Sparta, NJ

AREA MARKET REPORT FOR SPARTA, NJ JANUARY 2008

During the month of January 2008 Sparta Twp., NJ reported there were 46 newly marketed properties. Of these properties 3 of the 46 went under contract within that month. The average asking price of these properties are $677,769.00. The lowest asking price is $150,000.00 for a ranch style home with 4 rooms 1 bedroom and 1 bath. The most expensive property reported for the month is a Custom Home on over 29 acres with 12 rooms 5 bedrooms and 5.1 baths the asking price is$1,999,000.00 this property has been on the market before.

Twelve properties were reported as Under Contract with an average asking price of $419,640.00 the average time on the market is just 69 days!! Please read my profile..

Four properties were reported as Closed Title with an average asking price of $437,200.00 and were on the market for just 81 days on average, again please refer to my profile.

Ten properties were reported as withdrawn with an average asking price of $680,700.00, these properties were not listed by me and were on the market for an average of 148 days.

Twenty - Four properties were reported as Expired with an average asking price of $650,458.00 and had been on the market for an average of 211 days.

Sparta Twp., NJ is central located in Northern NJ and is in close proximity to Routes 15 & 80n and is less than 30 minutes to buses, trains & Picatinny Arsenal. The township offers good schools, parks and recreation and has lots of wooded area's filled with wildlife. A great area to raise a family. There are many medical facilities in the area so this is a great place for Doctors to owns a home and have their practice in the same town.

If you are thinking of selling your property please give me a call, I deliver results. If you are thinking of buying a home in the area please give me a call, I can arrange for you to see everything within your budget and help you find the right home for you and your family.

LAKE MOHAWK SPARTA TOWNSHIP AREA MARKET REPORT JANUARY 2008

During the month of January 2008 there were 26 newly market properties in Lake Mohawk Sparta with an average asking price of $734,958.00.

The lowest priced property is asking $279,000.00 it is a 5 room ranch with 2 bedrooms and 1 bath. The highest priced property is asking
$1,950,000.00 a Custom Home located on the Island it offers 9 rooms 4 bedrooms 3.2 baths and a 2 car garage.

As you can see Lake Mohawk Sparta offers a wide variety of homes from the first time buyer to the move up buyer and everywhere in between. Great area for first time buyers, and move up buyers!

There were eight properties reported as Under Contract with an average asking price of $439,574.00. These properties were on the market for an average of 115 days.

Two properties were listed as SOLD with an average asking price of $617,450.00 and actual SOLD price of $532,500.00. This represents an average List Vs. Sold Price of 86.24%.

Four properties were reported as withdrawn with an average asking price of $661,075.00 and these properties were on the market for an average of 119 days.

Seven properties were reported as Expired with an average asking price of $603,214.00 and had been on the market for an average of 203 days.

Lake Mohawk Sparta is a motor boat lake and the home of Damon Jenkins World Renown Water Skier! A great area for the kids and whole family to fish, boat & swim! the area is in close proximity to Picatinny Arsenal, Schools, Shopping and houses of worship.

There is always something to do in Sparta from the water shows, ball games, and summer bands that play in the park on Friday nights! A safe area to live, there is a new senior citizen community with sidewalks that lead you to all the activities in town.

If you are considering selling your property give me a call, many times I get calls for people looking to live in a lake community and more times I have people looking for Lake Fronts!

If you wish to maqke a purchase in this area give me a call first I'll show you the finest homes money can buy and find you the best deal for your money.

LAKE MOHAWK BYRAM TOWNSHIP AREA MARKET REPORT JANUARY 2008

During the month of January 2008 there were two newly marketed properties in Lake Mohawk Byram Township. One property was listed for $327,500.00 a Contemporary Style Home with 10 rooms 4 bedrooms and 2 full bath. The second property is asking $349,900.00 a Lake-style Ranch with 7 rooms 4 bedrooms 2 full baths and 1 car garage. The average asking price is $338,700.00.

There was one property that closed title with an asking price of $750,000.00 and actual Sold price of $675,000.00.

One property was withdrawn from the market with an asking price of $450,000.00 a 9 room 4 bedroom 2.1 bath home built in 1970.

One property Expired with an asking price of $349,900.00 a 7 room 4 bedroom 2 bath with one garage Log Cabin. This property had been on the market for 187 days.

Lake Mohawk Byram Township is situated on the South side of the Lake and enjoys all the same activities as Lake Mohawk Sparta the exception is that there is a different school system and the Taxes for Lake Mohawk Byram are much lower.

Ifyou are considering making a move to the area and want to be in the lake area and would like to pay Lower Taxes, give me a call. I'll show you the best deals out there! If you are considering selling your property call me, I always have people looking for great deals and I'll get you the highest possible price the market will bear.

So what are you waiting for? pack up the kids and head on out to the Country! Get away from the City yet be close to it, Trains and buses are nearby!

© 2007, "Antoinette" Scognamiglio, Prudential New Jersey Properties (Denville Office) All Rights Reserved.

"Antoinette" Scognamiglio specializes in the northern New Jersey markets of Northern Bergen County, Morris and Sussex Counties, in addition to several townships in Passaic County. Certified by Prudential New Jersey Properties as a relocation specialist, I take exceptional care in assisting my clients in finding their new home and community. Please visit my website to learn more about my philosophy in conducting real estate business, and also to access the resources I offer to the public at large. My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands. Contact me directly on my cell at 201-240-8699 or my Denville office at 973-625-1250, ext. 105.