Real Estate Bergen County New Jersey | Homes For Sale

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Franklin Lakes Home Sales Report 2008

Franklin Lakes real estate, Bergen County New Jersey Home sales report for 2008. Franklin Lakes showed one of the larger unit volume declines of 60% from the high year of 2004. However, there was only a decline of 15.11% for median home sale price from the prior year which was the high year for median price. Data source is the New Jersey Multiple Listing Service.

Hopefully, we are see a bottom forming in this market now. For about 6 months or more Jumbo loans have been next to impossible. Loans to $1,000,000 were available from savings and loans, but the larger jumbo's were tough. Now we can get loans with lesser spreads for 30 year fixed you to $4,000,000. Franklin lakes has many high priced homes, which need jumbo loans in many cases.

Click on grapgh below for full report with charts and analytics.

Franklin Lakes Home Sales Unit Volume

View Franklin Lakes New homes for sale

View My new homes for sale and other real estate

View all IDX listings for Franklin lakes real estate from NJMLS-GSMLS

Richard

 

Information and data is believed to be true but not guaranteed

 

 

7 comments • Richard Stabile Bergen County New Homes Builder Realtor • March 11 2009 08:24PM

Comments

The chart you have is interesting that the turn year was 2004 for a peak in home sales.  I saw the same in a few other markets.  Atlanta turned a little later I beleive hte peak was June 2006.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) about 3 years ago

Jim,

You know I been hopeing for a turn around hear, some areas are.

Richard

Posted by Richard Stabile Bergen County New Homes Builder Realtor (REMAX real estate associates) about 3 years ago
Mr. Kelman,Thanks for the cciiifrlataon but I hope you see the point that Marlow ios making. It has less to do with whether or not a CEO holds an MBA as that is only one designation that she suggests one may have. It has much more to do with viewing real estate as a simple commodity and not having any real estate background. Certainly there will be people like yourself who succeed and I truly welcome your success as I welcome the ways in which companies like Redfin bring about much needed change in the real estate industry. Kudos to you for your success without an MBA. I certainly don't begrudge you that.Mr. Kay,Amen!Anon,Curious about your comment regarding another infamous Manhattan Real Estate agent? I'm sorry if you haven't had luck with those whom you have worked with in Manhattan but I assure you that we're all not infamous. Also, for the record, Marlow points out in her post that she is not trying to make this an ageist or sexist topic. Agree with you though that it seemed to play out that way.As you may know if you have read this blog with any regularity, I am a big believer that more information is always good and transparency of information is absolutely necessary.
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