Bergen County Real Estate – A First Quarter Report

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Bergen County real estate is important.  This is the largest county in New Jersey with 948,000+ people and we are one of the most affluent counties in the US.  What happens here influences everyone in the NYC metropolitan area.  The Bergen County housing market reflects the Tri-State economy and outlook.  So let’s take a look at our first quarter real estate market. Home Prices Are Moderately Higher Comparing the 1st…

Bergen County Luxury Homes Are Making A Comeback

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Whether you’re talking about Bergen County New Jersey or anywhere else in the US, the housing market recovers at both extremes first and the rest of the real estate market comes along.  Now that we’re halfway through 2011, I thought it would be helpful to take a quick look at the numbers for Bergen County luxury homes. There’s no doubt that good things are happening. In almost every location, the…

Mortgage Terms Are Easing for Luxury Homes

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Mortgage terms are easing for luxury homes which will significantly help this market recover. While the real estate market in Bergen County has been recovering nicely since late last year, the luxury market has not.  Sales of high end homes has been one of the less robust parts of the market because of financing.  Financing for upper tier homes all but disappeared in 2008.  This was a large part of the…

Tenafly East Hill Homes

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On January 27, 2009, a home at 221 Churchill Road was listed for sale at $1,590,000. This was an extremely well kept original ranch on a gorgeous acre lot. It was listed twice – as a single family home and as a building lot. Tenafly East Hill original homes are in high demand.  Their acre properties are sought after by builders as building lots.  Builders knock these homes down to construct a…