Area market Report For Vernon Twp; NJ February 2008

AREA MARKET REPORT FOR VERNON TWP., NJ FEBRUARY 2008

INFORMATION PROVIDED BY GARDEN STATE MULTIPLE LISTING SERVICE AND COMPILED BY; GARY J ROCKS, SUSSEX COUNTY REAL ESTATE.

During the month of February 2008 there were 68 newly marketed properties with an average asking price of $303,209.00. the lowest list price is $89,900.00 a 1 bedroom condo. The highest listed price is $899,000.00 for a 10 room ranch on over 8 acres of property.

Twenty-one properties went under contract with an average asking price of $240,847.00 and these properties were on the market for an average of 130 days. Vernon Townshipis without a doubt an excellent area for first time buyers, but, from the information listed here it also has something for the move up buyer as well.

Fourteen properties Transfered Title with an average asking price of $232,278.00 and an actual SOLD price average of $227,778.00. These properties were on the market for an average of 82 days! These numbers represent an average List to Sold Ratio of 98.06%. Just goes to show you, pricing and placement with the right Realtor is crucial in any market, that's why you really need to call me when selling your property.

Nine properties were removed from the market with an average asking price of $336,288.00 and were on the market for an average of 161 days.

Twenty-four properties went with my competition and expired from the market with an average asking price of $342,266.00 and they were on the market for an average of 200 days.

Vernon Township, NJ is a great area to live in and I just love it! Home to the Vernon Valley Great Gorge Ski Resorts is one of the main attractions that brings in revenues from all over, in the summer time its Action Park. Besides the amusement area's there are loads of activities for the family from school sponsored sports and P.A.L.. A Country Atmosphere for everyone who lives here with nature at your beckon call, you might have seen the Bear population on the evening news. Excellent for the outdoor sportsman, hunting & fishing and don't forget the skiing.

Thinking of Buying or Selling, I am your man just call today before prices start to climb up again and take advantage of the excellent finance packages that are available.