South Harrison Township, NJ

Marketwatch: Fox Haven Farms, Mullica Hill (South Harrison Twp.) (edit/delete)

Fox Haven Farms

Mullica Hill, NJ 08062

South Harrison Township

Market Watch: as of November 17th, 2008

-Three homes are currently for sale in Fox Haven Farms.

-The last home to sell in Fox Haven Farms was 41 Fox Haven Lane which was on August 26th, 2008.

What is property marketing period? Courtesy of the Trend Multiple Listing Service the term property marketing period is defined as: "Property Marketing Period, or PMP, is the sum of Days on Market for multiple listings of one property that has fewer than 30 days between the end of one listing and the start of another. It is the total amount of time the property has been on market, even if the property was listed multiple times."

Fox Haven Farms

Mullica Hill, NJ 08062

South Harrison Township

Market Watch: as of August 27th, 2008

-Two homes are currently for sale, one home under contract and one home's listing contract exprired since the last marketwatch report.

*The home listed at 203 Deer Run Court has a count of 318 days on market. However, this listing has a property marketing period of 959 days.

^The that was listed at 10 Fox Haven Lane was on the market for 93 days before the listing contract expired. However, this listing had a property marketing period of 278.

What is property marketing period? Courtesy of the Trend Multiple Listing Service the term property marketing period is defined as: "Property Marketing Period, or PMP, is the sum of Days on Market for multiple listings of one property that has fewer than 30 days between the end of one listing and the start of another. It is the total amount of time the property has been on market, even if the property was listed multiple times."

Welcome to my report about South Harrison's housing market. The research covers the last 6 months of the housing market in South Harrison Township, covering housing activity up to June 9, 2008. The Trend Multiple Listing Service provided the statistical information. After completing some calculations this is what I found:

• 40 Residential units have entered the housing market in South Harrison the past 6 months which are currently for sale;
• 5 Residential units are currently under contract;
• The average days on market for homes currently under contract in South Harrison is 52 days;
• 9 Residential units have sold in South Harrison the last 6 months - This is a rate of 1.5 homes per month;
• The average sales price of homes that have sold in South Harrison the last 6 months was $480,611;
• The average days on market for homes that sold in South Harrison the last 6 months was 107 days;
• ON AVERAGE, SELLERS HAVE ACCEPTED 10.7% LESS THAN THEIR ORIGINAL ASKING PRICE.

In summary, this report shows that sellers in South Harrison are willing to come down on their asking price to get their home sold. Homes for sale that have not found a willing and able buyer are staying on the market for an average of over 3 months. Meanwhile, homes that have sold in South Harrison in the same time period have sold on average in less than 2 months, which is excellent for this current housing market. The rate of homes sold is low, so if you are currently selling a home or thinking of selling a home in South Harrison, a seller needs to have the home competitively priced, some flexibility to come down on asking price, and patience.

Fox Haven Farms

Mullica Hill, NJ 08062

South Harrison Township

Market Watch: as of May 29th, 2008

-Four homes are currently for sale, while there are no homes under contract.

^The home located at 10 Fox Haven Lane was previously listed in 2007. Feel free to contact me for how much the sellers were asking and the number of days the home was on the market.

*The home located at 307 Fox Run Court was previously listed in 2007 - early 2008. Feel free to contact me for how much the sellers were asking and the number of days the home was on the market.