Franklin Lakes NJ August 2010 Real Estate Report | Homes for sale | Sold

Real Estate Sales Representative with Weichert Realtors

Everyone loves Franklin Lakes NJ Real Estate.  Jersey Housewives, great schools, unbelievable appeal, etc.  The housing market is still looking for its equilibrium but I have to admit, there are some killer deals out there today.  This is the first time in my career I have seen an inventory of beautiful colonial homes with at least 3 bedrooms and 2 baths for under $750,000.  Taxes are ranging from $6,000 to $9,000 for these homes which is favorable for homeowners.

If you are looking to buy or sell a home in Franklin Lakes, NJ, we would value an opportunity to discuss the local market and evaluate your position to assure that we get you the right deal.  Let’s look at some Franklin Lakes numbers.  Before we do so, if you are interested in browsing some homes for sale in Franklin Lakes NJ, see below:

Visit our website to browse all homes for sale in the area.

Available Homes for sale 123
August 2010 Homes Sold 7
August Avg. Sales Price $1,013,000
Avg. Days on Market 82
Months of Inventory 17


Indicative of this chart, the rate of absorption at 17 months is a considerable amount of inventory.  Sellers will have to price aggressively to sell, but as in most areas we cover, if the seller is willing to do so, homes are selling within 60-90 days.  If you would like a Comparative Market Analysis where we can give you a ballpark valuation of your home, let us know.  At the very least, you can see if it is even an option to sell your home.

To preview a full month over month and year over year analysis dating back to 2008, CLICK HERE

If you are looking to buy or sell a home in Franklin Lakes, we would value an opportunity to sit down with you and discuss some options and offer our suggestions.  Feel free to call us at 877.688.7582 or e-mail us.


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