New Jersey Contracts – August 2013

Here it is! The first look at pending home sales (contracts) for Northern NJ.

(Source GSMLS, except Bergen- NJMLS)

August Pending Home Sales (Contracts)

Bergen County
August 2011 – 589
August 2012 – 715
August 2013 – 806 (Up 12.9% YOY, Up 36.8% Two Year)

Essex County
August 2011 – 255
August 2012 – 296
August 2013 – 413 (Up 39.5% YOY, Up 62% Two Year)

Hunterdon County
August 2011 – 92
August 2012 – 133
August 2013 – 154 (Up 15.8% YOY, Up 67.4% Two Year)

Morris County
August 2011 – 333
August 2012 – 442
August 2013 – 463 (Up 4.8% YOY, Up 39% Two Year)

Passaic County
August 2011 – 143
August 2012 – 213
August 2013 – 303 (Up 42.3% YOY, Up 112% Two Year)

Somerset County
August 2011 – 220
August 2012 – 321
August 2013 – 354 (Up 10.3% YOY, Up 61% Two Year)

Sussex County
August 2011 – 105
August 2012 – 139
August 2013 – 170 (Up 22.3% YOY, Up 62% Two Year)

Union County
August 2011 – 241
August 2012 – 258
August 2013 – 373 (Up 44.6% YOY, Up 54.8% Two Year)

Warren County
August 2011 – 80
August 2012 – 95
August 2013 – 130 (Up 36.8% YOY, Up 62.5% Two Year)

This entry was posted in Economics, Housing Recovery, North Jersey Real Estate. Bookmark the permalink.

30 Responses to New Jersey Contracts – August 2013

  1. The last gasp of a dying wildebeest.

    First, mf’er!

  2. Get used to the phrase, “cascading sovereign collapses”.

  3. Fast Eddie says:

    Rates approaching 5% now. What’s the next bait and hook phrase from the realtor playbook gonna be?

  4. Dan in debt says:


    It is always buy now or be priced out forever. Those are some nice two year jumps overall and why did Passaic county catch fire?

  5. Fast Eddie says:

    Dan in debt,

    why did Passaic county catch fire?

    You mean, it’s literally in flames? I better get the he11 out of here! :) Passaic County caught fire because 350K is cheaper than 55oK for the same house in a Bergen County town aspiring to greatness (gag… cough). And yes, it’s always a great time to buy when a commission check is to be had at the expense of some poor sap. No one told him that the water heater is about to blow or 30% of the roof is rotting away underneath the pretty tiles that the “inspector” blessed while sitting in his truck filled with coffee cups and donut crumbs.

  6. grim says:

    Passaic County August – Big Movers

    2012 – 40
    2013 – 59

    2012 – 19
    2013 – 33

    2012 – 12
    2013 – 23

    2012 – 43
    2013 – 63

    West Milford
    2012 – 16
    2013 – 35

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  8. yawn says:

    happy bday to grim

  9. bad anon says:

    How shortsighted! Everybody knows that those who borrow and buy do it for the low rates and easy lending, and those who buy with cash have nowhere else to invest. More so in the NY area where people are forced out of the city because manhattan brooklyn became a playground for the real rich and city schools suck. But buyers, realtors and all others having a stake at this shitty economy will soon pay. The situation is not different from the 07 bubble only difference there was no cheer leading here.

    Corporate and Financial Debt Soar to Pre-crisis Levels

  10. bad anon says:

    Last time you had such good number for your POS it was a bubble. This time it’s not a bubble because of the great fundamentals-you know rising incomes, high employment, cheaper life. Hahaha

  11. anon (the good one) says:

    told u that got 36-month 0.0%

    @BloombergNews: 17% surge in U.S. auto sales pushes annual rate to pre-recession, boom-time levels |

  12. Comrade Nom Deplume, unpacking boxes for the foreseeable future says:

    Closed, moved, got internet hooked up, got back on NJRER. The top is officially in and we slide into the Clotesque world of the macabre.

  13. Njescapee says:

    Comrade congratulations on the purchase and move. Friends of ours just closed on a townhouse in Center City and are loving it. We have been living on and off at our condo in Ft Lauderdale and Key West bungalow. Life is good!

  14. このため南西モンスーンの影響を強く受ける artokai。7月から11月まで台風の影響を受け、特に国土の中央部が被害を受けやすい北部は温帯性の気&

  15. Weasels ripped my flesh.

  16. Juice Box says:

    Congrats on being a Bagholder again Comrade!

  17. Njescapee says:

    Weasels was a pretty good record.

  18. Comrade Nom Deplume, unpacking boxes for the foreseeable future says:

    Not exactly pitcher’s duels, these last three games. Coulda used all those runs elsewhere in the season.

  19. Comrade Nom Deplume, unpacking boxes for the foreseeable future says:

    [13] escapee

    Really? Where? I probably know the area.

    My dad is going to be back in Naples snowbirding in a few months. Hopefully, he has a longer than expected work schedule ahead of him though–he works for the Red Sox.

  20. Comrade Nom Deplume, unpacking boxes for the foreseeable future says:

    Backpedaling as fast as he can . . .

    Then: “We have been very clear to the Assad regime, but also to other players on the ground, that a red line for us is we start seeing a whole bunch of chemical weapons moving around or being utilized. That would change my calculus. That would change my equation.” (8/12)

    ““We go on to reaffirm that the President has set a clear red line as it relates to the United States that the use of chemical weapons or the transfer of chemical weapons to terrorist groups is a red line that is not acceptable to us, nor should it be to the international community.” (staff, 4/13)

    Now: “First of all, I didn’t set a red line. The world set a red line. The world set a red line when governments representing 98 percent of the world’s population said the use of chemical weapons are [inaudble] and passed a treaty forbidding their use, even when countries are engaged in war. Congress set a red line when it ratified that treaty. Congress set a red line when it indicated that in a piece of legislation entitled the Syria Accountability Act that some of the horrendous things happening on the ground there need to be answered for.” (9/13)

    Hope and Change. Yep.

  21. Comrade Nom Deplume, unpacking boxes for the foreseeable future says:

    [24] redux,

    I think we’ve discovered anon’s identity.

    This has to be one of the most epic punts of all time. Faced with a clear flip flop, WaPo acknowledges it and then says, well, read it for yourself. It’s priceless.

  22. I still don’t buy that Assad is stupid enough to set off a chemical weapon in a suburb of his own city with a UN inspection team in a hotel just miles away from the site.

    I would not be surprised at all if the WMD was set off by a Saudi-backed rebel group.

  23. Juice Box says:

    We are going to bomb to help these guys win?

    CNN) — An al Qaeda-linked rebel group has wrested control of the historic Christian town of Maaloula from regime forces, opposition groups said Sunday.

    The Syrian Observatory for Human Rights said the hardline Islamist rebels of the al-Nusra Front seized control Saturday night.

    Videos posted on YouTube in recent days showed fighting between rebels and government forces in the tiny sleepy town, an hour’s drive from the capital Damascus.

    “We cleansed Maaloula from all the Assad dogs and all his thugs,” a rebel commander shouts at the camera in a video posted online over the weekend.
    Pope Francis holds peace vigil
    Syria chemical attack analysis

    What the capture will mean for the Christian residents waits to be seen.

    As the 18-month-long Syrian conflict festers, the government and the opposition welcome and need Christian support.

    But some Christians fear radical Islamists have been swelling rebel ranks.

    They also fear the same fate as a number of Christians during the war in Iraq, where militants targeted them and spurred many to leave the country.

    Christians make up roughly 10% of the population. Syria is ruled by a government dominated by Alawites, whose faith is an offshoot of Shiism. The regime is opposed by an opposition with a large Sunni presence.

    Aid agencies say Syria’s 2 million Christians are often targeted for suspected sympathies to President Bashar al-Assad’s regime. Two top bishops have been kidnapped; a well-known priest is missing.

    Antoinette Nassrallah, the Christian owner of a cafe in Maaloula, told CNN last year she had seen government TV images depicting radical Muslim attacks on Christians. She said she has heard about such violence in Aleppo.

    “For now in our area here it’s fine,” she said last year. “But what I heard, in Aleppo, they are killing, destroying many of churches — very, very old churches.”

    Many of Syria’s Christians have fled to Lebanon where they shelter in monasteries.

    On Saturday, they joined in prayers for peace promoted by Pope Francis in Rome.

    Last year, the U.S. Treasury imposed sanctions on leaders of al-Nusra while the State Department blacklisted it as a foreign terror organization linked to al Qaeda in Iraq.

    Al-Nusra Front has emerged as one of the most effective groups in the Syrian resistance, drawing on foreign fighters with combat experience in Iraq and elsewhere.

    But Washington accuses the group of using the Syrian conflict to advance its own ideology and ends.

    Elsewhere in Syria, Russia sent a plane to pick up its citizens from the war-torn Middle East nation, state media reported Sunday

  24. Rest assured that our involvement in Syria will lead to the worst possible outcome.

  25. The sad thing is that Bojangles and his advisers know we will make it worse…and locking in the worst possible outcome is the basis of their plan.

  26. anon (the good one) says:

    @SenSanders: One out of five children in this country are living in poverty and more than 46 million Americans are poor.

  27. joyce says:

    Who gives a sh-t about his words?

    Comrade Nom Deplume, unpacking boxes for the foreseeable future says:
    September 7, 2013 at 11:14 pm
    Backpedaling as fast as he can . . .

Comments are closed.