The Ramsey real estate market has definitely turned the corner. Like all of our area and all of the country for that matter, the real estate market took a down turn beginning in late 2006. For years, real estate professionals were anticipating a market turnaround that didn’t want to happen. Well that has changed over the last 18-24 months!
Ramsey and all of Northwest Bergen County has seen inventory drop, prices begin to rise and the number of units sold increase dramatically! Here are the stats, right off of the New Jersey MLS comparing 2013 to 2012:
- Northwest Bergen Single/Condo Home Sales 2013: 2,055 (up 13%)
- Northwest Bergen Average Sales Price 2013: $699,715 (up 9%)
- Northwest Bergen Active Inventory 12/31/13: 531 (down 34%)
- Ramsey Single Family/Condo Home Sales 2013: 205 (up 8%)
- Ramsey Average Sales Price 2013: $517,737 (up 8%)
- Ramsey Active Inventory 12/31/13: 45 (down 37%)
I'm proud to lead a great group of Realtors at Coldwell Banker Ramsey/Upper Saddle River. Visit us at http://www.cbmoves.com/ramsey or give us a call at (201) 825-7700.