Given the great Sussex County NJ ski season, I'm fielding countless questions from potential buyers of Great Gorge Village condos. Some of these homes for sale are Short Sales or Foreclosures. This neighborhood is nestled at Mountain Creek ski resort - a plus - and located within the same complex as Minerals Resort & Spa, I have a Short Sale listed. No wonder so many folks are considering vacation homes for sale in Sussex County!
Back in April 2009, I posted some Great Gorge Village market data that received many, many views. As my current potential buyers deserve an update, I figured I'd one again share with all! Whether you're working with me or even another real estate agent, I believe you should have up-to-date information upon which to base your decisions.
My data and analysis are based on information from the Garden State MLS system.
As of January 10, 2010:
All Great Gorge Village NJ condo units, regardless of size (studios, 1 bedroom and larger)
- Active homes for sale - 59 units with an average list price of $214,040.
- Under Contract - 5 units with average list price of $185,340.
- Sold/Closed within last 12 months - 33 units. Average list was $140,989 but average sold price $131,977. Means sale price was about 93% of asking price (at time of sale, not original list prices). Same List-Sale ratio as April 2009. Quite a few of these sales were distressed - short sales or foreclosures in Great Gorge Village.
2 beds, 2+ baths - Great Gorge Village Interior & end units, 4 & 5 rooms
- Actives - 36 units with average list price of $177,115.
- Under Contract - 5 units with average list of $185,340
- Sold/Closed within last 12 months - 15 units. Average list $170,786, average sold price $162,503. (94%)
End units only - all shapes & sizes in Great Gorge Village
- Active listings - 17 units, average asking $221,952.
- Under Contract - 2 units, average list $184,450.
- Sold/Closed within last 12 months - 13 end units. List averaged $155,873; sold $144,742. (93%)
2010 Sold/Closed in Great Gorge Village
None reported as of 1/10/2010.
CONDOs for Sale Vernon NJ, includes Great Gorge Village
I'd be delighted to help you with your Sussex County NJ real estate needs, so please do not hesitate to contact me!
Copyright © 2010, Irene Kennedy, all rights reserved. This blog post represents Irene's personal musings.
Considering selling a vacation home or looking to buy a Sussex County NJ getaway property? Lots of ski condos and other options are available to you. Benefit from creative marketing, top negotiating skills and vast real estate knowledge by contacting Irene via the data to the right.
Irene Kennedy, who is a NJ real estate agent with Weichert, Realtors, lives in Sussex County & works from the Hamburg office. Her primary market includes: Augusta, Branchville, Crystal Springs, Frankford, Franklin, Hamburg, Hampton, Hardyston, Highland Lakes, Lake Mohawk, Newton, Ogdensburg, Scenic Lakes, Sparta, Stockholm, Sussex, Vernon, Wantage.
Irene, Well that's a great little update for all the buyers out there. They should call you when they start looking to keep on top of the market! The good ones sell fast!!!
Jane - On my way to RainCamp, heard a news blurb that there was a fire in a Vernon NJ condo community. Maybe this news caused sparks!