New Jersey

River Vale New Jersey Market Reports for October 2009

Below is a representation of our current market trends here in River Vale New Jersey.

I think these graphs are pretty terrific and basically tell you the full scope of our current market here.

First the past 13 Months:

Below is our graph for the the month of October 2009:

Below is a graph depicting the the market going back to October of 2007:

River Vale NJ Real Estate Report|October 09' Single Family Home Sales saw Five homes closing in the popular town of River Vale in the month of Octoberas the holidays roll in. The 2009 Fall Real Estate market has officially begun. With interest rates low and the First Time Home-Buyer Credit extension, qualified Buyers can take advantage of some wonderful opportunities to own a piece of Small Town America! There's no place like A New River Vale Home!

The small town of River Vale was named amongst the top 100 best towns to live in CNN Money Magazine once again! Click on the link below to read all about it.

The town of River Vale is constantly changing to keep up with the times while maintaining that desirable small town feel. Residents can take advantage of the many amenities offered by this Pascack Valley town. The town Library is being renovated to provide residents with an extra special place to read and learn.

River Vale, New Jersey October 09' Real Estate Market Activity:

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

Average List Price..............$ 618,370

Average Sold Price.............$ 585,600

Median Sold Price.............$ 510,000

Sale/List Price....................... 94.701 (5-6% differential)

Sold information was taken from the NJ Multiple Listing Service and does not include privately sold homes. All information is deemed reliable.

There are currently 45 Actively Listed homes in the town of River Vale with an average List Price of $788,546. There are some fantastic opportunities in this popular town with prices for every budget.

Click here to view all River Vale Local Listings

Click below to view the River Vale Town Newsletter

For more information on Listings in the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisaat (201)218-6802, or visit us online at www.HammersTeam.com your Pascack Valley Real Estate Resource at "Your Service"! It's a great time to "Buy A Home" in the Pascack Valley. We're keeping an eye on the real estate market for you....

Click on the links below to view some scenes of the picturesque Pascack Valley towns.

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

Leander McClain's Shrimp with Garlic Sauce

If you know me, you know that I love food and I love to cook.  Here is a great recipe that I made up one day.  It turned out pretty good, so I decided to share it. 

5-7 cloves garlic diced

½ -1 large onion diced small

1 small carrot shredded

1/8 green pepper dice small

2 tbs olive oil

1-2 stalks celery diced small

2 heaping tbs flour

2 cups water

seasoned salt

pepper

 •1-1   ½ pounds of  shrimp

 Mix flour in 1 cup of water and reserve (put on the side for later use)

 Sprinkle 1 ½ tsp season  salt & ½ tsp pepper on the diced onions

Heat oil in a stir fry pan.

Add onions, carrots, green peppers and celery.  Stir fry until onions are wilted.

Add Garlic  and sauté for approx 1 ½ minutes.  Careful not to burn the garlic.

 Add shrimp and water with flour.  Add additional cup of water. 

 Simmer until thick as desired.  Taste and adjust seasoning (add more salt & pepper if you like).

 If not enough sauce, adjust recipe to include more of the water flour mixture.

 

Bon Appetite

Have a Great Day

Make This YOUR Best Year Ever

Leander McClain, Burlington /Camden County, NJ Realtor & Real Estate Consultant, Keller Williams Realty, 1814 Route 70 E Cherry Hill, NJ 08003 856-685-1677 Direct

Search NJ & PA Home Listings @ www.NJSouthRealEstate.com

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Weichert has begun its 31^st Annual Holiday Toy Drive and my Hamburg NJ real estate office is delighted to be participating. From now through December 11, we'll be accepting new, unwrapped toys or gift cards to be distributed to needy children within the local Sussex County community. (We regret that we are not able to distribute toys to individual families but do refer them to the different charities, who might be able to include them among recipients.)

For toys left at the Hamburg real estate office, they will be distributed to Sussex County NJ children by several charitable organizations.

In 2008, good-hearted folks dropped off more than 700 items in my office alone! That is a lot of joy destined for the less fortunate in our neighborhoods.

Almost all who bring in gifts say times are tight but that they know things are tougher on others. Some children take one item off their own wish list and donate it to the less fortunate.

"Let's give them a holiday to remember" is Weichert's slogan for the 31^st Holiday Toy Drive - and one that inspires me to be even more giving this year.

Remember that toys should be dropped off:

New

Not wrapped

Through December 11.

Copyright © 2009, Irene Kennedy, all rights reserved. This blog post represents Irene's personal musings.

Considering selling a home or looking to buy one around Sussex County NJ? Benefit from creative marketing, top negotiating skills and vast real estate knowledge by contacting Irene via the data to the right.

Irene Kennedy, who is a NJ real estate agent with Weichert, Realtors, lives in Sussex County & works from the Hamburg office. Her primary market includes: Augusta, Branchville, Crystal Springs, Frankford, Franklin, Hamburg, Hampton, Hardyston, Highland Lakes, Lake Mohawk, Newton, Ogdensburg, Scenic Lakes, Sparta, Stockholm, Sussex, Vernon, Wantage.

Some states have specific legislation that requires homeowner associations to have and follow a 30 year repair and replacement plan known as a "reserve study". It is the kind of plan that all HOA boards should follow even if no law exists since that's what good businesses do: plan ahead. Failure to plan for these expensive events inevitably leads to inadequate maintenance, declining property values and dreaded special assessments.

But there are now several new twists that make the idea of a reserve study even more compelling. In most states, HOA boards are allowed to set the level of reserve funding (how much money is set aside each year to address future costs). The fairest approach is the 100% funding model which requires all members along the 30 year time line to contribute a fair share of future costs. However, some boards have for political reasons put less in reserves (sometimes much less) to placate current owners that want to the obligation paid by future owners who have no say in the matter (sound familiar).

Now enters several new 600 pound influences into the reserve funding debate. In December 2007, Fannie Mae and Freddie Mac (the entities that have in past years underwritten most condominium mortgage loans) enacted the following requirements for condominiums where their loans were made being proposed:

1. The condominium is required to have a reserve study.

2. At least 10% of the annual budget must be put into reserves.

FHA (the government agency that insures low down payment loans which have become a huge part of the current mortgage market) is proposing to establish even stricter requirements for condominiums including:

1. Developer controlled condominium reserve funds are required to 100% funded.
2. After developer turnover condominiums are required to be at least 60% funded.

Since Fannie Mae, Freddie Mac and FHA are the 600 pound gorillas in the current condo mortgage market, this means is that if your condominium does not 1.) have a reserve study and 2.) maintain the indicated level of reserve funds, these entities will not underwrite your buyer's or your refinance loan. Folks, this is HUGE.

Condominiums that have an underfunded reserve study need to take decisive action to comply or risk losing vital lending sources. Condominiums that have no reserve study need one as soon as possible and to fund it to indicated levels.

For more innovative homeowner association management strategies, subscribe to Regenesis.net.

Paul Stillwaggon, For All Your Real Estate Needs Contact New Jersey Estates Real Estate Group E-mail: njestates@gmail.com Web: http://www.newjerseyestates.net 908-561-5492 (Paul S) 908-310-1358 (Cell)

NJ Estates Real Estate Group Weichert Realtors 908-561-5492 55 Stirling Road, Watchung, N.J. 07069

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Paul Stillwaggon, For All Your Real Estate Needs Contact New Jersey Estates Real Estate Group E-mail: njestates@gmail.com Web: http://www.newjerseyestates.net 908-561-5492 (Paul S) 908-310-1358 (Cell)

NJ Estates Real Estate Group Weichert Realtors 908-561-5492 55 Stirling Road, Watchung, N.J. 07069

Equal Housing Opportunity

Current Listings Info
Luxury New Homes
Custom Build A New Home
Land & Building Lots
New Jersey Estates
All New Jersey Homes
Real Estate Listings Blogs
Real Estate Info Blogs
Open Houses & Directions
Our Testimonial Letters
Going Green/ Complete Info