AREA MARKET REPORTS FOR ROCKAWAY TOWNSHIP, NJ JANUARY 2008

AREA MARKET REPORT FOR ROCKAWAY TOWNSHIP, NJ JANUARY 2008

During the month of January 2008 there were 55 newly marketed properties with an average asking price of $393,665.00. The lowest asking price is $197,500.00 for a one bedroom condo. The highest asking price is $1,150,000.00 for a Colonial with 5 bedrooms.

Twelve properties went under contract with an average asking price of $340,001.00 and these properties had been on the market for an average of 123 days.

Nine properties transfer title with an average asking price of $546,788.00 and an average actual SOLD Price of $479,166.00 and these properties averaged being on the market for an average of 98 days.

Thirteen properties had been withdrawn from the market with an average asking price of $435,915.00 and these properties had been on the market for an average of 131 days.

Sixteen properties had expired from the market with an average asking price of $439,062.00 and they were on the market for an average of 181 days.

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