This Sparta NJ Real Estate Market Report is based on data recorded in GSMLS as of October 4, 2009. Statistics covering Lake Mohawks home for sale (below) are from the same source. While I don't publish monthly data on all Sussex County NJ homes for sale, I certainly can work it up for you as appropriate!
GSMLS market data for Sparta NJ real estate shows that only 11 homes were sold in September 2009. These had an average sale price of $455,773; the median price was $350,000. For 2009, 11 sales in a month are the second lowest; there were just 8 closings in Sparta in February. Given there are 26 Sparta homes for sale under contract, I'm optimistic that we'll have many more closings during October.
For the 45 new listings of homes for sale in Sparta in September, the average asking price is $524,912. The average list price for homes that went under contract in September is $660,098 - a significant jump aided by 2 very expensive Lake Mohawk properties!
A subset of my Sparta NJ real estate report, Lake Mohawk market data shows just 3 sales, recorded at $337,500, $365,000 and $615,000. During September, we had 9 Lake Mohawk homes for sale go under contract, ranging from just $239,900 up to $3,950,000. (Sure wish I represented the buyer of that big one!) As of the end of September there were still 66 active Lake Mohawk homes for sale.
Start looking at homes for sale in Sparta NJ listed between $350K - $500K.
Copyright © 2009, Irene Kennedy, all rights reserved. This blog post from RealtorIrene.com represents Irene's personal musings.
Considering selling a home or looking to buy real estate in Sussex County NJ? Benefit from creative marketing, top negotiating skills and vast real estate knowledge by contacting Irene via the data to the right.
Interesting information and statistics in your blog about Sparta, New Jersey. You did a great job of compiling the facts.
Betty
Why, thank you very much, Betty! Sparta is the most popular town in Sussex County so many folks like the market data.
Hi Irene... playing Susan's comment tag game.. lol Seriously, you have commented on many of mine in the past and I just never got the chance to pay it along. I should have done this prior.,.. but I will say this, from the information that you provided, it looks like total inventory has been consistent since April 2009, but that the last 2 1/2 months or so, things have picked up a tad. Do you know why? Might have a clue to the slight increase? thanks
LOVE the graphs and the average asking price in Sparta is NOT shabby at all!
Jeff - Welcome to my playpen! Having looked at the data, foreclosures have been moving like hotcakes in Sparta NJ. Too, sales in Lake Mohawk are always more robust in summer.
Renee - Sparta is one of the most expensive communities in Sussex County NJ, which is rural. Sparta has great schools and a shorter commute to employment centers, so it is very popular.