AREA MARKET REPORT FOR FRANKLIN BORO., NJ FEBRUARY 2008

AREA MARKET REPORT FOR FRANKLIN BORO., NJ FEBRUARY 2008

INFORMATION TAKEN FROM THE GARDEN STATE MLS AND COMPILED BY; GARY J ROCKS, SUSSEX COUNTY REAL ESTATE.

During the month of February 2008 there were 11 newly marketed properties with an average asking price of $243,918.00. A great area for all types of buyers and attracts many first time buyers as well.

Two properties went under contract with an average asking price of$254,950.00 these properties were on the market for 141 days on average.

Two properties transfer title with an average asking price of $237,450.00 and an actual closed price of $227,750.00 these properties were on the market for an average of 162 days. The average list to sold ratio equals 95.9%

Four properties failed to sell they had an average asking price of $347,075.00 and were on the market for an average of 200 days.

Franklin Boro, NJ is a great area to raise a family lots of parks and school activities, plenty of stores in the area great for the teenager or stay at home mom looking for a few extra bucks.

Thinking of selling your property give me a call, my office is located in Franklin on route 23 across from the Commerce Bank and Rutherford ave is in our back yard. Looking to move here I have some of the best inventory around and know how to get first timers into homes with little or no money down if you qualify.