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RIVER EDGE NJ REAL ESTATE REVIEW - 2011 IN A NUTSHELL

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

River Edge NJ Real Estate Review - 2011 In A Nutshell

This review consists of all the stats for the year in the single-family category.


SOLD                                                                                  82

AVERAGE PRICE (of homes sold)                                      $437,155  

      % CHANGE vs 2010                                                     -9.4%

LISTED                                                                               171

UNDER CONTRACT                                                               101

BACK ON MARKET                                                                 29

WITHDRAWN                                                                        56

EXPIRED                                                                              66

CURRENTLY ACTIVE                                                              46

ABSORPTION RATE                                                            6.83

MONTHS of ACTIVE INVENTORY                                             7

LIQUIDITY                                                                         54%

(click above links for explanations)


             Click for RIVER EDGE NJ HOMES FOR SALE

 

Listing Status        Total        Total List/Sale Dollars 
Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price*
Avg DOM
Sold 82  $ 35,846,710  $ 480,020  $ 437,155  $ 412,500   91.070 89
Co-Broker 68  $ 30,374,500  $ 487,816  $ 446,684  $ 422,500   91.568 87
List/Sold 14  $ 5,472,210  $ 442,150  $ 390,872  $ 334,155   88.403 100
New 171  $ 86,496,441  $ 505,827        
Under Contract 101  $ 45,691,203  $ 452,388       105
Withdrawn 56  $ 28,253,838  $ 504,533       133
Expired 66  $ 33,748,764  $ 511,345       238
Back on Market 29  $ 12,165,288  $ 419,493       187
Extended 35  $ 13,442,300  $ 384,066       251
Current Active 46  $ 21,769,024  $ 473,240        

                               Information deemed reliable but not guaranteed. 2012 New Jersey MLS, Inc.

 

If you or someone you know is thinking about selling a home in River Edge NJ, don't miss the tech-savvy JERSEY HOME SCENE maximum exposure marketing system. Enjoy the intro to the

"Pearls of Wisdom for Home Sellers" video.

 

 

Call today to receive the entire FREE presentation!

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

I'm here to help you reach your real estate goals.

Call today! (201) 489-3020


See how River Edge compares to county-wide stats!

click Bergen County NJ Real Estate - 2011 Single Family Review



River Edge NJ Real Estate Review - 2011 In A Nutshell

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