AREA MARKET REPORT FOR KINNELON BORO NEW JERSEY AUGUST 2007

AREA MARKET REPORT FOR KINNELON BORO NEW JERSEY AUGUST 2007 INCLUDES AVERAGES FOR HOMES FOR SALE IN KINNELON BORO NEW JERSEY

Data Compiled by; Gary J Rocks, Sussex County Real Estate

During the month of August 2007 there were 14 newly marketed properties listed with an average asking price of $838,750.00. the lowest newly listed asking price is $309,900.00 a Town-House with 5 rooms and 2 bedrooms with 2.5 baths. The highest priced property is asking $2,900,000.00 a Custom Colonial Built this year with 14 rooms 6 bedrooms 5.5 baths and a 3 car garage all on a 3,97 acre parcel of property.

Four properties were reported as under contract with an average asking price of $692,175.00 and were on the marklet for an average of 86 days.

Seventeen properties closed title with an average asking price of $741,675.00 and an average SOLD price of $699,583.00 this represents an average List to Sale Ratio of 94.32% which is average for the market.

Only 8 properties were reported as expired with an average asking price of $977,150.00 and they were on the market for 199 days on average.

If you have a home that is valued between 699,000.00-745,000.00and would like to sell I would love to here from you. Keep in mind that most of the Sussex County Residents who are looking to sell their expensive homes are looking to get closer to work and not give up on the solitude that they enjoy and Kinnelon Boro. offers a similar solitude and would make a great fit. So call me! You'll Be Glad You Did!