The homes located on Lake Hopatcong listed under 500,000 often sell under the average of 120 days. Homes over 600,000 are sitting on the market much longer. This is true in many areas, the allure of the lake doesn't allieviate the finacial concerns of a higher priced home. The rates are really good right now, but they are higher for a jumbo loan.Higher priced homes require more consumer confidence. They come with higher taxes and bigger heating and cooling bills. The lake will always hold value for those who want the lifestyle that it provides. I live on a cove that leads into the lake, and I treasure the memories I make there every year.