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Franklin Lakes, NJ

Franklin Lakes New Manor Home for Sale

Richard Stabile Bergen County New Homes Builder Realtor : Real Estate Agent in Woodcliff Lake, NJ

Franklin Lakes new manor home, over 12,000 square feet of living space. Custom hand made kitchen and vanities, detailed trim, home theater, stand out finishes. Brick and pre-cast exterior, with exquisite detail. An amazing home offered at $3,850,000.


See more of our new homes for sale at

Bergen County Real Estate

Franklin Lakes Real Estate New Homes

Richard

REMAX Real Estate Associates-Richard Stabile- Realtor-Builder-Developer 201 573 8811 ext 331 Northern New Jersey's Number 1 new home seller !

Buying or Selling in today's challenging markets, go with the experience and knowledge.
Talk to me, you will know your making the right choice. 30 years - over 1000 sales!

copyright 2008-2009 bergencountynewhomes.com, all rights reserved

Franklin Lakes Home Sales Report 2008

Richard Stabile Bergen County New Homes Builder Realtor : Real Estate Agent in Woodcliff Lake, NJ

Franklin Lakes real estate, Bergen County New Jersey Home sales report for 2008. Franklin Lakes showed one of the larger unit volume declines of 60% from the high year of 2004. However, there was only a decline of 15.11% for median home sale price from the prior year which was the high year for median price. Data source is the New Jersey Multiple Listing Service.

Hopefully, we are see a bottom forming in this market now. For about 6 months or more Jumbo loans have been next to impossible. Loans to $1,000,000 were available from savings and loans, but the larger jumbo's were tough. Now we can get loans with lesser spreads for 30 year fixed you to $4,000,000. Franklin lakes has many high priced homes, which need jumbo loans in many cases.

Click on grapgh below for full report with charts and analytics.

Franklin Lakes Home Sales Unit Volume

View Franklin Lakes New homes for sale

View My new homes for sale and other real estate

View all IDX listings for Franklin lakes real estate from NJMLS-GSMLS

Richard

Information and data is believed to be true but not guaranteed

2007 vs 2008 - SALEs and PRICES for Franklin Lakes, NJ

Pamela STETSON: Real Estate Agent in Mahwah, NJ

The more I research data the more details become evident --- Here is how it looks for Franklin Lakes , New Jersey. No town in Bergen County has been unaffected.

As info --- Sales are down 37 % and pricing in Franklin Lakes is down 7%.

*** This information is based on researched information from the NJMLS.

Real Estate Snapshot / Franklin Lakes, NJ - Homes

Pamela STETSON: Real Estate Agent in Mahwah, NJ

There is a lot going on in Real Estate today --- and you can tell by my recent Real Estate Snapshots by town --- real estate is truly local. Numbers are different on a town by town basis as far as average asking price. Days on market is different on a town by town basis and the differences between sale price and asking price as far as percentage is different on a town by town basis. You've got to look at the numbers!

Location and pricing are key to fast sales in this ( or any other market )

*** Data taken on 04/29/2008 from the NJMLS of single family homes either under contract ( 6 months ) or sold (6months). ***

Status#AverageMinimumMaximumAvg DOM
Active :99$1,932,596$558,000$5,999,000124
Under Contract :18$2,276,694$599,000$9,888,000188
Sold :33$1,511,833$515,000$6,900,000213
Total Listings:150 Sold properties closed averaging (92.08%) of their final list price (FLP). This reflects a (7.92%) difference between property sale prices and their *FLP's.

All information is from the NJMLS and is deemed reliable but not guaranteed.

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Thinking of buying or selling your home in FRANKLIN LAKES, New Jersey?

Let me help you. Know the sales value of your new home and your new neighborhood * based on actual market comps. Allow me to present a Comparative Market Analysis to you that is customized to your home, finances and your specific needs. This will give you detailed information about pricing and selling your home in the current market or BUYING your home in your new neighborhood.

For more information about buying or selling your largest financial asset, contact me at CupaT@aol.com.

Copyright - Pamela Stetson 2008, http://www.pamelastetson.com/

Real Estate Market Snapshot: Franklin Lakes, New Jersey

Pamela STETSON: Real Estate Agent in Mahwah, NJ

Okay, call me cra-zy... but crunching a few market stats this morning is great food for thought for the real estate market in 2008 --- in New Jersey --- anyway. It is also a great way to PLAN your marketing strategy for 2008 as well as the marketing plan for your sellers or buyers.

Now, I am not a numbers addict, per say.... BUT, that said ....our success is really in the data. And, to quote a very good friend of mine - Linda Dulye, president of L.M.Dulye & Co., "The old axiom is ‘you get what you measure,'" and she always goes on to say, "If that's so, then if you're measuring nothing, that's exactly what you can expect to get." --- I am sure she is grinning from ear-to-ear because she loves when someone else catches the DATA fever.

Without data, you forfeit the ability to:

• assess performance

• determine priorities

• set goals

• develop relevant strategies

• make informed decisions

• be accountable

IMPROVE PERFORMANCE!!!

Most importantly --- data helps you know your market, your business and helps you help your buyers and sellers particularly in this type of market.

Now all of that....leads me to the information below on Franklin Lakes. Over the last 6 months over 88 homes have SOLD in Franklin Lakes for an average sales price of $ 1,569,519 with an average days on market of 195 days. Again, similar to SADDLE RIVER, homes in the multi-million dollar range take longer to sell than those under the million dollar mark BUT priced well they sell and if they are of a perceived value....they sell.

*** Data taken on 1/25/08 from the NJMLS of single family homes either under contract ( 3 months ) or sold (6months). ***

Status#AverageMinimumMaximumAvg DOM
Under Contract :9$1,476,100$599,000$3,299,000219
Sold :79$1,569,519$510,000$7,300,000195
Total Listings:88 Sold properties closed averaging (92.84%) of their final list price (FLP). This reflects a (7.16%) difference between property sale prices and their *FLP's.
Amount
Average Price Sold Comps:

$1,569,519

For more information about the Borough of Franklin Lakes, New Jersey click : www.franklinlakes.org .

For more information about using Data for your company or your business contact : www.lmdulye.com

AND TELL HER... that Pamela Stetson sent you... ;)

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Thinking of buying in FRANKLIN LAKES or Bergen County, New Jersey? Let me help you. Know the sales value of your new home and your new neighborhood * based on actual market comps. Allow me to present a Comparative Market Analysis to you that is customized to your home, finances and your specific needs. This will give you detailed information about pricing and selling your home in the current market or BUYING your home in your new neighborhood.

For more information about buying or selling your largest financial asset, contact me at CupaT@aol.com.

Copyright - Pamela Stetson 2008, http://www.pamelastetson.com/ .