Emil Ratti
Sales Associate

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Certified New Home Specialist

Residential Construction Certified

Senior Real Estate Specialist

Northern NJ Housing Stats
Newsletter

June 2019

 


CLICK below to view

 Chapel Greens Mahwah 

 
July Holidays  
 

July 1 International Joke Day
July 4 Independence Day
July 6 National Fried Chicken Day
July 12 National Simplicity Day
July 16 Amazon Prime Day
July 23 National Gorgeous Grandma Day
July 29 National Lasagna Day

May Housing Stats
Click To view local Monthly Housing Stats 2011 - 2019
 

Market Absorption Rate 
See each county below. 

Seller's Market

Normal Market

Buyer's Market

2 3 4 5 6 7 8 9 10
An Absorption Rate of  7 or higher is a Buyer's Market
Bergen County
Absorption Rate =  
3.7  
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
1786
827
$507,300
67
Essex County
Absorption Rate =   4.01
 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
1018
602
$507,590
44

Passaic County
Absorption Rate =   4.62
 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
586
322
$346,831
60
Morris County
Absorption Rate =   5.15
 
Normal Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
1232
564
$505,433
52

Sussex County
Absorption Rate =   5.52
 
Normal Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
496
227
$237,057
83
New Jersey
Real Estate

Public State and County Reports

HUD to Strengthen Landlords' Rights in Service Animal Rights

To combat predatory online certificates, housing providers can request additional verification of a tenant's need, a department official sys  Read here...


NJCCIC
New Jersey Cybersecurity & Communications Integration Cell

GDI foundation security researcher, Sanyam Jain, has identified eight unprotected databases exposing 60 million records of LinkedIn user data. This information contains LinkedIn profile information: IDs, profile URLs, work history, education history, location, listed skills, other social profiles, and the last time the profile  was updated. In addition, the data includes user email addresses, regardless if the user's privacy settings were configured to hide that information from public view. LinkedIn refutes the claim...  Read here...

https://www.cyber.nj.gov/


Equality Act Moves to the Senate

Last week the U.S. House of Representatives voted 236-173 in favor of Equality Act, which would prohibit discrimination based on sexual orientation and gender identity. The National Association of Realtors® along with 500 other significant associations support the Equality Act as well as 200 U.S. firms.

If signed into law, the Equality Act would amend the Civil Rights Act of 1964 and extend anti-discrimination protections to the LGBT community. Read More...


Senior Resources

Downsizing Tips
Downsizing can often mean independence for seniors after retirement, as it can give them a chance to stay in their own homes without fear of injury. It also means having a lot less to take care of, from total square footage around the home to the yard space. The physical act of downsizing, however, can be difficult in many ways. Click for some great tips...

AARP - Main web site 
AARP - New Jersey Web Site
NJ Department of Health & Senior Services
NJ Senior Services 
NJ Frequently asked questions
NJ Seniors Golf Association - Tournaments
Retirement Living Resources
Long Distance Moving Guide 
Mortgage Refinance Companies
Fully Accessible Guide to Smart Home Tech for the Disabled and Elderly

 
Mortgage Calculator

 


Seller/Buyer Tips 

Relocation Checklist
Logistic items to consider

> Short Term Accommodations
> Air Travel
> Land Transportation
> Household Goods
> Furniture (Storage & Purchasing)
> Vehicle purchase
> Departure
> Migration & Visa Assistance
> Cleaners
> Financial
> Insurance
> Movers


Common Selling Mistakes
Failing to "Showcase"

In spite of how frequently this mistake is addressed and how simple it is to avoid, its prevalence is still widespread. When attempting to sell your home to prospective buyers, do not forget to make your home look as pleasant as possible. Make necessary repairs. Clean. Make sure everything functions and looks presentable. A poorly kept home in need of repairs will surely lower the selling price of your property and will even turn away some buyers.


Updater Partner -
We make moving
easier.

Click above for details.

Updater will save you time, money, and headaches during your move. But, it's invite -only. Click Here... for an invitation and take advantage of this FREE service.


Realty Transfer Fee Calculator
This calculator provides an estimate of the Realty Transfer Fee (RTF) that you will need to pay when you sell real property in New Jersey. Simply enter your home's sales price, with no commas and click calculate.*

*Qualifying senior citizens aged 62 or older, blind persons; disabled persons; and property that is low and moderate income housing may be subject to partial exemptions. Click here and enter home selling price...


The following are updated monthly...  
 
New Jersey School Reports
Seniors Monthly Newsletter

Click To view local Monthly Housing Stats 2011 - 2019

*Wire Fraud is Real*.  Before wiring any money, call the intended recipient at a number you know is valid to confirm the instructions.

·  Always personally verify wire instructions.

·  Use only phone numbers that have called before or can otherwise verify are legitimate.

·  Be very suspicious of emails and phone calls with purportedly updated, revised or corrected wiring instructions. It is extremely rare that a lawyer or title agent will change wire instructions during the course of a transaction.

Emil Ratti
Sales Associate
Certified New Home Specialist
Residential Construction Certified
Senior Real Estate Specialist


E-Mail

www.BCNJRE.com
www.NJCondoTownhomes.com


 

REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS ® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.

E-mail me at  remove@edrc.com  to be removed from newsletter.