All About Ridgewood, NJ Real Estate
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 [...]
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 [...]
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 [...]
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 [...]
Detailed market data for Ridgewood can be found on BergenHomeSale.info, another of my real estate websites. The service is called Market Insider. You’ll find data on current price trends and inventory levels plus community info, school info and tips for buying and selling. One of the unique features of the website is the ability [...]
Michael Shetler
NJAR Circle of Excellence 2009,2011
201.421.0506 cell
Michael@BuyingInBergen.com
257 E. Ridgewood Ave, Ridgewood, NJ
201.445.4300 office
each office independently owned/operated