Running SALES Numbers for RAMSEY, New Jersey

By
Real Estate Agent with Berkshire Hathaway HomeServices Abbott Realtors

 

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.

Ramsey, for example, has over 81 active listings currently on the market for sale. This is based on single family residences only. And, over the last 6 months --- over 35 homes have either come under contract (25) or actual SOLDS (35).  These homes have sold within 4.58% of their asking price.

The current average home price in the town of Ramsey is $ 551,877.

 

Status   # Average Minimum Maximum Avg DOM
Active : 81 $670,674 $259,000 $2,100,000 84  
Under Contract : 25 $601,131 $299,999 $969,000 55  
Sold : 35 $551,877 $385,000 $985,000 72  
Total Listings : 141   Sold properties closed averaging (95.42%) of their final list price (FLP). This reflects a (4.58%) difference between property sale prices and their *FLP's.
 
  Amount
Average Price Sold Comps:

$551,877

Data Indicated List Price**: $577,153
 

Real Estate is LOCAL --- Home sales in a local area, or market, are slow.  There may be too many homes for sale and not enough active buyers.  You may have to be patient and wait out the current market trend in your area. If you have done many of the above --- you will sell.

In addition, I have added a link to my other blog --- HOW NOT TO SELL YOUR HOME --- an edited version is below.

http://activerain.com/blogsview/748930/how-not-to-sell-your-home-top-ten-list

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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

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