December 2013

Found 5 blog entries for December 2013.

If you’re looking for information on the Ridgewood, New Jersey real estate market and a sales trend report for 2013, you’ve come to the right place. As the year comes to a close it is always good to look back and see what factors caused fluctuations in the market and what trends we can expect for the next year. At Tarvin Real Estate, we’ve created our market snapshot to give you the best idea of the community’s trends and think you’ll find this blog post to be a great supplement to that snapshot. Let’s take a look at the Ridgewood NJ 2013 home sales trends and how the real estate market fluctuated throughout the year.

Although existing home sales saw drops in the later part of 2013 (mainly in September and October) likely due to higher mortgage rates,

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The November data from the New Jersey Association of REALTORS® monthly housing market reports indicates a good holiday season ahead in the real estate market. Pending sales were up more than 25 percent from last November, which indicates we'll see more closed sales in the upcoming months. New listings also saw a big gain over last November – more than 27 percent -- which shows seller confidence is increasing. The median sales price had a modest increase at just under 2 percent over last November, which is a good sign of steady recovery.
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The holiday season is one of the most special times in Bergen County, New Jersey. Home to a wealth of exciting holiday activities ranging from memorial runs to fundraisers, concerts to museum exhibits, visits with Santa to building snowmen in the park, you’ll find something for the entire family in the slew of Bergen County upcoming holiday events. Our team of real estate professionals at Tarvin Real Estate has put together a list of some of our favorite activities and attractions during the holiday months to share with you. Let’s take a look at these wonderful events – just another reason why Bergen County is an excellent place to live, work and play.

A Christmas Carol at the Bergen Performing Arts Center: On December 21st, enjoy this interpretation

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(NorthJersey.com, December 2)  Builders are on track to start the largest number of New Jersey homes this year since 2007, signaling the revival of a market that was severely constricted after the recession and the 2008 financial crisis.

According to new census data on building permits, home construction is running about 37 percent ahead of last year's pace. Through October, 20,051 housing units were started — already passing last year's full-year total of just under 18,000.

The market's momentum is being powered by multifamily construction, which has accounted for about 57 percent of the activity through October — a similar percentage to last year.

"Overall, it's a positive report," said Patrick O'Keefe, an economist with the accounting firm

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Ridgewood NJ has been named one of the country's "super zips" by The Washington Post, placing it among 650 zip codes nationwide with the highest median income and percentage of college graduates. Basing its data on the U.S. Census, the report notes that Ridgewood is one of the most educated and highest-earning communities in the country - ranked 99, with a median household income of $154,275 and where 75 percent of residents are college graduates.
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