Oradell, NJ

	Call Jeana Cowie, your Bergen County REALTOR© Cell# 201-982-2200 Jeana Cowie, ABR, GRI, SRES January 2012 Over 600+ Homes SOLD. Paramus Real Estate Agent Specialist. Selling Bergen County Real Estate for 17+ years. Call Jeana Cowie today at cell 201-982-2200 Copyright © 2012 Realty Times All Rights Reserved. Homeownership Still The American Dream, Fuels Economy It's billed as the American Dream and yet for some it's been an all-time American nightmare. Still "the home is central to American life" writes the National Association of Homebuilders in its report titled: Homeownership Works, released earlier this year. Of course the report aims to show how housing is vital not just to homeowners but to the nation's growth. The publication looks at the contributions that homeownership make to the economy specifically through residential construction, remodeling, rental housing, and various other related aspects of the Mortgage Rates U.S. averages as of December 29, 2011: 30 yr. fixed: 3.95% 15 yr. fixed: 3.24% 1 yr. adj: 2.78% View current rates industry. The publication shows how homeownership is a vital thread that weaves together a nation. It points to research released earlier this year by Pew Research Center Study, showing that 81% of of adults agree "that buying a CONTINUED >>> Wondering What Your Bergen County Home Is Worth in Today's Market? Call me for a free, no obligation market analysis 201-982-2200. Thinking of buying a Bergen County home? Call or email me today Email: jmcowie@optonline.net Buyers: Making The Right Choice There are so many different homes to choose from during the buying process. How can you be sure to make the right choice? From condos, downtown neighborhoods, suburbs, and country homes, there's a perfect fit for every buyer. To make the best decision you need to be sure to really give time to your decision making process. Yes, your gut can take you in the right direction, but don't be one of the many buyers that falls prey to listening only to their hearts, ending up biting off more than they can chew. Some homes take more work than others. This goes double for older homes. The same can be said for many foreclosed houses. The price tag might be appealing or you might love the styling of the home, but keep in mind that much of a home's value is actually in its condition. This is why it is imperative to have an inspection done on any home you are considering buying. Additionally, you should have a clause in your contract that states if the inspection comes back CONTINUED >>> Housing Answer: Principal Reduction? Despite many programs to help underwater homeowners, the financial crisis continues and foreclosures loom throughout the country. Some experts say the housing answer is not just lowering interest rates but also actually reducing principal. In other words, these experts are encouraging banks to write down the principal and interest rates to current market value, which according to some experts would save homeowners $71 billion each year. CoreLogic reported that at the end of the second quarter 2011, underwater homeowners owed $709 billion on mortgages (much more than their homes were worth). Real estate expert, Tanya Marchiol, who has appeared on TV, in print, and on Sirius Satellite Radio, writes in a recently released report, "In 2010 the nation's top banks paid out twice that amount in bonuses and compensation ($146 billion)." Marchiol claims the savings to homeowners whose mortgages are upside down would create an economic boost to the econom -- creating jobs, reducing mortgage payments, helping investors–rather than the negative financial effects which ripple through the economy when a foreclosure occurs. Marchiol writes that, "investors would typically be better off if servicers would agree to loan modifications with principal CONTINUED >>> Mahwah, NJ home for sale Mahwah home for sale ~ $759,900 Kitchen Makeover Without Spending a Fortune If you're selling your home then you should know that one of the popular rooms that tops buyers' favorites list is the kitchen. So it makes sense to spend time, energy, and even a little money to make it shine. That thought can make some sellers cringe. The thought of spending money to fix up a kitchen in a home that they're about ready to sell is unpalatable. However, it could make the difference between a buyer making a higher offer or even any offer at all. Kitchen makeovers don't need to make your blood boil and break you out in a sweat, fearing the loss of money that will soon be drained from your bank account. You can tidy up your kitchen and even give it a fresh, stylish, updated look, on a frugal budget. Let me show you how. It starts with simple things. The kind of tasks you can CONTINUED >>> Daily News and Advice Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday. More Articles December Round Up: Rates Finish 2011 Near Historic Lows Choosing to Sell 15 Tips for Living Green Housing to Be Key Factor in 2012 Election Jeana Cowie, ABR, GRI, SRES, Broker Associate/REALTOR© E-mail: jmcowie@optonline.net Web: http://www.jeanacowie.net 201-982-2200 (cell) RE/MAX Real Estate Limited 201-599-1100 x 348 297 Kinderkamack Rd Oradell, NJ 07649 Equal Housing Opportunity

View the newsletter at:http://realtytimes.com/c/JeanaCowie

Oradell NJ Real Estate Review - 2011 In A Nutshell

This review has all the stats for 2011 in the single-family category.

SOLD 61

AVERAGE PRICE (of homes sold) $519,669

% CHANGE vs 2010 -10.2%

LISTED 108

UNDER CONTRACT 62

BACK ON MARKET 9

WITHDRAWN 44

EXPIRED 39

CURRENTLY ACTIVE 37

ABSORPTION RATE 5

MONTHS of ACTIVE INVENTORY 7.5

LIQUIDITY 66%

(click blue links for term explanations)

Click for ORADELL NJ HOMES FOR SALE

Listing Status	Total	Total List/Sale Dollars	Average List Price	Average Sold Price	Median Sold Price	Sale Price/ List Price*	Avg DOM
Sold	61	$ 31,699,786	$ 573,584	$ 519,669	$ 505,000	90.600	102
Co-Broker	49	$ 26,284,286	$ 592,137	$ 536,414	$ 530,000	90.590	108
List/Sold	12	$ 5,415,500	$ 497,825	$ 451,292	$ 413,750	90.653	78
New	108	$ 65,459,155	$ 606,103
Under Contract	62	$ 33,787,427	$ 544,959				106
Withdrawn	44	$ 30,632,092	$ 696,184				228
Expired	39	$ 31,234,950	$ 800,896				352
Back on Market	9	$ 5,252,717	$ 583,635				127
Extended	49	$ 27,136,100	$ 553,798				194
Current Active	37	$ 22,855,479	$ 617,716

Information deemed reliable but not guaranteed. 2012 New Jersey MLS, Inc.

If you or someone you know is thinking about selling a home in Oradell NJ, don't miss the tech-savvy JERSEY HOME SCENE maximum exposure marketing system. Enjoy the intro to the

"Pearls of Wisdom for Home Sellers" video.

Call today to receive the entire FREE presentation!

I'm Brian Morgenweck, Broker/Owner of Power Realty Group.

I'm here to help you reach your real estate goals.

Call today! (201) 489-3020

See how Oradell compares to county-wide stats!

click Bergen County NJ Real Estate - 2011 Single Family Review

Oradell NJ Real Estate Review - 2011 In A Nutshell

The 1st Question to Ask A Real Estate Agent Before Listing Your Home for Sale

Anyone who’s familiar with my blogs or has watched any of my videos has certainly heard me preach the following: As a Seller, you should do your homework BEFORE hiring an agent or broker to list (and market!) what is most likely your largest asset. I can’t emphasize this point enough… It’s just that important.

There are many things to be taken into consideration before signing a listing agreement. Make sure and explain your situation and your real estate goals to a prospective listing agent and be sure they actually LISTEN and UNDERSTAND what’s most important to you. After all, you’re the person(s) hiring them. It should send up a red flag if they use their one-mouth more than their two-ears right from the outset of the conversation.

An agent or broker cannot advise you, the seller, effectively unless and until they understand your goals. But hey, you may be able to save a good deal of time just by asking them a simple question, right up-front.

What’s the first, and possibly the most important, question you should ask a listing agent before listing your home for sale? In my opinion, here it is:

“Do you really believe that NOW is a great time to buy a home?”

Sounds like an odd question to ask a listing agent, right? …Stick with me for a moment.

In the current real estate market, there is an abundance of fear and confusion surrounding buyers and their decision (or non-decision) to buy a home. This fear and confusion has caused some paralysis in many markets. Buyers need the facts and they need to be reassured they’re making a wise decision about buying your home. It’s very important to hire an agent who understands that NOW is probably the best time in the history of American real estate to buy a home.

Not only must a listing agent understand the reasons for this, but they have to be able to articulate them in detail, yet simply. (As the saying goes: If you can't explain it simply, you probably don't understand it well enough.) If they don’t believe it and aren’t excited about it, how on earth can they convince a potential buyer that purchasing your home today is one of the best decisions they can make?! (The same concept applies for the ways in which they market your home and expose it to other agents and the rest of the market, as well.)

How can an agent transfer that conviction if they themselves are not convinced?

Find a listing agent who believes that TODAY is the best time for someone to buy your home!

While we’re on the topic, check out:

The Price Is The Same, But You’ll Save Over $100,000!

2011 – The Year In Real Estate Quotes

I’m Brian Morgenweck, broker/owner of

Power Realty Group in Bergen County,

NJ. If you’re serious about selling your

home or condo, let’s talk! Connect with

me at (201) 489-3020 or send an email

to Brian@TheJerseyScene.com.

List your home with greater confidence…

and get better results.

The 1st Question To Ask A Real Estate Agent BEFORE Listing Your Home For Sale

I was inspired by the premise for this post, which I originally read at "Keeping Current Matters". It really resonated with me. If you don't already follow Steve Harney, I suggest you do!

Oradell NJ Real Estate Market Activity - December 2011

How's the market in Oradell NJ? This report is exclusively for Oradell single-family homes for the month of December.

Market reports aren't the most exciting reading, but they contain important information that serious buyers & sellers should know. Connect with me if you'd like to get into the #'s a bit deeper. I'll try & make it fun! The same offer stands if you'd like a list of the recently sold homes in your area or you'd like to know what your home should sell for in today's market.

There were 4 homes SOLD in December with an average list price of $555,950 and an average sold price of $440,500.

The average sold price as a percentage of original list being 79%.

The average days on market was 283 days. This is the # of days from the original listing date until a home is reported under contract.

1 new listing was reported during December. The total # of Current Active Oradell homes for sale is 37.

There's been a 26% drop in the active inventory level in Oradell since mid-October. This could be somewhat due to a "seasonal" market, but it's certainly worth noting.

It also supports my opinion that listing a home for sale in the winter months is a plus for sellers due to less competition for serious buyers for their homes!

Listing Status	Total	Total List/Sale Dollars	Average List Price	Average Sold Price	Median Sold Price	Sale Price/ List Price*	Avg DOM
Sold	4	$ 1,762,000	$ 555,950	$ 440,500	$ 361,500	79.234	283
Co-Broker	4	$ 1,762,000	$ 555,950	$ 440,500	$ 361,500	79.234	283
List/Sold	0	$ 0	$ 0	$ 0	$ 361,500
New	1	$ 680,000	$ 680,000
Under Contract	4	$ 1,912,300	$ 478,075				161
Withdrawn	2	$ 924,000	$ 462,000				192
Expired	7	$ 5,711,500	$ 815,929				193
Back on Market	1	$ 459,000	$ 459,000				212
Extended	4	$ 1,966,900	$ 491,725				157
Current Active	37	$ 22,240,379	$ 601,091

Information deemed reliable but not guaranteed. 1/12/2012 NJMLS, Inc.

Click the link to see all Oradell NJ Homes For Sale.

If you're thinking about selling your Oradell home and want the best results,

visit the Jersey Real Estate Scene home page, click the links in the box to the right titled,

“How our marketing plans benefit YOU!”

(You'll find a video library with many highly effective real estate marketing tools!)

& don't miss these videos...

What's Most Important to Today's Sellers *VIDEO*

Was Your Home Listed and It Expired Un-Sold? READ THIS!

Introducing "Pearls of Wisdom for Home Sellers" *VIDEO*

I'm Brian Morgenweck, Broker/Owner of

Power Realty Group. If you have any

questions, just call me at

(201)489-3020 or connect w/me at

Brian@TheJerseyScene.com.

Information leads to knowledge. Knowledge (with action) creates Power.

Oradell NJ Real Estate Market Activity - December 2011

Oradell, NJ Real Estate Update & Market report presented by Jeana Cowie, your Oradell Real Estate Agent

2010 vs. 2011 sold information for residential homes in Oradell, NJ

January - December 2011 Average Median Sold Price: $519,669
-10% Change

Year 1: 2010

Year 2: 2011

	Number of Sold Listings	Dollar Volume of Sold Listings	Average Sold Price
	2010	2011	Diff	%Chg	2010	2011	Diff	%Chg	2010	2011	Diff	%Chg
January	8	3	-5	-63	$4,120,000	$1,812,342	-2,307,658	-56	$515,000	$604,114	89,114	17
February	1	7	6	600	$550,000	$3,112,444	2,562,444	466	$550,000	$444,635	-105,365	-19
March	4	5	1	25	$2,040,000	$2,517,500	477,500	23	$510,000	$503,500	-6,500	-1
April	4	3	-1	-25	$2,095,000	$1,865,000	-230,000	-11	$523,750	$621,667	97,917	19
May	5	6	1	20	$3,331,000	$3,036,500	-294,500	-9	$666,200	$506,083	-160,117	-24
June	18	6	-12	-67	$10,877,475	$2,573,500	-8,303,975	-76	$604,304	$428,917	-175,388	-29
July	7	7	0	0	$3,610,000	$3,996,000	386,000	11	$515,714	$570,857	55,143	11
August	4	7	3	75	$2,992,500	$4,349,500	1,357,000	45	$748,125	$621,357	-126,768	-17
September	4	7	3	75	$2,252,000	$3,798,000	1,546,000	69	$563,000	$542,571	-20,429	-4
October	1	2	1	100	$479,000	$975,000	496,000	104	$479,000	$487,500	8,500	2
November	4	4	0	0	$2,749,900	$1,902,000	-847,900	-31	$687,475	$475,500	-211,975	-31
December	5	4	-1	-20	$2,510,775	$1,762,000	-748,775	-30	$502,155	$440,500	-61,655	-12
Total	65	61	-4	-6	$37,607,650	$31,699,786	-5,907,864	-16	$578,579	$519,669	$-58,911	-10

2010 Total Sold: 65
2011 Total Sold: 61
-6% Change

2010 Average DOM: 82.5
2011 Average DOM: 103.0
25% Change


2010 Total $ Sold: $37,607,650
2011 Total $ Sold: $31,699,786
-16% Change


2010 Average Sold Price:$578,579
2011 Average Sold Price: $519,669
-10% Change

Thinking of buying or selling an Oradell home?

Call your Oradell real estate agent & Oradell REALTOR® Jeana Cowie of Re/Max Real Estate Ltd. 201-982-2200, email jmcowie@optonline.net.

Search for Oradell homes for sale on your cell phone using FREE Re/Max Mobile app - Just text 87778 the text code JCow and download the free mobile app

Visit www.OradellRealEstateAgent.com or www.OradellNJHouses.com.

Jeana Cowie will help you with all your Bergen County Real Estate needs!

All information is deemed reliable but not guaranteed. Subject to errors and ommissions

--- Information herein deemed reliable but not guaranteed. 1/8/2012 1:17:46 PM ---

--- Copyright: 2012 by New Jersey MLS, Inc. ---