ARCHIVED BLOG POSTS
2009
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The lower end of the market is hot, the top is not. In the last two weeks I've seen several bidding wars on starter homes that were aggressively priced. In Ridgewood, for example, a split level priced at $549,000 received at least 3 offers in its first weekend on the market. In Fair Lawn, a home ...
01/22/2009
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The real estate market is quietly moving along at a pace 30% below last year. Since December 15th, 40 single-family homes have gone into attorney review in northwest Bergen compared with 57 a year ago. The country as a whole is waiting for a few things to happen before making major decisions. The...
01/13/2009
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t's been a heckuva year. With upheaval going on in all sectors of the economy, it will be awhile before the dust settles and we know the bottom of the market is behind us. As you can see from the table above, the number of sales in December in northwest Bergen is up but prices are down. With sale...
01/07/2009
Rainer
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Michael Shetler
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Observations and analytics on the real estate market in Bergen County, northern New Jersey. Special focus on Ridgewood and northwest Bergen. All facts and figures based on NJMLS. Info deemed reliable but not guaranteed.