River Vale New Jersey Home Sales | December 2011' Single Family Homes

River Vale New Jersey Home Sales | December 2011' Single Family Homes

River Vale New Jersey saw Nine home closing in the popular town as the Holidays rolled in and the 2011' real estate market came to a close. The list to sale price differential hovered around the 90% mark. This indicates that homes are both being priced on the slightly higher end and selling within 10% of their asking price. The popularity of this town is still going strong as ever. The average Sold price was $563,944 (up from last month) for the upscale town of River Vale NJ. The homes that sold was a 3 Bedroom Ranch that sold for $389,000 and a 4 Bedroom Split Level that sold for $582,000.

River Vale NJ is amongst the 8 Pascack Valley towns of Bergen County New Jersey and it's lush park-like character has prompted it to be known as the "Garden Spot" of the Pascack Valley. This small tight knit community is constantly changing to keep up with the times while maintaining that very desirable small town feel.

The price differential for December is around 10% which is much lower than the previous month. The average days on the market was 99 for the month of December indicating that the Pascack Valley area market continues to hold it's own in this volatile market.

With interest rates the lowest they have ever been hovering at 4%, we think Buyers can take advantage of some really wonderful opportunities to own their piece of

Small Town America in this special town known for it's suburban green lawns a plenty!

Residents can take advantage of the many amenities offered by this Pascack Valley town such as the popular River Vale Farmer's Market which continues to be available during the Winter months by order and pick up your specialty foods the 3rd Saturday of each month. As the Holidays take off, the township offers community events such as the Tree Lighting for Christmas and the Menorah for Hanukkah.

River Vale New Jersey Home Sales | December 2011' Single Family Homes

Total Homes Sold..........................9

Average List Price...............$627,078

Average Sold Price............ $563,944

Median Sold Price..............$660,000

Sale/List Price....................... 89.932 ( 10-11% differential)

Average Days On Market .......................... 99

There are currently 44 Actively Listed homes in the town of River Vale with an average List Price of $698,827. When comparing the average sold price of $563,944 to this month's average list price, we must assume that the market is still in a downward trend. But one must keep in mind that the Average Sold price is for smaller modest homes in the lower price ranges on up to the larger homes at a higher price range.

River Vale NJ 2011' Home Sales Roundup

Total Homes Sold ........................................... 63

Average Sold Price .......................... $632,431

Actively listed River Vale NJ Homes For Sale range from a 1960's 4 Bedroom Colonial style home for $389,000 up to a New 6 Bedroom Manor Style home for $1,298,950. There are ultimately homes available for every budget.

Interested in last month's report? Click here to see that River Vale NJ Market Report.

Click here to view ALL River Vale Local Listings

Click on the links below to view some scenes of the picturesque Pascack Valley towns of Bergen County New Jersey.

EMERSON

HILLSDALE

RIVER VALE

WESTWOOD

PARK RIDGE

MONTVALE

WOODCLIFF LAKE

WASHINGTON TOWNSHIP

PASCACK VALLEY SPRING SHOW

PASCACK VALLEY SUMMER SHOW

PASCACK VALLEY FALL SHOW

PASCACK VALLEY HOLIDAY SHOW

River Vale New Jersey Home Sales | December 2011' Single Family Homes