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Gary J Rocks

ANDOVER TOWNSHIP NEW JERSEY AREA MARKET REPORT JANUARY 2008

02-05-08
Gary J Rocks

ANDOVER TOWNSHIP NEW JERSEY AREA MARKET REPORT JANUARY 2008

During the month of January 2008 there were 20 newly marketed properties with an average asking price of $461,835.00. The lowest priced property was a 6 room one bedroom condo with an asking price of $180,000.00 while the highest priced property is a Colonial style home built in 2007 with 11 rooms and 5 bedrooms with 4.1 baths and the asking price is $774,000.00.

Five properties went under contract with an average asking price of $452,100.00 and these properties average marketing time is 160 days.

Nine properties had been withdrawn from the market with an average asking price of $543,700.00 and they had been on the market for an average of 236 days.

Four properties had expired from the market with an average asking price of $483,062.00 and had been on the market for an average of 173 days.

There were no reported closed transactions for the month.