River Vale New Jersey Real Estate | December 2011 Single Family Homes Sold Report

River Vale New Jersey Real Estate | December 2011 Single Family Homes Sold Report

River Vale New Jersey saw Five home closed in this popular town as the Holiday Season kicks off. The average Sold price was $383,200 (down significantly from last month) for the upscale town of River Vale NJ.

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 12%. The average days on the market was 78 for the month of December indicating that the Pascack Valley area market has continued to slow down for the holiday season in this volatile market.

With interest rates the lowest they have ever been hovering at 4% or even below, 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!

River Vale New Jersey Real Estate | December 2011 Single Family Homes Sold Report

Total Homes Sold..........................5

Average List Price...............$430,360

Average Sold Price............ $383,200

Median Sold Price..............$375,000

Sale/List Price....................... 89.042( 11-12% differential)

Average Days On Market .......................... 78

River Vale New Jersey Real Estate | December 2011 Single Family Homes Sold Report

There are currently 46 Actively Listed homes in the town of River Vale with an average List Price of $475,979. When comparing the average sold price of $383.200 to this month's average list price, we must assume that the market is still in a sharp 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 in the million dollar plus price range.

Actively listed River Vale NJ Homes For Sale range from a 1960's 4 Bedroom Center Hall Colonial style home for $389,000 up to a new construction 6 Bedroom Colonial Manor to be built 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