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, shopping and houses of worship.
If you are considering buying or selling a home in this area call me today, I'll help you and your family with all your Real Estate dreams. Don't let my company name fool you! I have been selling homes in Passaic, Morris and Sussex Counties for over 25 years.
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