​​​​Woodcliff Lake Reservoir in Northern Bergen County New Jersey. The Train Station Clock, the North Causeway and the Lake. The lake is bordered by Hillsdale, Park Ridge and Woodcliff Lake. See more video's of the lake at ​​​​​Woodcliff Lake Places.
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All Nature's beauty, with many faces.

Richard

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Old Tappan, Bergen County New Jersey sales analysis shows median price decline in the 12% range from the top year. Average price declines are nominal for NJMLS data of all broker sales and highest ever in 2008 for Bergen County Data of all residential and condominium sales. Old Tappan housing growth has been considerable more expensive houses which have held up the average price category. You may view charts and analysis of Old Tappan real estate sales.

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A five year analysis of sales in Woodcliff Lake, Bergen County New Jersey, shows real estate sales prices to be down on yearly average of 15.77%. Median sales prices from the high year has declined 15.67%.

Northern Bergen County New Jersey, had experienced large increases in real estate prices thru 2006. However, It did not get the same kind of speculation as other areas of the country. Many home buyers in Northern Bergen are second and third time buyers. Many of the purchases had substantial down payments. This differentiated the quantity of the listings that have come to market to be substantiallyless then many other areas of the county. Some towns, such as Woodcliff lake, have very little developable property. This lessened the speculation and over building.

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Richard

River Vale Real Estate Sales

To study the data for River Vale New Jersey for sale from 2005 to Oct. 2008, it is astonishing to see that the average sales price is only off about 10% from the average high prices. Two comparisons were used, Residential/Condo closed sales data from Bergen County filings and Residential only, NJMLS all Broker sales data. The graphs demonstrate the comparisons of sales, average price and units sold. There may be a few commercial sales mixed in the county data, I removed many from the data to try to make it residential/condo property only.

With 30 years of doing technical market analysis for stocks and commodities, I have a feel for data slippage when using averages. I have estimated true high to current low to be about 14-16%. This is due to using yearly averages.

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Richard

River Vale New Jersey, closed sales as reported to Bergen County, for the first 9 months of 2008 vs 2007 same period.

2007 2008 percent change

Units sold 90 82 -8.9%

Total sales Volume $57,303,100 $49,923,883 -12.9%

Average sales price $636,701.11 $608,827.84 -9.6%

This data includes sales sold privately and by Brokers.

Edited to exclude sales transferred with minimal or no compensation.

*not responsible for errors and omissions.

View more information for individual sales data for River Vale.

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