River Vale, Bergen County New Jersey sales analysis of homes sold in 2008. The data shows a decline of 28.28% in over all sales volume from high year. Average sales price declines from high year by only 9.53%,while median price declines by only 11.49 percent from high year. Data source is NJMLS all Brokers residential sales.
Full charts and data analysis can be found at River Vale real estate sales.
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Richard
Richard - another great photo ! Down 9.5 percent is not too bad as I would imagine that specific sales price is quite high for the area ?
What a gorgeous home in the picture! I agree with the Somers team, 9.5% down is a good place to be!
Christopher and Stephanie:
Thanks, it's a house I am are building in River Vale, Northern Bergen County is a high end market. The Data is also yearly average comparisons. I suppose high to low tick would be somewhat more. That is the highest ever sale and the current lowest. I estimate that would be more like 15%.
Renee: Thank you on the photo, we are blessed here verses much of the country. We didn't have the same conditions. This is a pretty fully developed area with only minor infill building.
Best,
Richard
Richard, I don't think I've ever seen any of your listings that wasn't a gorgeous home...
Paul,
Thank you very much.
Richard
Rich look like another great home. I like your rotating photos on the side bar. That is an excellent idea for marketing your work.