Searching for a lakefront home last summer, Steven Fabian combed through listings in Connecticut, New York and New Jersey. Then he discovered Lake Mohawk, a three-mile-long man-made lake in Sparta, N.J., bordered by the quaint White Deer Plaza shopping district, with lively shops, restaurants and a brew pub.
“There’s so much to do — it wasn’t like you’re going from New York City to sitting around a campfire,” said Mr. Fabian, 37, a correspondent with the television show “Inside Edition,” who paid $725,000 for a 1935 lakefront home. Mr. Fabian and his girlfriend, Thea Gallagher, 36, a clinical psychologist and assistant professor at the University of Pennsylvania, and Ms. Gallagher’s 2-year-old daughter, Georgia, enjoy kayaking and fishing on the lake.
Garden State Multiple Listing Service found 65 homes for sale, from a two-bedroom cottage in need of renovation, listed for $99,000, to a three-bedroom house on Manitou Island with 200 feet of lake frontage, listed for $3.35 million.
Both sales volume and prices in Sparta have risen in the past year. In the 12 months ending on May 15, 521 single-family homes sold at a median price of $431,000, according to the multiple listing service; in the 12 months before that, 379 single-family homes sold at a median price of $345,000.
The rising demand has led to multiple offers and quick sales, especially in the lower price ranges, said Lynn Garafola, an agent with Keller Williams. “Under $400,000 is crazy-insane,” she said.
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