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Monthly Residential Property Market Analysis For Fanwood, New Jersey- August 2008

Fanwood's residential listings were down by 24% in August 2008 by comparison to last year. The listing price was down by 4%, with an average of $457,665. New listings were also down by27% with an average price of $465,291.

Homes under contract and scheduled to close were also down by nearly 14%, with an average price of $460,100. However, closings for the month were up 8%, with an average sales price of $431,393.

Posted by William Collins, Broker Associate on 11/15/2008 11:55 PM

Comments (3)

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Originally posted at: Central New Jersey Real Estate: Monthly Residential Property Market Analysis For Fanwood, New Jersey- August 2008

This post has been included in New Jersey Information Union County, NJ Information Fanwood, NJ Information

3 Comments on Monthly Residential Property Market Analysis For Fanwood, New Jersey- August 2008

NOV

2008

William I hope the closing trend continued. In my area the invntory to sales ratio is wide .

NOV

2008

Jennifer,

Thanks for stopping by. There are areas within the state that are seeing strides in sales and others that still lag. Most of the variance has to do with location and proximity to job centers.

DEC

Thanks for the interesting information.

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