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New Jersey Market update for July 2013

5 Sep

Click on the below link to view a PDF of the entire July 2013 update

MARKET-UPDATE-07-2013

 

 

 

DRAD KW

257 E. Ridgewood Ridgewood, NJ 07450

Each Office independently owned and operated

 

Aldo’s Restaurant and Pane & Vino 640 Wyckoff ave

24 Jul

Hello Jersey Experiment family, as you know Aldo’s will be opening its 120 seat restaurant, wine bar, wine cellar and retain wine store in late July.    I drive by every day and my curiosity got the best of me.  So I stopped by and meet Aldo and he allowed me to take some photos to give you guys a glance at his new spot.   The restaurant will have a wine dispensing system that will allow patrons to taste 34 wines by the glass.  Take a look at the video and photo gallery below.  Also scroll down and read up on the WPRF fundraiser taking place at Aldo’s July 29th.

WPRF fundraisers at Aldo’s on July 29th.  Click on photo below to make reservation  tickets to this  GREAT event.

Aldos fund raiser

DRAD KW

257 e. ridgewood ridgewood, nj 07450

Each office is independently owned and operated

2nd Quarter New Jersey Real Estate Market Update for Bergen County

23 Jul

June_2013_Market_Update

CLICK ON THE PHOTO ABOVE TO PULL UP THE ENTIRE 41 PAGE REPORT

Bergen_County_June_2013_Sold 2

TO VIEW HOMES CURRENTLY ON THE MARKET CLICK HERE

DRAD KW257 E. Ridgewood Ridgewood, NJ 07481

Each office is independently owned and operated

Image

KELLER WILLIAMS VILLAGE SQUARE REALTY ROCKS!

7 Jun

KW_ROCKS

Inventory Down, Sales Up in Bergen County!

19 Mar

Inventory Down, Sales Up:  Spring Market Looks Good

Inventory Down, Sales Up: Spring Market Looks Good

Posted on 12. Mar, 2013 by  in Uncategorized

It is interesting to note as we head into the spring market, that we’re seeing the glut of active inventory in the NJMLS declining, while the number of closings is increasing.  Overall, there has been a decrease in Residential listings (single family homes, 2-4 family homes, and condos/coops/townhouses) of 22.44% from 2011 to 2012, while sold listings have gone up 12.90% in that same period.

This is in sharp contrast to what we’ve seen over the past several years.  Prior to 2005, in most instances, we witnessed an overactive market.  In 2005, inventory started to increase, and there was a decrease in the number of closings.  There was some exception in 2009 heading into 2010, when the First Time Homebuyer’s Tax Credit was in effect, but 2012 was the year we saw a significant change in both trends.

 

 

Click to see full size graph BergenStats

 

To further illustrate:  in the NJMLS market area, all four market area counties showed fewer active listings and more sold listings.  Click on the County name below for Active Inventory and Sold Listings statistics for Bergen, Passaic, Essex, and Hudson Counties.

There are also some key towns in each of these counties where this change is evident.  They include:

BERGEN COUNTY– 2011 to 2012

Cliffside Park:              25.40% decrease in active listings and a 37.80% increase in sold listings.

Montvale:                     44.64% decrease in active listings and a 43% increase in sold listings.

Ridgewood:                  29.59% decrease in active listings and a 26.15% increase in sold listings

Information from NJMLS