Allendale Market Statistics - May 2011
By James Lockard, Realtor, Allendale, NJ
(RE/MAX Properties - Saddle River)
As we move into the summer season, June may be the last big month for home sales. Many buyers want to be in their new homes by the time school starts and the mortgage process sometimes takes up to 60 days to complete. Here are the statistics from the New Jersey MLS system for period 5/1/2011 - 5/31/2011. Listing Status Total Total List /Sale Dollars Average List Price Average SoldPrice Sale Price/List Price* Sold 1 $ 780,000 $ 799,000 $ 780,000 97.622 New 15 $ 11,883,500 $ 792,233 Under Contract 7 $ 5,473,222 $ 781,889 Withdrawn 5 $ 3,721,000 $ 744,200 Expired 0 $ 0 $ 0 Current Active 40 $ 35,052,299 $ 876,307 Another month of same activity for Allendale comparing number of solds and number of homes under contract. The current active inventory is starting to ...
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