STANHOPE BOROUGH AREA MARKET REPORT JULY 2007
Information supplied by Gary J Rocks of Sussex County Real Estate
Here is the marketing report for Stanhope Borough July 2007
During this period of time there were eleven newly listed properties with an average price of $265,881.00 The least expensive home is a Town House interior unit on the market for $194,900.00 while the most expensive home listed was a Ranch style home listed for $336,900.00 it has seven rooms three bedrooms and one and a half baths. Two properties were listed as "UC" under contract with and average asking price of $259,000.00
Four homes sold with an Average asking price of $326,325.00 and an average Sold price of $316,125.00 or 96.9% of original list price the average days on the market is 145 days.
Two properties were listed as "T" temporarily off the market with and average asking price of $252,400.00 they averaged days on the market as 98.
Four properties were listed as "W" withdrawn with an average list price of $271,175.00. And Three properties were listed as "X" expired this is where the contractual obligation between agent and seller has elapsed. The average asking price there is $307,933.00.
Market inventory for Stanhope borough is at 3.5 months which indicates a very strong market.
If you would like to know how your homes compares to the active and sold inventory just give me a call I'll be happy to prepare for you a no obligation cost free market analysis for your property. Be sure to mention you saw this report.