Newton, NJ

AREA MARKET REPORT FOR NEWTON TOWN, NJ JANUARY 2008

During the month of January 2008 there were twelve newly reported properties marketed. The average price range of these properties are $335,775.00 with the lowest priced property being a Cape Cod Colonial with 8 rooms 4 bedrooms and 1 bath built in 1950 the asking price is only $214,900.00. the highest priced property is a Custom Home with 10 rooms 4 bedrooms 2.1 baths and a 2 car garage, the asking price for this beauty is $910,000.00.

Three properties were reported as Under Contract with an average asking price of $332,966.00 and they had been on the market for an average of 185 days.

Three properties were reported as closed title with an average asking price of $218,466.00 and an actual SOLD price of $208,000.00 these properties had been on the market for an average of 162 days.

Three properties were reported as Expired with an average asking price of $291,266.00, these properties had been on the market for an average of 153 days.

The above data has been supplied by the local MLS and written by Gary Rocks of Sussex County Real Estate.

The town of Newton, NJhas allot of history from its old movie theater to its local stores and shops, there is always plenty of fun for the family and kids can easily find employment nearby. Easy commute distance to Picatinny Arsenal and is also great for the first time home buyer.

If you are looking to srell your property I am only minutes away and very familiar with the town and could effectively serve your needs. If you are looking to move to this area drop me a line and I'll arrange for a tour of homes that suite your needs.

A recent article in the New York Times names Newton's downtown "A Main Sreet With Real Staying Power" Surviving the opening of Walmart and Home Depot. The town has recently been accepted into the Main Street New Jersey program, which promotes redevelopment of historic downtowns.

To read the full article visit "A Main Sreet With Real Staying Power"

One of the properties featured in the article is 5 Maple Ave. A historic home with five bedrooms, five bedrooms and tree full baths and two half baths.

Visit me at www.mycastlemyhouse.com for all of your real estate needs. Serving Morris and Sussex Counties