Paramus NJ Homes for Sale and Real Estate Review - November 2012

By
Real Estate Broker/Owner with Power Realty Group, LLC Bergen County, NJ

Paramus NJ Homes for Sale and Real Estate Review - November 2012

Here are the important stats in the single-family category:

  • 14 Paramus NJ Homes SOLD
  • Median Sold Price = $502,500
  • 15 Under Contract
  • 12 New Listings
  • 60 Currently Active Listings
  • Average Listing Price = $812,538

 

The Paramus real estate market continues on a healthy path. The sale-to-list price ratio is down a bit from October but remains above average for Bergen County. The days-on-market stat remains right around 2-months. This means Paramus homes are selling within 5-8% of full-list at a pretty rapid pace.

The inventory absorption rate & liquidity ratio remain strong, while the level of available Paramus homes for sale inventory continues its descent, decreasing about 15% since the end of October.

These stats all indicate a healthy market more in favor of sellers.

That said, there are currently 60 opportunities for buyers interested in counting themselves among Paramus homeowners. (...who are also among a handful of Bergen County towns paying the lowest property tax rates!)

  See all Paramus NJ Homes for Sale

Listing Status        Total        Total List/Sale Dollars 
Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price*
Avg DOM
Sold 14  $ 7,579,000  $ 592,750  $ 541,357  $ 502,500   91.330 63
Co-Broker 7  $ 3,934,000  $ 604,400  $ 562,000  $ 525,000   92.985 55
List/Sold 7  $ 3,645,000  $ 581,100  $ 520,714  $ 438,000   89.608 72
New 12  $ 7,094,800  $ 591,233        
Under Contract 15  $ 7,317,288  $ 487,819       61
Withdrawn 5  $ 3,545,900  $ 709,180       127
Expired 5  $ 6,877,000  $ 1,375,400       264
Back on Market 4  $ 2,312,800  $ 578,200       113
Extended 0  $ 0  $ 0        
Current Active 60  $ 48,752,298  $ 812,538        

Data deemed reliable but not guaranteed. 12/19/2012. New Jersey MLS, Inc.

 

Active Inventory In Price Ranges

See all Paramus NJ Homes for Sale

  

Thinking about selling? Click to see how my maximum exposure marketing system will benefit you. I'm so confident my systems work, I give my sellers a 100% Seller Satisfaction Guarantee!

   Brian Morgenweck's Seller Satisfaction Guarantee

    I'm Brian Morgenweck, Broker/Owner of Power Realty Group.

  Whether you're buying or selling a home, I'm here to help you reach your real estate goals.

   How may I help you?

    (201) 489-3020

    Power Realty Group - Bergen County NJ

 

   

 Paramus NJ Homes for Sale and Real Estate Review - November 2012

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