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In northwest Bergen, which includes Glen Rock, Ridgewood, Upper Saddle River, Franklin Lakes and nine other areas, the median price was up in December compared with December of 2009. The median was $597,000, up from $555,000. The number of houses sold was up 3%.

In Bergen County overall, however, the median price was down 5.5%, while sales volume was down 1%. And Ridgewood, which experienced rising prices in the spring market, ended down 4.9% from a year earlier.  (source: NJMLS. Data deemed reliable but not guaranteed.)

- Michael Shetler

 

10 Vital Statistics for Real Estate
Michael Shetler (Keller Williams Village Square Realty)
Every home buyer has his/her own approach to pricing a home. Some are more informed, some less. Some are more logical and others more emotional. As an agent, it's not my decision what offer price goes on the contract but it is my job to inform and…
NJ Real Estate Market Outperforms US
Michael Shetler (Keller Williams Village Square Realty)
In response to the housing data released this week, the New Jersey Association of Realtors® (NJAR®) issued this statement: According to the National Association of Realtors® second quarter 2010 State Resale report, New Jersey existing…
Real Estate Wrinkle - Median Prices Rise
Michael Shetler (Keller Williams Village Square Realty)
Here's a bizarre statistic for the first half of July: median sold prices in Bergen County have risen 16. 2% over the same period last year. In northwest Bergen, they're up 6. 4%. Wait a minute, how can that be? The economy is still slow, unemployment…
Real Estate Outlook - View From The Top
Michael Shetler (Keller Williams Village Square Realty)
Last week I attended a lecture by Dr. Lawrence Yun, Chief Economist for the National Association of Realtors. He showed over 40 charts and graphs describing the mechanics of the recent real estate market and what's to come. He demonstrated why he…
Ridgewood 2010: The Year In Pictures
Michael Shetler (Keller Williams Village Square Realty)
The Rotary Club of Ridgewood has organized a photo contest for and about the Village. Here are the details from the poster: A stunning photo doesn’t care who took it. No matter how much experience you have or how sophisticated your camera, you…
Northwest Bergen Sales Activity Up 47%
Michael Shetler (Keller Williams Village Square Realty)
The number of sold homes in northwest Bergen County is up 47% over the same period last year. By early this year, the economy had demonstrated marked improvement with significant stock market gains, indications of bottoming unemployment and…
Market Report March 2010 - Northern New Jersey
Michael Shetler (Keller Williams Village Square Realty)
The New Jersey MLS has just started publishing a comprehensive real estate report for Bergen and nearby counties. At 37 pages it's quite an exhaustive overview. But even more impressive than it's length is how strong the market is right now…
Market Report March 2010 - Northern New Jersey
Michael Shetler (Keller Williams Village Square Realty)
The New Jersey MLS has just started publishing a comprehensive real estate report for Bergen and nearby counties. At 37 pages it's quite an exhaustive overview. But even more impressive than it's length is how strong the market is right now…
Tomorrow's Home Prices? Look At Today's Inventory.
Michael Shetler (Keller Williams Village Square Realty)
Economists say that if the inventory of homes on the market is under 8 months, prices will remain stable. A look at the number of active homes around Bergen County shows that inventory in several exclusive areas is under 8 months, despite a county…
 
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Michael Shetler

Glen Rock, NJ

More about me…

Keller Williams Village Square Realty

Address: 257 E Ridgewood Ave, Ridgewood, NJ, 07450

Office Phone: (201) 445-4300

Cell Phone: (201) 421-0506

Email Me

Observations and analytics on the real estate market in Bergen County, northern New Jersey. Special focus on Ridgewood and northwest Bergen. All facts and figures based on NJMLS. Info deemed reliable but not guaranteed.


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