Category Archives: North Jersey Real Estate

North Jersey Contracts – February 2013

Here it is! The first look at pending home sales (contracts) for Northern NJ. (Source GSMLS, except Bergen- NJMLS) – Updated with 2011 Data February Pending Home Sales (Contracts) ——————————- Bergen County February 2011 – 490 February 2012 – 564 … Continue reading

Posted in Economics, Housing Recovery, North Jersey Real Estate | 24 Comments

Mixed picture for NJ home prices

From the Record: Home prices rise in region and nationwide, CoreLogic says Home prices jumped 8.5 percent in the region and 8.3 percent nationwide from December 2011 to December 2012, as energized buyers chased a shrinking pool of properties, the … Continue reading

Posted in Economics, Housing Recovery, North Jersey Real Estate | 105 Comments

North Jersey Contracts – January 2013

(Source GSMLS, except Bergen- NJMLS) – Updated with 2011 Data January Pending Home Sales (Contracts) ——————————- Bergen County January 2011 – 377 January 2012 – 510 January 2013 – 568 (Up 11.4% YOY, Up 50.7% Two Year) Essex County January … Continue reading

Posted in Housing Recovery, North Jersey Real Estate | 123 Comments

North Jersey Contracts – December 2012

(Source GSMLS, except Bergen which is based off NJMLS) December Pending Home Sales (Contracts) ——————————- Bergen County December 2011 – 489 December 2012 – 516 (Up 5.5% YOY) Essex County December 2011 – 230 December 2012 – 267 (Up 16.1% … Continue reading

Posted in Housing Recovery, New Jersey Real Estate, North Jersey Real Estate | 123 Comments

North Jersey Contracts – October 2012

(Source GSMLS, except Bergen which is based off NJMLS) October Pending Home Sales (Contracts) ——————————- Bergen County October 2011 – 549 October 2012 – 640 (Up 16.6% YOY) Essex County October 2011 – 403 October 2012 – 519 (Up 28.8% … Continue reading

Posted in Economics, Housing Recovery, North Jersey Real Estate | 69 Comments

Has the starter home returned to North Jersey?

From the Record: The return of the under-$300,000 house in Bergen, Passaic counties Tired of paying rent, Jorge and Christine Garcia saved up and recently bought their first home: a move-in-ready colonial in Bogota. Though the property had sold for … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 157 Comments

North Jersey Contracts – June 2012

(Source GSMLS, except Bergen which is NJMLS) Pending Home Sales (Contracts) ——————————- Bergen County June 2011 – 747 June 2012 – 871 (Up 16.6% YOY) Essex County June 2011 – 340 June 2012 – 438 (Up 28.8% YOY) Hunterdon County … Continue reading

Posted in Economics, Housing Recovery, North Jersey Real Estate | 241 Comments

And so it begins…

Hat tip PGC

Posted in Economics, Housing Bubble, North Jersey Real Estate | 292 Comments

How North Jersey came to be

From the Record: Our growing ‘City of North Jersey’: How we got here and where we are going It’s not surprising that Englewood chose to name its high school for Dwight Morrow, a city resident who was a U.S. senator, … Continue reading

Posted in Economics, New Development, North Jersey Real Estate | 112 Comments

One step closer to settlement, at a price

From HousingWire: More than 40 states to sign foreclosure settlement More than 40 states will sign a settlement with the top-five mortgage servicers over alleged foreclosure abuses that arose more than one year ago, Iowa Attorney General Tom Miller said … Continue reading

Posted in Foreclosures, Mortgages, National Real Estate, North Jersey Real Estate | 121 Comments

Location, location, location, or something else?

From the Record: Location still holds key to value The decline in housing values has not fallen equally on all towns. A Record analysis of home prices in the first half of 2011 (the latest available in public records) found … Continue reading

Posted in Economics, North Jersey Real Estate, South Jersey Real Estate | 224 Comments

Sellers: Any questions?

From the Record: Home prices down in most major US cities Home prices in the New York metropolitan area, including North Jersey, dropped 2 percent in the 12 months ended in October, the Standard & Poor’s Case-Shiller index reported Tuesday. … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 146 Comments

The land where unicorns roam

From the NY Times: Demand for ‘Estate’-Like Condos REAL ESTATE optimists have been picking up blips on the radar in Bergen County lately, most recently this one: 24 of 68 “attached manor” condominiums with prices starting at $1.25 million sold … Continue reading

Posted in Economics, Housing Recovery, North Jersey Real Estate | 106 Comments

Vacationeers take advantage of price slump in Vernon

From the NY Times: On Vacation at Home, All Year Long WITH ample opportunities to ski, golf, swim, hike and bike, life in this rural township in the New Jersey Highlands can feel like a year-round resort, residents say. “I … Continue reading

Posted in Economics, Housing Bubble, North Jersey Real Estate | 88 Comments

Northern NJ May Home Sales

Preliminary May sales and inventory data for Northern New Jersey (GSMLS) is in. Please note that this data is subject to revision. The first graph plots the unadjusted sales data (closed sales) for the counties listed. Please note the lower … Continue reading

Posted in Economics, New Jersey Real Estate, North Jersey Real Estate | 327 Comments