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Archive for November, 2008

Ridgewood Makes List of Top 10 NJ Housing Markets - Train Station a Big Factor

November 30th, 2008 categories:Ridgewood Real Estate

Homes in Train Towns, like Ridgewood and Glen Rock, sell more quickly and hold their value better than homes in “train-less” towns.

According to today’s Sunday Record, “Homes in towns with rail stations at their heart or nearby fare much better than those in any other market.”  The paper goes on to cite a study by noted NJ Real Estate Expert Jeffery Otteau which found that nine of the top 10 NJ housing markets either have a train station or are less than one mile away from a rail stop. In Bergen County, Midland Park and Ridgewood made the list.

The Record Article backs up what the Ridgewood Front Porch has been saying about Ridgewood Real Estate all along.

The Ridgewood Real Estate market has held up very well during these uncertain times.   Median Home Prices in Ridgewood have actually risen in the 2nd and 3rd quarters of this year when compared to 2007.

In central New Jersey, Otteau found that homes within walking distance [of trains] had values 10 percent higher than their counterparts. Otteau said the findings would “certainly” hold true for Bergen County rail towns and added that “The closer you get to Manhattan, the greater the effect.”


See the links below for more detailed info on the performance of the Ridgewood Real Estate market.

Ridgewood Home Values Rise in 3rd Quarter 2008

Ridgewood Home Prices Rise in 2nd Quarter. Time to Buy?

Today’s Record Article and Jeff Otteau’s report focus on the significance of Rail Service.  See below for more info about Commuting to New York from Ridgewood NJ.

Ridgewood NJ Commuter’s Secret - Manhattan Door-to-Door in Less than an Hour

Parking in Ridgewood NJ - The Train Station, Downtown, Meters, Permits and More

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Posted by Al Donohue | Discussion:2 Comments »

Parking in Ridgewood NJ - The Train Station, Downtown, Meters, Permits and More

November 27th, 2008 categories:Ridgewood Real Estate

Parking your car in Ridgewood New Jersey for your New York City Commute or your Downtown shopping trip is pretty simple - if you know the rules.

Parking at the Ridgewood Train Station

The first order of business, if you want to park at the Ridgewood Train Station, is to go to the Ridgewood Village Hall and obtain a parking permit.  You need to be a Ridgewood Resident to obtain a permit and you need to bring your drivers license showing a Ridgewood Address or a copy of a deed or lease for a Ridgewood Home.

The good news is that the parking permits are free.  The not so good news is that having a permit does not guarantee you a parking spot at the Ridgewood Train Station. The parking permit simply gives Ridgewood Commuters the right to park at the metered spots at the train station.   The meters are first come - first served.  However, you can usually get a metered spot if you get to the Ridgewood Train Station at a reasonable time.  The cost for 12 hours of metered parking is 3 bucks.  Metered parking ends at 6pm.

Parking in Ridgewood’s Downtown Area

There’s plenty of street parking and several parking lots in Ridgewood’s downtown.  I live and work in Ridgewood and use the downtown every day - and not once have I been unable to find a spot.  The rumors of the Ridgewood Downtown Parking Nightmare are greatly exaggerated.  You may not always find a spot directly and exactly in front of the store you want to enter but I don’t think I have ever had to walk more than one or two blocks to get to my destination.

Most of the metered parking in Ridgewood Downtown area has a 2-hour time limit with the exception of the Ridgewood Train Station and Cottage Place Parking Lot.

Do I have to Feed Ridgewood Parking Meters on Sunday?

No.  Ridgewood Parking Meter rules are only enforced Monday - Saturday from 9:00 am to 8:00 pm. There is also no need to feed the Ridgewood meters on Federal Holidays.

What’s the deal with Parking in Ridgewood Overnight?

You can safely park on Ridgewood Streets until 2:00am.  Street parking is prohibited from 2:00am to 6:00am.  However, the town of Ridgewood is very good about making exceptions. If you have to park your car in the street overnight because your car died or if you are doing work on your Ridgewood Home and  have a dumpster in your driveway, etc. you just need to call 201.652.3900 before 2:00am.

Related Ridgewood Articles

Ridgewood NJ Commuter’s Secret - Manhattan Door-to-Door in Less than an Hour

6 Questions To Ask BEFORE You Hire A Ridgewood Real Estate Agent

Ridgewood Home Values Rise in 3rd Quarter 2008

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Posted by Al Donohue | Discussion:4 Comments »

Ridgewood NJ to Host Program on Cyberbullying - Speaker Asks Ridgewood Parents to Take the Megan Pledge

November 23rd, 2008 categories:News and Events

Ridgewood Schools Recognize that Cyberbullying is an Epidemic that Needs to be Addressed

See the video below about the cyberbullying related suicide of Megan Meir.  It will help you understand how truly serious this issue is.  In fact, during the program Ridgewood Parents will be asked to take the Megan Pledge.

YouTube Preview Image

This event will take place at Ridgewood High School Campus on December 11th at 7pm. The program will be sponsored by Ridgewood’s George Washington Middle School.

What is Cyberbullying and why should Ridgewood Residents Care?

Cyber-Bullying is defined as situation where a student uses information and communication technologies such as email, cell phone and pager text messaging, instant messaging, defamatory personal Web sites and defamatory online personal polling Web sites to harass, humiliate, intimidate and/or threaten other students on the Internet.

The Presentation to Ridgewood Parents will be made by WiredSafety’s Executive Director

Parry Aftab an Internet privacy and security lawyer as well as WiredSafety’s Executive Director. WiredSafety is the world’s largest Internet Safety and help group. Parry has spoken to thousands of students and parents and knows the hot topic issues and explains them in “parent speak”.

Parry Aftab will offer Ridgewood parents practical and workable ways to balance their parental responsibilities and create sensible guidelines for their Ridgewood Students.

 Here are some of the topics that will be covered:
  • What steps can Ridgewood parents take to prevent their children from becoming victims of cyberbullying? (pro-active approach)
  • If they become victims, what can Ridgewood Students and parents do, where can parents go for help and when do they bring it to the attention of Ridgewood school administrators or the Ridgwood Police?
  • What to do if you discover that your child is a Cyberbully?
  • Most victims of CyberBullying are so affected by the threats and harassment that they keep quiet and never report it to their parents, teachers or friends. It is important that victims realize that trusted adults are here to fight this new form of bullying.
For more information please visit the WiredSafety site or email Mary Lou Handy at 

mhandy@ridgewood.k12.nj.us

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Posted by Al Donohue | Discussion:2 Comments »

Nancy Slott and Pam Christian Named Marron Gildea & Donohue Ridgewood Associates of the Month

November 21st, 2008 categories:For Realtors Only

Nancy Slott and Pam Christian were named Realtors of the Month for the Ridgewood office, a Marron Gildea & Donohue spokesperson announced recently.

“Nancy and Pam continue to deliver great results for our Ridgewood office, and more importantly, for their clients,” said Aloysius Donohue, a managing partner at the firm.  “They are a very dynamic team and each brings a different, and complementary, skill-set to the table.  They certainly contribute to the overall positive atmosphere here at MGD.  While most of our competitors in Ridgewood have seen their sales fall significantly this year, MGD sales have increased well over 150% year-to-date, and this makes it much easier for the agents to remain upbeat - even in this challenging market.”

“This market has been tough for everyone but we continue to thrive because our clients know we always have their best interests at heart and our existing clients continue to refer us to their family and friends,” said Christian.  “It also helps that our office delivers a steady stream of leads for us to work with.  This allows Nancy and me to spend our time and energy providing top-notch service to our existing clients, while most agents need to spend the bulk of their time prospecting for new business”.

Prior to entering the real estate industry Pam Christian received her Masters Degree from Columbia University and owned a successful business in NYC which catered to major corporations.   Pam’s entrepreneurial experience offers clients unrivaled organization, strategic marketing and negotiating skills.

“It may sound odd, but this market has really energized me,” said Slott.  “When houses were selling in two weeks anyone could have done our job.  However, it is during the more difficult times that clients need proven agents with a solid marketing plan - and that is where Pam and I come in.”

Nancy Slott started her professional career as a successful investment banker with Credit Suisse in New York.  Her financial background and analytical skills have provided clients with a unique perspective when evaluating price points in today’s challenging real estate environment.  Nancy also possesses negotiation, marketing and interpersonal skills that have helped her provide clients with a very high level of service.

If you are interested in learning more about a career at Marron Gildea & Donohue please contact Aloysius Donohue at 201.445.8880 or aldonohue@optonline.net

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Related Articles

CHRISTIAN AND SLOTT NAMED MARRON GILDEA DONOHUE RIDGEWOOD OFFICE ASSOCIATES OF THE MONTH

PAM CHRISTIAN AND NANCY SLOTT JOIN MARRON GILDEA & DONOHUE REALTORS

Posted by Al Donohue | Discussion:No Comments »

Choose from a PGA Pro’s Ridgewood Ranch Home or a Ridgewood Tudor Formerly Owned by a Super Bowl Champion

November 20th, 2008 categories:Ridgewood Real Estate

Your Chance to Own a PGA Pro’s Ridgewood Home

This beautiful Ridgewood Ranch is owned by a retired PGA Tour Pro and the basement feels like a PGA Tour Museum.  Obviously, this alone is no reason to buy the home but it certainly makes the home even more interesting.  Luckily this Ridgewood Home has a lot more going for it than just a famous owner. 

This handsome Ridgewood Home sits on a large 150 X 190 lot, on leafy Ridgewood cul de sac, in a friendly neighborhood that provides easy access to major highways and NYC transportation.   The home features a charming front porch, large entry foyer, spacious living room with fireplace, large formal dining room, over-sized kitchen with separate dining area, cozy den with sliders to the blue-stone patio, large spa-like master suite with Jacuzzi and separate stall shower, 3 additional bedrooms and a huge finished basement.

Click below for more details:

Handsome Ridgewood Ranch Home

If Golf is not your game, we are also marketing the Ridgewood Home of a former Super Bowl Champion. 

Please click below to find out the identity of the Super Bowl Champion and for more details on this lovely Ridgewood Home.

Beautiful Ridgewood Tudor

191 West End Avenue, Ridgewood - Virtual Tour

Ridgewood Home Styles - English Tudor

191 West End Avenue, Ridgewood - Virtual Tour

 

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Posted by Al Donohue | Discussion:No Comments »

Nena Colligan Joins Marron Gildea & Donohue Real Estate - Ridgewood

November 20th, 2008 categories:For Realtors Only

Nena Colligan joined Marron Gildea & Donohue’s rapidly expanding Ridgewood office, a company spokesperson announced today. 

 ”We are very excited to have Nena on board”, said Aloysius Donohue, a managing partner at Marron Gildea & Donohue.  “Nena is already a very successful real estate agent and we expect great things from her.  She recently earned her ‘e-Pro® Internet Professional’ certification which means she has a thorough knowledge of technology and online marketing. Nena will be a perfect fit in our tech-savvy environment.”

Colligan is a Bergen County native who grew up in Tenafly. She has resided in Glen Rock for the past 19 years where she currently lives with her husband Mark and their three children.  After graduating from Rutgers University, Colligan held senior sales and marketing positions at blue chip firms such as Gillette and Johnson & Johnson.  It is her finely honed sales skills, and ability to speak the language of top corporate executives, that has enabled Colligan to rise quickly up the ranks in local real estate.

“I am thrilled to be joining the Marron Gildea & Donohue family,” said Colligan.  “I’ve watched their office grow and I see their signs popping up all over Ridgewood and Glen Rock.  I’ve also seen some of the very best agents in town make the move to Marron Gildea & Donohue.  I knew something special was going on here and I wanted to be part of it.  I also knew I would benefit from the steady stream of leads the firm provides and I love that they are so focused on technology and ongoing training.”

Colligan is extremely active in the local community.  She has chaired the Ridgewood House Tour for the Junior Women’s Club, chaired Central School’s Spring Auction and held the position of    President at the Glen Rock Cooperative Nursery School.  Colligan has also been responsible for Directing and Choreography of the Central School’s Annual Musical.

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Posted by Al Donohue | Discussion:No Comments »

Ridgewood Real Estate Firm’s Sales Rise 162% While Competitors Sales Decline Sharply

November 7th, 2008 categories:Ridgewood Real Estate

I am proud to announce that sales in the Ridgewood Office of Marron Gildea & Donohue Realtors have increased by 162% through October 23rd of this year.  

During the same time period, all of our main competitors here in Ridgewood saw their sales decline significantly.

 

We have our Ridgewood real estate agents and our use of cutting edge technology to thank for our position as the fastest growing real estate firm in Ridgewood, New Jersey.

Obviously, first and foremost, we have to thank our Ridgewood real estate agents for enabling us to grow so rapidly in the midst of a very challenging real estate market.  We were able hire 12 top quality agents over the past 12 months and they have really shaken up the Ridgewood Real Estate world. 

Our new Ridgewood agents have flourished because we have provided them with cutting edge tools, training and a proven online marketing plan that has enabled them to deliver great results for their clients.  We also provide our agents with a steady stream of qualified leads so they can spend their time helping existing clients rather than beating the bushes for new customers.

Our Ridgewood Realtors understand what we call “Real Estate 2.0″.  They make use of tools such as virtual tours, instant messaging, Realtor.com featured home sponsorships, single property websites and much more.  They also IM, Blog, Micro Blog, Twitter and many other things that may seem foreign to the typical Ridgewood home buyer or seller - but these tools work.  If you are working with a Marron Gildea & Donohue Realtor you don’t have to worry about understanding all of these new tools and technologies because you can rest assured that your agent understands very well how to make use of these tools to help you achieve the results you desire.

Related Ridgewood Real Estate Articles:

Ridgewood Home Values Rise in 3rd Quarter 2008

Ridgewood Home Prices Rise in 2nd Quarter. Time to Buy?

Ridgewood NJ Home Values - September Real Estate Market Report

Ridgewood Home Sales - August Real Estate Market Report

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Sales Numbers Based on Information Supplied by the New Jersey Multiple Listing Service

Posted by Al Donohue | Discussion:1 Comment »

Ridgewood Home Values Rise in 3rd Quarter 2008

November 3rd, 2008 categories:Ridgewood Real Estate

Ridgewood Median Home Prices Actually Rose in the 3rd Quarter when Compared to Q3 2007

 

Despite the gloom and doom heard round the water cooler concerning both the real estate and stock markets - Ridgewood NJ Median Home Values actually increased in the 3rd Quarter year-over-year. The median sale price of a Ridgewood Home stood at $692,500 in the 3rd Quarter of 2007 and rose to $695,000 in 2008’s 3rd quarter.  Admittedly, this is a modest increase but when compared to other real estate markets around the country that are seeing double digit declines an increase of any sort should be seen as a sign of relative strength.

Ridgewood Average Home Prices Decline

Yes, you read this correctly.  Despite the rise in the median sale price of Ridgewood Homes in the 3rd quarter the Average sale price actually declined in the same time period.  However, the decline of 5.5%  was still modest when compared to other parts of the country and even other affluent towns here in Bergen County.  For example, Tenafly saw its average home price decline by 19.2% in the same period while Upper Saddle River prices slipped 16.6%.

According to the Real Estate ABC website, and many other sources, the Median Price generally provides a clearer picture of home prices than the average or mean.  In my opinion, the Median Price is more meaningful because it is not as easily skewed by a few very high (or low) priced sales that are way beyond the norm.

Median Price simply means the mid-point among home sales.  Half of the homes sold during a certain time period were less expensive than the median and the other half were more expensive.

Average Price is the price you get when you add the price of all the homes sold during the period and then divide that number by the total number of homes sold.

Ridgewood Average Sale Price - Q3 2008

Related Ridgewood Real Estate Articles:

Ridgewood Home Prices Rise in 2nd Quarter. Time to Buy?

Ridgewood NJ Home Values - September Real Estate Market Report

Ridgewood Home Sales - August Real Estate Market Report

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Posted by Al Donohue | Discussion:2 Comments »