Below is a graph of what a 4 bedroom 2 and 1/2 half bath homes have sold for on average in Morris Plains NJ since 1995.  If you bought your home in 1995 you have seen on average an increase in equity of about 5 percent a year.  Not a bad deal.  The market in town peaked in 2006 and have fallen about 5 percent a year through to 2009.  What the chart is showing is that home values in town have started to bottom out.  You can see that homes on the high end have already started to rise as have houses on the low end of the spectrum have also begun to  rise in value.  These stats where taken from the MLS statistics on Morris Plains

This report was done on only 4 bedroom 2 and 1/2 bath homes but can be run for any type of propertyand any where.  If you are interested in what the real value of your home is e mail me and I would be happy to run a Home  Value History Report for your house.  My Email Address is rsittmann@weichert.com  Click on the graph to make it larger and to print it.

Thanks For Reading Morris Plains Homes NJ.  Here is the Quote:  “In wine there is wisdom in beer there is happiness in water there is bacteria”   Benjamin Franklin

Bob Sittmann