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River Edge NJ Real Estate Market Activity - December 2011

By
Real Estate Broker/Owner with Power Realty Group, LLC Bergen County, NJ

River Edge NJ Real Estate Market Activity - December 2011

 

How's the market in River Edge NJ? This report is exclusively for River Edge single-family homes for the month of December.

Market reports aren't the most exciting reading, but they contain important information that serious buyers & sellers should know. Connect with me if you'd like to get into the #'s a bit deeper. I'll try & make it fun! The same offer stands if you'd like a list of the recently sold homes in your area or you'd like to know what your home should sell for in today's market.

 

There were 5 homes SOLD in December with an average list price of $430,360 and an average sold price of $383,200.

 

The average sold price as a percentage of original list being 89%.

 

The average days on market was 78 days. This is the # of days from the original listing date until a home is reported under contract.

 

5 new listings were posted during December. The total # of currently active River Edge homes for sale is 48.


I've tracked a 19% drop in the active inventory level since mid-October. This could be somewhat due to a "seasonal" market, but it's certainly worth noting. It also supports my opinion that listing a home for sale in the winter months is a plus for sellers due to less competition for serious buyers!

 

Listing Status        Total        Total List/Sale Dollars 
Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price*
Avg DOM
Sold 5  $ 1,916,000  $ 430,360  $ 383,200  $ 375,000   89.042 78
Co-Broker 4  $ 1,611,000  $ 455,700  $ 402,750  $ 397,500   88.381 92
List/Sold 1  $ 305,000  $ 329,000  $ 305,000  $ 305,000   92.705 22
New 5  $ 2,225,900  $ 445,180        
Under Contract 3  $ 1,197,900  $ 399,300       58
Withdrawn 3  $ 1,277,788  $ 425,929       129
Expired 10  $ 4,982,299  $ 498,230       216
Back on Market 1  $ 320,000  $ 320,000       512
Extended 6  $ 2,279,900  $ 379,983       376
Current Active 48  $ 22,958,024  $ 478,292        

Information deemed reliable but not guaranteed. 1/11/2012 NJMLS, Inc.

 

Click the link to see all River Edge NJ Homes For Sale.

 

If you're thinking about selling your River Edge home and want the best results,

 

visit the Jersey Real Estate Scene home page, click the links in the box to the right titled,

 

  “How our marketing plans benefit YOU!”

 

(You'll find a mini video library with very effective real estate marketing tools!)

& don't miss these videos...

  

What's Most Important to Today's Sellers *VIDEO*

  

Was Your Home Listed and It Expired Un-Sold? READ THIS!

 

Introducing "Pearls of Wisdom for Home Sellers" *VIDEO*

 


Brian Morgenweck REALTOR & Broker/Owner of Power Realty Group I'm Brian Morgenweck, Broker/Owner of

 

  Power Realty Group. If you have any

 

          questions, just call me at

 

  (201)489-3020 or connect w/me at

 

      Brian@TheJerseyScene.com.

 

 


 

       

Information leads to knowledge. Knowledge (with action) creates Power.



River Edge NJ Real Estate Market Activity - December 2011

 

   

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