Central New Jersey Real Estate Professional

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Real Estate Agent - ERA Queen City Realty
Thought provoking commentary on things real estate related.

ARCHIVED BLOG POSTS

2008 

Citigroup, thought to be one of the more conservative players in the financial industry, hasn't gone unscathed by the mortgage meltdown.  While, Citgroup has not made a play to acquire any struggling competitors, it has likewise not been a target for a takeover. Citigroup's problems were highligh...
11/17/2008
Fanwood's residential listings were down by 24% in August 2008 by comparison to last year. The listing price was down by 4%, with an average of $457,665. New listings were also down by27% with an average price of $465,291. Homes under contract and scheduled to close were also down by nearly 14%, ...
11/15/2008
Scotch Plains residential listings were down by 13% by comparison to August 2007, with an average list price of $689,648, representing an increase in price by 3%. However, new listings during the month were down by9% with an average price of $520,490, representing a decrease in price by 16.4%. Au...
11/15/2008
North Plainfield residential listings were up to 245 representing an 13,43% increase over August 2007. Conversely, the average price was $279,022, down by 9.3%. New Listings were down to 34 for the month, with an average price of $269,604. Properties scheduled to close were also down to 14 with a...
11/15/2008
East Orange's residential listings were down as was the average listing price at $215,344. New listings were down for the month to 54 verses 68 last year for the same month. New listings average $220,004. Properties scheduled to close were basically the same at ten for the month with n average pr...
11/15/2008
Irvington has higher residential listings for the month of August at 294 over last year's 272. Prices were down at $196,415, on average. Mew listings registered a lower price point at $164,096 with 34 coming on the market. While properties scheduled to close average $156,629, the volume was uncha...
11/15/2008
Maplewood's residential listings were up by 8%, with a lower average price of $466,646. New listings were down in volume but up in price at $534,92, a 9% increase over last year. Properties scheduled to close were up at 25 for the month, verses 16 for the same period, last year, with an average p...
11/15/2008
Newark's residential listings were 592 for the month of August, down from 664 for 2007 during the month of August. The average price was $233,443, also down. New listings for the month came in at 68, down from 121 for 2007. The average price was down 21% at $219,407. Properties scheduled to close...
11/15/2008
South Orange's residential listings were up by 22.4% at 180 with an average price of $666,428, down from last year during the same period. New listings were up at 32 for the month with an average price of $772,229 up by 1% over last year. Properties scheduled to close were up in volume and down i...
11/15/2008
Orange residential listings were up at 174 with an average price of $261,851. New listings were slightly lower with virtually no change in the average price of 4294,078. Only two sales were scheduled to close, down from nine with an average price of $221,950, representing an increase of 8%. Sales...
11/15/2008
Rainmaker
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William Collins

Director of Property Management
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