AREA MARKET REPORT FOR FREDON TWP; NJ SEPTEMBER 2007

By
Real Estate Agent with Juba Team Realty

MEMEM

 Area Market Report For Fredon Twp; NJ September 2007

Information Provided by; Gary J Rocks, Broker Associate,Werner Realty of  Sussex County.

During the month of September there were 9 newly marketed properties with an average asking price of $821,333.00 with the lowest asking price of $409,900.00 and the highest at $3,500,000.00A Custom Colonial Cape Cod Type of home on 175 acres age of the home unknown but the home has 8 rooms 4 bedrooms and 3.5 baths with a 6 car garage. Any of you Rock Stars Want a place in the Country Give me a Call!  I'll get you in.

Anyway back to reality, one property was reported as "UC" under contract with an asking price of $420,000.00 an older colonial on 9.63 acres of property, the home was on the market for just 70 days.

Five properties were listed as SOLD with the average asking price of $529,940.00 and actual closed price of $501,400.00 these properties sat on the market for an average of 115 days. This represents a List to Sold Ratio of 94.6%a slight drop in pricing but nothing to get worried about. After all Real Estate is a Commodity and like all other Commodities we have our ups and downs. Only 8 properties went to the wayside with an average asking price of $471,962.00 and they sat on the market for 225 days on average.

Hey folks, if you are thinking of selling your property call me today, I 'll do my best to protect your investment and get you the highest possible return in the shortest possible time with the least inconvenience.

If your thinking of moving to Fredon Twp, go with the Pro of Sussex County and find the best deals available.

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