As expected, the spring market in Glen Rock has been very hot. A low inventory of homes for sale combined with rising interest rates have been the drivers thus far.
The Glen Rock luxury market has been surprisingly strong. New construction homes over $1,100,000 have been selling so briskly that a few have sold privately pre-construction. One home over $1,300,000 sold in a bidding war.
The market for first time buyers has also been brisk. In the last two months, homes under $650,000 went under contract in an average of 23 days.
The Glen Rock spring market has also been aided by a recent ranking of Glen Rock High School by New Jersey Department of Education. The school is the highest ranking non-magnet high school in the state.
Glen Rock Middle School is also highly ranked.
The Otteau Valuation Group forecasts a 5% price appreciation for Glen Rock in 2018, higher than the state average. The company also foresees prices increasing through 2019 and 2020, although at a slower rate.
See Glen Rock, NJ homes under $600,000,
Glen Rock, NJ homes under $800k,
Glen Rock, NJ homes under $1,000,000
and Glen Rock, NJ homes over $1,000,000.
For more information about buying or selling real estate in Glen Rock, call Michael Shetler, 201-421-0506 cell.
New Listings in Glen Rock, NJ