Real Estate Market Snapshot /// Allendale, New Jersey

By
Real Estate Agent with Berkshire Hathaway HomeServices Abbott Realtors

 

It is that time of year again --- back-to-school and back to reviewing the sales and market data in order to sharpen the pencil for better pricing. The summer market was slow particularly in August but...still ... about 26 homes sold in Allendale in the last 3 months. This data is gleened from the NJMLS sales stats.

Hopefully, the sales trend in this town will continue to show strength this fall --- if homes are priced well. Homes in the upper end are still showing some signs of a struggle.

www.HistoricAllendale.com

Status   # Average Minimum Maximum Avg DOM
Active : 31 $983,488 $534,900 $1,780,000 107  
Under Contract : 8 $734,753 $279,900 $1,099,000 94  
Sold : 26 $812,091 $405,000 $1,375,000 66  
Total Listings : 65   Sold properties closed averaging (96.95%) of their final list price (FLP). This reflects a (3.05%) difference between property sale prices and their *FLP's.
 
  Amount
Average Price Sold Comps:

$812,091

Data Indicated List Price**: $836,860

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

 

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