FRANKLIN BOROUGH NEW JERSEY AREA MARKET REPORT JANUARY 2008
During the month of January 2008 there were 18 newly marketed properties with an average asking price of $256,965.00. The lowest priced home is in a Manufactured Home Park a 4 room ranch with 2 bedrooms and the asking price is $51,900.00. the highest priced property is a Colonial home with 8 rooms 3 bedrooms and 2.2 baths with a six car garage and the asking price is $624,999.00.
Five properties went under contract with an average asking price of $230,369.00 and had been on the market for 138 days.
Four properties were reported as closed with an average asking price of $232,200.00 and and average actual sold price of $218,875.00. these properties had been on the market for an average of 218 days and received on average 94.26% of asking price, not bad in todays Real Estate environment.
Eight properties were reported as expired with an average asking price of $242,887.00 and were on the market for an average of 208 days.
Franklin Borough New Jersey is an excellent area for for first time buyers as well as those who are looking to down size. The area is steadily growing with stores all the time, making it easy for kids and moms too find employment close by. For more information on this area why not drop me a line at the number listed above.
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