Montague, NJ

AREA MARKET REPORT FOR MONTAGUE TWP., NJ FEBRUARY 2008

THE LAST FRONTIER

INFORMATION SUPPLIED BY THE GARDEN STATE MULTIPLE LISTING SERVICE AND COMPILED BY;

GARY J ROCKS, WERNER REALTY OF SUSSEX COUNTY

During the month of February 2008 there were 11 newly marketed properties in Montague Twp., NJ the average list price is $247,100.00. The lowest priced property is asking $124,900.00 for a 2 bedroom end unit town home and the highest priced property is asking $445,000.00 for a 9 room ranch on about 6.5 acres of property.

Six properties went under contract with an average asking price of $212,266.00 and these properties had been on the market for an average of 99 days.

Three properties transfered title with an average asking price of $208,233.00 and an actual SOLD price average of $116,111.00 these properties had been on the market for an average of 158 days.

One property withdrew from the market with an asking price of $269,900.00 this property had been on the market for 49 days.

Eight properties had expired from the market with an average asking price of $312,097.00 and had been on the market for an average of 253 days.

Montague Twp., NJ is located in the most Northern section of New Jersey and boarders both NY state and Pennsylvania. It is THE LAST FRONTIER, IN NEW JERSEY. Lots of open space and places to build or find your first home and as the numbers show you can find affordable housing but hurry there are many builders coming to the area and starting to develop the area. Port Jervis NY is very close by and you can pick up the train to NYC this makes the area very interesting for the young executives with families.

Are You Thinking of Moving to the Country? Call me today! Are You Thinking the area is Getting To Crowed? With homes going up every couple of acres or so? Call me today, I'll get your property sold Quick and In a Hurry!!

MONTAGUE TOWNSHIP NJ AREA MARKET REPORT JANUARY 2008

During the month of January 2008 there were 24 newly marketed properties with an average asking price of $298,445.00. The lowest price property marketed is asking $75,000.00 for a three room one bedroom one bath condo. The highest priced property is asking $474,900.00 for a seven room three bedroom two bath 2 car garage Colonial.

Three properties were reported as Under Contract with an average asking price of $256,566.00 and had been on the market for an average of 244 days.

One property closed title a 6 room fixer upper with an asking price of $99,000.00 and an actual SOLD price of $85,000.00 the property was on the market for 168 days.

Four Properties were reported as withdrawn with an average asking price of $207,175.00 and had been on the market for 225 days.

Eleven properties had Expired with an average asking price of $649,900.00 with an average of 251 days on the market.

Montague Township is the place to be if you are looking for you first home with land and low prices, one of the last frontiers in NJ, located close to the boarders of NY State and Pennsylvania. Trains are available to NYC via trains in Port Jervis NY which is only minutes away. A great place to raise a family and excellent for mans best friend and other animals.