Homes for Sale > Real Estate Market > New Jersey Real Estate Market > Roxbury Real Estate Market

Winter 2012 Market Update
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.

Average Home Price $375,000 - View Graph Trend
Average Price Compared to Last Year Up 10-15%
Average Time on Market 90-120 days
Prices As % of Asking Price 95-100%
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Multiple Offers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Good economic news
Housing Hot SpotsThe 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.
Average Sold Price $375,000 - View Graph Trend
Roxbury Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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