How's the Market in Paramus NJ? Real Estate Market Activity for November 2011
This report pertains exclusively to the Paramus NJ single-family homes market.
In total for the month, there were 13 homes SOLD with an Average List Price of $651,585 and an Average Sold Price of $587,154.
The average sold price as a percentage of the original list price being 90%. This compares the dollar amount of the eventual sale to the amount at which the homes were originally listed & offered for sale.
The average Days On Market was 80 days. This counts the # of days from the original listing date until a home is designated under contract. "Days On Market" can be a misleading statistic in which one might assume all homes considered were actually "on the market" (priced correctly) to begin with. We know that, many times, this is simply not the case.
Correct pricing is a very key ingredient in effective real estate marketing leading to a sale with the best possible results. If all properties were originally priced on the market & marketed correctly, the sold price-to-list price ratios would always be far closer to 100%.
Obviously, this is usually not the case. This underscores the necessity for sellers to do a little homework prior to hiring an agent or broker to list & market what is most likely their largest asset.
I invite you to take a look at...
How to Sell Your Paramus NJ Home & Get The Best Results
I'm sure you'll find the videos both interesting & informative!
Presently, there are 79 Current Actives (homes listed for sale).
Click to see current Paramus NJ Homes for Sale
| Listing Status | Total | Total List/Sale Dollars | Price |
Price |
Price |
List Price* |
|
| Sold | 13 | $ 7,633,000 | $ 651,585 | $ 587,154 | $ 525,000 | 90.112 | 80 |
| Co-Broker | 10 | $ 6,370,000 | $ 719,570 | $ 637,000 | $ 592,500 | 88.525 | 91 |
| List/Sold | 3 | $ 1,263,000 | $ 424,967 | $ 421,000 | $ 395,000 | 99.067 | 46 |
| New | 20 | $ 11,658,900 | $ 582,945 | ||||
| Under Contract | 16 | $ 9,302,700 | $ 581,419 | 42 | |||
| Withdrawn | 12 | $ 8,511,900 | $ 709,325 | 65 | |||
| Expired | 8 | $ 5,157,588 | $ 644,699 | 216 | |||
| Back on Market | 2 | $ 1,568,000 | $ 784,000 | 138 | |||
| Extended | 5 | $ 4,116,900 | $ 823,380 | 173 | |||
| Current Active | 79 | $ 55,352,199 | $ 700,661 |
Information deemed reliable but not guaranteed. 2011 New Jersey MLS, Inc.
I'm Brian Morgenweck, REALTOR®
& Broker/Owner of POWER Realty Group.
I designed the Jersey Home Scene system
to get you the best results when selling your
home. Connect with me at (201)489-3020
or email Brian@TheJerseyScene.com
I hope you've found this information useful.
Again, I invite you to take a look at...
How to Sell Your Paramus NJ Home & Get The Best Results
Information leads to knowledge... Knowledge with action creates POWER!
How's the Market in Paramus NJ? Real Estate Market Activity for November 2011
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