Current Home Sales Statistics for MAHWAH, New Jersey

By
Real Estate Agent with Berkshire Hathaway HomeServices Abbott Realtors

 Real Estate is MOVING in Mahwah, New Jersey!

www.29SurreyLane.com

As we know from the recent release from the National Association of Realtors --- area real estate sales for Bergen County and the surrounding towns are UP! This may be contrary to some area of the country but once we draw down into the real data on a town by town basis --- we can see where the numbers are.

Mahwah, for example, has ove 95 active listings currently on the market for sale. This is based on single family residences only. And, over the last 6 months --- over 53 homes have either come under contract (16) or actual SOLDS (37).  These homes have sold within 9.17% of their asking price.

The average price of a single family home in Mahwah is way above the national average, too, at over $1,000,000. ( There was one property that recently sold in the Highlands section of Mahwah near Deerhaven and across the Ramapo River for $19,000,000. This property is zoned as a working horse farm and is protected by the state)

All in all, with proper pricing --- homes in Mahwah are selling!

www.29SurreyLane.com

www.GreatHallRoad.com

 

Status   # Average Minimum Maximum Avg DOM
Active : 97 $1,001,861 $320,000 $2,699,000 120  
Under Contract : 16 $787,351 $249,900 $1,949,000 103  
Sold : 37 $1,228,959 $310,000 $19,000,000 117  
Total Listings : 150   Sold properties closed averaging (90.83%) of their final list price (FLP). This reflects a (9.17%) difference between property sale prices and their *FLP's.
 
  Amount
Average Price Sold Comps:

$1,228,959

Data Indicated List Price**: $1,341,655
 

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?

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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 (3)

Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

Great info. Thanks. I work referrals. If you are interested let me know.

Jun 11, 2010 05:42 AM
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Very detailed report, I do appreciate you sharing your market area report with us.

Jun 11, 2010 05:47 AM
Pamela STETSON
Berkshire Hathaway HomeServices Abbott Realtors - Mahwah, NJ
I would love to help you buy or sell your home!

Thank you Anthony and Ed for reading and your comments.

Jun 11, 2010 09:35 AM