Michael's Bergen Blog

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Real Estate Agent - Keller Williams Village Square Realty - 0569304
RECENT BLOG POSTS
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
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The Ridgewood area real estate market has been holding its own over the last year. As you can see from the charts below, the median price hasn't changed much, except for the usual price bump during the spring market. And the year ended with an inventory level lower than where it started. In gene...
01/08/2010
The improvement over last fall in the number of home sales is dramatic. In Bergen County, homes under contract over the last 30 days is up 50% over the same period last year. The median sales price is down 9.2%.In northwest Bergen County, where foreclosures are much less common, activity is up 54...
12/11/2009
Last year at this time, Wall Street was in crisis. September saw the failure of Lehman Brothers and the takeover of several large banks. As a result, October home prices were down 21% from a year earlier in northwest Bergen County. But since then prices have come back over halfway - the average ...
11/07/2009
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