Area Market Report For Wharton Boro., NJ August 2007
Information Compiled by; Gary J Rocks, WERNER REALTY OF Sussex County
During the month of August there were six newly marketed properties with an average asking price of $348,392.00 with the lowest asking price of $264,900.00 and the highest asking price od $450,000.00.
three properties were reported as "UC" under contract with an asking price of $328,800 on average and was on the market for an average of 66 days.
Two properties Sold with an average asking price of $321,578.00 and actual average sold price of $312,750.00 this represents a List to Sold Ratio of $97.25% this is great and indicates a strong market.
Wharton Boro is a close nit God fearing community with not many homes on the market as compared to surrounding neighboring towns. Predominantly a first time buyer area with loads of rateable in the area and good employment. Picatinny Arsenal is nearby and employs many civilian contractors.
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