Westwood New Jersey Real Estate | November 2011' Single Family Homes Sold Report
Westwood New Jersey Five Corners (pictured above)
Westwood New Jersey saw a whopping Eight homes closing in the popular town as the Fall real estate market turns and the town prepares for the holidays. The list to sale price differential hovered around the 87% mark. This indicates that homes are both being priced to sell and selling within 13% of their asking price. The popularity of this town is still strong although the overall market prices are down. Keeping in mind the number of homes to close this month verses last month, the average Sold price was up substantially from last month with the average sale price being $428,438 for the Hub of the Pascack Valley town of Westwood New Jersey.
Westwood NJ is amongst the 8 Pascack Valley towns of Bergen County New Jersey and it's thriving downtown business district has prompted it to be known as the "Hub" of the Pascack Valley. This small community minded town is constantly changing to keep up with the times while maintaining that very desirable small town feel.
The price differential for November was around 13% which was higher than the previous month. The average days on the market was 118 for the month of November indicating that the Pascack Valley area market continues to hold it's own in these challenging times. However, homes are remaining on the market marketdly longer.
With interest rates the lowest they have ever been hovering at 4% and below, we think Buyers can take advantage of some really wonderful opportunities to own their piece of
Small Town America in this special town known as the Hub of the Pascack Valley!
Residents can take advantage of the many amenities offered by this Pascack Valley town such as the upcoming holiday events like The Hometown Holiday beginning at the Five Corners and continuing to the Gazebo in the Park. The bustling downtown avenue and Gazebo in the Park offers residents community events throughout the year.
Westwood New Jersey Real Estate |November 2011' Single Family Homes Sold Report
Total Homes Sold..........................8
Average List Price...............$491,163
Average Sold Price............ $428,438
Median Sold Price..............$380,750
Sale/List Price....................... 87.229 (12-13% differential)
Average Days On The Market ................................................118
There are currently 48 Actively Listed homes in the town of Westwood with an average List Price of $413.010. When comparing the average sold price of $428,438 to this month's average list price, we must assume that the market is sliding despite the low number of sales. But one must keep in mind that the Average Sold price is for smaller modest homes in the lower price ranges on up to the larger homes in the million dollar plus price range. There are ultimately some fantastic opportunities in this popular town for every budget.
Interested in last month's Sales? Click here to see Westwood NJ Home Sales Report.
Click here to view ALL Westwood New Jersey Homes For Sale
View some scenes of the picturesque Pascack Valley towns of Bergen County NJ below.
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
Westwood New Jersey is known for it's old world charm and Victorian Colonials. But one can also find new modern style homes of all price ranges.
Westwood New Jersey Real Estate | November 2011' Single Family Homes Sold Report
