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2008
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Come explore this posh Glen Rock retreat. A complete renovation has turned this residence into a three bedroom, three bathroom palace. The front hall leads to a columned living room with fireplace and tray ceiling. Wainscoting and another tray ceiling adorn the dining room. The kitchen is finishe...
10/30/2008
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This week we take a look at how deeply the real estate market has been affected by the economic downturn. Back in early September, before the AIG rescue and the bank mergers, the real estate market was healthy. The number of homes under contract in northwest Bergen was running slightly ahead of l...
10/30/2008
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The inventory level of homes on the market in Bergen has been creeping up over the last few months. In Ridgewood/Glen Rock there's a 7.3 month supply, in northwest Bergen it stands at 8.5 months and in Bergen as a whole it's 9.8 months. A balanced market is considered 4-6 months. While somewhat h...
10/21/2008
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While there certainly has been a slowing of the real estate market over the last couple of weeks, it certainly has not dried up. The number of homes going into attorney review from October 1-9 in northwest Bergen is down 23% from last year. In the Pascack Valley, the decrease in activity was only...
10/13/2008
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The question of the hour, besides whether or not the economy will collapse, is how local real estate prices are going to be affected. Until now, Bergen County has weathered the changing economy quite well. The decline in home prices has been much smaller than in most other areas of the country. B...
10/13/2008
Rainer
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Michael Shetler
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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.