River Vale New Jersey Real Estate | September 2011' Single Family Homes Sold Report
River Vale New Jersey saw Five homes closing in the popular town as the Summer real estate market ends and children return to school. The list to sale price differential hovered around the 95% mark. This indicates that homes are both being priced well and selling within 5% of their asking price and that the popularity of this town is still going strong. The average Sold price was $747,000 (up slightly from last month) for the upscale town of River Vale NJ.
River Vale NJ is amongst the 8 Pascack Valley towns of Bergen County New Jersey and it's lush park-like character has prompted it to be known as the "Garden Spot" of the Pascack Valley. This small tight knit community is constantly changing to keep up with the times while maintaining that very desirable small town feel.
The price differential for September is still around 5% as in the previous month. The average days on the market was 49 for the month of September indicating that the Pascack Valley area market continues to hold it's own in this volatile market.
With interest rates the lowest they have ever been hovering at 4%, we think Buyers can take advantage of some really wonderful opportunities to own their piece of
Small Town America in this special town known for it's suburban green lawns a plenty!
Residents can take advantage of the many amenities offered by this Pascack Valley town such as the successful River Vale Farmer's Market which continues every Thursday from 12 to 6 right on up until October 27th.
River Vale NJ Real Estate | September 2011' Single Family Homes Sold Report
Total Homes Sold..........................5
Average List Price...............$783,180
Average Sold Price............ $747,000
Median Sold Price..............$706,000
Sale/List Price....................... 95,380 ( 4-5% differential)
Average Days On Market .......................... 49
There are currently 51 Actively Listed homes in the town of River Vale with an average List Price of $704,592. When comparing the average sold price of $709,285 to this month's average list price, we must assume that the market is in a VERY slight downward trend. But one must keep in mind that the Average Sold price is for smaller modest homes in the lower price ranges on up to the larger homes in the million dollar plus price range. There are ultimately some fantastic opportunities in this popular town for every budget.
Interested in last month's report? Click here to see that River Vale NJ Market Report.
Click here to view ALL River Vale Local Listings
Click on the links below to view some scenes of the picturesque Pascack Valley towns of Bergen County New Jersey.
River Vale New Jersey Real Estate | September 2011' Single Family Homes Sold Report
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