This Month in Real Estate
February 22, 2012 By Leave a Comment
Short Sale Search Tips
February 18, 2012 By Leave a Comment
How do you search for short sales on the market in Ridgewood, Glen Rock, Saddle River or any area in Bergen or Passaic? (Short sale and preforeclosure mean the same thing.) You can using the advanced search function on my website at http://www.bergenhomesale.info/search/. Under “listing type” check off only “Short Sales”. You can search by [...]
Ridgewood Short Sale Listings
February 7, 2012 By Leave a Comment
There are currently 3 short sale listings in Ridgewood. This link is updated daily – I invite you to bookmark it and check back regularly. Q. Why are they called “short sales”? A. The seller won’t have enough funds to pay off his/her obligations at the closing table, so is short of funds. These obligations [...]
January Pending Sales Up 40% in Bergen County, NJ
February 6, 2012 By Leave a Comment
It was a hot January in northern New Jersey. The number of homes under contract in Bergen County jumped 40% compared to January of last year. Certainly the weather helped, with only one bad-weather weekend. Record low mortgage rates of 3.75% also contributed, as did the improving economy. The limited inventory of homes this winter [...]
Ridgewood Median Sales Price
January 24, 2012 By Leave a Comment
2011 saw home prices in Ridgewood, NJ, fall about 4% – a settling which was bound to happen sooner or later. (When prices in the rest of Bergen were falling in 2010, Ridgewood prices rose 6%.) But it looks like the 2011 downward trend has stabilized. December prices were nearly identical to prices at the [...]
Ridgewood Short Sales and Foreclosures
January 18, 2012 By Leave a Comment
Starting today, preforeclosure and foreclosure information for Ridgewood is available on my Ridgewood website at http://ridgewood-nj-real-estate.com/short-sales-foreclosures/. The data is provided through a partnership with RealtyTrac. In addition to preforeclosures and foreclosures in Ridgewood, visitors are able to view auctions and government-owned homes. For more information on distressed properties in Ridgewood and other areas in Bergen [...]
This Month In Real Estate
January 14, 2012 By Leave a Comment
Ridgewood Housing Inventory at 2 Year Low
January 10, 2012 By Leave a Comment
There are currently only 79 single family homes on the market in Ridgewood, 18% less than one year ago. In 2010, the last time inventory was this low, Ridgewood home prices rose 6% while the rest of the country was in decline. 79 homes on the market translates to four months of inventory. A balanced [...]
January 6, 2012 By Leave a Comment
Michael Shetler