SEPTEMBER 2013 | BY LAWRENCE YUN A 3% Inflation Rate Will Affect Sales The most recent inflation rate has hovered around the 2% level which is a manageable rate that is not too worrisome to consumers. Pressure though is building up and certain components of the Consumer Price Index such as medical costs, energy, and housing costs are been on the … [Read More…]
By Sanette Tanaka / Wall Street Journal According to Bennie Waller, professor of finance and real estate at Longwood University in Farmville , VA experienced agents sell homes for an average of 12% more than their less experienced counterparts. They also tend to list more new properties. “The more experience you have, the more likely you are to sell the properties that you … [Read More…]
New Jersey Monthly’s bi – annual survey of the best places in the Garden State to call home has just been published. Three of the the top 10 ranking towns are in Bergen county. Norwood came in ranking #4, Tenafly came in ranking #7 and Demarest came in ranking #8. “The rankings are based on the most recent available data … [Read More…]
The public basketball courts which are under the jurisdiction of Tenafly Recreation Department, have been closed for resurfacing and construction as of June 24th. The work has almost been completed and the courts are expected to reopen comes September 27th. The courts are located across from the Tenafly Post Office.
When comparing the average sold prices for the period ending August 31 to the same period last year, the average sold price show a 20% increase! But did Tenafly home prices really go up 20% ? This blog does not think so. When analyzing the breakdown of sales by price range what we find is that while the total numbers … [Read More…]