Ramsey, NJ

Ramsey NJ Condo Review - January & February 2012

Here are the important stats so far in 2012 in the condo & townhouse category.

• 5 Ramsey NJ Condos SOLD
• Median Sold Price = $555,732
  
• 18 Under Contract
• 31 New Listings
• 52 Currently Active Listings
• Average Listing Price = $389,856
  

I noticed something interesting while compiling this market review. The inventory level of Ramsey Condos For Sale was up by 24%. (mid-February vs. the same time last year) Stay tuned to my Ramsey NJ Condo Reviews to see if this trend continues & we'll analyze any implications it may have.

Listing Status	Total	Total List/Sale Dollars	Average List Price	Average Sold Price	Median Sold Price	Sale Price/ List Price*	Avg DOM
Sold	5	$ 2,415,701	$ 517,774	$ 483,140	$ 555,732	93.311	243
Co-Broker	4	$ 1,859,969	$ 483,470	$ 464,992	$ 527,557	96.178	219
List/Sold	1	$ 555,732	$ 654,990	$ 555,732	$ 555,732	84.846	337
New	31	$ 10,869,850	$ 350,640
Under Contract	18	$ 6,907,704	$ 383,761				154
Withdrawn	11	$ 4,209,446	$ 382,677				135
Expired	10	$ 3,144,690	$ 314,469				204
Back on Market	1	$ 569,990	$ 569,990				199
Extended	5	$ 1,474,900	$ 294,980				140
Current Active	52	$ 20,272,520	$ 389,856

Information deemed reliable but not guaranteed. 3/3/2012. New Jersey MLS, Inc.

Take a look back at Ramsey NJ Condo Review - 2011 In A Nutshell

If you or someone you know is thinking about selling a condo or townhouse in Ramsey NJ, don't miss JERSEY CONDO SCENE , the maximum exposure marketing system.

I'm Brian Morgenweck,

Broker/Owner of Power Realty Group.

I'm here to help you reach

your real estate goals.

Call me today!

(201)489-3020

Ramsey NJ Condo Review - January & February 2012

Ramsey home sales & Ramsey real estate statistics:

Ramsey home sales statistics & Market update report for the the last 12 months for Ramsey townhomes, condos and/or co-ops

Ramsey real estate Average Median Sold Price for this period: $414,415

Ramsey townhomes, condos and/or co-ops Total Units Sold for this period: 45

Find your Ramsey townhome or condo at WWW.REMAXAGENTBERGENCOUNTY.COM or WWW.BERGENCOUNTYNJHOUSES.COM

Statistics for Condo/Co-op/Townhome Properties in RAMSEY, NJ for 12 Months Back

Average Units Sold per Month for this period: 3.8 Total Units Sold for this period: 45	Average Units UC per Month for this period: 6.6 Total Units UC for this period:79
Average Sold DOM for this period: 159 Average UC DOM for this period: 128	Average Median Sold Price for this period: $414,415

--- Information herein deemed reliable but not guaranteed. 3/1/2012 9:05:05 AM ---

--- Copyright: 2012 by New Jersey MLS, Inc. ---

Find your Ramsey townhome or condo at WWW.REMAXAGENTBERGENCOUNTY.COM or WWW.BERGENCOUNTYNJHOUSES.COM

Ramsey real estate market statistics & market trend for the last 12 months

Looking for a Ramsey home for sale? Visit:

www.BergenCountyNJHouses.com or www.remaxagentbergencounty.com

Statistics for Residential Properties in RAMSEY, NJ for 12 Months Back

Average Units Sold per Month for this period: 8.7 Total Units Sold for this period: 104	Average Units UC per Month for this period: 10.2 Total Units UC for this period:122
Average Sold DOM for this period: 86 Average UC DOM for this period: 82	Average Median Sold Price for this period: $557,917

Looking to sell your Ramsey home? Call Jeana Cowie today for a free market analysis

Ramsey real estate statistics 2010 vs. 2011 presented by Jeana Cowie

Looking for a Ramsey home for sale? Visit:

www.BergenCountyNJHouses.com or www.remaxagentbergencounty.com

2010 Average Ramsey home Sold Price: $571,634
2011 Average Ramsey home Sold Price: $596,987
4% Change

Ramsey NJ home sales & real estate update 2010 vs. 2011 All statistics provided by the New Jersey Multiple Listing Service (NJMLS)

Prop Type: Residential	County: BERGEN
Area: RAMSEY, NJ	Status: S
Year 1: 2010	Year 2: 2011

	Number of Sold Listings	Dollar Volume of Sold Listings	Average Sold Price
	2010	2011	Diff	%Chg	2010	2011	Diff	%Chg	2010	2011	Diff	%Chg
January	7	8	1	14	$4,029,990	$5,045,000	1,015,010	25	$575,713	$630,625	54,912	10
February	5	5	0	0	$3,011,800	$2,898,000	-113,800	-4	$602,360	$579,600	-22,760	-4
March	6	9	3	50	$3,192,500	$4,632,000	1,439,500	45	$532,083	$514,667	-17,417	-3
April	6	7	1	17	$2,808,000	$4,852,500	2,044,500	73	$468,000	$693,214	225,214	48
May	7	3	-4	-57	$3,759,400	$2,244,000	-1,515,400	-40	$537,057	$748,000	210,943	39
June	21	17	-4	-19	$12,318,850	$9,982,500	-2,336,350	-19	$586,612	$587,206	594	0
July	14	11	-3	-21	$8,076,000	$5,835,500	-2,240,500	-28	$576,857	$530,500	-46,357	-8
August	6	10	4	67	$4,280,000	$6,591,000	2,311,000	54	$713,333	$659,100	-54,233	-8
September	12	12	0	0	$7,572,000	$7,331,500	-240,500	-3	$631,000	$610,958	-20,042	-3
October	4	5	1	25	$1,725,000	$2,712,500	987,500	57	$431,250	$542,500	111,250	26
November	6	8	2	33	$3,028,500	$4,265,000	1,236,500	41	$504,750	$533,125	28,375	6
December	11	13	2	18	$6,219,500	$8,085,140	1,865,640	30	$565,409	$621,934	56,525	10
Total	105	108	3	3	$60,021,540	$64,474,640	4,453,100	7	$571,634	$596,987	$25,354	4

2010 Total Sold: 105
2011 Total Sold: 108
3% Change

2010 Average DOM: 74.5
2011 Average DOM: 85.7
15% Change


2010 Total $ Sold: $60,021,540
2011 Total $ Sold: $64,474,640
7% Change


2010 Average Sold Price:$571,634
2011 Average Sold Price: $596,987
4% Change

Ramsey NJ Condo Review - 2011 In A Nutshell

This review has all the stats for 2011 in the condo & townhouse category.

SOLD 44

AVERAGE PRICE (of units sold) $378,528

% Change vs 2010 5.9%

LISTED 121

UNDER CONTRACT 67

BACK ON MARKET 15

WITHDRAWN 35

EXPIRED 35

CURRENTLY ACTIVE 45

ABSORPTION RATE 3.67

MONTHS of INVENTORY 12.25

LIQUIDITY 52%

(click above links for detailed explanations)

Click for RAMSEY NJ CONDOS FOR SALE

Listing Status	Total	Total List/Sale Dollars	Average List Price	Average Sold Price	Median Sold Price	Sale Price/ List Price*	Avg DOM
Sold	44	$ 16,655,214	$ 390,938	$ 378,528	$ 319,000	96.826	114
Co-Broker	32	$ 11,554,865	$ 373,695	$ 361,090	$ 313,000	96.627	105
List/Sold	12	$ 5,100,349	$ 436,921	$ 425,029	$ 382,500	97.278	139
New	121	$ 51,129,849	$ 422,561
Under Contract	67	$ 27,441,857	$ 409,580				115
Withdrawn	35	$ 13,203,100	$ 377,231				129
Expired	35	$ 11,633,288	$ 332,380				223
Back on Market	15	$ 5,596,760	$ 373,117				137
Extended	44	$ 20,665,779	$ 469,677				206
Current Active	45	$ 17,817,286	$ 395,940

Information deemed reliable but not guaranteed. 1/25/2012 New Jersey MLS, Inc.

If you or someone you know is thinking about selling a home in Ramsey NJ, don't miss the tech-savvy JERSEY CONDO SCENE maximum exposure marketing system. Enjoy the intro to the

"Pearls of Wisdom for Home Sellers" video.

Call today to receive the entire FREE presentation!

I'm Brian Morgenweck, Broker/Owner of Power Realty Group.

I'm here to help you reach your real estate goals.

Call today! (201) 489-3020

Compare Ramsey to county-wide stats!

See Bergen County NJ Real Estate - 2011 Condo Review

Ramsey NJ Condo Review - 2011 In A Nutshell