AREA MARKET REPORT FOR MONTAGUE TWP., NJ FEBRUARY 2008

AREA MARKET REPORT FOR MONTAGUE TWP., NJ FEBRUARY 2008

THE LAST FRONTIER

INFORMATION SUPPLIED BY THE GARDEN STATE MULTIPLE LISTING SERVICE AND COMPILED BY;

GARY J ROCKS, SUSSEX COUNTY REAL ESTATE

During the month of February 2008 there were 11 newly marketed properties in Montague Twp., NJ the average list price is $247,100.00. The lowest priced property is asking $124,900.00 for a 2 bedroom end unit town home and the highest priced property is asking $445,000.00 for a 9 room ranch on about 6.5 acres of property.

Six properties went under contract with an average asking price of $212,266.00 and these properties had been on the market for an average of 99 days.

Three properties transfered title with an average asking price of $208,233.00 and an actual SOLD price average of $116,111.00 these properties had been on the market for an average of 158 days.

One property withdrew from the market with an asking price of $269,900.00 this property had been on the market for 49 days.

Eight properties had expired from the market with an average asking price of $312,097.00 and had been on the market for an average of 253 days.

Montague Twp., NJ is located in the most Northern section of New Jersey and boarders both NY state and Pennsylvania. It is THE LAST FRONTIER, IN NEW JERSEY. Lots of open space and places to build or find your first home and as the numbers show you can find affordable housing but hurry there are many builders coming to the area and starting to develop the area. Port Jervis NY is very close by and you can pick up the train to NYC this makes the area very interesting for the young executives with families.

Are You Thinking of Moving to the Country? Call me today! Are You Thinking the area is Getting To Crowed? With homes going up every couple of acres or so? Call me today, I'll get your property sold Quick and In a Hurry!!