Real Estate Market Snapshot - The Numbers - Ringwood, New Jersey

One of my favorite areas in New Jersey is the town of Ringwood. I spent my early childhood there and have very fond memories of learning to swim in Cupsaw Lake ( my mom held the record for swimming the length of the lake for many, many years ).

My grandparents owned a real estate brokerage there on Carltondale Road and I grew up sitting at the typewriter banging on the keys....and literally, messing up my Be-bops ( my pet name for my grandfather ) key board. Not the keyboard on the typewriter....he had a key board with all the listing keys hanging from cup hooks. Then, the lakes were a sleepy summer community filled with summer rentals. Ahhh.... the memories of running barefoot, drinking fanta orange soda from icy cold glass bottles and the jingling of keys....

Here are the current stats for the area based on number gleened from the NJMLS.

Status

Average

Minimum

Maximum

Avg DOM

Active

$490,940

$239,888

$1,495,000

Under Contract

$397,601

$239,900

$749,000

Sold

$388,914

$215,000

$700,000

Total Listings

148

Sold properties closed averaging (96.34%) of their final list price (FLP). This reflects a (3.66%) difference between property sale prices and their *FLP's.

Look for a FABULOUS new listing coming soon in RINGWOOD....

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Thinking of buying or selling your home in Cupsaw or Erskine Lake, New Jersey?

Let me help you. Know the sales value of your new home and your new neighborhood * based on actual market comps. Allow me to present a Comparative Market Analysis to you that is customized to your home, finances and your specific needs. This will give you detailed information about pricing and selling your home in the current market or BUYING your home in your new neighborhood.

For more information about buying or selling your largest financial asset, contact me at CupaT@aol.com.

All information is deemed reliable but not guaranteed.