Tenafly Home Sales Up 23% Year Over Year

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According to the National Association of Realtors®  while existing-home sales were down in March they  continue to outpace year-ago levels.   Home prices are showing further signs of stabilizing, while inventory tightens.  Total existing-home sales are 5.2 percent above the 4.26 million-unit pace in March 2011. In Tenafly the cumulative Single family homes sales for the period ending March 31 [...]

Bergen County Real Estate Expected To Be The Strongest in Years

Pending Home Sales Up 9 Percent From A Year Earlier.

Several sources indicate that 2012 is on the way of being a very strong real estate year for towns  such as Tenafly and other Bergen County towns . The Realtors® Confidence Index Report  just published inidcates; Pricing: Respondents noted that properties priced at or below market value tend to sell quickly Inventory:  Numerous comments noted the lack [...]

Cresskill To Get A New Culinary Venue This Spring

Farmhouse Cafe To Open in Cresskill May 2012

Some of you must have wondered about the Swiss Chalet like structure going up on 15 East Madison Ave in Cresskill… Well, the soon to open Farmhouse Cafe will be the new addition to the Tenafly, Cresskill, Closter  & Demarest  neighborhoods. The Cafe is slated to open May 2012. The  Farmhouse Cafe is the new imitative of Tenafly [...]

New Jersey Real Estate Taxes Rose 2.4% And Are still Highest In The Nation

Housing to Improve in 2012

While rising at a slower rate than in previous years, NJ Real estate taxes rose by 2.4% in 2011according to data released by Department of Community Affairs. The average rise was $183 from 2010 to 2011 (2.4%) versus a rise of 4.1% from 2009 to 2010. Statewide the highest increase was in Patterson Bergen County an increase of [...]

Tenafly’s Lea Michele Makes Big screen Debut

Lea Michele Tenafly Native Makes Her Silver Screen Debut

BY AMY LONGSDORF; SPECIAL TO THE RECORD  BERGEN.COM  Growing up, the resident show-stopper on “Glee” hit a lot of high notes as a member of the Tenafly High School honors choir. Lea Michele kept on singing even when she wasn’t in tune with the instructor who oversaw the troupe…..Indeed. Just six years ago, Michele was [...]

Bergen County Sales of Luxury Homes Are Up 14% Year to Date vs 2010

Bergen County Sales of Luxury Homes As Of 11/25/2011

 Sales of single family homes from $1.5 Million and higher totaled 155 homes vs 136 for the same period last year.  This represents an increase of 14% over last year. The table below shows the breakdown by price categories ( all data collected from the NJ MLS and is deemed reliable but not guaranteed) << Click The Photo [...]

Housing To Gradually Improve In 2012 According To Lawrence Yun Chief Economist to NAR

Housing to Improve in 2012

  According to chief economist to the National Association of Realtors,  in a conference held in California , improvement in the housing market is expected in 2012, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost . Yun further predicts a GDP of 2.2% in 2012 and [...]

Tenafly and Neighboring Towns Recent REal Estate Activity

Saddle River French Manor - $5,995,000

Saddle River - New Construction French Country Manor One of a Kind in Gracefullness, Good taste and Private Surroundings. Major Features include: Indoor & Outdoor pools, Theatre, Sauna, Wine Cellar, Library, Elevator, Stunning master suite, heated 4 car garage, cabana with full kitchen & laundry. Offered for $5,995,000 Just Went Under Contract       Tenafly – East [...]

The Bergen County Real Estate Market Conditions

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While the overall  residential sales in Bergen County NJ  did not change significantly year to date from the same period last year ( period ending October 31) some towns are showing huge increases in the number of transactions over last year. The Bergen County Real Estate  Market Conditions, and the average price across the county  remained the same as for the same [...]

Senate Votes to Restore Higher Loan Limits

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Towns like Tenafly will see a further boost to the already active real estate market following The U.S. Senate vote of  60-38 on Thursday, October 20 to approve an amendment to restore higher limits on FHA-backed home loans. The NATIONAL ASSOCIATION OF REALTORS® (NAR) leadership and Government Affairs teams have been working tirelessly to press Congress to restore [...]