Oakland New Jersey Real Estate Market Report August 2008

Oakland, New Jersey is a great place to live. Oakland has well rated schools and a lively town center. In November of 2007 Business Week rated in the top 50 places to raise kids (for less). Oakland has a long, interesting history. Oakland is part of Ramapo Indian Hills Regional High School District.

As of today August 16, 2008

There are currently 99 active listings in Oakland, New Jersey.

There are 20 properties under contract.

From 2/16/2008 to 8/16/2008 there were 51 properties sold.

Simply put we are looking at approximately 6 months worth of inventory.

Deeper into the Sold numbers...

February 16, 2008 - August 16, 2008 51 Sold properties

Listing Status	Total		Average List Price	Average Sold Price	Median Sold Price	Sale Price/ List Price*
Sold	51		$ 600,623	$ 558,733	$ 505,000	93.026

A Year earlier

February 16, 2007 - August 16, 2007 92 Sold properties

Listing Status	Total		Average List Price	Average Sold Price	Median Sold Price	Sale Price/ List Price*
Sold	92		$ 577,721	$ 544,802	$ 470,000	94.302

Even though the number of sold homes is down year over year, the average list, sold and median prices have all increased.

Oakland New Jersey Real Estate Market Update

Presented by Sal & Dawn Poliandro

Statistics taken from New Jersey Multiple Listing Service

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For more information on this or any other topic, call Sal Poliandro, Realtor, Marketing Advisor, Short Sale Specialist

ePRO, SRES at 201-259-2187, or visit our website: www.SalAndDawn.com

Sal can be reached by snail mail at RE/MAX Properties 73 East Allendale Road Saddle River, NJ 07458