Median sold prices for single family homes and for condos/co-ops/townhouses have turned up in the last one to two months. But the median price of multi-family homes is trending slightly downward. That difference may be partially a result of the home buyer tax credits, which apply only to primary residences and not investment properties. 

Now that the Super Bowl is history, we're officially in the spring market. Many new listings have been coming on and buyers have been showing up to see them. And they're not just window shopping. The number of homes under contract in Bergen County is up 24% so far in February over last year.
- Michael Shetler

Residential Median Prices in Bergen County

Condo Townhouse Median Prices in Bergen County

Multi Family Median Prices in Bergen County

 

The bigger the home, the harder it fell.
02/04/2010
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The decrease in average sales price from 2008 to 2009 in northwest Bergen County was 11%. But a closer look at how it breaks down is very telling. Homes with two or three bedrooms were down only 7% while homes with six or seven bedrooms were down 31… more
Bergen County Inventory at Five-Year Low
01/21/2010
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The number of homes on the market in Bergen County is surprisingly low. With 3, 078 active homes, inventory hasn't been this low in January since 2005. In addition, the number of homes currently under contract in mid-January is at a three-year low… more
Steady As She Goes
01/08/2010
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The Ridgewood area real estate market has been holding its own over the last year. As you can see from the charts below, the median price hasn't changed much, except for the usual price bump during the spring market. And the year ended with an… more
Sales Activity Way Up
12/11/2009
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The improvement over last fall in the number of home sales is dramatic. In Bergen County, homes under contract over the last 30 days is up 50% over the same period last year. The median sales price is down 9. 2%. In northwest Bergen County, where… more
Northwest Bergen Prices Bounce Halfway Back
11/07/2009
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Last year at this time, Wall Street was in crisis. September saw the failure of Lehman Brothers and the takeover of several large banks. As a result, October home prices were down 21% from a year earlier in northwest Bergen County. But since then… more
How many homes are on the market in Bergen County?
10/22/2009
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A comment I frequently hear is there are lots of homes for sale in the area. Local homeowners sensitive to market conditions tend to think there are more "For Sale" signs in the neighborhood than there used to be. In reality, the inventory of homes… more
Real Estate Prices Stabilize, Activity Increases
10/01/2009
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I've been reporting recently that the bottom half of the market has been active but the top hadn't yet seen a recovery. The latest data suggests the entire market is doing better. Activity has increased across the board from last September, and… more
An Encouraging Summer
08/13/2009
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n local real estate, activity is up. And in Ridgewood anyway, so are prices. While the median price of single family homes across Bergen County is down 14% compared with last summer, Ridgewood prices have actually inched slightly higher… more
Northwest Bergen Market Almost Too Good To Be True
07/18/2009
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The market for homes under $700, 000 has been incredibly strong recently. I've seen many bidding wars in the last month, some driving the sale price over the list price. Activity has been surprisingly strong. As of today, there are 88 homes under… more
 
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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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