Roxbury Real Estate Market Conditions & Reports, Roxbury Market Trends, New Jersey

Market Commentary Provided by Gary J. Ribe
Roxbury Township is set in an area of New Jersey that makes it central to all things recreational and business. The metropolitan city of New York is a short drive away and can also be accessed via public transit. Morris County is home to a number of Fortune 500 companies, making its economy and labor force strong and stable. And at the end of the day or work week, residents can take advantage of the area’s many public parks thanks to the township’s excellent Parks and Recreation department. Come see for yourself why Roxbury Township in the great Garden State of New Jersey is such a terrific place to live, raise your family, and work.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Gary J. Ribe
Weichert Realtors
Succasunna, New Jersey
973-219-4367
griberealtor@yahoo.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$375,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 10-15%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Roxbury is

Seller Activity for the past 90 days in Roxbury is

Is Financing Available For Qualified Buyers in Roxbury?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

The Township of Roxbury in Morris County is 26 square miles with a population of over 24,000 residents. Made up of six different areas including Landing, Port Morris, Berkshire Valley, Kenvil, Ledgewood and Succasunna, the city is rich in history and was incorporated in 1740. Roxbury Township is mainly a residential community that has access to many big city amenities, schools, shopping destinations and points of historical interests, making it the perfect place for professionals, families, and retirees. Housing here is abundant and diverse, offering many charming Colonial-styled homes in suburban neighborhoods in addition to homes set within or near a golf course and/or tennis communities.

Reason to Buy/Sell

Good economic news

Average Sold Price

$375,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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