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AREA MARET REPORT FOR BLOOMINGDALE BORO., NJ JANUARY 2008
AREA MARKET REPORT FOR BLOOMINGDALE BORO., NJ JANUARY 2008 REPORTED BY; GARY J. ROCKS
During the month of January 2008 there were 15 newly marketed properties with an average asking price of $383,159.00. The lowest priced property is a 2 bedroom Colonial with an asking price of $289,000.00. The highest priced property is a4 bedroom Bi-level witj an asking price of $524,899.00.
Two properties went under contract with an average asking price of $304,888.00 and these properties were on the market for an average of 74 days.
Five properties transfer title with an average asking price of $446,980.00 and an actual SOLD Price average of $418,400.00 these properties were on the market for an average of 106 days. This represents a 93.60% Asking Vs. Sold Price Ratio.
Seven properties withdrew from the market with an average asking price of $379,314.00 and these properties were on the market for an average of 152 days.
Eight properties expired from the market with an average asking price of $435,462.00 and were on the market for an average of 156 days.
Bloomingdale Boro., is a great area for the first time or move up buyer, it is in close proximity to major highways and transportation and is very close to schools, ... more

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