North Jersey Real Estate Market Trends: Featuring Woodcliff Lake, Hillsdale, and Ridgewood

December 11, 2014 · by Ana Moniz - The Moniz Group · in Bergen County Real Estate, Hillsdale, Market Reports, New Jersey Real Estate, Ridgewood, Woodcliff Lake. ·

Bergen County Real Estate Market Reports

Analyzing the real estate market of a town at a specific time is an important step in both home selling and home buying. In this blog post you will find detailed reports of the Woodcliff Lake, Hillsdale, and Ridgewood NJ real estate markets. Click any image to view more in depth statistics and analysis of the real estate markets of each town, pulled from Ana Moniz’s real estate website. You can create an account on the website view hundreds of lovely Bergen County homes for sale and set alerts for new home listings in your desired towns and price range. If you have any questions, feel free to contact Ana directly! Visit previous blog posts to learn more about each Bergen County town or read about dining and entertainment options in Northern New Jersey.

Woodcliff Lake, NJ Real Estate Market Report

Price Trends – Sold vs. Listed

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).

By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

Market Inventory Trends

The number of active listings in Woodcliff Lake (07677) dropped by 7% from the previous month.

The median number of days active properties have been listed is 73. This is significantly shorter than the national average.

The number of sales in September dropped by 90% from the previous month.

Property Ownership

The percent of unoccupied properties is very low in Woodcliff Lake (07677) . It is -11.99% below the national average.

The percent of owner occupied properties in Woodcliff Lake (07677) is 22.62% above the national average.

Hillsdale, NJ Real Estate Market Report

Price Trends – Sold vs. Listed

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).

By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

Market Inventory Trends

The number of active listings in Hillsdale (07642) increased by 9.7% from the previous month.

The median number of days active properties have been listed is 46. This is significantly shorter than the national average.

The number of sales in September dropped by 93.8% from the previous month.

Property Ownership

The percent of unoccupied properties is very low in Hillsdale (07642) . It is -13.15% below the national average.

The percent of owner occupied properties in Hillsdale (07642) is 22.48% above the national average.

Ridgewood, NJ Real Estate Real Estate Market Report

Price Trends – Sold vs. Listed

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).

By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.