Oakland Residential Home Sales Data - July '08

Oakland is HOT this summer! I hope it continues. Although the dog days of summer are upon us...it seems that real estate has picked up in the last 2-3 months --- as far as actual under contract and closed sales. PRICING seems to be a key factor in this town where opportunities abound.

Listed below is the data gleened from the NJMLS for the last two months. ( May 21 - July 21, 2008). The number of homes that have gone under contract or that have sold has gone up compared with two months prior. Of interest to note --- there is only 3.72 % difference between actual asking price and the closed sale price of homes.

Status

Average

Minimum

Maximum

Avg DOM

Active

108

$601,577

$159,900

$1,999,000

107

Under Contract

$457,419

$215,900

$774,900

102

Sold

$534,016

$235,000

$1,285,000

114

Total Listings

150

Sold properties closed averaging (96.28%) of their final list price (FLP). This reflects a (3.72%) difference between property sale prices and their *FLP's. * Final Listing Price.

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Posted Monday Jul 21