Michael's Bergen Blog

By
Real Estate Agent - Keller Williams Village Square Realty
RECENT BLOG POSTS
In northwest Bergen, which includes Glen Rock, Ridgewood, Upper Saddle River, Franklin Lakes and nine other areas, the median price was up in December compared with December of 2009. The median was $597,000, up from $555,000. The number of houses sold was up 3%. In Bergen County overall, however,...
01/10/2011
Every home buyer has his/her own approach to pricing a home. Some are more informed, some less. Some are more logical and others more emotional. As an agent, it's not my decision what offer price goes on the contract but it is my job to inform and educate buyers on market conditions. There are m...
09/23/2010
In response to the housing data released this week, the New Jersey Association of Realtors® (NJAR®) issued this statement: According to the National Association of Realtors® second quarter 2010 State Resale report, New Jersey existing home sales have far outpaced the nation. Existing home sales i...
08/27/2010
Here's a bizarre statistic for the first half of July: median sold prices in Bergen County have risen 16.2% over the same period last year. In northwest Bergen, they're up 6.4%. Wait a minute, how can that be? The economy is still slow, unemployment still high and inventory levels continue to fav...
07/17/2010
Last week I attended a lecture by Dr. Lawrence Yun, Chief Economist for the National Association of Realtors. He showed over 40 charts and graphs describing the mechanics of the recent real estate market and what's to come. He demonstrated why he thinks the worst is behind us and why he predicts ...
06/25/2010
The Rotary Club of Ridgewood has organized a photo contest for and about the Village. Here are the details from the poster: A stunning photo doesn’t care who took it. No matter how much experience you have or how sophisticated your camera, you’re invited to enter the Ridgewood Photo Contest. The ...
05/27/2010
The number of sold homes in northwest Bergen County is up 47% over the same period last year. By early this year, the economy had demonstrated marked improvement with significant stock market gains, indications of bottoming unemployment and improving consumer confidence. When April contracts clo...
05/27/2010
The New Jersey MLS has just started publishing a comprehensive real estate report for Bergen and nearby counties. At 37 pages it's quite an exhaustive overview. But even more impressive than it's length is how strong the market is right now. Here are a few sample statistics from the report: Tota...
04/16/2010
The New Jersey MLS has just started publishing a comprehensive real estate report for Bergen and nearby counties. At 37 pages it's quite an exhaustive overview. But even more impressive than it's length is how strong the market is right now. Here are a few sample statistics from the report: Total...
04/16/2010
Economists say that if the inventory of homes on the market is under 8 months, prices will remain stable. A look at the number of active homes around Bergen County shows that inventory in several exclusive areas is under 8 months, despite a county-wide average of 8.9 months. For more information ...
03/25/2010
Rainer
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Michael Shetler

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