AREA MARKET REPORT FOR PEQUANNOCK TWP., NJ JANUARY 2008
During the month of January 2008 there were 25 newly marketed properties in Pequannock Twp., NJwith an average asking price of $461,663.00. The lowest priced property is a condo with6 rooms and three bedrooms and is only $103,707.00. the most expensive property is a Custom Home with thirteen rooms, 5 bedrooms and 4.1 baths with an asking price of $899,900.00
Six properties went under contract with an asking price of $326,433.00.
Nine properties transfered title with an average asking price of $442,575.00 and an actual sold price of $416,611.00 these properties were on the market for an average of 98 days.
Twelve properties were removed from the market with an average asking price of $473,991.00 and they had been on the market for an average of 154 days.
Six properties expired from the market with an average asking price of $406,133.00 and they were on the market for an average of 218 days.
Pequannock Twp., NJis a nice suburban area which is located within easy commuting distance of Manhattan. Trains and buses are nearby. A good school system and a great place to raise a family. First time home buyers love this area as well as move up buyers.
If you are interested in find out what your property maybe worth in today's market give me a call, I will provide you with a complete analysis of your homes present value.
If you are considering buying in this lovely area call me, I can help you and your family locate the perfect home.