Ridgewood real estate market report & statistics 2010 vs. 2011
Presented by Jeana Cowie, your Ridgewood real estate agent
www.RidgewoodRealEstateAgent.com
Ridgewood NJ home sales & real estate update 2010 vs. 2011 All statistics provided by the New Jersey Multiple Listing Service (NJMLS)
Currently there are 145 active residential homes for sale in Ridgewood, NJ. The price range for a Ridgewood home for sale at this moment varies from the least expensive offered at $279,000 to the most expensive offered at $2,699,000.
Ridgewood has one of the nicest downtown shopping areas in Bergen County, NJ, with some of the best Bergen County Restaurants like Marcello's. Ridgewood offers one of the top school systems, and is a New York commuter's dream with a downtown train station with services to New York City.
Ridgewood was recently named #26 on Money's top places to live in the United States!
It is no surprise to see that while other areas are decreasing by double digits, Ridgewood has only experienced a -1% decrease in the mediam sales price of residential home sale prices in 2011 vs. 2010.
January - August 2010 Average Median Sold Price:$671,988
January - August 2011 Average Median Sold Price: $665,513
-1% Change
| Year 1: 2010 | Year 2: 2011 |
| Number of Sold Listings | Dollar Volume of Sold Listings | Median Sold Price | ||||||||||
| 2010 | 2011 | Diff | %Chg | 2010 | 2011 | Diff | %Chg | 2010 | 2011 | Diff | %Chg | |
| January | 12 | 24 | 12 | 100 | $8,486,600 | $20,390,150 | 11,903,550 | 140 | $655,000 | $590,000 | -65,000 | -10 |
| February | 13 | 16 | 3 | 23 | $10,592,400 | $12,926,050 | 2,333,650 | 22 | $584,400 | $765,000 | 180,600 | 31 |
| March | 20 | 7 | -13 | -65 | $13,762,500 | $5,524,500 | -8,238,000 | -60 | $567,500 | $534,500 | -33,000 | -6 |
| April | 15 | 15 | 0 | 0 | $11,321,000 | $15,282,999 | 3,961,999 | 35 | $595,000 | $795,000 | 200,000 | 34 |
| May | 15 | 20 | 5 | 33 | $11,461,270 | $14,496,200 | 3,034,930 | 26 | $650,000 | $656,100 | 6,100 | 1 |
| June | 48 | 29 | -19 | -40 | $36,875,334 | $22,206,500 | -14,668,834 | -40 | $652,500 | $688,500 | 36,000 | 6 |
| July | 26 | 31 | 5 | 19 | $23,989,899 | $26,055,900 | 2,066,001 | 9 | $921,500 | $685,000 | -236,500 | -26 |
| August | 33 | 41 | 8 | 24 | $27,392,400 | $28,963,500 | 1,571,100 | 6 | $750,000 | $610,000 | -140,000 | -19 |
| Total | 182 | 183 | 1 | 1 | $143,881,403 | $145,845,799 | 1,964,396 | 1 | n/a | n/a | n/a | n/a |
January - August 2010 Total Sold: 182
January - August 2011 Total Sold: 183
1% Change
January - August 2010 Average DOM: 54.3
January - August 2011 Average DOM: 60.5
11% Change
January - August 2010 Total $ Sold: $143,881,403
January - August 2011 Total $ Sold: $145,845,799
1% Change
January - August 2010 Average Median Sold Price:$671,988
January - August 2011 Average Median Sold Price: $665,513
-1% Change
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