While the overall residential sales in Bergen County NJ did not change significantly year to date from the same period last year ( period ending October 31) some towns are showing huge increases in the number of transactions over last year.
The Bergen County Real Estate Market Conditions, and the average price across the county remained the same as for the same period in 2010. Towns such as Tenafly & Alpine show an increase in sales of higher priced homes signalling the readiness of buyers that have so far been seating on the fence to take advantage of the low prices and their buying power .
In these towns and the higher price ranges financing has not been an obstacle. The market in general is a buyer’s market and it is value driven across all price ranges.
Town |
2010 |
2011 |
% |
Tenafly |
100 |
136 |
+36% |
Alpine |
11 |
19 |
+73% |
Bergenfield |
126 |
113 |
-10% |
Closter |
64 |
58 |
-9% |
Cresskill |
63 |
51 |
-19% |
Demarest |
50 |
42 |
-16% |
Englewood |
69 |
86 |
+25% |
EnglewoodCliffs |
29 |
35 |
+21% |
Fort lee |
33 |
43 |
+30% |
HarringtonPark |
24 |
31 |
+29% |
Haworth |
20 |
20 |
0% |
Norwood |
36 |
22 |
-39% |
Old Tappan |
41 |
41 |
0% |
Saddle river |
25 |
32 |
+28% |
Teaneck |
160 |
184 |
+15% |