	$ 521,738	$ 486,156	93.18 %	95.25
February 2009	7	$ 932,843	$ 899,732	96.45 %	102.14
January 2009	9	$ 1,185,778	$ 1,114,067	93.95 %	98
December 2008	15	$ 851,053	$ 782,247	91.92 %	65.47
November 2008	13	$ 952,223	$ 913,269	95.91 %	55
October 2008	15	$ 780,536	$ 761,938	97.62 %	68.56
September 2008	22	$ 1,030,218	$ 1,036,609	100.62 %	52.27
August 2008	28	$ 1,087,557	$ 1,096,768	100.85 %	44.61
July 2008	34	$ 1,278,044	$ 1,254,215	98.14 %	46.47
June 2008	29	$ 972,169	$ 948,534	97.57 %	56.17
May 2008	25	$ 870,512	$ 855,002	98.22 %	47.20
April 2008	13	$ 826,992	$ 825,923	99.87 %	53.08
March 2008	19	$ 1,030,835	$ 977,500	94.83 %	71.55
February 2008	11	$ 738,727	$ 706,523	95.64 %	99.73
January 2008	14	$ 848,921	$ 847,714	99.86 %	36.21
December 2007	23	$ 1,010,987	$ 997,023	98.62 %	66.39
November 2007	23	$ 1,010,987	$ 997,023	98.62 %	66.39
October 2007	13	$ 1,165,677	$ 1,148,531	98.53 %	89.46
September 2007	24	$ 1,224,575	$ 1,210,067	98.82 %	43.13
August 2007	34	$ 1,381,697	$ 1,375,189	99.53 %	52.91
July 2007	30	$ 1,184,739	$ 1,180,710	99.66 %	59.81
June 2007	35	$ 1,156,891	$ 1,175,448	101.60 %	49.83
May 2007	29	$ 1,138,752	$ 1,116,431	98.04 %	79.48
April 2007	19	$ 1,044,168	$ 1,028,842	98.53 %	81.37
March 2007	18	$ 1,287,189	$ 1,254,778	97.48 %	35.17
February 2007	15	$ 1,026,193	$ 1,008,073	98.23 %	66.3
January 2007	15	$ 854,027	$ 808,100	94.62 %	71.73
December 2006	19	$ 910,889	$ 916,153	100.58 %	40.32
November 2006	18	$ 864,967	$ 873,083	100.94 %	54.06
October 2006	17	$ 768,429	$ 753,063	98.00 %	42.47
September 2006	22	$ 1,019,255	$ 938,136	92.04 %	68.95
August 2006	28	$ 1,185,636	$ 1,160,079	97.84 %	45.07
July 2006	29	$ 1,071,097	$ 1,057,776	98.76 %	47.17
June 2006	33	$ 1,098,142	$ 1,098,145	100.00 %	26.79
May 2006	26	$ 1,230,973	$ 1,259,419	102.31 %	30
April 2006	20	$ 734,250	$ 723,650	98.56 %	69
March 2006	20	$ 1,136,544	$ 1,086,525	95.60 %	58
February 2006	14	$ 775,343	$ 818,698	105.95 %	43
January 2006	19	$ 1,056,247	$ 1,066,712	100.99 %	37

Testimonials

Kim has been AMAZING! Kim was extremely supportive with negotiations & very responsive & knowledgeable about all of our closing needs. She is kind, patient, trustworthy, reliable & extremely professional. I would highly recommend Kim to any home buyer.

Sarah M.

We solicited three different local agents from three different brokerage firms. We already knew about her reputation and professionalism, so it was an easy decision to hire as a listing agent. Our house was sold and closed within three months from the time we first contacted Kim.

Jennifer M.

She is extremely diligent, responsive, and knowledgeable about the market. At times when we were losing confidence or worried about market conditions, she gave great advice and was always very steady. I have been party to 10 real estate transactions, and I can say that Kim is the best of the lot!

Jerry M. 57 Dellwood Ave, Chatham

"Kim was very helpful and knowledgeable with our home search in Summit. She made the process very easy by being accessible and accommodating. Kim has continued to be helpful through our transition to our new town."

Barbara F Summit, NJ

She is ultra-responsive, engaged, hard-working, and knowledgeable. We really appreciate her consultative style and listening capabilities. She takes the time to learn your needs and understand your priorities. We closed a couple of weeks ago and LOVE our place.

Elaine S. 127 Rotary

Kim is a consummate professional. She understands the market, the applicable technical aspects of the sales process, seeks input and listens to her clients, and is responsive and thoughtful throughout the process. We highly recommend Kim for your real estate transaction needs.

Leslie C. Summit, NJ

Kim and Sally did a fantastic job renting my condo. Because of their knowledge of the market and great service my place rented quickly and at the higher end of the market. I would highly recommend them.

Mike K 66 New England Ave, Summit

We had a difficult property to sell. She walked us through how to handle it. Kim even went above and beyond what we expected to help us present and sell our property. If you are looking for a realtor in the area, I highly recommend Kim for her professionalism and determination.

Jon A.

"Kim has extensive knowledge of the local real estate market and is very attentive to your needs. She had great focus on selling our home and did so in a short period of time for a great price. We would recommend and use Kim cannon if we were to sell again."

Elena N Summit, NJ

“Kim helped us buy a complicated investment property, and has worked with us to rent it out ever since. In fact, we have not had a single day of vacancy! We have a longstanding relationship with her and are constantly impressed with her integrity and work ethic.”

Erik H

Kim has unparalleled knowledge of the area & kept the houses she took us to tied to our end goal. Kim & her team also made ample time to discuss with us the positives & negatives of various comps, & spent more than a few hours with us on the phone analyzing spreadsheets.

Marlo P.

We are newcomers to New Jersey and had no familiarity with all the different towns. Kim did an amazing job of learning our style and making sure that we saw a great cross section of home in all the neighboring towns. It's also always nice when you like who you're working with! Kim is fantastic!

Lisa H.

Kim is the best real estate agent we've ever worked with. Kim & her team are quick to respond to questions and concerns. They provide an excellent service and immediately address any issues. We highly recommend Kim and her team as one of the best realtor groups we have ever worked.

Edward P.

Kim brings a breadth of knowledge and expertise to the table as a seller and buyers' agent. Her negotiation skills are unparalleled and her ability to work with other agents all the while skillfully and passionately representing her sellers' best interests is impressive. Don't wait - just call Kim.

Melissa B

"Kim is thoroughly professional & makes a science of selling a home. She understands that buying/selling a home is emotional & still able to get everyone to work realistically. I think the biggest advantage is that other agents also respect her skills & judgment......"

Ken C Summit, New Jersey

Kim has been our realtor for the past 9 years and has seen us through 2 purchases & a sale. She is the most faithful, loyal, thorough & competent realtor I have ever used. I do not have enough words to say how fantastic she is. Part of our family now. Love her.

Allison B Summit, NJ

Kim has been my real estate broker for several years. She found reliable tenants for my rental property & recently she assisted me in the purchase of another property. I have found all my experiences to be positive, Kim is very professional & knowledgeable. I would highly recommend Kim.

Kelly A.

Kim was extremely responsive and sunderstanding in dealing with myself and two siblings as we sold our parent's estate. I would highly recommend her for her professionalism and sensitivity.

Paul H.

I found Kim Cannon through her impressive website. I loved working with her when I purchased in Chatham years ago and wouldn't use anyone else when I was the seller. She is highly competent, honest, proficient and accessible. RUN to her when you need a service.

Pam H.

Kim’s local knowledge, expertise of the process, timing, execution & assistance with negotiations closed the deal for us. She has a full understanding of this process & made it simple on us through a complex transaction. I recommend Kim’s work highly to anyone looking to buy or sell their home!

Dan M.

"....displayed a depth of local knowledge with respect to neighborhoods and schools that was very comforting since we were moving cross-country...she gave us excellent advice on the negotiation, inspection and closing process....was extremely accomodating in being present as needed."

Jared G Summit, NJ

Kim offered excellent marketing strategies, first-hand knowledge of local schools & experience "staging" our home to sell quickly. The response was overwhelming & our home sold within two weeks (w/multiple offers.) We would recommend Kim Cannon & her team, Anne & Sally.

Debbie L.

She masterfully marketed our home and within a few days of listing our home we received 3 offers. Her attention to detail is one of her strong points. I would highly recommend Kim Cannon as a realtor. She was a pleasure to work with.

Lisa M. 5 Kenneth Court, Summit

I have worked with Kim when both buying & renting. Kim's years of experience have provided her with a true sense of the market value of homes. She is honest when dealing with clients so they have the best chance of either selling quickly or buying a home. We recommended her to others.

Teresa T.

I thought this process was going to be arduous but Kim made it easy. Before we found Kim, we had an offer that fell through. The offer we received through Kim was higher then the one that fell through. I highly recommend her.

Lisa D. 15I Heritage Dr, Chatham

To sum up, I would retain Kim again without thinking twice. She is honest, knowledgeable, highly professional and just really nice. I recommend Kim without reservation to any buyer or seller.

Chris G. 120 Shawnee Path

"Kim was a pleasure to work with. We had an extremely short time line to find a house and she really understood our sense of urgency. Kim was incredibly
knowledgeable about the towns she covers and really seemed to know where we would enjoy living."

Tim and Joanna R Chatham, NJ

In 2007 & 2012 I thought I wanted to sell my house. By 2014 I told Kim I wanted to rent the house. Each time Kim was so professional & helpful. She acted quickly & helped me through the process. When the time comes to sell I will not hesitate to call Kim. I would recommend her without reservation.

Roberta L. New Providence, NJ

"..an agent that is honest, motivated, and extremely helpful. She gave us so much useful information on how to present our house in one of the toughest housing markets and held our hand thru the complete process. I can highly recommend Kim for all your real estate needs."

Karie D

Her negotiation on two offers was strong and determined. She was vigilant on the period from contract to Closing.

Glenys H. 2 Midland Terrace, Summit

On the very first call, she spent a lot of time explaining the home buying process in NJ. Right away, we were very impressed by her patience and deep knowledge of the market. She seemed to have key market statistics, & features of homes (both recently sold and those on the market) at her fingertips.

Priyank G. 9 Twombly

Kim guided us, explaining the exact steps of a typical transaction, to being there with us at the closing table. Kim has many great strengths—professionalism, knowledge of the market, & ability to explain complicated things in a way that is easy to understand.I wouldn't hesitate to recommend her.

Kristina A.

We were transitioning to the suburbs, we wanted someone that knew the area extremely well & would be a reliable guide for us. Kim was the perfect fit. Kim was a calm & reliable resource when it came to negotiating the price & she helped us navigate the closing process with quality recommendations.

David P.

Her inside knowledge & complete honesty made sure we ended up in a home we love. Kim's assistance in the inspection & closing process was top notch. I wouldn't hesitate to recommend her services to anyone looking for a true honest professional.

Melissa

“In selling our home, Kim was on top of every detail, was thoroughly knowledgeable and was always available. Her marketing strategies are highly visible and effective, and in our case resulted in quick multiple offers. We started off with a real estate agent and ended up with a friend."

Therese D Berkeley Heights, NJ

Having bought & sold several home, I can say without reservation that Kim was the most capable professional in all transactional areas that I have worked with. She was very accessible, thorough, provided excellent counsel, & brought consistency and calm to what can be an anxiety producing process.

Mark D.

Kim Cannon is a fantastic agent! She took the time to get to know us as a family and really understand what we were looking for. We trusted her to deliver on the biggest investment of our lives & she delivered. We loved working with her & we give her the highest possible recommendation.

Chrissy C. 686 Springfield

Kim is a highly seasoned real-estate agent with tremendous knowledge & experience in the local markets.She completely understands all of the intricacies, problems& details involved in the process of selling a home. I would highly recommend Kim to anyone contemplating the buying or selling of a home.

Michael A.

We highly recommend Kim. She helped us navigate the sale of our home during a period when the market was in flux. We interviewed several agents, but it was an easy decision. When we began to feel overwhelmed or stressed, Kim’s professionalism and attention to detail helped us through this process.

Jonathan H.

We worked with a number of realtors over the years & Kim was absolutely the best one, by far. She listened to all of our wants & showed us a ton a great options & highlighted things we would not have been aware of or thought about, without ever being salesy. We can't recommend her highly enough.

Glenn H.

Kim came highly recommended to us. She took time the time to understand what we were looking for & then was able to help us evaluate homes as we explored the different neighborhoods. She's super savvy about the market & guided us. She was calm, supportive & responsive throughout the process.

Kari S.

We were looking for market expertise and leadership in selling our Mother's house. And that's exactly what we got. From our first meeting through Closing, Kim and her team produced at every turn. We had a contract within two weeks and closed less than two months later.

Tom N. 20 Greenbriar Drive

Kim is very responsible & reliable as a buyer agent. Whenever a new listing come out, she usually previews the house & gives both positive and negative feedback so we can determine if we want to see it. I wouldn't hesitate to recommend her to everyone I know—and to work with her again in the future!

Junhan W. 66 Tulip St, Summit, NJ

Kim provided us with real guidance along the way and was easy to communicate with. She was able to sell our home in less than a week with multiple offers over asking. Kim has great attention to detail & simply knows her stuff. We would certainly recommend her to anyone looking to buy or sell a home.

Jamie C. 120 Woodland

Our home sold in 3 days with multiple offers and went for well over asking. I attribute to Kim's reputation and marketing. In addition, all matters of closing a home...Kim is there...ON IT. Every phone called returned immediately. Tough, organized and honest. What a team. Highly recommend.”

Bob B.