Paramus Real Estate Home Sales Report 2008

By
Real Estate Agent with Re/Max Real Estate Limited

Paramus home sales from 2003 to 2008 show a sales volume decline from 2005 of 43.92%. The median sales price also fell over 12.15% from the high year of 2007. Although the volume has fallen significantly, prices have been resistant to fall as dramatically as other areas of the country. Sellers have not drastically reduces the list prices. Paramus from 2002 low, didn't run up as much as other areas either. It went up within the 50-100% range, considerable and above trend, but not like the 200-300% of the more speculative areas of Florida, Southern California, Nevada, and Arizona. Areas that did not have large quantities of new properties to distribute, such as Bergen County NJ, did not use the toxic financing as often to fuel market values.

I am hoping that the new mortgage programs are going to help consolidate this market and volume will pick up.

View the complete analysis click on the chart below.

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Paramus Homes Sales Volume NJMLS

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Richard

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Rainmaker
4,433,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope the market will pick up. I have friends who bought in the area.

Mar 01, 2009 10:24 PM #1
Ambassador
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Paul S. Henderson, REALTORĀ®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Richard, Even Andy Rooney can follow this trend in less than 60 minutes...

Mar 02, 2009 04:23 PM #2
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Rainmaker
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Richard Stabile

Bergen County New Homes Builder Realtor
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