Montague Township NJ Area Market Report JANUARY 2008

MONTAGUE TOWNSHIP NJ AREA MARKET REPORT JANUARY 2008

During the month of January 2008 there were 24 newly marketed properties with an average asking price of $298,445.00. The lowest price property marketed is asking $75,000.00 for a three room one bedroom one bath condo. The highest priced property is asking $474,900.00 for a seven room three bedroom two bath 2 car garage Colonial.

Three properties were reported as Under Contract with an average asking price of $256,566.00 and had been on the market for an average of 244 days.

One property closed title a 6 room fixer upper with an asking price of $99,000.00 and an actual SOLD price of $85,000.00 the property was on the market for 168 days.

Four Properties were reported as withdrawn with an average asking price of $207,175.00 and had been on the market for 225 days.

Eleven properties had Expired with an average asking price of $649,900.00 with an average of 251 days on the market.

Montague Township is the place to be if you are looking for you first home with land and low prices, one of the last frontiers in NJ, located close to the boarders of NY State and Pennsylvania. Trains are available to NYC via trains in Port Jervis NY which is only minutes away. A great place to raise a family and excellent for mans best friend and other animals.