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If I can't help you, I will find someone that can. We work with Realtors across the nation.

 
 Emil Ratti
Sales Associate


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Certified New Home Specialist

Residential Construction Certified

Senior Real Estate Specialist


Coldwell Banker
Realty

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The Whitteny in Allendale NJ

 
August Special Days 

Aug 4 Coast Guard Birthday
Aug 7 Purple Heart Day
Aug 14 Social security Act
Aug 18 Women's Suffrage
Aug 21 Senior Citizens Day
Aug 30 National Beach Day
Aug 30 College Colors Day


June Housing Stats

Click To view local Monthly Housing Stats 2013 - 2021
 

Market Absorption Rate 
See each county below. 

Seller's Market

Normal Market

Buyer's Market

2 3 4 5 6 7 8 9 10
An Absorption Rate of  7 or higher is a Buyer's Market
Bergen County
Absorption Rate =  
 2  
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
1351
1152
$645,995
40
Essex County
Absorption Rate =   2.87 
 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
875
688
$700,047
30

Passaic County
Absorption Rate =  2.91 

Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
522
352
$455,459
31
Morris County
Absorption Rate =  2.1 

Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
1002
855
$676,640
31

Sussex County
Absorption Rate =   3.1 

Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
451
296
$356,053
38
New Jersey
Real Estate

Public State and County Reports

 
In a statement last week, Moody's Investor Service revised New Jersey's economic outlook from stable to positive. According to Moody, the state is in a better-than-expected financial position following the COVID-19 pandemic.
 
The state's rating was upgraded to positive following actions and plans set in place with the Fiscal Year 2022 budget, which went into effect July 1. These include bonds issued from the Garden State Preservation Trust, the state's appropriation debt, the County College Enhancement Program Chapter 12, the NJ Transportations Trust Funds Authority's Federal Highway Reimbursement Revenue Notes, and more.
 
Gov. Murphy applauded Moody's decision in a statement released last week—click here to read the governor's statement.
 

 

On Friday, June 18, 2021 Governor Murphy signed into law the “Fair Chance in Housing Act.”

On Friday, June 18, 2021 Governor Murphy signed into law the “Fair Chance in Housing Act.”

The U.S. Department of Housing and Urban Development does not prohibit the use of criminal history-based policies. However, S250/A1919, which is known as the “Fair Chance in Housing Act,” was signed into law by the Governor of New Jersey. Under this law, with certain exceptions, a landlord and its agent in New Jersey are prohibited from requiring a potential tenant to complete any housing application that includes any inquiries regarding the tenant’s criminal record prior to there being a “conditional offer,” which is defined as “ an offer to rent or lease a rental dwelling unit to an applicant that is contingent on a subsequent inquiry into the applicant’s criminal record, or any other eligibility criteria that the housing provider may lawfully utilize.” This law goes into effect seven (7) months from when it was signed


FY 2022 State Budget
 
Gov. Murphy signed the Fiscal Year 2022 state budget, totaling $46.3 billion, into law on Tuesday. For the 15th year in a row, the state budget contains no direct tax or fee increases on real estate, such as a realty transfer fee increase, seasonal rental tax or tax on commissions.
 
The budget also contains funds New Jersey Realtors® advocated for including over $1 billion for property tax relief, $10 million for homebuyer assistance programs, and $10 million for lead hazard remediation funding. The new fiscal year begins on July 1 and runs through June 30, 2022.

According to the National Association of Realtors the median home prices rose over 23% year over year to $363,300 – the highest on record.



June 18, 2021
 
FAA Rules Open Up New Drone Options

82% of Sellers Get List Price or Above

The homebuying frenzy has not only helped seller profits soar but also sped up sales with fewer showings. These astonishing statistics put this unusual market into perspective.

 

 


Helpful Real Estate Articles

Buying Your New Home

Selling Your Home

Home Maintenance

Condo/Townhome Tips

Seniors 55+

Smart Homes and Features

Do Not Pay Too Much For Your Home

Make Yourself Scarce

Moving and Relocation

NJ School Reports

Your First Home

 

Average Home Sales Prices
 
Below are my figures for northern New Jersey:

June

2013 2021
Bergen County $510k $646k
Essex County $566k $700k
Morris County $501k $677k
Passaic County $307k $455k
Sussex County $264k $356k

 

 


*Wire Fraud is Real*.  Before wiring any money, call the intended recipient at a number you know is valid to confirm the instructions.

·  Always personally verify wire instructions.

·  Use only phone numbers that have called before or can otherwise verify are legitimate.

·  Be very suspicious of emails and phone calls with purportedly updated, revised or corrected wiring instructions. It is extremely rare that a lawyer or title agent will change wire instructions during the course of a transaction.

 E-Mail Emil Ratti
Sales Associate
Certified New Home Specialist
Residential Construction Certified
Senior Real Estate Specialist


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www.NJCondoTownHomes.com
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 Luxury Homes NJ Multiple Listing Service Free Market Analysis   Helpful Buying/Selling Tips Mortgage Calculator

 

REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS ® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.