West Essex at a Glance~ Real Estate Market Report and Absorption Ratio for the Communities of West Essex (Caldwell, Cedar Grove, Essex Fells, Fairfield, North Caldwell, Roseland, Verona & West Caldwell), February 2010

West Essex at a Glance

Real Estate Market Report and Absorption Ratio

for the Communities of West Essex for February 2010

The Communities of West Essex Real Estate Market and Absorption Report is broken down by active properties and under contract properties for each individual Community of West Essex for the month February 2010.   I have broken down below the absorption ratio for each individual Community of West Essex for the month of February, 2010.  Absorption means the total number of homes "absorbed" into the current supply in the current month, or the number of homes that went under contract in the current month.

The numbers in lavender reflect the total number of active properties (unsold homes) in each Community of West Essex in the month of February 2010.  The darker shade of purple numbers reflect the total number of homes that went under contract in the month of February, 2010, leaving the remainder of the inventory unsold. 

CALDWELL, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 29                                             
• Under Contract Properties:  7  
• Absorption Ratio:  24% 
• If you are selling your home in Caldwell, NJ you need to price your house that will get you in the 24% of the successful Caldwell New Jersey home sales, NOT leave you in the unsuccessful 76% of unsold homes).

CEDAR GROVE, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 59                                             
• Under Contract Properties:  5  
• Absorption Ratio:  10% 
• If you are selling your home in Cedar Grove, NJ you need to price your house that will get you in the 10% of the successful Cedar Grove New Jersey home sales, NOT leave you in the unsuccessful 90% of unsold homes).

ESSEX FELLS, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 18                                             
• Under Contract Properties:  1  
• Absorption Ratio:  1% 
• If you are selling your home in Essex Fells, NJ you need to price your house that will get you in the 1% of the successful Essex Fells New Jersey home sales, NOT leave you in the unsuccessful 99% of unsold homes).

FAIRFIELD, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 54                                            
• Under Contract Properties:  5 
• Absorption Ratio:  10% 
• If you are selling your home in Fairfield, NJ you need to price your house that will get you in the 10% of the successful Fairfield New Jersey home sales, NOT leave you in the unsuccessful 90% of unsold homes).

NORTH CALDWELL, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 35                                            
• Under Contract Properties:  6 
• Absorption Ratio:  17% 
• If you are selling your home in North Caldwell, NJ you need to price your house that will get you in the 17% of the successful North Caldwell New Jersey home sales, NOT leave you in the unsuccessful 83% of unsold homes).

ROSELAND, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 35                                            
• Under Contract Properties:  6 
• Absorption Ratio:  17% 
• If you are selling your home in Roseland, NJ you need to price your house that will get you in the 17% of the successful Roseland New Jersey home sales, NOT leave you in the unsuccessful 83% of unsold homes).

VERONA, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 75                                            
• Under Contract Properties:  12 
• Absorption Ratio:  16% 
• If you are selling your home in Roseland, NJ you need to price your house that will get you in the 16% of the successful Verona New Jersey home sales, NOT leave you in the unsuccessful 84% of unsold homes).

WEST CALDWELL, NEW JERSEY Single Family Real Estate Market Report and Absorption Ratio for February, 2010:   

• Active Properties: 28                                            
• Under Contract Properties:  4
• Absorption Ratio:  14% 
• If you are selling your home in Roseland, NJ you need to price your house that will get you in the 14% of the successful West Caldwell New Jersey home sales, NOT leave you in the unsuccessful 86% of unsold homes).

If you are thinking about selling your West Essex home located in the West Essex Communities of Caldwell, Cedar Grove, Essex Fells, Fairfield, North Caldwell, Roseland, Verona and/or West Caldwell, contact me to discuss how to get your home in the percent of successful sold New Jersey homes, leaving the the unsold inventory behind. 

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