Denville, New Jersey (WiredPRNews.com) As the economy continues to recover, home sales prices in Denville New Jersey have been seeing an upswing. Based on new real estate sales data, Denville New Jersey is seeing an upwards trend in its real estate market as compared 2009. 2010 looks promising with some key market indicators showing signs of improvement in the first quarter.
Depending on the figures that have been obtained for the three months of December 2009 to February 2010, the median sale prices that had been sold during the period was $371,250. This figure was obtained from the sale of nearly 46 homes that were sold. If these figures are compared with the same period, a year earlier, the median sale prices have shown an increase of $11,250 or 3.1%. The number of homes sold during the same period increased by 9.5% which shows a positive trend that is sure to pick later during the year. Moreover as per the reports Denville New Jersey now shows the average price per square foot as $254 which is 8.1% higher when compared with the same period a year ago.
Inventory figures that is the listings of the houses available for sale are gradually decreasing showing that the real market is catching up and is riding on the slump of the year 2009. From the listing price average that is obtained from the various real estate firms is $560,203 which is a decrease of $10,921 or 1.9% when compared to the earlier week. “Our team has recently moved to the Denville RE/MAX office positioning ourselves in the hub of Morris County. We’ve seen some tremendous opportunities in the Denville Real Estate market for both buyer and sellers. Our “Team Concept” of real estate marketing and sales has proven to be the vehicle which produces fast, effective and efficient results for our clients. This team approach has dramatically enhanced our success and our client’s satisfaction.” said Justin Kiliszek a Broker for RE/MAX and owner of KiliszekRealEstate.com.
Taking the same figures for comparison with two weeks earlier, there is a decline of $5,561 or 1%. Moreover, the inventory figures have lightened showing a positive trend though it seems mild for now. The market action index shows an upward trend lately, though the trend is still in the buyer’s market. This means that the already listed homes are sufficient to pull off sales for several months at the current prices. The buyers are getting ample choices and a good value for their money.
Owing to its strategic location, Denville New Jersey has always been a favored destination of many. Those that are planning to settle here can now find good properties at reasonable rates. With good connectivity to the major highways and abundance of activities, Denville is loved by its residents. With NYC just an hour’s drive away, investing in Denville New Jersey would surely be beneficial.
Kiliszek Real Estate
38 Righter Ave
Denville, NJ 07834