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| Previous Newsletters: February 2009January 2009December 2008November 2008October 2008September 2008August 2008July 2008June 2008May 2008April 2008March 2008February 2008January 2008December 2007November 2007October 2007September 2007August 2007July 2007June 2007May 2007April 2007March 2007February 2007January 2007December 2006November 2006October 2006September 2006August 2006July 2006June 2006May 2006April 2006March 2006February 2006January 2006December 2005November 2005October 2005September 2005August 2005July 2005June 2005May 2005April 2005March 2005February 2005January 2005December 2004November 2004October 2004September 2004August 2004July 2004June 2004May 2004April 2004March 2004February 2004January 2004December 2003November 2003October 2003September 2003August 2003July 2003June 2003May 2003April 2003March 2003February 2003January 2003December 2002November 2002October 2002September 2002August 2002July 2002June 2002May 2002April 2002March 2002February 2002January 2002December 2001November 2001October 2001September 2001August 2001July 2001June 2001May 2001April 2001March 2001February 2001January 2001December 2000November 2000October 2000September 2000August 2000July 2000June 2000May 2000April 2000March 2000February 2000January 2000December 1999November 1999October 1999September 1999August 1999July 1999June 1999May 1999April 1999March 1999February 1999January 1999December 1998 |
In the Pascack Valley there has been a great deal of activity. There have many homes that have come on the market. A total of 77 ( My lucky number I might add) homes. Read on for the latest on what is happening in your area.....
Town: New homes on the market Homes under contract Homes Sold
Emerson 6 6 3
Hillsdale 11 6 1
Montvale 10 1 4
Park Ridge 9 4 3
River Vale 9 6 2
Washington Twp 13 6 3
Westwood 11 4 2
Woodcliff Lake 7 1 1
Current Active Listings
List Price Range
Number of Listings
Average DOM
$ 200,000 - $ 299,999
6
114
$ 300,000 - $ 399,999
24
132
$ 400,000 - $ 499,999
63
96
$ 500,000 - $ 599,999
58
86
$ 600,000 - $ 699,999
42
90
$ 700,000 - $ 799,999
26
102
$ 800,000 - $ 899,999
30
103
$ 900,000 - $ 999,999
19
137
$ 1,000,000 - $ 1,249,999
19
98
$ 1,250,000 - $ 1,499,999
10
146
$ 1,500,000 - $ 1,749,999
8
159
$ 1,750,000 - $ 1,999,999
5
202
$ 2,000,000 - $ 2,249,999
1
153
$ 2,250,000 - $ 2,499,999
1
7
The average price for the 312 (total listings) properties is $720,749
The highest price is $2,299,000
The Lowest price is $249,900
The average market time is 105
Sold Listings
Sold Price Range
Number of Listings
Average DOM
$ 200,000 - $ 299,999
1
126
$ 300,000 - $ 399,999
4
93
$ 400,000 - $ 499,999
4
110
$ 500,000 - $ 599,999
2
129
$ 600,000 - $ 699,999
2
53
$ 700,000 - $ 799,999
4
136
$ 900,000 - $ 999,999
2
104
The average price for the 19 (total listings) properties is $559,284
The highest price is $960,000
The Lowest price is $265,000
The average market time is 108
Under Contract Listings
List Price Range
Number of Listings
Average DOM
$ 100,000 - $ 199,999
1
129
$ 200,000 - $ 299,999
1
44
$ 300,000 - $ 399,999
9
101
$ 400,000 - $ 499,999
9
163
$ 500,000 - $ 599,999
6
101
$ 600,000 - $ 699,999
3
78
$ 700,000 - $ 799,999
3
99
$ 800,000 - $ 899,999
3
65
$ 900,000 - $ 999,999
1
162
$ 1,000,000 - $ 1,249,999
1
73
The average price for the 37 (total listings) properties is $544,346
The highest price is $1,099,000
The Lowest price is $160,000
The average market time is 111
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NOW IS THE TIME TO BUY...WITH MORTGAGE RATES AS LOW AS THEY ARE, FIND OUT HOW YOU CAN TAKE ADVANTAGE OF THE LOW PRICES OF HOMES, AND THESE INTEREST RATES. |
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MORTGAGE RATE UPDATE
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The projected longer term good news about this for 2009 is the pick up in activity for home buying. The Federal Reserve this month, opened their checkbook for the first time on its promised shopping spree for buying mortgage-backed securities. The Fed plans to buy up to a half-trillion dollars' worth of mortgage-backed securities in the first half of 2009. When you heard all the hype about 4.5% interest rates, this is one of the reasons for the hype. Think of the Fed as an extremely deep-pocketed bank, competing with other banks to provide money for mortgages. When banks compete, you win: Rates go lower, and when rates go lower, it will stimulate buying.
Will they hit 4.5%......no one knows. We have spiked as low as 4.75%, but only for brief moments. I am now like a "Day Trader", watching mortgage rates on my ticker at the bottom of my screen, trying to catch the lowest rates for my clients.
In addition to the low rates, President-Elect Obama's new stimulus package will reportedly be worth $775 Billion and will include hundreds of Billions of dollars worth of tax breaks and credits for individuals and businesses.
This is all good news for the economy and should help with consumer confidence over time and stimulate home buying.
Our mortgage company is now the #4 residential lender in the nation. Our rates are some of the best in the industry . If your clients are not checking with us, it may be costing them money. Attached are some fliers you can use at your open houses or in buyer packets to remind buyers that Money is plentiful here at Coldwell Banker Home Loans. |
Coldwell Banker Home Loans Mortgage Interest Rates*
Rates as of 01/16/09
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Loans to $417,000
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Loans from $417k to $626,500k |
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30 Year Fixed |
5.125% |
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5.125% |
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15 Year Fixed |
4.99% |
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*Rates are subject to change due to market fluctuations and borrower's eligiblilty
Tamara M. Lambert
Mortgage Partner
Coldwell Banker Home Loans
(201) 213-1511
http://tammylambert.coldwellbankerhomeloans.com
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It's a Sunday afternoon, and after passing by the newly constructed building on Old Tappan Road for the 100th time, and hearing a bit of Dino's Cucina, we decide to give it a try.
One of the owner's Frank Molitisanti greeted us as we entered. A very welcoming atmosphere, with soft lighting, and a wall of wine and liquors that wrap around from one end to the other. He offered us a drink, and why not. I had a Merlot, and my husband had a bacari and soda. We waited for the Pizza as we chatted about the business. When we passed by Saturday night, it was packed, and not a table available. At the back of the restaurant is a stone wall where the brick oven is located, and the chef is preparing the dough, and making the homemade bread for the sandwiches. We ordered a simple Margharita Pizza. They watched closely, as we cut a slice, and proceeded to take a bite. We looked at each other with such delight. This was the most amazing slice of pizza I have ever had! The dough was so fresh, with fresh basil, and fresh tomatoes. Bite after bite, Kevin, and I finished a whole pie. They brought us two sauces on the side. One was the marinara, and one was the pizza sauce. The marinara was so tasty, with an abundance of fresh basil, and Italian imported tomatoes, with a light seasoning of italian spices. Bite after bite, we finished the whole pie! The whole pie! We ordered another pie to bring home, and an eggplant parmesian on the homemade bread. Each piece of eggplant was thinly sliced, and layered with marinara, and mozzarella, and lightly breaded with a great deal of flavor.
As a resident, as well as a Real Estate Agent in Old Tappan, Westwood, Emerson, River Vale, Norwood, Northvale, Hillsdale, Montvale, and Park Ridge, this is a Restaurant that should go on your list for Top Restaurants in Northern Bergen County. Reasonably priced, fresh, and comfortable atmosphere.
Just ask for Frank or Chet. Tell em Paula Clark sent you!
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Top Agent in the Northern, and Pascack Valley, and All of Bergen County. with a team of professionals that cover all of your Real Estate needs. Getting maximum exposure for your home is what you can
Welcome to Bergen County NJ Real Estate
I have been a licensed Realtor in Bergen County, New Jersey for 14 years. I have lived in Bergen County, New Jersey for over 24 years. During the mid 1990s I was Fort Lee's Commissioner of Housing for 5 years. Married for 25 years with two children ages 23, and 19. I volunteer for many committees in my community. Currently, I am Chairperson of Old Tappan's Oak Tree Property Committee as well as the Old Tappan's Environmental Commission.
I have represented Buyers and Sellers of Residential Real Estate all over Bergen County. Because of my vast experience all over Bergen County, I bring Buyers and Sellers together for that perfect match from every where. I am a "Relocation Specialist" and a designated "Previews Specialist".
I am a full time professional agent, with a great deal of energy, enthusiasm. I take pride in my profession. Assisting my clients so they get to the closing table with ease is my highest priority. I care about my clients, and do everything to make sure each transaction goes as smoothly as possible.
I have a unique marketing strategy unlike any other Realtor. I have a great team that assist me in making my profession one that will service ALL of my clients. Coldwell Banker is the Number 1 Company in All of Bergen County. Not only have we consistently held the Top Market share in my area... We are also on the cutting edge in Internet marketing.
The Rapid Response system allows us to contact prospective buyers immediately. 80% of Buyers are searching for homes via the Internet. The Paula Clark Team will make your move smooth, and stress free. We are with you from start to finish. I work hard at being "Your Realtor for life"
Making Bergen County NJ Home
Bergen County NJ is located in the north eastern tip of New Jersey and is considered within the New York Metro area, making a commute into the city hassle free. Bergen County communities offer a quiet, quality of life that can't be found in the city. They are close-knit, family-oriented oases, protecting you from the hustle and bustle of 21st Century living.
Edgewater is located on the Hudson River in Bergen County, NJ and within the New York metro area. The population is approximately 9,600. The name derives from its location on the river. This charming, historic borough, part of New Jersey's "Gold Coast", has witnessed an unprecedented period of rapid commercial and residential development in recent years.
Harrington Park, with a population of approximately 4,700 was named for the Harring family of settlers. Harrington Park was given the prestigious honor of ranking 7th out of 566 New Jersey municipalities based on economy, cost of living, education, crime, culture and leisure. People who move into Harrington Park usually stay for life!
Hillsdale is a historic town with ample picturesque charm. Home to about 10,500 residents, the town has a sensitively restored downtown of Victorian buildings, cobble sidewalks, gas-lamp style streetlamps, an expansive green, and a pretty Victorian gazebo. The slate blue train station was built in 1869 and is now on both the National and New Jersey Registers of Historic Places; commuters to Manhattan appreciate the fact that they can get to work in less than 40 minutes. A Victorian clock tower presides over all and numerous raised flower beds only add to the overall appeal. Hillsdale was the subject of a 2004' article in the The New York Times, titled A Haven For Commuters with Families and features an excellent school system.
Old Tappan is home to about 5,500 residents, Old Tappan is a friendly community on the shores of beautiful Lake Tappan in northeast New Jersey. Ample parks, steadily appreciating real estate and excellent schools make this human-scale community an ideal place to bring up a family. The Delaware Indian word "Tuphanne" is where the name Tappan is derived from. It means cold water. Why it was named Old Tappan, no one knows, but it is believed that it was to distinguish it from Tappan, New York, of which Old Tappan was formerly a part.
Known as the "Garden Spot" of the Pascack Valley, lush River Vale is famous for its beautiful plantings and abundant trees, bushes, and flowers. Home to about 10,000 residents, River Vale is a tranquil residential town of quiet winding streets, ample parks, and historic homes. "Downtown" is Rivervale Road, a friendly main street that runs north/south through the center of the community. the township of River Vale was featured by Money Magazine as number 29 on their list of the Top 100 Places To Live In America!
Norwood is about 2 miles from the New York state line. Norwood's 2007 population is 6,277 with there being 2,324 residents per square mile density. The average household size is 2.86 persons with 2,070 households. The name Norwood emanated from the old description "North-Woods". The Lenni Lenape Indians roamed the land as evidenced by an occasional arrowhead dug up in a local garden. Norwood is till proud of their "North-Woods: and in 2006 the Mayor and Council entered into a Deed of Conservation Easement with the Meadowlands Conservation Trust to preserve 100+ acres of property in perpetuity as open space.
Westwood is known as the 'Hub" of the Pascack Valley area in the center of Bergen County Westwood has a trendy downtown Business District with Stores that are sure to appeal to everyone. The Pascack Valley Train line also stops in Westwood and NJ Transit Buses are also plentiful. Westwood schools are rated among the best in the country.
Upper Montvale is a community of diversity and contrast with lovely suburban neighborhoods and attractive campus-like corporations resulting from prudent planning. Its geographic location makes Montvale an ideal place to live and work. Upper Montvale is renowned for one of the finest educational systems in Bergen County, which is strongly supported by our residents and local government.
Woodcliff Lake is one of the most scenic towns in all of the Pascack Valley, deriving its name from the incredible body of water that inhabits the town, the Woodcliff Lake Reservior. It is a beautifully scenic borough, with lush woodlands, streams, secluded properties, and the jewel of Woodcliff Lake Reservoir at its center. Pascack Hills High School is recognized as the Top 10 schools of New Jersey.
Emerson is a community that typifies tradition. It is located in the heart of the Pascack Valley, with a picturesque train station at its center. A fine educational system includes public and private schools. Primarily residential, the town offers a large shopping center as well as many local specialty stores. People travel from near and far to dine at the local historic hotel.
Park Ridge is in the beautiful Pascack Valley section of Bergen County. It is known for it's excellent schools and wonderful accessibility to New York City. In the early 1900's, it established its own Electric and Water Companies that still service its residents today. Park Ridge is home to a growing corporate population while it still maintains its small town flavor. The historic "Bears Nest" area is being developed with luxurious townhouses, a major hotel and well designed corporate campuses. Richard Nixon was once an owner of one of the original Bear's Nest townhomes.
Buying a home in Bergen County NJ? Search all homes for sale and sign up for an automated Email Home Search. Moving from out of town? You'll find relocation information here.
Selling a home? I offer a FREE no-obligation Market Analysis.
Get the latest Bergen County news. For the most up-to-date information about Bergen County NJ, be sure to read my Blog.
When buying or selling a home, call Paula Clark, your Bergen County NJ real estate Expert!
201-930-3070 ■ RealtorPaula777@aol.com ■ www.PaulaClarkRealtor.com
"You are head and shoulders above in your field. I never knew the professionalism of Coldwell Banker until I began to work with you and your team. You are not only savvy and knowledgeable, but you are also kind and genuine. This combination made buying a home stress-free and pleasurable. Since we met, I have appreciated how clearly you listened to what I wanted then made it happen. You have been an invaluable representative every step of the way. You are a consummate professional." - H.R. Partis, Woodcliff Lake, NJ
"I'm not sure if I ever conveyed the way I feel but having you represent us has made this entire process with real estate brokers before we started to really do anything about choosing a new home. There are many fine points of our relationship that I am pleased to be able to share with anyone I know who is looking to sell or a buy a home [none of which I heard in the many responses about other people's experiences with realtors-which were mostly negative comments]. In a nutshell, your right-on-target advice of how to prepare to sell our home; persistent research and lightning response in helping us find a new home and the infinitely man small details of this process that you have helped us understand and address make it clear that you combine expert knowledge and experience with a genuine caring for your clients is exceptional. I can't thanks you enough, and I can't imagine having traveled this road with anyone else. You are truly the Princess of Sales!"- P. Doll, Hillsdale, NJ
"While driving by a house we liked that was currently on the market we saw Paula Clark listed as the selling agent, and by chance decided to give her a call. My siblings and I needed to choose a realtor to work closely with our family and help my mother sell her house of 40 plus years, as well as find a new home to purchase. What started out as a call by chance ended up being the beginning of a wonderful personal and professional relationship with Paula Clark. Paula worked hard for us from the start by assessing my mother's house, handling all the aspects of home selling, and made herself available to fill any request no matter how large or small. She is a true real estate professional willing to go the extra mile to make her clients happy, and also a kind, caring person who realizes that selling a home or buying a new one is a big milestone for anyone. We have been lucky to have her as our realtor." Tracey, Old Tappan, NJ
Paula: Thank you very much for the high level of service you have provided for me on the sale of my condominium. You went above and beyond my expectations, and I greatly appreciate all that you have done for me. You're an exceptional Real Estate Agent and I wish nothing but the best for you. S. Sellas, Mahwah, NJ
"Working with you is always a pleasure. We know that you go the extra mile to make your clients know they are in good hands. You have a strong knowledge of real estate market and we really enjoy working with you!"- Starr, River Vale, NJ
Thank you so much for being my "Guardian Angel." What you do for me is over and above the "Line of Duty" and you have no idea how much I appreciate it." Berg, Edgewater, NJ
"Thank you very much for your professional service in the sale of our Saddle River home. Your efforts went above and beyond, especially since I live a long distance from New Jersey. You constantly kept your eye on the ball, and your hands-on approach took care of every detail, big and small, to bring the property to closing. Real estate sales are measured in results, and your personal touch made the process smooth and reliable." Mancuso, Waltham, MA
Hi Paula; It is very satisfying to me knowing how diligent you have been to sell each of the five properties on Motiva's behalf. Your efforts have resulted with four to of the five already sold with the fifth one scheduled Friday. Thank you for all of the hard work and diligent efforts to market and sell these properties. Steve Santoro, Motiva Enterprises
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Talk about tax shelters. Your home likely provides more tax relief than any other acquisition, thanks, in part, to new federal laws designed to ease financial suffering in the recessionary economy. 
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