There is a lot going on in Real Estate today --- and you can tell by my recent Real Estate Snapshots by town --- real estate is truly local. Numbers are different on a town by town basis as far as average asking price. Days on market is different on a town by town basis and the differences between sale price and asking price as far as percentage is different on a town by town basis. You've got to look at the numbers!
Location and pricing are key to fast sales in this ( or any other market )
*** Data taken on 04/29/2008 from the NJMLS of single family homes either under contract ( 6 months ) or sold (6months). ***
| Status | # | Average | Minimum | Maximum | Avg DOM |
| Active | : | 99 | $1,932,596 | $558,000 | $5,999,000 | 124 |
| Under Contract | : | 18 | $2,276,694 | $599,000 | $9,888,000 | 188 |
| Sold | : | 33 | $1,511,833 | $515,000 | $6,900,000 | 213 |
| Total Listings | : | 150 | | Sold properties closed averaging (92.08%) of their final list price (FLP). This reflects a (7.92%) difference between property sale prices and their *FLP's. |
All information is from the NJMLS and is deemed reliable but not guaranteed. 
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Thinking of buying or selling your home in FRANKLIN LAKES, New Jersey?
Let me help you. Know the sales value of your new home and your new neighborhood * based on actual market comps. Allow me to present a Comparative Market Analysis to you that is customized to your home, finances and your specific needs. This will give you detailed information about pricing and selling your home in the current market or BUYING your home in your new neighborhood.
For more information about buying or selling your largest financial asset, contact me at CupaT@aol.com.
Copyright - Pamela Stetson 2008, http://www.pamelastetson.com/
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