$1,175,000 – 44 Fairmount Rd, Ridgewood NJ
Home prices in North Jersey remain steady
SEPTEMBER 25, 2014 LAST UPDATED: THURSDAY, SEPTEMBER 25, 2014, 1:21 AM
BY MELANIE ANZIDEI
* The median cost was $425,000 in Bergen and $265,000 in Passaic
Home prices in North Jersey rose in August, as sales across the United States slowed and sales of luxury homes increased, according to data released by RealtyTrac on Thursday.
For New Jersey, the median price for homes sold in August was $285,000, an increase $13,000 from last month.
Bergen County sales in August remained steady with a median price of $425,000, an increase of $1,000 from the same period last year. Passaic County sales also remained unchanged from July at a median price of $265,000. It was a $3,500 drop from last year.
Nationally, residential properties sold at an annual pace of about 4.5 million in August, down a half a percentage point from July and 16 percent from last year. The decline marks the fourth consecutive month where sales decreased on a year-over-year basis.
Despite the slowing pace, the median price of the properties sold in the U.S. rose 3 percent to $195,000 from July and 15 percent from last year. It is the highest price since August 2008.
– See more at: http://www.northjersey.com/news/business/north-jersey-home-prices-remained-steady-in-august-1.1096003#sthash.JqQPsNJn.dpuf