Here are the statistics from the New Jersey MLS system for Allendale single family residence for period 1/1/2012 - 3/1/2012.
|
Listing Status |
Total |
Total List/ |
Average |
Average |
Sale Price/ |
Avg DOM |
|
Sold |
5 |
$ 3,038,750 |
$ 717,180 |
$ 607,750 |
84.742 |
126 |
|
New |
17 |
$ 14,778,300 |
$ 869,312 |
|
|
|
|
Under Contract |
6 |
$ 3,181,600 |
$ 530,267 |
|
|
100 |
|
Withdrawn |
6 |
$ 4,216,900 |
$ 702,817 |
|
|
94 |
|
Expired |
2 |
$ 1,913,000 |
$ 956,500 |
|
|
185 |
|
Current Active |
34 |
$ 27,480,200 |
$ 808,241 |
|
|
|
The National Association of Realtors just released its January 2012 Realtor® Confidence Index Report. Comments and replies indicated that the residential housing markets appear to be on an upswing.
· REALTOR® confidence in the outlook for the housing markets over the next 6 months has increased significantly.
· Higher prices expected in the next year by 67 percent of Realtors®
· A number of respondents commented on the upswing in buyer activity, multiple bids in a number of transactions, lower inventories of available homes, and substantially increased buyer activity in lower priced properties.
Realtors® continued to report, however, that a number of problems continue to present major challenges.
· Problems with the appraisal process were prominent among the complaints, with concerns over the selection of comps, lack of appraiser qualifications in many cases, and length of time to complete an appraisal.
· Problems confronting potential buyers in obtaining a mortgage included unrealistically tight underwriting processes, a lack of customer service and responsiveness by banks, excessive documentation required in the lending process, and in some cases generally bad attitudes by banking personnel.
· Bargain hunters and low-ball offers continue, but to a lesser degree than previously.
· A number of respondents noted that the overall jobs and economic situation continues to have a major, negative impact on the residential markets.
The results from this month’s survey are positive: confidence is up and price expectations are improving. All real estate is local, and the tone and type of reply varied by region of the country.
Do you have any questions about Allendale or Allendale Real Estate? Need to know the value of your home?
My Marketing Plan for your home includes:
· Performance Guarantee
· Risk Free Escape Clause
· Communication Guarantee
· Smart Seller Program
· Detailed Marketing Guarantee
· Certified Pre-Owned Program
If our not getting these type of guarantees when listing your home, you need to contact me for a free consultation:
Your Allendale Home Town Expert - 45 year resident.
James Lockard
RE/MAX Properties
Office: 201-825-6600
Cell: 201-674-3114
Website: www.BergenCounty-Homes.com
Email: jlockard@remax.net
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