Area Market Report For Lincoln Park, NJ August 2007
During the month of August 2007 there were 22 newly marketed properties with the average asking price of $420,636.00. The lowest price home is a ranch style home with 6 rooms, 2 bedrooms and 1 bath. The asking price is $259,900.00. The highest priced home is a Bi-level with 9 rooms and 3 bedrooms, 3 baths and is asking $699,00.00.
Six properties were listed as "UC" under contract with an average asking price of $427,320.00 and was on the market for an average of 103 days.
Ten properties were listed as Sold with an average asking price of $347,650.00 and an actual sold price of $336,600.00 this number represents a List to sale Ratio of 96.82% indicating a strong market. the average days on market was 60 days. Lincoln Park NJ not to be confused with Linkin Park the band, is a great place to start out with good schools and a regional High School in Boonton NJ, excellent first time buyer community as well as newer construction and move up area. The Trains are with in walking distance for most and if you prefer Wayne train station is just down the road. I am very familiar with the Borough of Lincoln Park and have sold many homes there, if you are interested in living in this area please reach out to me for Best Results Guaranteed!
By the way only six properties did not sell during the month of August where there contracts elapsed the average asking price was $393,450.00
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