Looking at the various neighborhoods in 1Q19, Ridge saw the highest number of home sales at 12 units and the highest average selling price at $1,229,367, followed by Willard at 11 units with an average sales price of $884,995. Travell and Hawes continued to provide the most value for the dollar with average home sale prices of $635,313 and $639,643, respectively. Activity in Somerville and orchard was relatively quiet during the period.
As for current inventory, there are 88 homes on the market (as of 4/19/2019) with an average of 65.6 days on the market, and the absorption rate stands at 3.4 months based on the monthly sales rate over the past 12 months. Similar to sales trends, the 3- and 4-bedroom market up to $1.0 mn remains the
strongest market segment.
Who's Taking Care of Your Biggest Investment?
Your home is one of, if not, your biggest investment(s). Your choice of real estate professional to list your home and/or help you find a new one is absolutely critical to your financial well-being.
In 2018, my on-point listing prices, concierge services and customized marketing and sales strategies for
home sellers, plus my keen understanding of what buyers are looking for resulted in the following successes;
● 21 transactions in Bergen County totaling $24.5 mn, including 18 in Ridgewood totaling $20.8mn (rank #2)
● 9 Ridgewood listings totaling $9.8 mn (rank #3)
● 9 Ridgewood buyer's representations totaling $11.0 mn (rank #2).
While the results speak for themselves, don’t just take my word for it, check out my client testimonials at Zillow
thank you to all my wonderful clients.
If you are thinking of buying or selling, please call me or text me to see how I can help you achieve a successful outcome - results matter, let me put my network and market intelligence to work for you as I have with so many other clients.