Stanhope Borough NJ Area Market Reports

Compiled by; Gary Rocks Broker Sales Associate, SVP REO Marketing.

Information received from local Multiple Listing Service

Time Frame 06/01/2007-06/29/2007. Please note that the 30th. day falls on a Saturday and Generally speaking Attorneys and Title companies do not conduct business on Weekends. Therefore, the 30th. day is not reflective in this report.

During the above noted time frame there were nine residential properties listed.

The least expensive was listed at $179,900.00 a four room condo with one bedroom and one bath.

The most expensive home listed $449,900 a Custom home with twelve rooms and five bedrooms two and a half baths.

The Overall above average asking price is $308,388.00 average days on market is eleven.

One property listed as (UC) under contract with an asking price of $339,900.00 a Cape Cod Style home with eight rooms four bedrooms three full baths on about 1/3 acre of property.

One property was listed as withdrawn a Town-Home with an asking price of $245,000.00.

According to the above statistics the market time for a home placed on the market is 11.11 months. These figures change from month to month.

If you would like to know the current value of your home, please give me a call. I'll show you how to get it under contract in 98.9 days or less.