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  • First Time Home Buyer

    Find out the 10 biggest mistakes for home buyers and how to avoid them!

    Testimonials

    "Having run an international company, I could appreciate the marketing that Tom did for our house. He priced it correctly at $2,250,000 and implimented a marketing plan which produced two full price offers in a few weeks. We were impressed with this extremely thorough transaction."

    ~Satisfied Seller


    "Please let me take this opportunity to thank you for moving my property in Short Hills. I was told that the McDonough name was magic when it came to selling or buying property - now I'm convinced."

    ~Satisfied Seller

    Summit NJ Real Estate Market 9/1/2010


    September 1st, 2010

    Active – 89

    Attorney review – 5

    Under contract – 43

    Sold in the last 12 months – 277

    New listings in the last 14 days – 5

    The number of available homes for buyers to purchace is under 90 which is again a new low. The sales are steady as they averaging 1 per day. The summer is traditionally a slow time of year. Next week the kids go back to school. In 3 weeks when autumn begins the market should have picked up. It will be interesting to see the new listings that apear at this time. Both prices and rates remain at a desireable level. Hopefully sales increase and continue the favorable market that everyone is enjoying.

    www.tommcdonough.com
    tom@tommcdonough.com

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  • Thomas G. Mcdonough: 428 Springfield Ave, Summit, NJ 07901 Phone: 908-273-0400 Cell: 908-500-2338