Below are the market statistics for Allendale residential homes from the New Jersey MLS system for the period 5/1/2008 7/31/2008.
|
|
May |
June 2008 |
July |
|
Number of Homes on market |
51 |
53 |
53 |
|
Number of Homes sold(closed) |
3 |
9 |
7 |
|
Average Sold Price |
$1,076,667 |
$936,389 |
$800,971 |
|
Sale Price / List Price |
91.27 |
92.735 |
90.345 |
|
Average Days on Market |
95.33 |
48.67 |
70.43 |
The market is holding relatively steady with 7 homes sold in July as opposed to 9 in June. Four more are also under contract. Another $140,000.00 decrease in average selling price in July from June as was about the same from June from May. Of the seven sold in July two were under $450,000 and two ere over $1,000,000. As predicted last month in the my blog, Allendale Real Estate Market Conditions - July 2008 , the days on the market has rebounded back to an average of 70.43 days, which is still less than the average of 89.5 days for all of Bergen county residential homes.
Anything in these numbers you see that you would like to discuss? Would you like to see any other statistics for Allendale or surrounding towns? Send me an email and let me hear your thoughts! I am always interested to hear what you have to say.
If you are interested to find the current value of your home allow me to provide a free Comparative Market Analysis specifically for you. Please visit my website at http://www.bergencounty-homes.com/ or call me directly on my cell phone: 201-674-3114
If you would like a free list of homes for sale in Allendale or would like more information about Allendale, or you would like to be the first to know about hot new listings before other Allendale buyers do, then give me a call at:
James Lockard
RE/MAX Properties
Office: 201-825-6600
Cell: 201-674-3114
Email: jlockard@remax.net
Website: http://www.bergencounty-homes.com/
Statistic from NJ MLS System. Information herein deemed reliable but not guaranteed!
