Tenafly SoldReport 2010 vs 2011 As of April 30

• The first four months of the year showed unseasonably strong trend although slightly lower than the same period in 2010 ( -5% units sold)
• The average days on market for sold properties in Tenafly shortened this period versus same in 2010 from 142 days down to 138 days (-3%)
• The higher priced segment showed more activity thus affecting the average sold price which rose from $704,113 last year to $809,471 this period ( +15%)

Buyers in general are exercising extra caution in making offers. However, as many buyers have been in the market for the last 18 months they are now ready to buy. The recent interest rates decrease and lack of viable options  where  to conservatively invest,  further  push   money that is parked in the banks  to be invested in real estate.

Tenafly Sold Units January to April

January – April 2010 Total Sold: 58
January – April 2011 Total Sold: 55
-5% Change

Tenafly Average Sold Prices - January to April

January – April 2010 Average Sold Price:$704,113
January – April 2011 Average Sold Price: $809,471
15% Change

Tenafly Dollar Sold Volume - January to April

January – April 2010 Total $ Sold: $40,838,551
January – April 2011 Total $ Sold: $44,520,900
9% Change