June 2008 has seen fewer commercial properties for sale over June 2007. Coincidentally, the average list price was down from $768,824 to $543,268 . There were three new listings during the month with an average list price of $461,666.

New listing prices were an average of $644,700  in 2007. Only two properties went under contract with an average price of $827,500 . Noticeably no commercial properties were sold in June of either year.

 

 

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William Collins, Broker Associate

South Orange, NJ

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ERA Queen City Realty

Office Phone: (973) 275-5454 x 11

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