Market Update For Hopatcong, NJ September 2008

During the month of September 2008 there were Thirty nine newly marketed properties with an average asking price of$281,092.00. Of these properties one property went into Attorney Review it had an asking price of $225,000.00 and offered10 rooms, four bedrooms, with two full baths situated on a .207 acre parcel.

Eight properties went under contract with an average asking price of $327,287.00 and had been on the market for an average of 83 days.

Fifteen properties transferred title with an average asking price of $275,555.00 and an average sold price of $265,460.00 and were on the market for an average of 90 days.These properties on average received on average 96.34% of their asking price!

Twenty two properties expired from the market with an average asking price of $346,637.00 and were on the market for an average of 214 days.

Lake Hopatcong NJ is the largest motor boat lake in NJ,within its boundaries are many things to do such as restaurants galore where you can either drive your car to or pull up your boat too. It is centrally located to major transportation and highways with the Rockaway Mall. Plenty of all year round activity for the entire family to enjoy. Picatinny Arsenal is nearby and NYC is under 1 hour drive!

If you are considering making a move into the Country and enjoy water sports you should seriously consider Lake Hopatcong, NJ.