Clifton RE Market Report – September 2020

Take a Look at Your Local Housing STATS (For Stats Pertaining to your Local Neighborhood, feel free to reach out)

Median Sold Price for Homes Sold in SEPTEMBER 2020

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 71

Median-Price – Median Sold Price – Sale to List Ratio – DOM

$419,000 –  $ 410,000  –  100%  –  21

VS

Median Sold Price for Homes Sold in SEPTEMBER 2019

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 57

Median Price Median Sold Price Sale to List Ratio DOM

$ 353,000   –   $ 360,000  –  99.5 —  45

2020 Had an Increased of 12.9%d

Over 2019

This is an outstanding increase of value in just a year, in spite of the health crisis that brought any economic activity to a sudden halt in just before the spring kicks into high gear in our area.

The recovery has been short of stunning after the pandemia with home sales experiencing a remarkable come back from buyers “in the fence” due to the health crisis, in addition to an avalanche of desirous buyers from mostly NYC as we now know.

Several points to consider:

• There might never be a better time to sell than now
• Interest rates continue at an all-time low, making it a great time to Buy or REFINANCE your higher rate mortgage and meet your financial needs whatever they might be.
• The expected increase of buyers traffic (60.7% higher than the same period last year per showingtime.com) for the foreseeable future due to buyers looking for a more suburban lifestyle, more outdoor/indoor space, more room to breath in the outskirts of bigger cities, especially now that working remotely has and is becoming the new norm.
• After a period of continued uncertainty, it might be the best time to sell higher in a high demand-less inventory market, attaining higher price with possible multiple offers and better terms/conditions.
• REMEMBER: RE is about the 3 P’s; Presentation, Promotion(Exposure) and Price.

Call/text or email us for a FREE consultation.

(973) 216-1945 – RSanchez@robsrealtor.com

 Have a great week and be SAFE!