Anat Eisenberg | Tenafly Real Estate Blog
The Tenafly Home Expert
Does the increase in demand in towns such as Tenafly means that the housing market is back? One of the main factors fueling the demand to purchase are the incredibly low interest rates. In fact current mortgage rates are about 49% lower than they were when housing prices peaked in the summer of 2006. A [...]
While the last 5-6 years saw many sales derail due to low-ball appraisals, appraisers are now valuing Bergen County homes at or above their selling prices. This is true for many towns such as Tenafly, Demarest and other neighboring towns. The major reasons for this are shrunken inventories and, a steady appreciation in values. With appraisals being as [...]
The 32nd annual Rubin Run will take place at the Kaplen JCC on the Palisades on Sunday, May 12. Events will include a 10K at 8:30 a.m., a 5K run/walk at 10 a.m., and a half marathon at 7:45 a.m. This Tenafly event has become a Bergen County Staple for many years offering families the opportunity [...]
As reported in the Northern Valley Press South, Tenafly councilman Barry Honig will seek another term come this November. Honig has recently served as liaison to the Tenafly Nature Center. Honig said that before he leaves, he will advocate for the creation of a new educational building pursued by the center. Honig said his decision was mostly based on his family and [...]
The limited inventory and strong demand for housing has created an environment where bidding wars are again more commonplace . Bergen County homes that are priced properly to today’s market place, are getting offers within a short time of coming to market and at times even, multiple offers. While home prices in Bergen County and towns such [...]
It is no secret that Bergen County – The most populous county in the New Jersey ( 905,000 residents) is also the one with the highest property taxes in the state. The median property tax figure in the county ( for 2012) was $9,232. If you look at what are the areas with the highest property tax [...]
With the Spring season around the corner here are a few new homes for sale in Englewood, Demarest and Cresskill Englewood – 120 Huguenot Ave – Offered at $649,000 Demarest – 93 Orchard Road – Offered at $1,179,000 Cresskill – 63 Eisenhower Road – Offered at $1,999,000 For more homes in those towns visit: [...]
The number of homes for sale in New Jersey fell to a 7-year low in January,leaving would-be buyers chasing a shrinking supply of homes just before the spring selling season. Unsold inventory in the state declined 18% to the levels of 2005 at the height of the housing bubble. The combination of rising demand and falling supply portends slim pickings for home [...]
Five good reasons why you should consider listing your Bergen County house today instead of waiting until the traditional Spring season. 1.) Demand Is High The most recent Existing Home Sales Report by the National Association of Realtors(NAR) showed that annual sales in 2012 increased 9.2% over 2011, a pace not seen since 2007. Buyers are out there [...]
Housing inventory continued to drop nationwide and in Bergen County NJ as well. The total active residential listings for the county in 2012 vs 2011 was lower by 849 units representing a drop of 9%. The drop in inventory is even higher in specific towns as is shown below. This drop in inventory, coupled with strong demand, is [...]
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