Teaneck NJ Real Estate Market Activity - December 2011
How's the market in Teaneck NJ? This report is exclusively for Teaneck single-family homes for the month of December.
Market reports aren't the most exciting reading, but they contain important information that serious buyers & sellers should know. Connect with me if you'd like to get into the #'s a bit deeper. I'll try & make it fun! The same offer stands if you'd like a list of the recently sold homes in your area or you'd like to know what your home should sell for in today's market.
There were 16 homes SOLD in December with an average list price of $416,019 and an average sold price of $341,750.
The average sold price as a percentage of original list being 82%.
The average days on market was 151 days. This is the # of days from the original listing date until a home is reported under contract.
25 new listings were posted during December. The total # of currently active Teaneck homes for sale is 207.
I've tracked a 19% drop in the active inventory level since mid-October. This could be somewhat due to a "seasonal" market, but it's certainly worth noting.
It also supports my opinion that listing a home for sale in the winter months is a plus for sellers due to less competition for serious buyers for their homes!
| Listing Status | Total | Total List/Sale Dollars | Price |
Price |
Price |
List Price* |
|
| Sold | 16 | $ 5,468,000 | $ 416,019 | $ 341,750 | $ 327,500 | 82.148 | 151 |
| Co-Broker | 12 | $ 3,898,000 | $ 372,708 | $ 324,833 | $ 327,500 | 87.155 | 108 |
| List/Sold | 4 | $ 1,570,000 | $ 545,950 | $ 392,500 | $ 330,000 | 71.893 | 279 |
| New | 25 | $ 10,201,110 | $ 408,044 | ||||
| Under Contract | 19 | $ 6,534,200 | $ 343,905 | 151 | |||
| Withdrawn | 13 | $ 4,581,399 | $ 352,415 | 148 | |||
| Expired | 20 | $ 9,231,900 | $ 461,595 | 268 | |||
| Back on Market | 3 | $ 1,864,000 | $ 621,333 | 177 | |||
| Extended | 26 | $ 11,529,730 | $ 443,451 | 285 | |||
| Current Active | 207 | $ 87,551,811 | $ 422,956 |
Information deemed reliable but not guaranteed. 1/12/2012 NJMLS, Inc.
Click the link to see all Teaneck NJ Homes For Sale.
If you're thinking about selling your Teaneck home and want the best results,
visit the Jersey Real Estate Scene home page, click the links in the box to the right titled,
“How our marketing plans benefit YOU!”
(You'll find a video library with many highly effective real estate marketing tools!)
& don't miss these videos...
What's Most Important to Today's Sellers *VIDEO*
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I'm Brian Morgenweck, Broker/Owner of
Power Realty Group. If you have any
questions, just call me at
(201)489-3020 or connect w/me at
Brian@TheJerseyScene.com.
Information leads to knowledge. Knowledge (with action) creates Power.
Teaneck NJ Real Estate Market Activity - December 2011
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