I’m Brian Morgenweck & welcome to the Bergen County Condos Real Estate Review for January to June 2011.
The Condo Review consists of Bergen County’s condos, co-ops, & townhomes and this is the statistical report for the first half of 2011.
Overall, we had 693 listings sold during this period with an average sold price of $369,275.
The average sold price-to-listing price ratio is 90.2%.
We had 2,174 new listings come to the market in the first half of 2011.
The total # of actively listed Bergen County condos, co-ops, and townhomes is currently 1,937 (6/30/11).
The available units for sale have an average list price of $395,512.
Overall Listing Status
| Listing Status | Total | Total List/Sale Dollars | Average List Price |
Average Sold Price |
Median Sold Price |
Sale Price/ List Price* |
Avg DOM |
| Sold | 693 | $ 255,907,532 | $ 409,411 | $ 369,275 | $ 310,000 | 90.197 | 127 |
| Co-Broker | 523 | $ 191,706,806 | $ 403,875 | $ 366,552 | $ 306,107 | 90.759 | 121 |
| List/Sold | 170 | $ 64,200,726 | $ 426,442 | $ 377,651 | $ 327,550 | 88.559 | 145 |
| New | 2174 | $ 941,719,640 | $ 433,174 | ||||
| Under Contract | 867 | $ 348,977,014 | $ 402,511 | 127 | |||
| Withdrawn | 693 | $ 284,703,658 | $ 410,828 | 163 | |||
| Expired | 890 | $ 359,560,098 | $ 404,000 | 248 | |||
| Back on Market | 188 | $ 68,693,764 | $ 365,392 | 172 | |||
| Extended | 685 | $ 288,348,912 | $ 420,947 | 242 |
Terms of Sale
| Terms of Sale | Total | % Total | Total List Dollars |
Average List Dollars |
Average Sold Dollars |
Sale Price/ List Price |
| CONV/FIXED | 238 | 34 | $ 97,542,541 | $ 409,843 | $ 375,375 | 91.59 |
| CONV/ARM | 128 | 18 | $ 54,498,753 | $ 425,772 | $ 373,700 | 87.77 |
| VA | 1 | 0 | $ 429,000 | $ 429,000 | $ 380,000 | 88.58 |
| FHA | 30 | 4 | $ 9,275,300 | $ 309,177 | $ 286,691 | 92.73 |
| CASH | 293 | 42 | $ 121,050,275 | $ 413,141 | $ 371,845 | 90.00 |
| OWNER/HOLD | ||||||
| BALLOON | ||||||
| EXCHANGE | ||||||
| ASSUME | ||||||
| OTHER | 3 | 0 | $ 925,799 | $ 308,600 | $ 267,833 | 86.79 |
Days on Market
| Terms of Sale | Number of Sales | Average DOM | Average DTC |
| CONV/FIXED | 238 | 115.77 | 61.73 |
| CONV/ARM | 128 | 151.78 | 61.34 |
| VA | 1 | 28.00 | 72.00 |
| FHA | 30 | 117.23 | 68.03 |
| CASH | 293 | 127.11 | 47.46 |
| OWNER/HOLD | |||
| BALLOON | |||
| EXCHANGE | |||
| ASSUME | |||
| OTHER | 3 | 192.33 | 44.33 |
| Total | 693 | 127.48 | 55.84 |
The following statistical charts include SOLD data only:
| The average price for the 693 (total listings) properties is $369,275 |
| The highest price is $1,625,000 |
| The Lowest price is $40,000 |
| The average market time is 127 |
| — Information herein deemed reliable but not guaranteed. 7/11/2011 3:55:51 PM — |
| — Copyright: 2011 by New Jersey MLS, Inc. — |
Keep in mind, this information is for all of Bergen County. If you’d like a similar breakdown for your specific town, area, complex, or building, please don’t hesitate to email me at Brian@TheJerseyScene.com.
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I’m Brian Morgenweck and thanks for visiting the Bergen County Condos Real Estate Review: January to June 2011.
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