Allendale NJ Real Estate Market Conditions

By
Real Estate Agent with RE/MAX Properties - Saddle River

Below you will find Allendale real estate statistic for the period 6/1/2007 through 7/1/2007 as listed in the New Jersey Multiple Listing Service for  all property types in Allendale.

Listing
Status
       

Total       

Total List/
Sale Dollars 

Average List
Price

Average Sold
Price

Median Sold
Price

Sale Price/
List Price

Sold

10

 $ 9,081,900

 $ 930,490

 $ 908,190

 $ 610,000

  97.603

Co-Broker

7

 $ 5,904,900

 $ 851,000

 $ 843,557

 $ 605,000

  99.125

List/Sold

3

 $ 3,177,000

 $ 1,115,967

 $ 1,059,000

 $ 448,000

  94.895

New

12

 $ 9,542,800

 $ 795,233

 

 

 

Under Contract

6

 $ 4,805,800

 $ 800,967

 

 

 

Current Active

35

 $ 37,503,699

 $ 1,071,534

 

 

 

 

 

The same statistics for last month (May 2007):

Listing

Status       

Total  

Total List/
Sale Dollars 

Average List
Price

Average Sold
Price

Median Sold
Price

Sale Price/
List Price

Sold

7

 $ 4,157,300

 $ 613,800

 $ 593,900

 $ 495,000

  96.758

Co-Broker

7

 $ 4,157,300

 $ 613,800

 $ 593,900

 $ 495,000

  96.758

List/Sold

0

 $ 0

 $ 0

 $ 0

 $ 495,000

 

New

23

 $ 20,363,050

 $ 885,350

 

 

 

Under Contract

8

 $ 6,578,800

 $ 822,350

 

 

 

Current Active

47

 $ 41,210,199

 $ 876,813

 

 

 

A quick look at the numbers shows although sales have remained constant, there is almost double the amount of homes which came on the market last month which boosts the active inventory in Allendale to 47 almost double the amount in the boom years of 2004 and 2005.

To find the value of your home allow me to provide a free Comparative Market Analysis specifically for you. Please visit my website at http://www.bergen-county-homes.com/ or call me directly on my cell phone: 201-674-3114

If you would like a free list of homes for sale in Allendale or would like more information about Allendale, or you would like to be the first to know about hot new listings before other Allendale buyers do, then give me a call at:

James Lockard
RE/MAX Properties
Office: 201-825-6600
Cell: 201-674-3114
Email: jlockard@remax.net
Website:  http://www.bergencounty-homes.com/

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James Lockard

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