Emil Ratti
Sales Associate


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Certified New Home Specialist

Residential Construction Certified

Senior Real Estate Specialist


Coldwell Banker
Realty

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  Radburn Community Fair Lawn, NJ

 
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May Housing Stats

Click To view local Monthly Housing Stats 2013 - 2021
 

Market Absorption Rate 
See each county below. 

Seller's Market

Normal Market

Buyer's Market

2 3 4 5 6 7 8 9 10
An Absorption Rate of  7 or higher is a Buyer's Market
Bergen County
Absorption Rate =  
 2.1  
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
1402
845
$627,053
46.5
Essex County
Absorption Rate =   2.6 
 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
809
514
$646,553
31

Passaic County
Absorption Rate =  2.78 

Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
470
320
$431,825
39
Morris County
Absorption Rate =  2.63 

Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
955
578
$605,530
30

Sussex County
Absorption Rate =   3.08 

Seller's Market

New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:

390
236
$354,720
41

June 18, 2021
 
FAA Rules Open Up New Drone Options

82% of Sellers Get List Price or Above

The homebuying frenzy has not only helped seller profits soar but also sped up sales with fewer showings. These astonishing statistics put this unusual market into perspective.



  
Average Home Sales Prices
 
Below are my figures for northern New Jersey:

May

2013 2021
Bergen County $492k $627k
Essex County $524k $647k
Morris County $496k $606k
Passaic County $298k $432k
Sussex County $249k $355k

 
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Seller/Buyer Tips 

The Right Selling Price
Selling Price (bcnjre.com)


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Click To view local Monthly Housing Stats 2013 - 2021

*Wire Fraud is Real*.  Before wiring any money, call the intended recipient at a number you know is valid to confirm the instructions.

·  Always personally verify wire instructions.

·  Use only phone numbers that have called before or can otherwise verify are legitimate.

·  Be very suspicious of emails and phone calls with purportedly updated, revised or corrected wiring instructions. It is extremely rare that a lawyer or title agent will change wire instructions during the course of a transaction.


Coldwell Banker
Realty
Emil Ratti
Sales Associate
Certified New Home Specialist
Residential Construction Certified
Senior Real Estate Specialist


E-Mail

www.BCNJRE.com
NJ Real Estate


 

REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS ® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.

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