WOW...the homes are moving in Oakland, New Jersey. Sited by Business Week as one of THE TOP FIFTY places in the US to raise children. Over 55 homes have gone under contract of have SOLD in the last 3 months... This is great news.
You can see that there is GREAT Value in OAKLAND as well --- the average price of the homes u/c or SOLD is $ 457,387. This is fabulous for first time home buyers...low interest rates plus an $ 8,000 home buying credit for those first time home buyers is spurring lots of interest and opportunity.
BUT you have to act quickly if you do see a home in this lovely, family friendly town. I have been in several multiple offer situations over the past week because the prices are priced RIGHT! And, because the homes are mostly under the $ 500,000 mark.
So if you are searching for an opportunity in OAKLAND, NJ --- bring your checkbook!
| Status |
|
# |
Average |
Minimum |
Maximum |
Avg DOM |
|
| Under Contract |
: |
28 |
$462,668 |
$125,000 |
$1,250,000 |
96 |
|
| Sold |
: |
27 |
$438,278 |
$165,000 |
$790,000 |
119 |
|
| Total Listings |
: |
55 |
|
Sold properties closed averaging (95.64%) of their final list price (FLP). This reflects a (4.36%) difference between property sale prices and their *FLP's. |
|
| |
| |
Amount |
| Average Price Sold Comps: |
$438,278
|
| Data Indicated List Price**: |
$457,387 |
|
;)
;)
Hello Pamela,
This is great news. I too see signs of improvment everywhere I look. I wrote about it in my blog when I went to Atlantic City this past Sunday. It seems like consumer confidence is up which is great looking ahead.