The numbers are in for Long Hill Township real estate for 2007. They are not as bad as our mainstream media would like us to believe. I am going to put a positive spin on the numbers using data from 2004 through 2007. I think looking at "the big picture" will paint a more accurate view!
In 2004 the average sales price was $508,255
In 2005 the average sales price was $573,514
In 2006 the average sales price was $595,342
In 2007 the average sales price was $559,975
We have seen a 6.3% decline in average sales price from 2006 to 2007, but we have seen a 10% increase in average sales price from 2004 to 2007. Also, the height of the real estate market was 2005. Long Hill Township still did better on average sales price in 2006.
I think this is a prime example of why you should not listen to the negative spin that is put out by the media. You would get more accurate data from a local Realtor in your desired area.
Real estate is primarily a long term investment. These numbers, to me, indicate that purchasing real estate in Long Hill Township, although the media is trying to scare everyone into believing otherwise, is definitely a good investment!
If you would like more detailed statistics on real estate in Long Hill Township, please do not hesitate to contact me. You can also visit my web-site at www.longhilltownshiphomes.com.
Dianne Sommers - Realtor
RE/MAX Classic Group