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Week ending Nov 18
Week ending Nov 18
w-o-w
Franklin Lakes Real Estate Overview
Today, November 23, 2009
Market View for Franklin Lakes
Avg. Listing Price
$1,737,231
Wk ending Nov 18
+$18,348
+1.1%
w-o-w
+1.1%
w-o-w
Median Sales Price
$826,000
Aug '09 - Oct '09
-$109,000
-11.7%
y-o-y
-11.7%
y-o-y
Franklin Lakes Summary
Average price per square foot for Franklin Lakes NJ was $249, a decrease of 17.3% compared to the same period last year. The median sales price for homes in Franklin Lakes NJ for Aug 09 to Oct 09 was $826,000 based on 11 home sales. Compared to the same period one year ago, the median home sales price decreased 11.7%, or $109,000, and the number of home sales decreased 52.2%.
There are currently 134 resale and new homes in Franklin Lakes on Trulia, including 1 open house, as well as 20 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Franklin Lakes NJ was $1,737,231 for the week ending Nov 18, which represents an increase of 1.1%, or $18,348, compared to the prior week.
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