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 price (FLP). This reflects a (5.07%) difference between property sale prices and their *FLP's. |
TOP PRODUCER 2007 Top Ten Agent '04,'05,'06,'07 Multi-Million Dollar Club '04,'05,'06,'07 ** MOST Listings SOLD 2007**
OPEN HOUSE //November 16 --- Merritt Drive, Oradell, NJ
2 DAY SALE --- October 26 & 27 --- REAL ESTATE MARKETING INNOVATION
How NOT to SELL Your HOME...TOP TEN LIST
See it for yourself! TOUR - Fabulous Ringwood, NJ Home - 10/10/08 TOUR
STONE FENCE Road, Oakland, New Jersey --- OPEN HOUSE --- Sept 7
MOTIVATED SELLERS --- OPEN HOUSE --- Sunday, Sept 7 --- RINGWOOD, NJ
NEW AGGRESSIVE PRICING /// Ringwood, New Jersey over 4 Acres
Real Estate Market Snapshot - CONDOS/TOWNHOMES - Mahwah, Summer'08
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