Bergen County Home Prices Are Improving But Are Still 18% Lower Compared to 2007

FNC - 6 Year Residential Price Index (2007 vs 2013)

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 [...]

Is It Safe To Sell Your Bergen County Home Now?

This Tenafly Home listed for $1,195,000 Went Under Contract in 25 Days

For would-be sellers who have been stranded on the sidelines since home prices peaked in 2006 now is a good time to sell. Putting your Bergen County home on the market sooner than later will pay off since buyers demand is high and inventories are still low. Buyers search activity  usually peaks in March and April while seller [...]

The Impact Of High Taxes On Bergen County Residents

Bergen County Property Tax

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 [...]

Bergen County Home Supply Lowest in Seven Years Just Before The Key Selling Season

Home Inventory Lowest in Seven Years

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 [...]

Bergen County Housing Inventory Down

Housing Inventory Down

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 [...]

Is Demarest’s Police Department Merger with Bergen County Police A Sign of a Future Trend?

Demarest Police Department Merger with Bergen County Police

After close to 7 months of debates,  discussions and a vote on the proposed police merger that was 1,002 in favor and 756 against, Demarest’s Borough Council decided last week to dissolve the municipality’s Police Department and hire the Bergen County Police Department to do the work instead. According to the official notes as posted by Demarest’s mayor on [...]

Bergen County and New Jersey Homeowners Saved From Hurricane Deductibles

New Jersey homeowners saved from hurricane deductibles

By Christina Mlynski/housingwire.com Various homeowner insurance policies have a deductible based on a property’s insured value, which ranges from 1% to 5%. For example, if there is a 5% deductible for a home that is insured for $300,000, the homeowner would pay $15,000 before receiving money from the insurance company. In New Jersey, for example, [...]

Tenafly -Bergen County- Blue Laws Are Suspended Until Further Notice

Bergen County Blue Laws suspended - until further notice

In an effort to help business owners in Tenafly and in other Bergen County towns recover from the adverse effects of Hurricane Sandy governor Chris Christie lifted the Blue Laws that prohibit businesses to be open on Sunday By order of Gov. Chris Christie — No Blue Laws in Bergen County until Further Notice ALL BERGEN COUNTY BUSINESS OWNERS [...]

Bergen County NJ Towns Halloween Events

Bergen County NJ Halloween Events

Provided by http://ourcommonline.com  For Young Children: Dress up and trick-or-treat through the NJ Children’s Museum at their 14th Annual Spooktackular. Wear your costume and meet an author, hear stories, do crafts and then take part in a town wide parade and haunted house. Go see Stagefright: A Halloween Musical Comedy about a group of trick-or-treaters who come upon the house of [...]

Medeski Martin & Wood Performed First Ever in BergenPAC Englewood

Medeski Martin & Woods at BergenPac Engelewood NJ

Medeski, Matin Woods the 21 year old trio whose amalgam of jazz, funk, “avant-noise” and a million other musical currents and impulses is nearly impossible to classify, performed for the first time ever in Englewood Bergen Pac on Monday. Martin who now resides in Englewood grew up in Closter and attended school in Demarest. Medeski Martin & Wood’s live [...]