Current Home Sales Statistics for Oradell

By
Real Estate Agent with Berkshire Hathaway HomeServices Abbott Realtors

The National Association of Realtors has stated that sales of previously owned homes rose 7.6 percent to a seasonally adjusted annual rate of 5.77 million. That was the best showing in five months and better than the 5.63 million units economists had expected.

The federal government provided a big boost to home sales this spring by offering first-time buyers a tax credit of up to $8,000. Homeowners looking to upgrade could qualify for a credit of up to $6,500. The deadline for getting a signed sales contract was April 30.

Now all that said, in the town of Oradell, New Jersey....home sales are progressing but are still alittle slow at the upper end of the spectrum. I ran the data detail below for the town based on availables, under contract and actual solds --- for the past 6 MONTHS. I researched and compiled the data from the NJMLS database. Total active inventory --- is 58 --- and actual solds are --- 25.

 

Status   # Average Minimum Maximum Avg DOM
Active : 58 $687,957 $329,000 $1,499,000 160  
Under Contract : 14 $610,607 $388,000 $755,000 79  
Sold : 25 $554,972 $375,000 $982,000 103  
Total Listings : 97   Sold properties closed averaging (95.95%) of their final list price (FLP). This reflects a (4.05%) difference between property sale prices and their *FLP's.
 
  Amount
Average Price Sold Comps:

$554,972

Data Indicated List Price**: $577,448

--- Your agent is part of your team. You must take time to research and pick a qualified full time real estate agent. Once you are comfortable with them as a member of your team --- you must let them do their job. They are state licensed professionals in the real estate business. They are there to give you advise and counsel based on their training and experience. Afterall, that is why you hired them, right?

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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

www.96MERRITTDRIVE.COM

 

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