Michael's Bergen Blog

By
Real Estate Agent - Keller Williams Village Square Realty - 0569304
RECENT BLOG POSTS
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
Median sold prices for single family homes and for condos/co-ops/townhouses have turned up in the last one to two months. But the median price of multi-family homes is trending slightly downward. That difference may be partially a result of the home buyer tax credits, which apply only to primary...
02/25/2010
The decrease in average sales price from 2008 to 2009 in northwest Bergen County was 11%. But a closer look at how it breaks down is very telling. Homes with two or three bedrooms were down only 7% while homes with six or seven bedrooms were down 31%. However even the high end of the market has b...
02/04/2010
The number of homes on the market in Bergen County is surprisingly low. With 3,078 active homes, inventory hasn't been this low in January since 2005. In addition, the number of homes currently under contract in mid-January is at a three-year low. At the high end of the market, the news for sell...
01/21/2010
Rainmaker
31,607

Michael Shetler

Ask me a question
*
*
*
Spam prevention

Additional Information