The latest real estate data in northern NJ shows a very interesting trend. Average sale prices in luxury markets are increasing – in some cases substantially. Saddle River is showing a 22% increase over 2013 while Franklin Lakes is up 7%. This is in contrast to a 2% decrease in the average sale price across northwest Bergen County.
According to a new report by Redfin, sales of U.S. luxury homes of $1 million and more continued to outpace the rest of the housing market in Q3, 2014. Luxury sales increased by 9 percent while total market declined 1.2 percent from the same time last year. Read more here: Million Dollar Home Sales Increasing in US, Buyers Shifting
Find homes for sale in Saddle River, NJ. Search Saddle River Homes
Find homes for sale in Saddle River, NJ. Search Franklin Lakes Homes
