Mahwah, NJ Real Estate News

By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Things are moving .... in Mahwah, New Jersey. I have researched several towns in the Bergen County area this morning on the NJMLS. In the period ending today over 40 homes have gone under contract or have sold in the last 3 months. The average price of a home under contract or SOLD during this period is  $785,338. Now is the time to sell because the spring/summer market is here and interest rates are at an all time LOW. Buyers have their choices and sellers are negotiating. Perhaps in contrast to other areas of the country...Mahwah and Bergen County is MOVING!   Status   # Average Minimum Maximum Avg DOM Under Contract : 17 $750,153 $349,900 $2,199,000 98   Sold : 23 $736,370 $250,000 $1,250,000 153   Total Listings : 40   Sold properties closed averaging (93.35%) of their final list pr...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
The township of Mahwah last had it's revaluation over 6 years ago and plans are underway for a new town Revaluation. The plans were originally scheduled for  municipal assessments to take place in 2007. The mayor and town council had realized that significant changes were taking place in the Real Estate market so, they applied for and received  a 3  one-year extensions. This will bring the revaluation to 2011. The collection and preliminary field work and assessments will beging during 2009-10. Values will be established in Octover of 2010 for assessments in 2011. Property owners will be notified to inspections via MAIL prior to inspections in each neighborhood in Mahwah. For more information, see  http://www.mahwahtwp.org/Cit-e-Access/webpage.cfm?TID=64&TPID=6805 . There is a neat tax ...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Rio Vista ESTATEs --- Luxury Lifestyle in a Prime Location The Rio Vista Community offers luxury living in Northern Bergen County. This home, on DeGraaf Court, features a LANDSCAPE award winning yard with built in gunite pool, LYNX outdoor kitchen and lushly landscaped grounds on a hugh flat  1 ACRE plus private yard. Set on a cul-de-sac in the heart of the community, the home has been completely renovated and updated. Custom features include a commercial kitchen with granite and stainless steel appliances. The home is an entertainers delight with a huge great room, music room, large dining room and perfect, open floor plan  --- just perfect for family gatherings and events. www.DeGraafCourt.com *** see the new web page for details *** Upstairs features a sumptous Master Suite with trey...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Why Mahwah residents are still opposed to Pilot's proposed expansion of the truck stop on Rt. 17:   Pilot's current application (their third) is really no different than the first application in its effects on the community.  It is still a truck stop where trucks fuel, rest and park.  Increased traffic means increased potential danger to drivers, students and residents and our environment.  The Bergen County Appellate Court upheld Mahwah's denial of Pilot's first application and cited "there would be a substantial detriment to the surrounding properties and to the general public as a result of the increase in traffic, congestion, noise and safety, as well as the potential for water and air pollution. Therefore, the Court adopts the Board's determination that the proposed use is incompat...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
This beautiful brick building was once the home to the Newark Catholic Archdocese and Seton Hall Seminary features 92 condominium units set in the heart of the private enclave of Rio Vista Mahwah. The building is divided into 5 sections also known as towers and is aptly named Walsh Hall after the late Archbishop Thomas J. Walsh (1928-52), who spearheaded the expansion of Seton Hall's seminary campus to the former Darlington Estate between 1933-37. The Seminary remained active until 1982 when the Mahwah over 440 acre campus was sold to Darlington Associates.   After a total renovation, Walsh Hall is one of the premier luxury buildings in Bergen County. The building features: 5 elevators, 276 parking spaces plus 64 covered deeded spaces, Clubhouse&Recreation center, fabulous party room, l...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Save the Date  Wednesday March 11, 2009   The Mahwah Schools Foundation Board of Trustees presents The 10th Annual Trustee Dinner Black & White Starry Night Dinner  *   Dancing   *  Raffle Prizes to be held at Seasons  Washington Township, New Jersey 6:30 ~ 11:30 Invitations to follow ...  Dear Mahwah Parents, Guardians & Friends: One of our big fundraising events, the Annual Trustee Dinner, is rapidly approaching! Details for this event can be found on the reverse side of this flyer. We hope you will plan to attend as each year has seen our numbers grow and it's a wonderful evening together showing support for our schools!   Over the past several years, Mahwah Schools Foundation events have been successful due to the generosity and support of parents, friends and local businesses, who ...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
TOWNSHIP COUNCIL TO CUT DARE, JUNIOR POLICE ACADEMY AND LEADERSHIP ACADEMY PROGRAMS Budget cuts being considered by the Mayor and Township Council will cut 3 police officers, eliminating the staffing available for DARE, Junior Police Academy and Youth Leadership Academy.  Police support for the Kid Care Identification Program and Red Ribbon Safety Week will also be lost.  Over 6,000 police hours annually will be cut, forcing the police department to eliminate its instructional support for these three community programs which combined in 2008 to reach roughly 1,000 students.  This is Mahwah's largest community outreach program, and the only effort focused on developing decision-making skills in the face of peer pressure related to drugs, alcohol, bullying as well as gang recruitment and ...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Mahwah is the home to many condo and townhome communities. Each has their own special charm and signature style that also offer residents a range of price points as well. Each community features a variety of floorplans and their locations offer access to many of the town's fabulous amenities. These homes are terrific options for first time homebuyers, move-up buyers and even retirees.  For more information or to see  selection of Mahwah's condo's or townhomes --- give me a call or email me at CupaT@aol.com . I am happy to take you on a guided tour. There is a style and price point to meet any buyer's need.  I can put together a selection of homes for sale. Apple RidgeTaylor Management Co.201-934-6677Birchwood HillsWilkin Management Group201-560-0900Brookside ManorWilkin Management Group...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Wow....has this been a week! I decided to crunch some numbers to see how the local Mahwah, NJ real estate market is fairing amongst all the recent history making developments on Wall Street  to see how it effect our streets. In the past three months --- according to the data gleened from the NJMLS --- single family homes have been selling. 18 homes have come under contract and another 35 homes have sold. The detail is below. Later, I will compare those numbers to three months prior but for now...things are moving...   Status   # Average Minimum Maximum Avg DOM Active : 97 $1,151,355 $374,900 $3,397,000 125   Under Contract : 18 $690,079 $99,500 $1,599,000 143   Sold : 35 $867,591 $29,500 $2,100,000 76   Total Listings : 150   Sold properties closed averaging (94.93%) of their final list...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
   Here is a brief slice of the condo and townhome market as it stands today on the NJMLS. There are over 75 active listings and the data below reflects the transactions for the past three months ending today. Over 25 condo/townhomes have come under contract and over 64 have sold. For more details regarding the complex or neighborhood, please don't hestitate to ask. I have more details and I am happy to help. Selling prices have held steady at 3.84 % of the full asking price.   Status   # Average Minimum Maximum Avg DOM Active : 60 $512,397 $348,000 $949,999 85 Under Contract : 25 $424,076 $242,900 $659,000 65 Sold : 65 $399,435 $252,250 $700,000 70 Total Listings : 150   Sold properties closed averaging (96.16%) of their final list price (FLP). This reflects a (3.84%) difference betwee...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
 There are approximately 100 homes currently available for sale in Mahwah today. And, according to the NJMLS 21 came under contract and 35 SOLD in the last three months. The price average price range for the homes in town was $ 1,071,606. And, the final listing prices fell to about 7.68 percent of the asking price for this time period so there has been some price adjustments here.   Status   # Average Minimum Maximum Avg DOM Active : 94 $1,164,138 $365,000 $3,397,000 120   Under Contract : 21 $755,368 $32,900 $1,980,000 116   Sold : 35 $1,071,606 $49,500 $8,875,000 107   Total Listings : 150   Sold properties closed averaging (92.32%) of their final list price (FLP). This reflects a (7.68%) difference between property sale prices and their *FLP's. ------------------------- Thinking of b...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
 For those of you new to the area OR if you are just trying to find something new to try... I have compiled a list of area restaurants. Now I know that this list is by no means a complete and unabridged list of area eateries. Each location is a family or office favorite ( not just some name on a list ) and I have to be honest, we frequent each and every one of them! www.AppleRidgeCountryClub.com - Mahwah, NJ - More than a golf course offers great catering and events. www.njdiningguide.com/cafelamore/  - Oakland, NJ - Italian fare low in fat www.janiceabistro.com - Ho-Ho-Kus, NJ - Home-Style Cooking, Old-Fashioned Feel www.HoHoKusINN.com - Tell Marcello we said ciao bella! www.KevinsThyme.com  - Ho-Ho-Kus, NJ - Another weekly lunch spot, this one is terrific! Caters, too. Kinchleys Taver...
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As an active rain member I have researched historical home price declines for statistical patterns.  The last time we had www.appraisal-values.com excuse me home property values drop was in 1987, when the stock market crashed.  At that time a median property value range of 10% year over year for three consecutive years.  This is based on facts, by local Bergen County Real Estate Agents according to www.BergenCountyMLS.com.  As far as I can see we have seen on average 10% this leaves about a 15% to 20% continued decline if history repeats itself.  But wait a minute, we have had a fox in the hen house too long with Wall Street continuing their churn on the mortgage lending barel with toxic 100 to 110% LTV loand products this go around.  So my estimate is probably 25% before we hit the flo...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Rio Vista is a private upscale community that has it's own homeowner's association, deed restrictions and bi-laws and it is set on over 450 acres of park-like acres bordering the Ramapo Reserve and Bergen County's Campgaw Ski area.   There are many home types to choose from including: single family custom built estate homes; patio or detached townhomes called Darlington Village; and one & two level townhomes located in Walsh Hall. These homes are all set within green belted areas and common use areas for residents including the pool, recreation and clubhouse center, parks, tennis courts and expansive lawn areas. The recreation center includes a fitness center with a weight room, sauna, showers & locker areas. Residents can also enjoy tennis, handball & bocce courts as well as a children...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
 By readers request, I have researched a separate sales data report for CONDO & TOWNHOME Sales in Mahwah, NJ. As you can see...things are moving right along with over 83 condos & townhomes selling in the last 2 months in town. WOW. Yes, real estate is local and prices are holding close to the final listing price --- sales are within 3.67% of the ask... LISTEN to your realtor because low-ball offers are not in the cards because the asking prices are getting right on target. This information is based on actual sales data garnered from the NJMLS for the past two months. Status   # Average Minimum Maximum Avg DOM Active : 67 $516,764 $348,000 $949,999 76 Under Contract : 33 $383,488 $242,900 $679,000 73 Sold : 50 $402,967 $252,250 $700,000 69 Total Listings : 150   Sold properties closed av...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
It is time to update the residential sales data for single family homes in Mahwah, NJ. Although the dog days of summer are upon us...it seems that real estate has picked up in the last 2-3 months --- as far as actual under contract and closed sales. Listed below is the data gleened from the NJMLS for the last two months. ( May 21 - July 21, 2008). The number of homes that have gone under contract or that have sold has gone up compared with two months prior. Of interest to note --- there is an 8.67% difference between actual asking price and the closed sale price of homes. Status   # Average Minimum Maximum Avg DOM Active : 100 $1,104,035 $359,500 $3,397,000 135   Under Contract : 20 $926,944 $438,000 $2,499,000 77   Sold : 27 $1,168,449 $360,000 $8,875,000 112   Total Listings : 147   S...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
  They say that a picture is worth a thousand words....and if that is the case, what are the words trying to say here? This photo is from a listing in which the asking price is over $ 500,000. That is correct. One half a million dollars and the most outstanding feature the agent can find --- is this closet.   I know this has been discussed, over and over again. But, it never ceases to amaze me that photos like this one are used to market the homes best assets and features. And as if the photo above --- were not enough --- check out this one: We cannot make this stuff up folks. What frightens me is that the seller actually hired the agent as a professional marketer of their home. As I had mentioned , this home is priced over $ 500,000. No glamour shots here. Agents --- please call a prof...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
COME OUT AND SUPPORT THE MAHWAH GIRLS SOCCER PROGRAM THE MAHWAH GIRLS SOCCER TEAM IS HOLDING A FUNDRAISER New Wave Cinemas Presents: MOVIE NIGHT UNDER THE STARS FUN FOR THE ENTIRE FAMILY WHEN: SATURDAY, JUNE 14, 2008 MOVIE: ENCHANTED WHERE: MAHWAH HIGH SCHOOL FIELD TICKET PRICE: $10.00/Doors open at 7:30 Show starts at dark/ Concession to be sold! Bring your own chair/blanket. Contact New Wave Cinemas (201)788-2770 Pamela Stetson and Abbott & Caserta Realtors are proud sponsors of Movie Night Under the Stars. Liguid Lightening Sports and Energy Drinks --------------------------------------------------------------------------------------- *** Classic Disney animation meets contemporary urban chaos when a frightened princess is banished from her magical animated homeland to modern-day Ne...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
 Mahwah has seen quite a bit of activity in the past 6 months. See the statistics below as garnered from the NJMLS. I tried to capture as much data as possible in order to get the right picture of the activity. Over 38 homes have sold in the past 6 months in Mahwah.   Status   # Average Minimum Maximum Avg DOM Active : 89 $1,182,376 $492,934 $2,999,999 115   Under Contract : 23 $1,047,543 $599,900 $2,199,000 88   Sold : 38 $1,176,916 $505,000 $8,875,000 98   Total Listings : 150   Sold properties closed averaging (90.82%) of their final list price (FLP). This reflects a (9.18%) difference between property sale prices and their *FLP's. ------------------------------------------------- Thinking of buying or selling your home in BERGEN COUNTY, New Jersey? Let me help you. Know the sales va...
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By Pamela STETSON, I would love to help you buy or sell your home!
(Berkshire Hathaway HomeServices Abbott Realtors)
Abbott & Caserta Realtors Pamela StetsonMulti-Million Dollar Club '04,'05,'06,'07 Office:201.447.6600 x 007Mobile:201.675.1618Email:CupaT@aol.comWebsite:Click to open www.GeorgianCourt1.com WELCOME HOME! Georgian CourtMahwah, NJ 07430   This home will wow you! $1,499,900 Rio Vista Mahwah is an upscale enclave set on over 466 acres of private wooded land and it is surrounded by literally thousands of acres of Bergen County parkland. The original developers of the community, Darlington Associates, designed a series of one, two and even three acre homesites that surround the over 50,000 square foot Crocker Mansion. The property was once owned by the Newark Archdiocese and was once a Jesuit Seminary and college. This STUNNING home is set on a 1.13 wooded acre lot on a cul-de-sac in the hea...
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