Valuation Solutions: Tax Appeal

Market Statistics for Phillipsburg New Jersey

For the period October 1, 2008 through September 30, 2009, the GS MLS reported total sales of (104) single family dwellings in Phillipsburg , Warren County,  NJ the average selling price was $131,786 average DOM was 129 days and SP/LP was 94%

For the period October 1, 2007 through September 30, 2008 the GS MLS reported total sales of (120) single family dwellings in Phillipsburg.  The average selling price was $166,724, average DOM was 107 days and SP/LP was 95%

Based upon these statistics, it appears that there has been a price decline of approximately 27% in the average sales price.  Obviously, the data presented above are impacted by the product mix.

Please note that the dates listed above are intended to be similar to the dates used for assessment purposes.

We at Valuation Solutions consider these data when working on tax appeal appraisals or other appraisals. Phillibsburg has undergone revaluation recently for 2010.