Throughout the week, I check the sales stats for Bergen County area towns, particularly, in the towns that I have listings but also throughout the market. I do this to make sure that my numbers are on point for my sellers and to help my buyers know --- what is going on in the area.
Below are the current stats for Oradell, New Jersey. This pretty town is conveniently located near all major roads and it offers fabulous neighborhoods and terrific elementary and a great High School - River Dell. The sales are for the last 6 months and are from the NJMLS.
| Status |
|
# |
Average |
Minimum |
Maximum |
Avg DOM |
|
| Active |
: |
43 |
$747,086 |
$450,000 |
$1,465,000 |
106 |
|
| Under Contract |
: |
12 |
$615,408 |
$429,000 |
$929,000 |
76 |
|
| Sold |
: |
32 |
$595,023 |
$312,000 |
$1,410,000 |
96 |
|
| Total Listings |
: |
87 |
|
Sold properties closed averaging (94.73%) of their final list price (FLP). This reflects a (5.27%) difference between property sale prices and their *FLP's. |
|
I have a fabulous listing in ORADELL. Take a peek at www.MerrittDrive.com .
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Know the sales value of your home and your neighborhood * based on actual market comps. Allow me to present a Comparative Market Analysis to you that is customized to your home, finances and your specific needs. This will give you detailed information about pricing and selling your home in the current market.
For more information about buying or selling your largest financial asset, contact me at CupaT@aol.com.
Copyright - Pamela Stetson 2008, www.PamelaStetson.com
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From the numbers you posted it looks like some of the listed properties are still to high. I have had clients that just seem to be behind the curve at price reductions... if they would have priced lower to start with they would have sold their homes for more! Hind sight is 20.20!