While giving each of my sellers a market update --- for sales in their particular town --- I researched the overall statistics for several popular towns in Northern Bergen County. I researched the NJMLS data base for actives, under contract and SOLD for the past 6 months.
As we have read recently, 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.
We can see from the numbers in Waldwick, NJ, that inventory is still maintaining. Recently many properties have come under contract (12) and over (35) have actual SOLD in the last six months. So inventory is moving! That said, pricing is key and in the town of Waldick the average SOLD price of a home is $ 401,391. This is much higher that the national average sales price for homes BUT it is low for Bergen County.
Waldwick looks like it offers GREAT value for the money --- particularly given it's fantastic location in Bergen County. For example, see one of my listings in Waldwick www.ANTHONYPLACE.com .
PLEASE REMEMBER --- The most common reason for a home not selling is that the asking price has been set too high. You must price your home according to RECENT sales data. (3 months ) Then, if you have NOT had a offer within 30 days from the listing start --- you need to make a price adjustment. The fact is, your home is competing against those other homes, and what buyers are willing to pay is what will determine final sales prices.
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?
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