Real Estate for sale Woodcliff lake, New Jersey, homes sales analysis. Property sales data including Average price,
Sales volume, Median sale price, houses sold. Woodcliff lake homes.
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Woodcliff Lake Home Sales

REMAX Real Estate Associates  
201 573 8811 ext 331
Richard Stabile   
Mobile 201 819 4541   
123 Broadway Woodcliff Lake,
New Jersey 07677
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Real estate sales Woodcliff Lake, Bergen County New Jersey 07677.
All Broker sales
Source : NJMLS, deemed reliable but not guaranteed. Includes all broker sales.
New Jersey Multiple Listing Service
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Woodcliff Lake homes, residential sales has fared far better then many
parts of the country. The excesses of the mortgage industry did not drive
the local market the same as in Southern California, Florida, Nevada,
Arizona and many other extreme overly speculated areas with creative
mortgages.

To study the Bergen County Data for closed residential properties sold
privately and by all brokers we have found about an overall decline of
about 20% from top tick and just under 16% on yearly average.

Average Home sales price has declined 15.77% from average sales price
high of 2006.

Median sales price has declines 15.67% from 2005 median high.

With allowing for true high price and current low price the decline from the
sales price high(not average) to current low is estimated to be about 20%.

This would bring current pricing back to the late 2004, early 2005 levels.

Bergen County Records were used, transaction that were internal and not
arms length were eliminated as best as possible.
Woodcliff lake real estate analysis also continued further below.
Woodcliff Lake Home Sales
Woodcliff Lake Homes Units Sold
Woodcliff Lake Average sales Price Homes
Woodcliff Lake Homes Median Sales Price

Real Estate Analysis
Woodcliff lake Residential Home Sales
Home Values

Woodcliff Lake 6 year comparison of Residential home sales activity of
property sold by Brokers belong to the New Jersey Multiple Listing Service
        2003 to 2008 full years.
The Comparison shows :
***************************44.91% decline in total sales dollars from high year.
***************************12.2% decline in average list price from high year.
***************************14.4% decline in average sales price from high year.
***************************11% decline in median sales price from high year.
Woodcliff lake Homes Sales Volume 2003-2008
Woodcliff lake Homes Average Sales Price 2003-2008
Woodcliff Lake Home Median sales Price 2003-2008
Woodcliff lake Home Units Sold NJMLS 2003-2008
Year

2003
2004
2005
2006
2007
2008
 Units

48
69
75
50
56
45
 Sales Volume

$36,638,800
$54,610,600
$68,480,750
$49,219,450
$53,742,172
$37,723,890
 Average list

$785,175
$822,592
$944,468
$1,044,357
$1,027,047
$916,975
 Average Sale

$763,308
$791,458
$913,077
$984,389
$959,682
$838,309
 Median Sale

$674,750
$715,000
$840,000
$817,500
$827,000
$750,000

Real Estate Woodcliff lake
for sale and sold

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Yearly comparisons Through 2008
Woodcliff Lake Home sales monthly graphs from Jan 2003- October 2009,
with 12 month moving average of data.
Charts include Total sales, Average sales price, Median sales price and
quantity of Homes sold. This summer high in Volume exceeded 2008. If
sales hold up for the winter, we should have a strong spring market.
Market analysis of Woodcliff Lake Home
sales, monthly data shows improvement.
May 2009 indicates a move through all the
moving averages. This indicates a normal
spring market activity with some momentum.

It is a hope that  volume continues to rise.  
The 12 month moving average of sales
prices is still moving down. The indication of
current data may show firming in average
sales price and maybe it will turn up.

Woodcliff lake real estate has not fallen as
much as some areas of the country that
have had over speculation in the credit
bubble. Monthly average charts should not
be used to demonstrate percentage of
decline, they are used more to effect trend
in the moving average relationships.
Yearly comparisons, with allowance for peak
and trough outliers, will generate
percentage comparisons with more
consistency