Pascack Valley NJ Real Estate : July 2007

The Real Estate Bidding War - what causes it?

"What Is a Real Estate Bidding War - and what causes it?"  As Realtors® we see Bidding Wars happen in different situations and on different homes.  The concept is one that occured more often in the "HOT" real estate market of the past five years but they do indeed still happen on homes for various reasons.

When we're working with a Buyer who puts an offer on a home that has been on the market for an extended period of time and then is told that there are other offers, what does it mean?  READ MORE >>>>>

When a Seller lists their home, what can they expect in the Offer process?  READ MORE >>>>>

The "Best Offer" isn't always the most money. The best buyer for a home might be the buyer who has the best terms.  There is often more than one important fact the Seller must consider.  READ MORE >>>>>

Is the First Offer really always the best?  READ MORE >>>>>

What happens when the Buyer you chose backs out during the Review Process? READ MORE >>>>>

"What Is a Real Estate Bidding War - and what causes it?"   Real Estate Transactions can be very complex.

We're here to offer you the assistance of a motivated and experienced professional Team.  When Buying or Selling in the Pascack Valley area of Bergen County, New Jersey call Bob & Lisa at (201)218-6802 or visit us online at www.HammersTeam.com.  We're your Pascack Valley Real Estate Resource!

Tug of War

If you or someone you know is planning a Move or Sale of their home in the near future, call your Bergen County, NJ experts, Lisa & Bob Hammerstein at (201)218-6802 or visit us on our website at www.HammersTeam.com.  We'll be able to help you if you're Moving or Selling in any of the towns located in Bergen County New Jersey.


For more Local Information about the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802or visit us online at www.HammersTeam.com.

Your Real Estate Resource for the Bergen County - specializing in the Pascack Valley!


coldwell banker logo

__________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors  Free Bergen County Home Evaluation

Robert & Lisa Hammerstein • Sales Associates • Coldwell Banker • (201)315-8618

Address • 50 Broadway • Hillsdale, NJ 07642 •

 

DISCLAIMER: We must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to our blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are ours.

Pascack Valley Towns Market Report for Single Family Homes - June 2007'

The following chart shows the Sales Activity of Single Family Homes for the month of June 2007, in the Pascack Valley area of Bergen County, New Jersey.

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Hillsdale Real Estate Market Activity: 

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold9 $ 5,123,000 $ 612,856 $ 569,222 $ 470,000  92.880
There are currently 59 Actively Listed homes in the town of Hillsdale with an average List Price of $634,125.

River Vale Real Estate Market Activity:

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold9 $ 5,793,850 $ 661,606 $ 643,761 $ 587,500  97.303
There are currently 68 Actively Listed homes in the town of River Vale with an average List Price of $823,125.

Westwood Real Estate Market Activity:

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold12 $ 6,043,777 $ 520,711 $ 503,648 $ 490,000  96.723
There are currently 51 Actively Listed homes in the town of Westwood with an average List Price of $557,847

Emerson Real Estate Market Activity: 

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold3 $ 1,769,000 $ 614,800 $ 589,667 $ 429,000  95.912
There are currently 42 Actively Listed homes in the town of Emerson with an average List Price of $639,243.

Park Ridge Real Estate Market Activity:

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold5 $ 2,942,700 $ 619,140 $ 588,540 $ 560,000  95.058
There are currently 31 Actively Listed homes in the town of Park Ridge with an average List Price of $745,348.

Montvale Real Estate Market Activity:

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold8 $ 6,301,400 $ 819,225 $ 787,675 $ 610,000  96.149
There are currently 32 Actively Listed homes in the town of Montvale with an average List Price of $874,281.

Woodcliff Lake Real Estate Market Activity:

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold4 $ 3,723,000 $ 998,250 $ 930,750 $ 705,000  93.238
There are currently 45 Actively Listed homes in the town of Woodcliff Lake with an average List Price of $1,170,057.

Washington Township Real Estate Market Activity:

Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price
Sold9 $ 5,202,800 $ 590,956 $ 578,089 $ 539,000  97.823
There are currently 50 Actively Listed homes in the town of Washington Township with an average List Price of $674,916.

 

Compare the previous month's activity for the Pascack Valley by clicking on the following link:

MAY 07' Pascack Valley Market Report 

For more information on Listings in the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802, or visit us online at http://www.hammersteam.com/ your Pascack Valley Real Estate Resource!  It's a great time to "Buy A Home" in the Pascack Valley.  We're keeping an eye on the market for you....

Click on the links below to view some scenes of these picturesque towns.

EMERSON

HILLSDALE

RIVER VALE

WESTWOOD

PARK RIDGE

MONTVALE

WOODCLIFF LAKE

WASHINGTON TOWNSHIP

Click the House on the right to see the benefits of working with the HammersTeam!HammersTeam Show

If you or someone you know is planning a Move or Sale of their home in the near future, call your Bergen County, NJ experts, Lisa & Bob Hammerstein at (201)218-6802 or visit us on our website at www.HammersTeam.com.  We'll be able to help you if you're Moving or Selling in any of the towns located in Bergen County New Jersey.


For more Local Information about the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802or visit us online at www.HammersTeam.com.

Your Real Estate Resource for the Bergen County - specializing in the Pascack Valley!


coldwell banker logo

__________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors  Free Bergen County Home Evaluation

Robert & Lisa Hammerstein • Sales Associates • Coldwell Banker • (201)315-8618

Address • 50 Broadway • Hillsdale, NJ 07642 •

 

DISCLAIMER: We must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to our blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are ours.

The Rain Is Keeping Us "ACTIVE"! - Our story on Social Networking.....

The Rain Is Keeping Us "ACTIVE"!  We can't say enough about all the benefits we are getting with the Active Rain Network.  We just received our July edition of New Jersey Realtor Magazine and there was one more benefit.  Active Rain helped to get us published!  Some time back, we received a phone-call from Bridget McCrea, a freelance writer for the publication.  She had discovered us on the Active Rain network and wanted to interview us.  Bridget was doing an article on "Social Networking" and asked us to share our experiences with her about Active Rain.New Jersey Realtor Magazine  It was our pleasure to oblige and tell Bridget all the benefits of social networking on the Active Rain Network.

Our friend and Active Rain colleague, Bill Collins in Scotch Plains, New Jersey was also interviewed by Bridget for the article.  If you haven't been convinced yet about this new trend called "Social Networking", we hope this will illustrate the many benefits for real estate professionals as well as the general public. Check this out:

  1. Networking with other agents and real estate professionals across the Country increases your visibility both online as well as locally.
  2. A free flowing exchange of ideas amongst professionals in your Industry creates good will.
  3. Localism.com (part of the Active Rain network) offers Home Buyers & Sellers free Local expert information.
  4. Buyers & Sellers can Ask Questions on the site and get answers from the experts without obligation.
  5. The public gets to see the insider's view on the real estate process by reading the many Blog posts by industry professionals.
  6. Referrals become easier for professionals who can learn more about the individual members who have made a commitment to the network across the Country.
  7. Advertising is free to the members.

Possibilities are endless when it comes to Social Networking.  It has become a well known statistic that most people search the Internet before making a decision regarding their real estate needs.  So if you've been wondering what all the "Buzz" is around Active Rain and Social Networking, this is our story on how The Rain Is Keeping Us "ACTIVE"!

For those searching for a real estate expert in the Pascack Valley area of Bergen County, New Jersey, call Lisa & Bob at (201)218-6802 or visit us online at http://www.hammersteam.com.  "OR" you can visit us here at http://activerain.com/hammersteam.

 

 

 

 

If you or someone you know is planning a Move or Sale of their home in the near future, call your Bergen County, NJ experts, Lisa & Bob Hammerstein at (201)218-6802 or visit us on our website at www.HammersTeam.com.  We'll be able to help you if you're Moving or Selling in any of the towns located in Bergen County New Jersey.


For more Local Information about the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802or visit us online at www.HammersTeam.com.

Your Real Estate Resource for the Bergen County - specializing in the Pascack Valley!


coldwell banker logo

__________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors  Free Bergen County Home Evaluation

Robert & Lisa Hammerstein • Sales Associates • Coldwell Banker • (201)315-8618

Address • 50 Broadway • Hillsdale, NJ 07642 •

 

DISCLAIMER: We must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to our blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are ours.