Phillipsburg NJ 08865 Updates on Homes for Sale, August 2011 - Warren County Market Reports

Phillipsburg NJ 08865 Updates on Homes for Sale, August 2011 - Warren County Market Reports

This Phillipsburg NJ 08865 Market Report on homes for sale is based on GSMLS data I've compiled as of August 14, 2011. Once again, the market absorption rate has gone up a bit; today we have a 20 month inventory of homes for sale. As you'll see from the average SOLD prices, buyers are still going for the lower end of the market although several of the Under Contracts are priced well over $200K. During July, the highest recorded sale price was $236,000.

Regardless of the type of home, the smart sellers are reducing the asking prices to entice buyers to make an offer. For example,

3 bedroom Colonial home for sale: 70 Glen Ave., Phillipsburg NJ 08865 is down to only $140,000! And it is updated, has central air conditioning and private parking;

4 - 5 bedrooms Colonial homes for sale: 439 Barrymore Street, Hillcrest section, Phillipsburg NJ 08865, a larger home with more land and a garage now has a list price of just $245,000 $237,000 - a real bargain for the coveted Hillcrest area!

All my market trend reports are indexed at Market Data on Homes for Sale in Warren County NJ. Better yet, call my cell at 973-493-8216 so we can tailor data exactly for your particular real estate needs.

Copyright © 2011, Irene Kennedy, all rights reserved. This blog post represents Irene's personal musings.

Considering selling a home or looking to buy a house in Northwestern NJ? I serve the Route 78 corridor of Warren County & Hunterdon County. Benefit from creative marketing, top negotiating skills and vast real estate knowledge by calling or texting Irene’s cell at 973-493-8216.

Irene Kennedy, who is a NJ real estate agent with Weichert, Realtors, lives in Warren County NJ & works from the Phillipsburg office. She also services adjacent areas of Hunterdon and Sussex.