Market Upate for Andover Twp., NJ May 2009
By Gary J. Rocks
(Juba Team Realty)
During the month of May 2009 there were seven properties newly listed in Andover Twp., NJ with an average asking price of $366,800.00. Eight properties went under contract having passed the Attorney Review Process. The average asking price of these properties was $360,212.00 and they were on the market for an average of 69 days. Four properties transferred title with an average asking price of $233,675.00 and an average SOLD price of $235,112.00 this number climbed because many of the buyers had added features built into the asking price and used the FHA mortgage. these properties were on the market for an average of 33 days. It just goes to show when you have an agent actively marketing your properties and knows the market values your home is bound to sell. Interest rates are very favo...