Real Estate Market Snapshot - CONDOS/TOWNHOMES - Mahwah, Summer'08

Here is a brief slice of the condo and townhome market as it stands today on the NJMLS. There are over 75 active listings and the data below reflects the transactions for the past three months ending today. Over 25 condo/townhomes have come under contract and over 64 have sold. For more details regarding the complex or neighborhood, please don't hestitate to ask. I have more details and I am happy to help.

Selling prices have held steady at 3.84 % of the full asking price.

Status

Average

Minimum

Maximum

Avg DOM

Active

$512,397

$348,000

$949,999

Under Contract

$424,076

$242,900

$659,000

Sold

$399,435

$252,250

$700,000

Total Listings

150

Sold properties closed averaging (96.16%) of their final list price (FLP). This reflects a (3.84%) difference between property sale prices and their *FLP's.

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Copyright - Pamela Stetson 2008, http://www.pamelastetson.com/

Abbott & Caserta Realtors, 10 Sycamore Avenue, HOHOKUS, NJ 07423 201.447.6600 x 007

All information is deemed reliable but not guaranteed.