Another area in the suburbs we like is Rutherford, NJ, a quiet and peaceful place for you and your family and only minutes to NYC and the other metro areas of Northern NJ. For you partiers out there, Rutherford is a B.Y.O.B town with plenty of great restaurants and landscape to enjoy. 

One very big asset for Rutherford is its direct public transportation system into Manhattan which takes about 15 minutes from door to door via NJ Transit. Historically, Rutherford has a quiet real estate market with limited availability, thus, fewer monthly sales than other markets with more inventory. That being said, recognizing the low inventory, sales are not reaching the level they need to in order to drive down inventory.

To view all homes for sale in Rutherford CLICK HERE. Be sure to fill in your desired criteria using our customized search tool. Contact us at 877-688-7582 to set up a showing appointment or follow the showing instructions on each individual listing in your search.

Prices are down about 18% since its peak have average sales prices have slid since the start of 2010. During the second half of 2009, the average price of a home sold in Rutherford bounced around $425,000. Since February 2010, the average price of a home sold in Rutherford is bouncing around $375,000. Currently there is a home under contract for $1,250,000 that should drive up the average sales price in July or August, but we anticipate that the average will set below $400,000 throughout 2010 until inventory is absorbed at a faster pace. Let’s look at the most recent month of June.

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Rate of Absorption: An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. Based on the figures above, the absorption rate remains high in Rutherford. Hopefully the 18 homes under contract close in July to lower the rate of absorption. Sellers being pressured with lowering prices will likely conceed a little more to buyers if they are motivated.

To check out a full statistic report on Rutherford real estate CLICK HERE. This report will show month over month and year over year comparisons of sales volume and average selling prices.

If you are looking to buy or sell a home in Rutherford, we would value an opportunity to meet and discuss your options. We can provide you the due diligence to assist in your decision in the housing market. You can e-mail us or call me direct at 877.688.7582

Wyckoff, NJ Real Estate Report for June, 2010

Remember, if you are looking to buy or sell a home, you can rely on New Jersey Real Estate Guys market knowledge as shown in our monthly reports!

CLICK HERE to preview 2008-2010 month over month and year over year activity charts for Wyckoff NJ Real Estate.

Heading to a meeting.  I’ll be back shortly to give my opinioned analysis of the housing market for Wyckoff.

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2010 Q1 Real Estate Report for Wyckoff, NJ

Wyckoff started out the year on a strong run in January followed by a couple of slow months.  Expect mid 2010 to indicate where real estate is, once the government propt incentives expire and the economy stands on its own for once in a long time.  Although the First Time Homebuyer Tax Credit and the Governments plan to purchase MBS expire, mortgage rates are expected to rise by the end of the year so it’a anyone’s guess at this time.

All of the following information is comprised of results from the New Jersey MLS.

In January 2010, 18 homes sold in Wyckoff with an average sales price of $788,444.

In February 2010, only 8 homes sold with an average sales price of $716,125.

In March 2010, a disappointing 4 homes sold with an average sales price of $609,375.

In total, there were 30 homes that sold in Wyckoff during the Q1 of 2010.  The average selling price for the Q1 in Wyckoff was $704,648.

During  Q1 of 2009, there were 18 homes sold in Wyckoff where the average selling price was $738,917.  Sales volume has INCREASED in 2010 by 40%, however the average sales price has dipped by nearly 5% in 2010 Q1 when compared to 2009 Q1.

From January to March 2010, sales volume has declined and the average sales price of homes declined by nearly 23%.  We expect this number to be skewed a little bit and expect the mid part of 2010 to balance out a bit more.

Based on March sales of 4 homes and the available inventory for sale in Wyckoff, the Rate of Absorption is 21 months, which is a disappointing ROA.

There are currently 84 homes for sale in Wyckoff, NJ.  The average listed price is $893,505.

If you are in the market for details regarding Wyckoff, please CONTACT US and we will be happy to discuss the area and its benefits to you and your family. If you would like to browse all available homes for sale in Wyckoff, NJ, please click here.

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Happy New Year, Wyckoff!!

It is now time to recap our 2009 market and make some 2010 predictions for Wyckoff, NJ real estate.  I want to disclose that unlike most of the state, Wyckoff has a very low inventory and low home sale figures compared to most areas of NJ, moreso in the country.  As many know, Franklin Lakes is dominated by estates and multi-million dollar real estate listings.  Just one single sale can alter the monthly figures quite a bit.

Before we get into the numbers, don’t forget to browse all Wyckoff homes for sale via our customized MLS / IDX gadget which has all listings updated every 24 hours.  So without further delay, let’s see how Wyckoff did this past year.

2008

• 129 Homes sold in Wykoff in 2008
• The average sales price was $723,417

2009

• 127 Homes sold in Wyckoff in 2009
• The average sales price was $713,597

The statistics indicate there was an anemic 1.5% drop in sales activity in 2009 when compared to 2008, and a drop of 1.4% in average sales price.  This information is almost not even worth reporting but we thought we should point it out as it indicates a very healthy housing market.  Home sales have peaked during the summer months in both years, likely due to families getting their families set for the upcoming school year.  See charts below (click to enlarge).  Click for Wyckoff Excel Housing Report

Indicative by the charts, Wyckoff experiences its worst real estate cycle during the beginning and end of the last 2 years.  That said, similar to Franklin Lakes, Wyckoff’s numbers can alter quickly with 1 or 2 sales.  Inventory remains very low with only 55 homes for sale in Wyckoff, and there were a reported 10 sales in December 2009.  This puts the absorption rate for Wyckoff at only 5.5 months, a very healthy rate of absorption.  Although it is difficult to find conclusive evidence based on these charts, we feel that Wyckoff has skated by the recession and will remain consistent with normal market activity.  There are currently 2 short sales in Wyckoff which is not a bad ratio.

We feel that with the current activity and using trends over the last 2 years, we believe it is a favorable time to buy a home in Wyckoff.  We do not anticipate a drop in median home prices by more than 2.5% despite the First Time Homebuyer Tax Credit expiring April 30.  Favorable prices and interest rates today should negate any unforseen small drop in value.

If you are looking to buy or sell a home in Wyckoff, look no further than New Jersey Real Estate Guys.  We would value an opportunity to interview for the job of being your real estate agent.  We would love to show you the competetive advantages we have over most agencies.  Please contact us for a consultation on Wyckoff Real Estate Happy New Year, and we look forward to working with you this 2010 year!

November 2009 Report | Wyckoff Real Estate (statitstics comprised from NewJerseyMLS and based on Single Family Homes)

Welcome to our monthly housing report update for Wyckoff, NJ.  Wyckoff remains as one of the areas in Bergen County with very limited inventory for sale and lower homes actually sold due to lower inventory.  With the recent extension of the First Time Homebuyer Tax Credit we may see sales increase due to the increase in income level criteria.

Year over Year Sales numbers have been rather consistent with last years and we did not see a drastic drop in home values for Wyckoff from the year before.  Year to date, there were 129 homes that sold in Wyckoff in 2008 (Jan-Oct) with an average sales price of $765,609.   In 2009 (Jan-November 30), 117 homes have sold.  We feel that if you are looking for a home in Wyckoff, it is a great time to begin your searching.

There are currently 67 SINGLE FAMILY HOMES for sale in Wyckoff, NJ.  The average listing price is $967,782.  The average number of Days on Market for each listing is 125 Days.

During the month of November, 2009, 8 homes sold in Wyckoff and 25 have gone under contract and are in Attorney Review .  The average listing price of homes sold was $674,175, and the average Sales price of homes was $651,250.  Sellers are getting an average of 96.5% of their asking price, which is positive as there is no disconnection between buyers and sellers over listing price versus real value.  The average Days on Market for homes sold in Wyckoff was 99 Days.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. As of December 1, 2009, there were 67 homes for sale in Wyckoff as indicated above.  Also as mentioned above is that 8 homes sold during the month of November.  The absorption rate for Wyckoff based on October’s sales figures is just over 8 months.

And there you have it!  The December 1 Wyckoff Real Estate Report.  We are seeing many great deals in Bergen County recently and with the winter upon us, deals will come and go.  Contact us if you are interested in Wyckoff homes or any other homes in Bergen County.  We’d love an opportunity for you to interview one of our highly experienced agents.  Look forward to seeing you!  (Continue reading below for more recent months of sales/inventory reports from Wyckoff)

OCTOBER 2009 Report | Wyckoff Real Estate (statitstics comprised from NewJerseyMLS and based on Single Family Homes)

Welcome to our monthly housing report update for Wyckoff, NJ.  Wyckoff remains one of the more active markets in Bergen County in regards to absorption rate (explained below).  With the recent extension of the First Time Homebuyer Tax Credit we may see sales increase due to the increase in income level criteria.

Year over Year Sales numbers have been rather consistent with last years and we did not see a drastic drop in home values for Wyckoff from the year before.  Year to date, there were 120 homes that sold in Wyckoff in 2008 (Jan-Oct) with an average sales price of $765,609.   In 2009 (Jan-Oct), 109 homes have sold with an average sales price of $756,082, only a 1.3% drop in sale price since last year.  We feel that if you are looking for a home in Wyckoff, it is a great time to begin your search and allowing New Jersey Real Estate Guys to do what we are great at in negotiating great deals.

There are currently 82 homes for sale in Wyckoff, NJ.  The average listing price is $899,023.  The average number of Days on Market for each listing is 113 Days.

During the month of October, 2009, 9 homes sold in Wyckoff.  The average listing price of homes sold was $879,756, and the average Sales price of homes was $839,556.  Sellers are getting an average of 95% of their asking price, which means that buyers and sellers can have a meeting of the minds without a disconnection (in my opinion).  The average Days on Market for homes sold in Wyckoff was 82 Days.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. As of November 1, 2009, there were 82 homes for sale in Wyckoff as indicated above.  Also as mentioned above is that 9 homes sold during the month of October.  The absorption rate for Wyckoff based on October’s sales figures is just over 9 months.

With the amount of inventory on the market in Wyckoff and the recent traffic activity, we feel it is a great time to start shopping for homes in Wyckoff and allowing New Jersey Real Estate Guys negotiate the lowest, most feasible price for you.  That is what we are good at.

If you are interested in buying or selling a home in Wyckoff, give us a call and interview us. We would value an opportunity to earn your business and rest assured that as a buyer we will maximize your dollar on real estate. As a seller, you have our full service of global and local marketing, Free CMA report for your home, and strategic plans to sell your home within a comfortable timeline. Contact NJREG today for a free consultation!

View all available homes for sale in Wyckoff

So far this year in 2010, Franklin Lakes real estate has been average on sales volume but a little down on the sales price averages.  Those of you looking to live next to one of the Real Housewives, may be able to get a more affordable piece of real estate in this prestigious community.  There is an abundance of gorgeous homes under $1 million where in 2005, you couldn’t find anything respectable for that price.

We anticipate an the average sales price for 2010 to bounce along all over the place, however a further price drop will be indicated by our projection that the average sales price in Franklin Lakes in 2010 will be under $1 million.  Don’t put too much into that though.  Homes are unique in Franklin Lakes and if you find a home you absolutely love, it would make sense to make a run at it today and play the market.  That’s what we’re good at!

Let’s look at this years numbers to date.

January: 6 Homes sold with an average sales price of $1,352,917.

February: 8 Homes sold with an average sales price of $853,562.

March: 12 Homes sold with an average sales price of $862,625.

April: 5 Homes sold for an average sales price of $951,300.

May: 8 Homes sold for an average sales price of $918,500.

Here is a performance chart for over the last 2.5 years.  Click on charts to enlarge to see some annualized changes.

If you are interested in any information regarding Franklin Lakes real estate and the benefits to you and your family, please contact us and we will be happy to discuss.  If you would like to browse all homes for sale in Franklin Lakes, please use our MLS/IDX searching tool on the right side column of this page.

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Franklin Lakes, NJ Real Estate Round-Up for Q1 2010

Our apologies for not reporting on February, but being that it is the end of the first quarter (Q1) of 2010, I felt it appropriate to share some market statistics for Franklin Lakes housing.

Remember (actually I don’t expect you to remember), during 2009’s Q1, there were only 11 home sales in Franklin Lakes.  The average price of a home sold was $1,263,409.

On to 2010!  In January, 2010, as reported in our most recent report, there were 6 homes that sold in Franklin Lakes with an average selling price of $1,352,917.

In February 2010, there were 8 home sales in Franklin Lakes with an average selling price of $853,562.

In March 2010, there were 12 home sales in Franklin Lakes with an average selling price of $862,625.

In total, during the Q1 of 2010, 26 homes have sold this year in Franklin Lakes with an average sales price of $972,981.

In comparison of 2009-2010 Q1 reports, 2010 showed an increased level of sales volume by 42% !!  However, also in 2010, the average sales price has expectedly dropped by 23%.  We will see where the rest of the year brings us, but prices are expected to soften a bit more in general.  As government incentives exprire, mortgage rates are expected to increase by late 2010, so there is some uncertainties with how the market plays out.

If you are interested in any information regarding Franklin Lakes real estate and the benefits to you and your family, please contact us and we will be happy to discuss.  If you would like to browse all homes for sale in Franklin Lakes, please use our MLS/IDX searching tool on the right side column of this page.

January 2010 Round Up – Franklin Lakes Home Sold / Inventory / News

As January typically produces fewer home sales due to changes in lending guidelines, Franklin Lakes remained the norm.  While we do not anticipate any price declines due to the expiring First Time Homebuyer Tax Credit, I think it will be interesting to watch this market until Q3 2010.  Home prices are still high, but activity is normal.

During the month of January, there were 6 homes sold in Franklin Lakes.  The average sales price was $1,352,917.

There are currently 103 Single Family Homes for sale in Franklin Lakes with an average listed price of $1,610, 452.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales.  The current rate of absorption in Franklin Lakes is 17.1 Months.  This is higher than the norm, but let’s see what March brings.  My opinion is that last year and this year there are always new lending guidelines at the start of the year which throw things off for a while.

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Happy New Year, Franklin Lakes!

It is now time to recap our 2009 market and make some 2010 predictions for Franklin Lakes, NJ real estate.  I want to disclose that unlike most of the state, Franklin Lakes has a very low inventory and low home sale figures compared to most areas of NJ, moreso in the country.  As many know, Franklin Lakes is dominated by estates and multi-million dollar real estate listings.  Just one single sale can alter the monthly figures quite a bit.

Before we get into the numbers, don’t forget to browse all Franklin Lakes homes for sale via our customized MLS / IDX gadget which has all listings updated every 24 hours.

Due to time constraints and deadlines to complete our reports, we have generated all statistics from the NJMLS which is the dominant MLS system for Franklin Lakes.  So without further ado, let’s see how Franklin Lakes real estate did this year!

2008

• 66 Homes Sold in Franklin Lakes during 2008
• Average Sales Price was $1,386,420

2009

• 74 Homes sold in Franklin Lakes during 2009
• Average Sales Price was $1,129,598

The comparison of 2008 and 2009 shows that there was a 10% increase in sales volume in 2009.  The comparison also shows there was an 18.5% decrease in average selling price.  See official chart attached in the following link.  (Franklin Lakes Official Home Report)

As shown, Franklin Lakes’ prices have dramatically dropped since its peak, but remain nearly 15% higher than what they were a year ago today.  Month over month in each Q4, sales have nearly doubled in 2009 when compared to the same time last year which saw the U.S housing market in a very vulnerable state.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales.

There are currently 93 homes for sale in Franklin Lakes, NJ.  During the month of December, 8 Homes sold according to the NJMLS.  This puts today’s Franklin Lakes rate of absorption at nearly 12 months.

NJ Real Estate Guys Franklin Lakes 2010 Prediction:  At the end of 2009, the average sale price of a home stood at $1,129,598.  We anticipate a similar pattern for Franklin Lakes during 2010.  We do not anticipate a V-shaped recovery for the area but rather an up and down consistent wave pattern, although it is not obvious that we have seen a total collapse of the Franklin Lakes real estate market.  The difference in Franklin Lakes is money, plain and simple.  More homeowners in Franklin Lakes can afford to “ride it out” as opposed to other blue collar areas of NJ with lower, yet above average incomes.  Even though the average sale price is down from 2008, throw in only a couple of $2 million sales and see what happens.  That being said, we expect prices to skip around where the median should stagnate, if not come slightly lower in 2010.  We expect a gradual continuation of normal appreciation by Q1 of 2011.

Our opinion is that we feel it is a good time to buy in Franklin Lakes.  As mentioned, we do not anticipate a noticeable decline in values in 2010 so the entire year should provide an opportunity where prices should be where you want them when you want them.  If you LOVE the home, then buy it.  Don’t wait on a home to come down in price if you LOVE it, especially in 2010.  We have seen far too many this year lose their dream home because they wanted to see how much lower the price would get.  It didn’t, and it sold to another buyer.

If you are looking to buy or sell real estate in Franklin Lakes, look no further than the NJ Real Estate Guys.  We would value an opportunity to interview for the job of being your real estate professional.  Please contact us for a consultation and we would be happy to meet with you at your soonest convenience.  Happy New Year!

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November Sales | 2009 Report | Franklin Lakes Real Estate (statitstics comprised from NewJerseyMLS and based on Single Family Homes)

Welcome to our monthly housing report update for Franklin Lakes.  Franklin Lakes remains one of the most prestigious towns in the state and one of the tops in the country in regards to home prices.  Market confidence could increase a bit more with the First Time Homebuyer Tax Credit extension which is now available through April 2010.  A nice thing we are seeing in Franklin Lakes is the amount of homes that have dropped back to reality…errr…affordability.  You can buy a beautiful colonial home for under $600,000 today with taxes as low as $8,000.

Year over Year Sales numbers are identically the same however closed sales averages are way down.  Year to date, there were 61 homes that sold in Franklin Lakes in 2008 (Jan-Oct) with an average sales price of $1,812,275.

In 2009 (Jan-Oct), 66 homes have sold with an average sales price of $1,109,552, a 39% drop in sale prices since last year.  Due to the normal high prices in Franklin Lakes, it only takes a couple sales to throw off an accurate assessment of what a 39% drop really means.

There are currently 118 homes for sale in Franklin Lakes, NJ.  The average listing price is $1,712,206.  There are plenty of homes (50 to be precise) at or under $1 million for those of you looking for more affordability.  The average number of Days on Market for each listing is 172 Days.

During the month of October, 2009, 5 homes sold in Franklin Lakes.  The average listing price of homes sold was $1,541,000, and the average Sales price of homes was $1,369,980.  Sellers are getting an average of 89% of their asking price, which means there seems to be just a tad bit of disconnect between buyers and sellers still.  The average Days on Market for homes sold in Franklin Lakes was 137 Days.  The type of buyer/seller disconnect is normal during a recession or during times of tremendous equity rallies in the stock market.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. As of December 1, 2009, there were 118 homes for sale in Franklin Lakes as indicated above.  Also as mentioned above is that 5 homes sold during the month of October.  The absorption rate for Franklin Lakes based on October’s sales figures is just over 23 months, above the national average and much higher than last month.  December is looking good as there are currently 9 homes under contract as of December 10, so the likelihood of a stronger sales report is quite stronger than November.

With the amount of inventory on the market in Franklin Lakes and the recent traffic activity, we feel it is a great time to start shopping for homes in Franklin Lakes.  There are many factors that we consider when negotiating a home for our clients.  We would value an opportunity to interview with you for the job of being your representative during these tedious times.

If you are interested in Franklin Lakes NJ homes for sale, give us a call and interview us. We would value an opportunity to earn your business and rest assured that as a buyer we will maximize your dollar on real estate. As a seller, you have our full service of global and local marketing, Free CMA report for your home, and strategic plans to sell your home within a comfortable timeline. Contact NJREG today for a free consultation!

View all available homes for sale in Franklin Lakes

October 2009 Report | Franklin Lakes Real Estate (statitstics comprised from NewJerseyMLS and based on Single Family Homes)

Welcome to our monthly housing report update for Franklin Lakes.  Franklin Lakes remains one of the most prestigious towns in the state and one of the tops in the country in regards to home prices.  Market confidence could increase a bit more with the First Time Homebuyer Tax Credit extension which is now available through April 2010, however most income levels in Franklin Lakes will not qualify for the Tax Credit, even with the new increased income limits.

Year over Year Sales numbers are identically the same however closed sales averages are way down.  Year to date, there were 61 homes that sold in Franklin Lakes in 2008 (Jan-Oct) with an average sales price of $1,812,275.   In 2009 (Jan-Oct), 61 homes have sold with an average sales price of $1,184,549, a 35% drop in sale prices since last year.  Due to the normal high prices in Franklin Lakes, it only takes a couple sales to throw off an accurate assessment of what a 35% drop really means.  Overall, we feel that Franklin Lakes has a chance for an additional slight value correction, but not one that should deter you from finding a good deal if you are shopping for a home.

There are currently 130 homes for sale in Franklin Lakes, NJ.  The average listing price is $1,731,136.  There are plenty of homes (50 to be precise) at or under $1 million for those of you looking for more affordability.  The average number of Days on Market for each listing is 171 Days.

During the month of October, 2009, 9 homes sold in Franklin Lakes.  The average listing price of homes sold was $1,428,767, and the average Sales price of homes was $1,288,667.  Sellers are getting an average of 90% of their asking price, which means there seems to be just a tad bit of disconnect between buyers and sellers still.  The average Days on Market for homes sold in Franklin Lakes was 137 Days.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. As of November 1, 2009, there were 130 homes for sale in Franklin Lakes as indicated above.  Also as mentioned above is that 9 homes sold during the month of October.  The absorption rate for Franklin Lakes based on October’s sales figures is just over 14 months, above the national average.

With the amount of inventory on the market in Franklin Lakes and the recent traffic activity, we feel it is a great time to start shopping for homes in Franklin Lakes and allowing New Jersey Real Estate Guys negotiate the lowest, most feasible price for you.  That is what we are good at.

If you are interested in buying or selling a home in Franklin Lakes, give us a call and interview us. We would value an opportunity to earn your business and rest assured that as a buyer we will maximize your dollar on real estate. As a seller, you have our full service of global and local marketing, Free CMA report for your home, and strategic plans to sell your home within a comfortable timeline. Contact NJREG today for a free consultation!

View all available homes for sale in Franklin Lakes

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September 4, 2009 Update

Okay…as we settle into Q4 soon, I think I will jump the gun and post some summer numbers for Franklin Lakes, NJ real estate and homes for sale.  All of our data is comprised from the Garden State MLS as well as the New Jersey MLS.  I hope one day that the 2 MLS boards do something to collectively exclusify certain towns and cities.  The NJMLS has most of Bergen County’s data, but the GSMLS gets some, albeit most of it is duplication of what is on the NJMLS anyway.  This article is based on housing data compiled from June 1, 2009 to September 1, 2009.

Anyway, on to the good stuff.  For those of you looking to buy a home in Franklin Lakes, you already know the lifestyle that you will be living.  It is one of my favorite areas of New Jersey and as my wife always reminds me, the home of Bravo’s New Jersey Housewives.  If you have driven through Franklin Lakes, you are surrounded by beatiful homes and some of the most exquisite neighborhoods in all of New Jersey, and unique in its own way.

Here is the telling part of the market.  The average listing price of a home in Franklin Lakes THAT SOLD from June 1 thru the end of August was $1,195,141.  The average SOLD home in Franklin Lakes was $1,018,838.  (See below for what this tells me)

New Listings:  From the time between June 1 thru the end of August, there were a total of 54 New Listings of homes for sale in Franklin Lakes.  The average listing price of those homes was $1,694,351 with a total of only 19 of them being listed at under $1,000,000.

Under Contract:  During the alotted time, there were 14 homes that were put under contract in Franklin Lakes.  Of those 14 homes, the average was $1,154,557 and the average Days On Market for these homes was 124 Days.

Home Sold: During the alotted time in Franklin Lakes, there were 31 homes that sold.  Of all home sales, the average sale price was $1,018,838. Average Days On Market for these homes were 115 days.

As of September 4, 2009, there are approximately 138 Franklin Lakes homes for sale.  Over the previous 30 days, 7 homes have sold.

Franklin Lakes, NJ has an inventory level of just over 19 months.  Absorption rate is calculated by the number of homes currently for sale divided by the number of homes that sold the previous month. This means that at the rate of homes sold last month, it would take 19 months to sell out of Franklin Lakes homes for sale inventory IF there were no additional active listings from this point forward.  This absorption rate is currently above the national average.

NJREG opinion on the Franklin Lakes real estate as it currently stands is that there is room for negotiation from current listing prices.  We base our opinion on what the average listing price was of homes that have sold over our period of time between June 1 and September 1.  Although there are several ways to draw an opinion about negotiability, we feel that if you are looking for a home in Franklin Lakes, NJ, New Jersey Real Estate Guys can assist in your general understanding of the market and achieve an agreed contract price that protects your long term investment in real estate.

Don’t forget to view our Franklin Lakes real estate page to view all active homes for sale, and as always, please give New Jersey Real Estate Guys an opportunity to earn your business in Franklin Lakes.  We would value an opportunity to work with you and our efforts will speak for itself!

HOLY SALES!!!!  Whether you think that the First Time Homebuyer Tax Credit had an affect on the market, it clearly shows that it did at least a little bit.  Although $8,000 is likely not enough to sway someone buying a Ridgewood home from their purchase, $8,000 is still $8,000 for those that did meet the qualifying criteria.

Ridgewood is on pace to shatter the 2009 level of sales volume.  In 2009, there were 194 home sales according to the NJMLS.  To date, there have been 116 home sales and summer, the busy time, is just picking up steam.  Prices have been consistently good for the last 3 months and it looks like the Ridgewood market could be up to its last test, which is maintaining the level of sales without the incentive of government props.

If you would like a full list of homes for sale in Ridgewood or would like to set an appointment to discuss the area or your home, please call us at 877.688.7582

Let’s look at some June numbers.  Be sure to check out the full report below.

JUNE:

Available Inventory for sale: 133 Homes

Homes Under Contract: 66

Homes Sold: 43

Average Sales Price: $764,572

Rate Of Absorption: 3.1 Months….WOW!

To view the full report for Ridgewood NJ Real Estate for month over month and year over year figures CLICK HERE

If you clicked on the link, you will notice that the charts indicate a familiar pattern regarding sales volume from 2009.  Typically home sales peak during the summer months, but June 2010 had an unusually high number of sales.  Part of us are lead to believe that buyer and seller disconnection no longer remains and this is the cause of a lot of sales.  In addition to low mortgage rates and higher FHA conforming loan limits, this could be a positive sign for Ridgewood for the second half of the year.

If you are looking to buy or sell a home in Ridgewood, New Jersey Real Estate Guys would value an opportunity to be interviewed for the job of representing you in the housing market.  Our expertise is demonstrated by our due diligence that we provide to you every single month.  We take pride in our market analysis which is why our brokerage is #1 in our headquartered county in sales volume!  Call us today at 877-688-7582.

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May 2010 Ridgewood NJ Real Estate Roundup

As Ridgewood searches for its equilibrium, we have to point out one thing that is indicative from our charts.  Historically, June through August are very strong months for sales volume.  In 2009, the average volume of homes sold excluding June/July/August was about 10 homes per month.  In the 3 months during the summer, sales spiked to an average of almost 30 homes per month respectively.

So, what does that mean?  Well, if you are a seller, today is the day to get your home professionally cleaned, and your job is to keep it clean.  How is your house priced?  Has it been sitting on the market long?  Now is the time that you want to really make sure that you price your home aggressively.  This summer should be no different than last summer.

Good news is that prices are pretty flat since last year.  No real dramatic turn.  The average home sold for $741,854 during 2009 in Ridgewood.  So far this year, the average sales price of a home has been $742,302.  So I just peaked at the MLS.  Today is June 18, 2010 and so far this month, 25 homes have sold in Ridgewood.  Average sales price has been $752,691.  See!  This summer is heating up!  If you want to sell your home, you need to contact us NOW so we can put you in a favorable selling situation.  Buyers, now is the time to make your offers.

Below are some 2009/2010 comparison charts showing volume and average sales price for Ridgewood.  Click on images to enlarge.

Indicative of these charts is that the average price of a home sold in Ridgewood should be about $750,000 for the remainder of the year.  As expected, the summer is projected to be very active for volume.  If not, we can likely expect the average price of homes sold to dip a little bit.  Not likely in our opinion.

If you are looking to buy or sell a home in Ridgewood NJ, give Scott a call at 877-688-7582.  Let’s discuss everything there is to know about Ridgewood real estate.  If you prefer to send an e-mail, hit the CONTACT US button in the upper right of our screen here!  See you soon!

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January – February Roundup for Ridgewood Real Estate

So the first 2 months of 2010 have been the slowest since August 2009.  The last 2 years have been very tough on lending guideline changes.  There have been crazy guideline changes with conventional and FHA loans and it is indicative with the slow months of 2010 as lenders and loan officers adapt to the craziness.  So as much as I hate to report bad numbers, let’s take a look…Actually, Ridgewood faired pretty well considering the other surrounding markets.

At the moment, there are 86 Single Family Homes for sale in Ridgewood with an average listed price of $896,880.

In January, a total of 12 Homes sold in Ridgewood with an average sales price of $707,217.

In February, a total of 13 Homes sold in Ridgewood with an average sales price of $814,800.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. As of March 1, there are 86 homes for sale in Ridgewood, NJ.  As mentioned, in February, it was reported that 13 homes sold.  This puts the rate of absorption at 6.6 Months, pretty decent considering the slow start of the year around the nation.

If you are looking to buy or sell a home in Ridgewood, please Contact Us.  We would value an opportunity to display our expertise in the market as well as our marketing plans for you.

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Happy New Year, Ridgewood!

Instead of doing a December inventory / sales report as we normally do, I figured it was a great time to do some annual comparisons to 2008.  It’s been an interesting year for sure.  Unemployment, housing declines, weak dollar, bank failures, etc.  All in all, today, January 1, I am cautiously optimistic about what 2010 is going to bring.  Don’t forget to check out our 2010 predictions for Ridgewood NJ Real Estate below.

Although there remains pressure on real estate values, with the help of government tax incentives, we should see activity continue to increase, which is all we can ask for at this time.  I predict there will be more “connection” between buyers and sellers in 2010 as the equity rallies of mid/late 2009 created a disconnection due to sellers expecting top dollar and buyers only willing to make under market bids.  So without further ado, here it goes.

All information is comprised from the NJMLS.

Annual Recaps:

2008 – In Ridgewood, NJ, 228 Single Family Homes sold with an average sales price of $823,942.

2009 - In Ridgewood, NJ, 208 Single Family Homes sold with an average sales price of $751,314.

In 2009, the number of homes sold declined by about 9% and the sales prices have dropped about 9% as well.  Considering everything, Ridgewood has survived the bulk of the housing crisis considerably well.

Let’s look at when things became a little hairy last year.

June 1 – December 31, 2008 – In Ridgewood, 154 single family homes sold during this time with an average sales price of $852,969.

June 1 – December 31, 2009 – In Ridgewood, 167 single family homes sold during this time with an average sales price of $745,449.

Data gathered during the second half of both years shows a drop in number of sales by only 8%, and a drop in average sales prices by 13%.  Still, Ridgewood seems to have survived the bulk of the recession considerably well.

Let’s now look at the month of December:

December 2008 – In Ridgewood, 13 homes sold in December ‘08 with an average sales price of $623,731.

December 2009 – In Ridgewood, 19 homes sold in December ‘09 with an average sales price of $778,850

December 2009 numbers are considerably better this year versus last year.  Interestingly, in December 2008 only 1 home sold for over $1 million.  In December, 2009, 5 homes sold for over $1 million, with one selling at $1,800,000.

All things considered, we feel that Ridgewood has great opportunity for great deals today.  As prices have softened, Ridgewood sales have gradually increased.  There are only 63 homes for sale in Ridgewood.  Using December sales figures, there is an absorption rate of 3.31 months, a very healthy rate of absorption.

Our prediction for Ridgewood real estate is that if it has not bottomed out yet, expect considerably less than an additional 5% drop.  You will see consistent trading with average sales prices bouncing back and forth with some months exceeding some and others not exceeding others.  2010 will present a great opportunity to buy in Ridgewood as unemployment in the metro area is expected to peak.  As incomes begin to stabilize and more families’ desire to utilize Ridgewood’s Blue Ribbon school system, expect solid real estate turnover with relatively stagnant values.  We predict that typical appreciation will return to Ridgewood by Q1 2011.

If you are looking for a home in Ridgewood, New Jersey Real Estate Guys would value an opportunity to interview for the job of assisting in buying and/or selling your home.  We have unique knowledge of Bergen County and have access to unlimited resources in your search for homes or your request of global exposure on the sale of your home.  Please contact us today for a consultation.  Happy New Year Ridgewood!

December 2009 Report | Ridgewood Real Estate (statitstics comprised from NewJerseyMLS and based on Single Family Homes)

Welcome to our monthly housing report update for Ridgewood, NJ.  Our apologies for being late on this report.  It is currently December 15 and my stats below will reflect real time data.

Year to date, 199 homes have sold in Ridgewood.  The average sales price of these homes was $749,393.  Both the number of homes and the sales price have declined 10% respectively during the same time period of Jan 1 – Dec 15 in 2008.  With many professionals believing that Ridgewood has hit a comfortable area of affordability, a 10% drop is quite moderate compared to national and state stats, a great sign.

There are currently 72 Single Family Homes for sale in Ridgewood, NJ.  The average listing price is $936,664.  The average number of Days on Market for each listing is 120 Days.

During the month of November, 2009, 19 homes sold in Ridgewood and 29 have gone under contract and are in Attorney Review .  The average listing price of homes sold was $757,711, and the average Sales price of homes was $738,289. The average number of Days on Market for homes sold in Wyckoff was 55 Days.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. As of December 1, 2009, there were 72 homes for sale in Ridgewood as indicated above.  Also as mentioned above is that 19 homes sold during the month of November.  The absorption rate for Ridgewood is 3.75 months, a very good rate of absorption.

And there you have it!  The December Ridgewood Real Estate Report.  We are seeing many great deals in Bergen County recently and with the winter upon us, deals will come and go.  If you are interested in buying or selling a home in Ridgewood, or need some consultation, please do not hesitate to CONTACT US.  We would value an opportunity for an interview so that you can see what separates NJ Real Estate Guys aggressive home buying and selling strategies.

Previous article and updates below

With our monthly update on Ridgewood NJ real estate activity for sold homes, we update you today with October’s numbers.  Ridgewood, NJ remains one of the more active suburbs in Bergen County and market confidence has increased.  Market confidence could increase a bit more with the First Time Homebuyer Tax Credit extension which is now available through April 2010.  Additionally, the tax credit extension includes an increase in income level criteria, a huge benefit for Ridgewood income earners.

Year over Year numbers are down a little bit.  Year to date, there were 202 homes that sold in Ridgewood in 2008 (Jan-Oct) with an average sales price of $840,439.   In 2009 (Jan-Oct), 170 homes have sold with an average sales price of $742,692, a 12% drop since last year.  We are seeing a much clearer picture in the market and prices seem to have stabilized, indicative by higher sales volume, absorption, and homes under contract.

There are currently 111 homes for sale in Ridgewood, NJ.  The average listing price is $850,296.  There are plenty of homes at or under $800,000 for those of you looking for more affordability.  The average number of Days on Market for each listing is 114 Days.

During the month of October, 2009, a modest 21 homes sold in Ridgewood.  The average listing price of homes sold was $853,440, and the average Sales price of homes was $793,550.  Sellers are getting an average of 93% of their asking price, which means there seems to be just a tad bit of disconnect between buyers and sellers still.  The average Days on Market for homes sold in Ridgewood was 72 Days.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales. As of November 1, 2009, there were 111 homes for sale in Ridgewood as indicated above.  Also as mentioned above is that 21 homes sold during the month of October.  The absorption rate for Ridgewood based on October’s sales figures is under 5.3 months.

With the First Time Homebuyer Tax Credit extension, the recent market optimism, and macro economic data, we feel that it is a good time to buy real estate in Ridgewood.

If you are interested in buying or selling a home in Ridgewood, give us a call and interview us. We would value an opportunity to earn your business and rest assured that as a buyer we will maximize your dollar on real estate. As a seller, you have our full service of global and local marketing, Free CMA report for your home, and strategic plans to sell your home within a comfortable timeline. Contact NJREG today for a free consultation!

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August 2009 Report

During the course of the summer, Ridgewood NJ real estate activity has been above average.With prices lower than what they were a year ago today, Ridgewood did not experience the significant price adjustments that many other areas of the state has experienced.  OK, so my title is misleading.  The 3rd quarter of the  year is not up yet, but I wanted to write about something today, and I figured I’d do the piece on Ridgewood homes for sale, homes sold, etc.  Oh, and by the way, if you haven’t heard about Graydon Pool’s new proposed plans, you should check it out at The Preserve Graydon Coalition.   Although I do not personally live in Ridgewood, for those of you that are looking to buy a home, it is something that you may want to keep an open ear to.  So without further ado…

Our numbers are based off of comprised data from the NJMLS and GSMLS and our figures are based on June 1 thru September 1, 2009 dates.

If you would like to search for any and all homes for sale in Ridgewood or all of Bergen County, see our searching tool over there —————–>>

As of today, September 8, 2009, there are 112 Active Listings in Ridgewood Village, New Jersey.  The average listing price is $981,358 with 86 of those active listings being priced UNDER the average.  The average Days on Market for active listings is 114 Days.

If we go back 60  days from today, 35 homes have went Under Contract.  The average home to go under contract was $635,925.  Please note that the actual average may go slightly up or down upon closings.  Actual agreed upon prices are not public record until closing.  The average Days on Market for these homes was 78 Days.  The average Under Contract price is indicative that the lower price homes in Ridgewood are selling a bit quicker than the homes above average.  This may have something to do with the conforming loan limits for FHA financing.  Bergen County has a maximum FHA loan amount of $729,750 for single family homes.

(For some reason my GSMLS just crapped out on me…Doesn’t matter though.  Almost 95% of the data for Ridgewood is from the NJMLS anyway)  Per the NJMLS, the (dominant service in Ridgewood), 91 homes have sold since June 1, 2009.  The average sales price of homes for sale in Ridgewood, NJ was $779,011.  Of those 91 homes, only 13 of them were sold for over $1 million.  Also, 52 of the 91 homes were sold within FHA conforming loan limits (over 57%).  Although it is tough to say how many residents chose to go with FHA financing, we just wanted to point this out.

As of September and as mentioned above, there are 112 active listings of homes for sale.  During the month of August, 35 homes have sold.  The absorption rate for Ridgewood New Jersey homes and real estate is 3.2 months.  The absorption rate is calculated by taking the number of Active Listings and dividing it by the number of homes sold the most recent previous month.  A 3.2 month supply of inventory based on Absorption Rate is indicative of an above average real estate market.

If you are interested in viewing a full report of Ridgewood, NJ homes for sale or looking for a consultation about local homes for sale, please Contact Scott, realtor, and founder of New Jersey Real Estate Guys, and he will be more than happy to assist in your homebuying interests for Ridgewood, NJ or any other part of Bergen County.  For some additional online information about Ridgewood Village, please see our Ridgewood NJ real estate page.

Happy New Year, Ramsey!

After a rather interesting year, I think the Ramsey real estate market deserves a “State of the Market Report”. In this report, we will look at last months statistics, overall yearly results, and comparisons to 2008. Unlike many markets in New Jersey, Ramsey fared pretty well and the charts below will indicate a very interesting trend in sales volume and average prices. 

All statistics are comprised from the NJMLS.  DON’T FORGET to browse our exclusive and customized MLS / IDX search tool for all of today’s Ramsey homes for sale.  (Click blue link)

2008

• There were 103 homes sold in Ramsey during 2008
• The average sales price was $702,893

2009

• There were 99 homes sold in Ramsey during 2009
• The average sales price was $658,641

The statistics show that there was a 3.1% decline in sales volume.  They also show that the average price of a home sold dropped 6.3% in 2009.

These facts are hardly alarming.  Ramsey has done very well through the recession despite the low inventory and activity.  Averages don’t lie and we believe Ramsey has some interesting trends as shown in these charts:  Click chart images to enlarge and Click Here for the 24 month statistic spreadsheet

Taking these graphs into consideration, Ramsey’s sales volume seemed to peak out during the late summer to early fall season.  Coincidence?  We’ll see, but according to the average sales price, now is just as good a time to buy as it was last December.  With the exception of November, 2008, closed sale prices have remained surprisingly close. 

NJ Real Estate Guys Ramsey 2010 Prediction:  We don’t see much of a change.  Sales are likely up in August because families want to be settled for the new school year and Ramsey’s school system is one of the best.  Prices seemed to drop, similar to last year, but in 2010, we predict an average monthly sales volume of 11 homes and the average sales price to remain within the status quo between $660,000 and $700,000. 

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales.

As of today, there are 51 homes for sale in Ramsey, NJ.  During the month of December, we reported that 3 homes sold.  Ramsey’s absorption rate according to December sales is 17 months.  If you take the month of August 2009, we reported that 19 homes sold.  At the time there were 53 homes for sale in Ramsey.  The absorption rate in August was 2.7 months.  Our point is that due to the very low amount of homes for sale in Ramsey and the low inventory sold figures, month to month data will change drastically unlike most other real estate markets.  We do not put much stock into the current rate of absorption in Ramsey.

If you are looking to buy or sell a home in Ramsey, NJ, look no further than NJ Real Estate Guys.  We would value an opportunity to work with you on your real estate needs and can assure you that we will give 100% effort into making sure that you have the competetive advantage over the industry.  Thanks for your time and we look forward to hearing from you in 2010!  Contact us for a consultation. 

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November 2009 Report

Welcome to our monthly report for the Ramsey NJ Real Estate market.  We are going to be looking at home inventories, absorption, pricing, and much more.  Ramsey, NJ remains one of the more active suburbs in Bergen County and market confidence has increased.  Market confidence could increase a bit more with the First Time Homebuyer Tax Credit extension which is now available through April 2010.  Additionally, the tax credit extension includes an increase in income level criteria, a huge benefit for Ridgewood income earners. 

Year over Year numbers are down just a tiny bit from last, almost not enough to mention.  Year to date, there were 150 homes that sold in Ramsey in 2008 (Jan-Oct) with an average sales price of $678,204.   In 2009 (Jan-Oct), 170 homes have sold with an average sales price of $665,974 a drop of only 2% from last year!  This is the smallest drop in value we have seen in Bergen County, a great sign for Ramsey. We are seeing a much clearer picture in the market and prices seem to have stabilized, indicative by higher sales volume, absorption, and homes under contract. 

There are currently 86 homes for sale in Ramsey, NJ, of which 59 are single family homes and 27 are condos/townhomes.  The average listing price is $662,231 on a Single Family home and $467,069 for condos/townhomes.  The affordability index remains moderate, but one that we see beneficial at this time.  The average number of Days on Market for each listing is 81 Days, the same exact as last year.   

During the month of October, 2009, a modest 17 homes sold in Ramsey.  The average listing price of the 12 single family homes that sold was $660,954, and the average Sales price of homes was $633,550.  The average listing price of condos/townhomes sold in Ramsey was $328,180, and the average sales price of them was $322,800.  Sellers are getting an average of 96% of their asking price, a sign that there is very little disconnect between buyers and sellers.  The average Days on Market for homes sold in Ramsey was 60 Days.

Absorption Rate:  An absorption rate indicates the number of months it takes to sell the current inventory at the present rate of sales.  As of November 1, 2009, there were 86 homes for sale in Ramsey as indicated above.  Also as mentioned above is that 17 homes sold during the month of October.  The absorption rate for Ramsey based on October’s sales figures is 5 months.

With the First Time Homebuyer Tax Credit extension, the recent market optimism, and macro economic data, we feel that it is a good time to buy real estate in Ramsey. 

If you are interested in buying or selling a home in Ramsey, give us a call and interview us. We would value an opportunity to earn your business and rest assured that as a buyer we will maximize your dollar on real estate. As a seller, you have our full service of global and local marketing, Free CMA report for your home, and strategic plans to sell your home within a comfortable timeline. Contact NJREG today for a free consultation

Be sure to use our MLS/IDX tool in the right column to search for Ramsey NJ homes for sale.  Click on Advanced Search if you would like to specify additional criteria. 

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August 2009 Report 

Due to popular request, I am going to do a mid-month Ramsey NJ real estate report.  Due to increased website traffic and homebuying inquiries, it looks like there are a few indicative factors.  First, the tax credit available until the end of the year has people determined to hit the deadline.  Second, low rates may have buyers thinking about inflation control where the Feds could increase the key interest rates soon to stave off inflation.  And three, historically low home prices.

So without further ado, the real estate report below is from housing data gathered from both the GSMLS and the NJMLS.  Such a pain to have to compile both systems.  I wish there will be a future arrangement of pooling listings together in a partnership?  Wishful thinking. 

As of September 17, 2009, there are currently 77 homes for sale in Ramsey, New Jersey, with an average listing price of $653,628.  Although the majority of the homes for sale are in the $400k’s and $500k’s, there are still plenty to choose from in the $600k to $700k range, with only 11 homes for sale in Ramsey listed for over a million dollars.  The average Days On Market for Active homes in Ramsey is 86 days.

There are currently 26 homes Under Contract in Ramsey NJ.  Although we are not able to determine its sales price yet, we can give averages.  Of the 26 homes in contract or attorney review, the average listing price is $518,534.  I noticed that there were quite a few townhomes that went under contract and sold in complexes such as Timber Valley and Cambridge Heights.  Prices are reasonably lower there and is a good area for first time homebuyers to consider condos for sale in Ramsey, NJ.

I took the liberty in looking into homes sold in Ramsey NJ over the last 3 months, trying to get an indicator on summer.  Here’s what we saw:  Since mid-June to mid-September, a total of 55 homes have sold in Ramsey, NJ.  The average price of a home that sold during this time was $581,095.  The average listing price of all homes sold during this time was $680,421.  Each sale sat on the market for an average of 66 Days prior to contract.  Of all of the homes sold over the last 3 months in Ramsey, NJ, only one sold for over a million dollars.  18 Kate Court sold for $1,080,000 after sitting on the market for only 8 days. 

Absorption Rate of Ramsey, NJ:  6.41 Months

Absorption rates are calculated by taking the total number of homes for sale and dividing it by the number of homes sold in the previous month.  Due to our report coming mid-month, we went back 30 days to mid-August.  An absorption rate simply means that if no other homes came active on the MLS, it would take 6.41 months for all available homes for sale to be bought at the previous months’ sales pace. 

As always, New Jersey Real Estate Guys are here to assist homeowners or investors in purchasing real estate in Ramsey or any other town of Bergen County.  Please contact Scott, the Bergen County pro and schedule a consultation or showing appointment for all of your real estate needs. 

Don’t forget to use our MLS searching tool on our website pages to search for all homes for sale in Ramsey, NJ.

Click here to see our Monthly and Annual “Ramsey State of the Market Reports”

Ramsey is a suburb borough in Bergen County New Jersey located about 25 miles from midtown New York City.  This attractive community has an appearance of pastoral serenity, yet is vital and modern in every respect.  Recreational facilities such as swimming, tennis, junior football, soccer, and baseball for both boys and girls form a cornerstone of this fine community.

Ramsey’s school system, ranked #13 in the entire state of NJ by New Jersey Monthly Magazine includes a four year high school and does an phenomenal job of preparing youths for future endeavors.  Ramsey is an active community that enjoys a small town congeniality.

Browse all Ramsey NJ Homes for sale

The population in Ramsey is approximately 14,595 and the male to famale ratio is near even.  In 2007, the median household income in Ramsey, NJ was $134,512, a near 30% increase from the 2000 income level of $88,187.  Income levels in Ramsey are above the state average of $67,035.

CNN Money recently rated Ramsey as one of America’s best small towns.  In 2009, job growth was a positive 5.01%. 

From March, 2009 to mid September 2009, a total of 63 homes have sold in Ramsey.  The average listing price of homes sold was $697,544.  The average SALES price in Ramsey was $665,882 with an average of each listing being 73 days on market prior to sale.

In searching for Ramsey, NJ real estate and homes for sale, you will have a nice selection from condos, townhomes, and single family homes, with a few multi-family home options as well.  Although many homes have a colonial design to them, you can find simple ranches, bi-level homes, and split-level homes. 

You will never hear the phrase “I’m bored” in Ramsey.  It is not hard to enjoy the fine dining, supurb central location, and recreation activities to keep you busy.  New York City is less than a 30 minute drive from Ramsey where you can enjoy the bright lights and all of the elements that New  York City has to offer.

If you are looking into buying a home in Ramsey, NJ or would like additional information on relocation services, please contact us, and we will be happy to assist you.  We are Bergen County specialists and we would value an opportunity to earn your business.  Please feel free to search our MLS searching tool to the right and browse all Ramsey NJ homes for sale.

Wyckoff New Jersey

Wyckoff has preserved a feel of its pastime rural settings as properties are large and the landscape is nicely wooded.  When searching for Wyckoff real estate, you will certainly find traditional colonial homes, historic farmhouses, oversized lots, and a large selection of newer homes, making Wyckoff, NJ a lovely place to live.  There is a total of five Wyckoff public schools.  High School students attend Ramapo-Indian Hills Regional High School.  The recreation programs are top notch.  Sports such as soccer, baseball, football, basketball, tennis, carry over into the summer where there is a growing summer program for our local athletes.  There is local and diverse shopping in Wyckoff, and don’t forget the Garden State Plaza Mall only minutes away.

View all Wyckoff Homes For Sale

Don’t forget to see our monthly updates on the Wyckoff real estate market.

If you are considering buying or selling property in Wyckoff, you have come to the right place.  New Jersey Real Estate Guys has a strong marketing arm and relationship with some of Bergen County’s top agents so that we can help fascilitate the home of your dreams.

We offer all Wyckoff realtors services for buyers, sellers, and investors.  Please contact us at your soonest convenience to find out more about Wyckoff.  Please CLICK HERE to search the MLS on your own.  If the link is not working correctly, please contact us so that we may get you a list of available homes within your budget.

We understand that home searches begin online.  You need a professional to introduce you to the area and give you advice on the area so that you can make the best educated decision in purchasing your home.  Call New Jersey Real Estate Guys if you are looking for Wyckoff NJ homes for sale!

“Ridgewood, NJ is one of those suburban towns that seem just perfect, a leafy village with a self-sufficient downtown, neighborhoods of wonderful old houses, a low crime rate, no industry, one of North Jersey’s best school systems, and a great recreation program.” –Nan Goldberg Author, “Choosing a Hometown in NJ”

Browse Ridgewood NJ Homes for sale

Ridgewood, NJ is almost always in NJ Monthly’s Top 10% New Jersey Towns in overall rankings.  With the company of towns such as Basking Ridge, Saddle River, Allendale, and many more, it is not difficult to justify this accolade.  Ridgewood is known for its beautiful homes, lush landscape, central location, trendy downtown, and to many as the most important aspect is their pristine school system.  A Blue Ribbon award school system, Ridgewood’s education system was ranked #7 best out of 316 schools in New Jersey’s Monthly Magazine 2008 report, in fact, Ridgewood High School has been ranked #8 best public high school in the entire Garden State.

Ridgewood NJ real estate provides a great amount of beautiful colonial homes in addition to a touch of other magnificant architecture.  The median price of homes for sale will hover around $700,000 albeit, homes may be purchased for far less and far more.

The reasons I chose to purchase my home for my family in Ridgewood was because of the school system, trendy downtown, the millions of kid/adult activities available, and most importantly (to me) was the convenience to New York City which is where I work 3 days a week.  We live in a super quiet and peaceful neighborhood, yet only a short few minutes to Rt. 17 where we enjoy the Garden State Plaza Mall, shopping, dining, and chic entertainment.  C. Nicoletti

If you interested in viewing all of the available Ridgewood NJ homes for sale, or are thinking of buying/selling,  please contact us for a free report or Click Here to browse the MLS yourself.  Be sure to call New Jersey Real Estate Guys for your convenient showing or for additional information.  We service all of Bergen County and offer ALL realtors and Ridgewood relocation services.

CLICK HERE to view an informative map of the beautiful downtown Ridgewood Village.  Be sure to use the zoom in/out keys to help you visualize the map.

CLICK HERE for Ridgewood, NJ real estate relocation and demographics

Below is a chart of the sales activity from last year.  Click twice to enlarge.

All information below is provided by City-Data.com

Ridgewood, NJ Population in July 2008: 24,163. Population change since 2000: -3.1%
Males: 11,629         48.1% of Population
Females: 12,534     51.9% of Population

Estimated median household income for Ridgewood, New Jersey in 2007: $128,648 (it was $104,286 in 2000)

Ridgewood:	$128,648
New Jersey:	$67,035

Estimated per capita income for Ridgewood, NJ in 2007: $63,689

Ridgewood:	$63,689
New Jersey:	$33,832

Estimated median house or condo value for Ridgewood Village, NJ  in 2007: $780,816 (it was $382,000 in 2000)

Ridgewood:	$780,816
New Jersey:	$372,300

Ridgewood, NJ Real Estate and Homes

Mean prices in 2007: All housing units: $847,396; Detached houses: $856,915; Townhouses or other attached units: $678,695; In 2-unit structures: $596,088; In 5-or-more-unit structures: $447,011; Mobile homes: $306,818.  The most recent analysis based on a realtors Comparative Market Analysis shows that price medians have declined from the above by 8% in Ridgewood, largely the result of poor economic conditions.

Races in Ridgewood:

For population 25 years and over in Ridgewood

• High school or higher: 95.9%
• Bachelor’s degree or higher: 66.7%
• Graduate or professional degree: 29.0%
• Unemployed: 3.1%
• Mean travel time to work: 34.6 minutes

According to our research there were no registered sex offenders living in this village (Ridgewood) in early 2007.

Median real estate property taxes paid for housing units in Ridgewood in 2000:

Ridgewood:	2.0% ($7,800)
New Jersey:	2.4% ($4,047)

Colleges/universities with over 2000 students nearest to Ridgewood, NJ:

• BERGEN COMMUNITY COLLEGE (about 4 miles; PARAMUS, NJ; Full-time enrollment: 7,733)
• PASSAIC COUNTY COMMUNITY COLLEGE (about 6 miles; PATERSON, NJ; FT enrollment: 2,452)
• RAMAPO COLLEGE OF NEW JERSEY (about 6 miles; MAHWAH, NJ; FT enrollment: 4,076)
• WILLIAM PATERSON UNIVERSITY OF NEW JERSEY (about 8 miles; WAYNE, NJ; FT enrollment: 8,017)
• FAIRLEIGH DICKINSON UNIVERSITY-ALL CAMPUSES (about 9 miles; TEANECK, NJ; FT enrollment: 6,482)
• ROCKLAND COMMUNITY COLLEGE (about 11 miles; SUFFERN, NY; FT enrollment: 4,409)
• MONTCLAIR STATE UNIVERSITY (about 11 miles; UPPER MONTCLAIR, NJ; FT enrollment: 10,226)

Ridgewood compared to New Jersey state average

• Median household income significantly above state average.
• Median house value significantly above state average.
• Black race population percentage above state average.
• Hispanic race population percentage above state average.
• Foreign-born population percentage significantly above state average.
• Renting percentage below state average.
• Number of rooms per house above state average.
• Percentage of population with a bachelor’s degree or higher significantly above state average

All demographic information has been provided by City-Data.com

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Recently Franklin Lakes has been put in the nation’s spotlight recently with the hit show Housewives of New Jersey, a reality show based on wealthier women who expose the daily routines of being a New Jersey housewife.  Many of New York’s top professional athletes pick this Bergen County suburb as the place to hang their caps and helmets when they’re not on the field of play. Mets manager Willie Randolph and others in uniform enjoy the conservative town’s rural character and easy access to all the metropolitan area has to offer. Say hello to Kelly Ripa as well if you see her walking the town’s well-manicured streets or shopping at the well-known Urban Farms Shopping Center.

Franklin Lakes is a great place to raise a family as well.  Being known for its award winning school system, you can also enjoy weekend trips into New York City, which is a short 30 minute drive.

If you are looking to relocate to Franklin Lakes or are just upsizing or downsizing, be sure to call Scott Allan, your New Jersey Real Estate Guys rep who is very knowledgeable with Franklin Lakes real estate and Franklin Lakes homes for sale in New Jersey.

Total Population in Franklin Lakes, NJ
At the time of the most recent United States Census Survey, the number of people in Franklin Lakes, NJ was 10,422.

Franklin Lakes Male Population
At the time of the last full census survey, the number of men in Franklin Lakes was 5,146, which represents 49.4 percent of the total for the community (The national average is 49.10%).

Female Population
The estimated female population in Franklin Lakes is 5,276 which is 50.6 of the total population (Compared to the national average of 50.90%).

About 65% of males and females over the age of 16 are married.

RACE

White / Caucasian in Franklin Lakes, NJ
Since the most recent consensus study, the estimated White population in the Franklin Lakes is 9,521, which is 91.4% of the total population (U.S. average is 75.10%).

African Americans in Franklin Lakes, New Jersey
The estimated Black/African American population is 96, which is 0.9 percent of the total population in town (The U.S. average is 12.30%).

American Indian and Alaska Natives in Franklin Lakes, NJ
In 2000, the number of American Indians or Alaska Natives in Franklin Lakes, NJ was 11.

Asians in Franklin Lakes, New Jersey
At the last survey, the total Asian population in the community was 660.

Hispanics in Franklin Lakes
The Hispanic population in the Franklin Lakes community was 286, or 2.7 percent of the total population (compared to the national average of 12.50% percent).

HOUSING

Total Housing Units in Franklin Lakes, NJ
At the time of the last census survey, there were 3,395 total housing units in Franklin Lakes.

The number of occupied housing units was 3,322, or 97.8 of the total units in town. Of these, 3,160 were owner-occupied (95.1), and 162 were renter-occupied (4.9, compared to the national average of 33.80%). There were also 73 vacant homes in Franklin Lakes at the time of the last complete survey.

Median Home Values in Franklin Lakes, New Jersey
The total number of single family, owner occupied homes in the community was 3,110, and had a median value of $609,950

Monthly Owner Costs in Franklin Lakes, NJ
For homes with financing or a mortgage, average monthly owner costs were $3,219 (national average was $1,088). For homes without financing or mortgages in Franklin Lakes, average costs per month were $4,002 (national average was $295).

EDUCATION

High School Graduate or higher
At the time of the last survey, 6,518 people in the community had a high school degree, or 94.7 of the population (compared to the national average of 80.40%).

Bachelor’s Degree or Higher in Franklin Lakes, New Jersey
3,645 people in Franklin Lakes also had a Bachelor’s degree or higher, which represented 52.9 of the total population (National average was 24.40%).