Old Tappan, Bergen County New Jersey sales analysis of homes sold in 2008. The data shows a decline of 30.5% in over all sales volume from high year. Average sales price declines from high year by only 5.39%,while median price declines by only 9.55 percent from high year. The growth of larger homes over recent years have supported the drop in pricing.
Full charts and data analysis can be found at Old Tappan real estate sales.
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Richard
Interesting stats and a great photo ! What do you think about the rally in commodity stocks and oil stocks ?
I didn't realize they were down by that much....
Chris:
I'm looking to get short oil, I meant to blog to sell short $50.50 feb contract on the blog. I may still put a short out soon.
Paula: How are you? Happy New Year.
It is the $ volume that is down, 30.5%(total sales). The overall average sale and median sale were holding very strong compared to most. I have charts on the link.
Best
Richard
Richard, When you look at the rest of the country 9.5% is not all that bad...
Congratulations on topping 50,000 points! Great report (and a beautiful home in that photo!).
Ouch on the sales decline but luckily the price declines are NO where near ours! WOO HOO to that!
Paul, Old Tappan prices did not decline too hard, mostly because of a big house boom.
Margaret, Thank you very much.
Renee, The prices had been going up due to bigger homes also, sales volume is weak as you see. I read on your blog that your activity is picking up, great.
Richard