Bergen County and Palisaeds Park saw a dramatic downturn in residential sales in the past years, according to NJMLS data analysis as of 7/31/08. Sales of total residential units in Bergen County plunged 44.63% vs. 2005, the peak year, and 24.65% vs. last year. Palisades Park looks in even worse shape as seen below, as only 61 units were sold this year as of 7/31/08. This roller coaster-like fall reminds people how hot the market was in its sunny days. Palisades Park, the home of condomized duplex, did not see sales faltering up until the mid of 2007, as helped by surging condomized duplex sales in 2007. It is quite interesting that the town showed this late response to the overall market slowdown.
| Bergen Co | 8/1/03~ | 2/1/04~ | 8/1/04~ | 2/1/05~ | 8/1/05~ | 2/1/06~ | 8/1/06~ | 2/1/07~ | 8/1/07~ | 2/1/08~ |
| House | 4,018 | 3,807 | 3,814 | 3,619 | 3,617 | 3,069 | 3,005 | 3,117 | 2,353 | 2,307 |
| Condo | 1,530 | 1,466 | 1,615 | 1,593 | 1,665 | 1,337 | 1,263 | 1,368 | 1,022 | 871 |
| 2-4Family | 558 | 513 | 609 | 564 | 594 | 508 | 435 | 338 | 251 | 205 |
| TOTAL | 6,106 | 5,786 | 6,038 | 5,776 | 5,876 | 4,914 | 4,703 | 4,823 | 3,626 | 3,383 |
| Pal Park | 8/1/03~ | 2/1/04~ | 8/1/04~ | 2/1/05~ | 8/1/05~ | 2/1/06~ | 8/1/06~ | 2/1/07~ | 8/1/07~ | 2/1/08~ |
| House | 18 | 21 | 27 | 20 | 17 | 16 | 6 | 9 | 10 | 7 |
| Condo | 64 | 73 | 74 | 76 | 66 | 79 | 69 | 90 | 51 | 35 |
| 2-4Family | 41 | 34 | 37 | 33 | 28 | 25 | 15 | 25 | 14 | 9 |
| TOTAL | 123 | 128 | 138 | 129 | 111 | 120 | 90 | 124 | 75 | 51 |
| Sales | 2005 | 2006 | 2007 | 2008 | vs.2005 | vs.2007 |
| US | 7,076,000 | 6,478,000 | 5,652,000 | 4,810,000 | -32.02% | -14.90% |
| Northeast | 1,169,000 | 1,086,000 | 1,006,000 | 850,000 | -27.29% | -15.51% |
| Bergen C. | 11,794 | 9,623 | 8,666 | 6,530 | -44.63% | -24.65% |
| Pal Park | 245 | 205 | 205 | 105 | -57.14% | -48.78% |
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