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River Vale monthly data shows a significant decline in volume over the past year. However, the volume has stayed above the lows. The case can be made that with a little bit of time, the market will put in a reverse head and shoulders bottom. A break out this spring could confirm the trend change.

 

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8 Comments on River Vale Real Estate market report for 10/31/2009

NOV
09
2009
781,899 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Richard I hope your prediction for the River Vale market come true my friend!
6:52am • #1
1,178,775 Points 133 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I like how your 12 month average line stays fairly steady!
7:08pm • #2
DEC
15
2009

I am in Raleigh, NC and I spoke with a builder from NY earlier that i work for here and he said that it was common for real estate there to cycle every 4 to 5 years. He stated it was a regular roller coaster regardless of the national economy. We are more like every 9 to 10 years... What is you market like in a normal economy?
Jason
10:54am • #3
160,384 Points Outside Blog Hit Router

Bill: As prices have declined we are getting back into the sweat spot for buyers. There are certain ranges that are lacking in the new market.

Renee: I hope that is what is called flat saucer bottom.

Jason: Two 5 year cycles sit in a 10 year and a ten year in a 20 year cycle, and three 20 years in a 60 year. Well, something like that. It is up to where each one sits inside the other that causes the dominents.

Richard

 
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Richard Stabile Bergen County New Homes Builder Realtor

Woodcliff Lake, NJ

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