All Real Estate is Local
Peeling back the national numbers and focusing on New Jersey specific statistics will give you a much better idea of what is going on in Ridgewood and surrounding areas. Below is a recent video and a statement issued by the New Jersey Association of Realtors.
Reacting to the NATIONAL ASSOCIATION OF REALTORS®‘ (NAR) 2010 Second Quarter Metro Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Chief Executive Officer Jarrod C. Grasso, RCE, today issued the following statement:
“There is no denying the impact the federal home buyer tax credit has had on many local real estate markets. It provided an incentive for first-time purchasers to obtain the American dream of homeownership and, in turn, provided an outlet for sellers to trade up to the homes of their dreams. Many of the trade-up buyers were also able to receive a federal tax credit for their purchase.
“The effect that the stimulus had on New Jersey in particular can be seen directly by looking at the increase of sales activity during the second quarter of this year. Existing home sales in the Garden State increased 15.4 percent from the first quarter of 2010 to the second. They are 29.9 percent higher than the second quarter of last year. New Jersey home sales have also far outpaced the nation, which only showed a quarterly sales increase of 9.1 percent and a yearly increase of 17.3 percent.
“Each of New Jersey’s metro areas have seen year-over-year growth in median home price. This may be a sign of market stability. Even with the tax credit out of the equation, today’s buyers can experience record-low interest rates and affordable prices. However, these conditions will not last forever. Consumers will need to rely on the U.S. government and private businesses to create jobs to revive confidence, which should thus revitalize their confidence in the housing market.”
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What Clients Are Saying About Al Donohue…
Alicia Abdoo and Anthony Inzerillo – formerly of Richards Road, Ridgewood
“Let me just start by saying…the only realtor you should use to sell your house is Al Donohue. We want to take him with us to our new location so that when we sell there, he could be our agent. Now let me tell you why we think Al is unsurpassable as a seller’s agent.
Process: Al took us through the process of getting our home on the market – pricing, timing, marketing approach, preparation and staging with efficiency, professionalism, empathy and thoroughness beyond any realtor we have ever done business with. Al far exceeded our expectations and left no stone unturned.
Tools:Al applies technology to the greatest advantage of his clients. From his well designed websites, to his leveraging of wireless communications, to his Internet statistics which give you a real time update of how many people are looking at your home via his website. With Al’s use of technology nothing is overlooked and you get maximum exposure to the right buyer which is critical in the current market state.
Results: He sold our house in a “buyers” market in 3 days for well over asking price. The asking price he suggested and we agreed to was above what we originally thought the market would warrant but Al’s expertise and savvy educated us and proved to be right on target.
Al Donohue is everything his marketing literature advertises. He instills confidence, integrity, expertise, honesty and sold our house in a difficult market in what we considered record time. Thanks Al.
