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Home Allendale Market Statistics - End of Septe...

Allendale Market Statistics - End of September 2011

Here are the statistics from the New Jersey MLS system for Allendale single family residence for period 9/1/2011 - 9/30/2011.

Listing Status

Total

Total List

/Sale Dollars

Average List
Price

Average

Sold
Price

Sale Price/
List Price*

Sold

4

$ 2,777,500

$ 719,000

$ 694,375

96.575

New

8

$ 5,088,800

$ 636,100

Under Contract

1

$ 549,900

$ 549,900

Withdrawn

3

$ 2,027,000

$ 675,667

Expired

7

$ 5,796,000

$ 828,000

Current Active

37

$ 29,198,004

$ 789,135

The expected decrease in sales for September has proven correct as sold homes dropped from 7 to 4 while the under contract homes also dropped from 7 to 1. Most people usually try to get into a home prior to the school year starting. The average sold price rose to $694,375 a $18,000 increase while the list to sales price came back to a more normal 96% compared to the abnormal 91% in August.

The best news in the real estate industry right now is the ability to get a low mortgage rate. If your credit scores are good, 30 year fixed rates are hovering around the 4% mark. Let me know if you need a referal to a good mortgage representative.

Do you have any questions about Allendale or Allendale Real Estate? Need to know the value of your home?

Contact me anytime for a free consultation:
Your Allendale Home Town Expert - 45 year resident.

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

Posted Monday Oct 03