3 Comments

1. Richard Stabile Bergen County Real Estate April 17, 2009 at 12:18

   Jim,
   It seems to me that your market is hitting a slow bottom. Not a rough decline as in the speculative markets of Southern California, Florida, Nevada, and Arizona. Those markets came down hard as much as 60% and now are on fire with sales. I think the other less speculative markets are going to take all year to roll out in a slow move to consolidate and grow again 2010 in a normal way. We are see in our market in Bergen County New Jersey a lot more activity. I think it is going to keep up with all the price reduction and the mortgage market full of the fed’s money.
   I hope you see the same. I have been studing markets all around North America and it seems to be hopping a bit. The markets with the least declines are a little sluggish, but that will change.

   Reply ↓
2. patient buyer April 18, 2009 at 00:10

   Jim, would you pls share some info reg actual sold price vs asking price and vs county assessment for the 1st Q. What are the trends in pricing (a gap between asking, assesment and sold) compare to the last Q and to the same Q a year ago?
   A link to a list of single houses sold in Albemarle in April, 09 (like the one u provided in BB for Feb. ) would be also highly appreciated.
   Thanks

   Reply ↓
3. Jim Duncan April 18, 2009 at 12:34

   Patient buyer –

   I’ll post that next week.

   Thanks!

   Reply ↓