Mahwah HOUSING Report - Inventory down 17%, Prices UP

By
Real Estate Agent with Berkshire Hathaway HomeServices Abbott Realtors

I  have put together the numbers for Bergen County and frankly, we are  better off than most areas of the country as far as real estate sales are concerned. And, for the township of Mahwah, we have faired pretty well --- inventory is DOWN --- 17% compared to first quarter of last year.

Less inventory means that home prices have actually gone UP. Yes, UP. Prices of single famiy homes that SOLD averaged $721,940 last year. And, first Q this year equalled $823,987. Up 14% for the same time period last year.

I have attached a graphic that outlines the details --- so --- you can see that Real Estate is local. And, for Mahwah inventory is down and prices are UP!

 

 

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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 2010 , www.PamelaStetson.com

Comments (1)

Pamela STETSON
Berkshire Hathaway HomeServices Abbott Realtors - Mahwah, NJ
I would love to help you buy or sell your home!

These are actual numbers from the NJMLS. And, some may think that because they don't match other areas of the country...that they are unreal. But, they are based on fact.

May 28, 2010 05:09 AM