AREA MARKET REPORT FOR HOPATCONG BORO, NJ

During the month of October 2007 there were 35 newly marketed properties with an average asking price of $321,429.00. Of these 35 properties the lowest marketed price is asking $135,000.00 for a one bedroom ranch home and the highest is asking $669,000.00 for a custom home with 4 bedrooms.

Nineteen properties were reported as under contract with an average asking price of $265,249.00and they were on the market for an average of 97 days. The final sales price will not be made public until these properties transfer title.

Sixteen properties transfer title with an average asking price of $278,175.00 and an average actual Sold price of $270,846.00 these properties were on the market for an average of 87 days.

Eleven properties were withdrawn from the market with an average asking price of $279,318.00 and were on the market for an average of 91 days.

Twenty-three properties expired from the market with an average asking price of $309,130.00 and they were on the market for an average of 201 days.

Hopatcong Boro; NJ is a great place to live! affordable housing is plentiful it has New Jerseys largest Motor Boat Lake and is great for fishing, swimming, water skiing and offers restaurants around the lake. It is in close proximity to major transportation and highways as well as shopping malls.

If you would like to own Real Estate here as a permanent residence or vacation/investment property give me a call, I know where all the great deals are.