Inventory Across Northern NJ Down 20%

The Market Update published by the New Jersey MLS (NJMLS) for December, 2013 shows the number of single family homes on the market is down 20% from a year earlier. The area covered by NJMLS includes Bergen, Essex, Hudson and Passaic Counties. Inventory of condos and townhouses is down even more at -27%. Other telling statistics … Continued

How to Choose a Home Inspector

A home is the most expensive thing you’ll probably ever purchase. Choose your home inspector carefully. Recently I spoke with Mark Cafiero from Pinnacle Inspection Services about what to look for when you’re choosing your home inspector. Once you’re in attorney review, you’ll want to speak with two or three inspectors to help you make … Continued

MLS Year End Wrap Up

2013 was a good year! NJMLS year-end statistics for 2013 vs. 2012 show very positive numbers: Entire NJMLS (all categories, all areas): Solds +20.8% Median Sale Price +5.5% Under Contracts +15.8% Actives -13.4% Days On Market -12.1% Single Family Homes (all areas): Solds +19.7% Median Sale Price +5.3% Under Contracts +16.1% Actives -17.4% Days On Market … Continued

“The Record” Reports On Housing Recovery

Over the last year or so I’ve been writing regularly about the strong real estate market here in northern New Jersey. Working with home buyers on a daily basis, I’ve talked to more than a few people who aren’t necessarily convinced. I can understand if buyers take my information with a grain of salt, as … Continued

Comparing Property Taxes

UPDATE: See Bergen County Tax Rates 2017-2018.   Download the Chart: Bergen County 2013 Equalized Tax Rates Are you planning to buy a home in Bergen County sometime soon? If you’re concerned about property taxes, here’s a tip. What you see isn’t necessarily what you get. That’s because tax rates are applied to a home’s … Continued

18% Increase In Bergen Home Sales

Year to date, the number of homes sold in Bergen County is up 18% over last year. The number of days it took to sell is down 14% to 82 days. And the average sold price is up 5%, according to data from the New Jersey MLS. The recovery from the recession is well underway, … Continued