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Construction Spending Surges in New Jersey

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By Kelly Waldron April 14, 2015 5:18 AM

If you have traveled around the state lately, chances are you have come across construction of some kind.

According to the State Department of Labor and Workforce Development, there has been a spike of 10,000 construction jobs in 2014 and an increase of 7,900 during January and February of this year.

One housing and economics expert said there are five main factors driving the construction increase.

“The first is higher education which is the result of the bond issue and universities and colleges are leveraging those funds in public/private partnerships,” said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.

The second is demographically driven.

“The real growth in the population is millennials and aging baby boomers who are resizing in the housing market. So, we have almost record high numbers of multifamily construction. The multifamily rental housing sector is now about 60 percent where historically, it’s been about 30 percent,” Hughes said.

New Jersey is also the third largest warehouse distribution center in the country, a sector that has been growing very rapidly as a result of e-commerce.

“Instead of building conventional warehouses, what are now being erected are very large fulfillment centers, like the one for Amazon in Robbinsville. With people shopping on the Internet, a lot of space is needed to store items before they are shipped,” Hughes said.

Data centers are a significant factor to the increase in construction as well, namely because of New Jersey’s geography.

“In many cases, the big New York brokerage houses need vast data centers to store their information and they want them on a different power grid than the main headquarters, but they can’t be too far away from the major trading centers because those milliseconds are very important in high-speed trading. New Jersey is in a good location for that,” Hughes said.

Read More: Construction up in New Jersey | https://nj1015.com/construction-up-in-new-jersey/?trackback=tsmclip&utm_source=Sailthru&utm_medium=email&utm_term=Wake%20Up%20Call%20NJ&utm_campaign=Wake%20Up%20Call

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Vacation Homes See Record Sales, But Don’t Join in Without Thinking It Through

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Snooki by ArtChick Photography

Hal Bundrick

Apr 10, 2015 7:35 AM EDT

NEW YORK (MainStreet) — Imagine owning a cozy second home at the foot of the Rocky Mountains in scenic Estes Park, Colo. Elk saunter through your backyard and you enjoy fishing and snowshoeing in the crisp fall air. Exhausted and rejuvenated, you eventually pack up and head home, locking up your vacation villa for the winter.

But Estes Park autumns can be a bit on the brisk side. Some friends of Richard Jensen, a resident of nearby Fort Collins, found that out the hard way.

“Not realizing the drastic change in temperatures in the winter months, they forgot to leave the heat on when they left the house after using it September,” Jensen says. “Estes Park experienced freezing temperatures in October, and when family members went to check on the house they discovered a pipe had burst and the house was flooded with water. This resulted in an insurance claim that has exceeded $20,000 in repairs.”

Jensen, a real estate broker and vacation home owner himself, knows the reality of remote homeownership.

“It’s a good idea to be on good terms with your neighbors and ask them to keep an eye on the property for you,” he says. “Otherwise, hire a property management company that will check on your home while you’re not using it.”

https://www.mainstreet.com/article/vacation-homes-see-record-sales-but-dont-join-in-without-thinking-it-through

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Ridgewood Open Houses for April 12,2015

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$1739,000 Ridgewood NJ

$409,000 in Ridgewood
MLS # 1508924
259 W Glen Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath, C/C
Stacy S. Kiernan, Sales Associate
Prominent Properties Sotheby’s International Realty-Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
11

$425,000 in Ridgewood
MLS # 1507656
140 Bellair Rd, Unit N, Ridgewood, NJ 07450
2 Bedroom, 2 Full Bath,
1 Half Bath, Condo
Donna Dever, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
25

$499,000 in Ridgewood
MLS # 1437935
347 Franklin Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Karen Boyle, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
24

$499,000 in Ridgewood
MLS # 1509913
635 Bartell Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Christine Aderhold, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
16

$519,000 in Ridgewood
MLS # 1508045
176 W Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
24

$549,000 in Ridgewood
MLS # 1509389
228 E Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Monis Young, Broker
Exclusive Properties Realty, LLC
Open House: 1:00 P.M. – 3:00 P.M. Sun. 4/12
22

$550,000 in Ridgewood
MLS # 1511458
367 E Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, Col
Rose Hueneke, Broker Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
21

$620,000 in Ridgewood
MLS # 1430875
495 E Saddle River Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Michael Shetler, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
25

$629,000 in Ridgewood
MLS # 1500062
251 Steilen Ave, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Diane LoDrago, Sales Associate
Weichert Realtors, Wayne
Open House: 1:00 P.M. – 5:00 P.M. Sun. 4/12
14

$635,000 in Ridgewood
MLS # 1511844
956 Barnes Dr, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Christine Gubb, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12

$689,000 in Ridgewood
MLS # 1506057
428 Sterling Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Robert Stemple, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
15

$699,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 4/12
20

$699,000 in Ridgewood
MLS # 1511609
427 Dorchester Rd, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, Col
Bethel Borgeson, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
19

$699,000 in Ridgewood
MLS # 1512506
312 Thompson Pl, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, Col
Anthony Comunale, Sales Associate
Coldwell Banker, Alpine/Closter
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
17

$699,900 in Ridgewood
MLS # 1511090
763 Newcomb Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Jeanne Williams, Sales Associate
Venture VR Realtors
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
25

$769,000 in Ridgewood
MLS # 1510329
615 Grove St, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath,
1 Half Bath, Col
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
14

$799,000 in Ridgewood
MLS # 1511383
427 Red Birch Ct, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
William F. Gilsenan Jr, Broker
Gilsenan & Co.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
15

$799,900 in Ridgewood
MLS # 1503174
274 Franklin Tpke, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath, Col
Theresa Druce, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
25

$825,000 in Ridgewood
MLS # 1512123
153 Waiku Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Maria Shammas, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12
25

$829,000 in Ridgewood
MLS # 1509652
249 Lockwood Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12

$849,000 in Ridgewood
MLS # 1512219
30 Circle Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Michael E. Senchak, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
20

$850,000 in Ridgewood
MLS # 1512029
167 Highland Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Elsa Felipe Machin, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
25

$859,000 in Ridgewood
MLS # 1512401
442 Wastena Ter, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Till Horkenbach, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
24

$879,900 in Ridgewood
MLS # 1511796
218 W Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Laura Gill, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
17

$898,000 in Ridgewood
MLS # 1510044
900 Glenview Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Katherine Montgomery, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12
18

$899,000 in Ridgewood
MLS # 1512246
443 Wastena Ter, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12
25

$919,000 in Ridgewood
MLS # 1510766
210 Manor Rd, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, Ranch
Michael Machinski, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 4/12
25

$930,000 in Ridgewood
MLS # 1508158
114 Hamilton Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Christine McKinley, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12
24

$949,000 in Ridgewood
MLS # 1512178
658 Shelton Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Christine Bremer, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
25

$959,000 in Ridgewood
MLS # 1509199
216 California St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
2 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12

$1,045,000 in Ridgewood
MLS # 1511984
21 Theyken Pl, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath, Col
Joseph M. Hurley, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 4/12
25

$1,275,000 in Ridgewood
MLS # 1509637
5 Maynard Ct, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath,
1 Half Bath, Col
Marilyn Nuber, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 4/12
24

$1,395,000 in Ridgewood
MLS # 1500415
215 Beechwood Rd, Ridgewood, NJ 07450
6 Bedroom, 3 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12
25

$1,739,000 in Ridgewood
MLS # 1510354
427 Spring Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Jane Certo, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12
25

$1,775,000 in Ridgewood
MLS # 1512269
151 Sheridan Ter, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Col
Linda Aktar, Broker Associate
Pamela Chmiel, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 4/12

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North Jersey home prices rise, still less than national average

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MARCH 31, 2015, 11:49 AM    LAST UPDATED: TUESDAY, MARCH 31, 2015, 12:12 PM
BY KATHLEEN LYNN
STAFF WRITER |
THE RECORD

Home prices in the region ticked up 2.1 percent in the New York metropolitan area, including North Jersey, in the 12 months ended in January, the S&P/Case-Shiller home price index reported Tuesday. That was less than half the national increase of 4.5 percent.

The numbers point to a housing market that is still slowly recovering from the worst downturn since World War II. Home values are no higher than they were in 2004, both nationally and in the region. Single-family prices in the area are almost 19 percent below their peaks in mid-2006, while national values are about 17 percent below their peaks.

“Despite price gains, the housing market faces some difficulties,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices. “Home prices [nationwide] are rising roughly twice as fast as wages, putting pressure on potential homebuyers and heightening the risk that any uptick in interest rates could be a major setback. Moreover, the new home sector is weak; residential construction is still below its pre-crisis peak.”

In Bergen County, the median price of a single-family home dropped 8.6 percent in January from a year earlier, to $425,000. In Passaic County, the median dropped 1.8 percent, to $275,000. Those numbers are from the New Jersey Realtors and reflect the mix of properties sold in the month; Case-Shiller does not track prices on a county-by-county basis.

https://www.northjersey.com/news/north-jersey-home-prices-rise-still-less-than-national-average-1.1299472

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Ridgewood Open Houses March 22,2015

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$1,080,000 in Ridgewood

$425,000 in Ridgewood
MLS # 1443545
1103 E Ridgewood Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, C/C
Jane L. McGuire, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 3:00 P.M. Sun. 3/22
4

$425,000 in Ridgewood
MLS # 1507656
140 Bellair Rd, Unit N, Ridgewood, NJ 07450
2 Bedroom, 2 Full Bath,
1 Half Bath, Condo
Donna Dever, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
25

$499,000 in Ridgewood
MLS # 1508723
752 Newcomb Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Arun Thomas, Broker Owner
ATP Realty Inc.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
17

$519,000 in Ridgewood
MLS # 1508045
176 W Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
24

$529,900 in Ridgewood
MLS # 1444440
345 Vesta Ct, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Edward Ditroia, Broker Associate
RE/MAX Elite Associates
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
25

$548,777 in Ridgewood
MLS # 1507471
425 Prospect St, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
1 Half Bath, Col
Paula Clark, Sales Associate
Coldwell Banker, Hillsdale
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
25

$549,000 in Ridgewood
MLS # 1508843
735 Howard Rd, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Ann Ewell, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/22
20

$549,000 in Ridgewood
MLS # 1509389
228 E Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Monis Young, Broker
Exclusive Properties Realty, LLC
Open House: 1:00 P.M. – 3:00 P.M. Sun. 3/22

$549,999 in Ridgewood
MLS # 1509152
216 Canterbury Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Ranch
Qizhan Yao, Broker Owner
Realmart Realty, LLC
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
6

$598,000 in Ridgewood
MLS # 1508151
212 Walthery Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22

$599,000 in Ridgewood
MLS # 1509383
265 Edwards St, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Col
Kurt Hedden, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
25

$615,000 in Ridgewood
MLS # 1508212
201 Walthery Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, Col
Joanne W. Cheng, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
19

$690,000 in Ridgewood
MLS # 1508298
757 Hillcrest Rd, Ridgewood, NJ 07450
5 Bedroom, 1 Full Bath,
1 Half Bath, Col
Jennifer M. Parsekian, Broker
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
24

$699,900 in Ridgewood
MLS # 1506057
428 Sterling Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Robert Stemple, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
15

$729,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
20

$739,000 in Ridgewood
MLS # 1509016
520 Upper Blvd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Linda Aktar, Broker Associate
Pamela Chmiel, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/22
20

$829,000 in Ridgewood
MLS # 1509194
153 Jeffer Ct, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Mary Tarvin Passaro, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/22
24

$975,000 in Ridgewood
MLS # 1508158
114 Hamilton Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Christine McKinley, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/22
25

$999,900 in Ridgewood
MLS # 1508697
225 Sollas Ct, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
2 Half Bath, Col
Peggy Jung, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
25

$1,079,000 in Ridgewood
MLS # 1509199
216 California St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
2 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/22

$1,080,000 in Ridgewood
MLS # 1507630
449 Meadowbrook Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath, Col
Jolanta Krygier, Sales Associate
Prominent Properties Sotheby’s International Realty-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
23

$1,249,000 in Ridgewood
MLS # 1508484
395 Knollwood Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Laurin Steiger, Sales Associate
Terrie O’Connor Realtors/SdlRv
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22

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For now, no more redevelopment zone proposals will be heard

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For now, no more redevelopment zone proposals will be heard
March 14,2015
Boyd Loving

Ridgewood NJ, In response to a taxpayer’s direct question, Village Manager Roberta Sonenfeld responded on Wednesday evening that Village Council members have no plans at this time to hear any further proposals from developers in connection with the North Walnut Street Redevelopment Plan.

Only two (2) proposals have been publicly presented.  One from the Kensington Senior Development, LLC for an assisted living facility/parking garage/retail complex, and the other from Langan Development Corporation, for a large parking garage/luxury apartment/retail complex.

According the Sonenfeld, both proposals are now undergoing an extensive review of “the finances.”

Stay tuned

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Ridgewood Open Houses March 15,2015

1508298

1508298.1

$690,000 – 757 Hillcrest Rd, Ridgewood NJ

$319,000 in Ridgewood
MLS # 1508222
27 High St, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, 2Fam
Kevin Errico, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
1

$425,000 in Ridgewood
MLS # 1507656
140 Bellair Rd, Unit N, Ridgewood, NJ 07450
2 Bedroom, 2 Full Bath,
1 Half Bath, Condo
Donna Dever, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 3:00 P.M. Sun. 3/15
25

$499,000 in Ridgewood
MLS # 1437935
347 Franklin Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Karen Boyle, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
24

$519,000 in Ridgewood
MLS # 1508045
176 W Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
24

$520,000 in Ridgewood
MLS # 1506035
484 Grove St, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Sharon Barbaro, Sales Associate
Better Homes and Gardens Real Estate Rand Realty, Hawthorne
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
21

$525,000 in Ridgewood
MLS # 1508302
662 Delaware Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Elizabeth Sytsma, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
23

$615,000 in Ridgewood
MLS # 1508212
201 Walthery Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, Col
Joanne W. Cheng, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
19

$690,000 in Ridgewood
MLS # 1508298
757 Hillcrest Rd, Ridgewood, NJ 07450
5 Bedroom, 1 Full Bath,
1 Half Bath, Col
Jennifer M. Parsekian, Broker
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
24

$699,900 in Ridgewood
MLS # 1506057
428 Sterling Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Robert Stemple, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.FGV8DQBV.dpuf

$729,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
20

$799,999 in Ridgewood
MLS # 1507930
364 Kensington Dr, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Col
Irene Palatucci, Sales Associate
Prominent Properties Sotheby’s International Realty-Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
22

$825,000 in Ridgewood
MLS # 1508070
333 Libby Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
2 Half Bath, Col
Ann Ewell, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/15
24

$839,000 in Ridgewood
MLS # 1506818
25 Lenox Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/15
25

$849,900 in Ridgewood
MLS # 1503174
274 Franklin Tpke, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath, Col
Theresa Druce, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
25

$899,900 in Ridgewood
MLS # 1505918
235 Demarest St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
17

$975,000 in Ridgewood
MLS # 1508158
114 Hamilton Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Christine McKinley, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/15
22

$1,029,000 in Ridgewood
MLS # 1505534
205 Manor Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/15
20

$1,799,000 in Ridgewood
MLS # 1507256
250 Fairmount Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Peter C. Marron, Jr., Sales Associate
Marron Gildea Realty, Inc.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
25

Open Houses for Sun 3/22
$598,000 in Ridgewood
MLS # 1508151
212 Walthery Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.FGV8DQBV.dpuf

$690,000 in Ridgewood
MLS # 1508298
757 Hillcrest Rd, Ridgewood, NJ 07450
5 Bedroom, 1 Full Bath,
1 Half Bath, Col
Jennifer M. Parsekian, Broker
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/22
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.FGV8DQBV.dpuf

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Ridgewood Open Houses March 8 2015

1507162

1507162.1

$929,000 – 70 Glenwood Rd, Ridgewood NJ

$425,000 in Ridgewood
MLS # 1443545
1103 E Ridgewood Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, C/C
Jane L. McGuire, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 2:00 P.M. – 4:00 P.M. Sun. 3/8
4

$457,999 in Ridgewood
MLS # 1434923
702 Ellington Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Robert Stemple, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
17

$499,000 in Ridgewood
MLS # 1437935
347 Franklin Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Karen Boyle, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
24

$499,000 in Ridgewood
MLS # 1506954
103 Richmond Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/8
1

$679,000 in Ridgewood
MLS # 1507276
356 N Van Dien Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, Col
Kimiko Miller, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
16

$729,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
20

$759,900 in Ridgewood
MLS # 1500512
257 Brookmere Ct, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Ranch
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
20

$839,000 in Ridgewood
MLS # 1506818
25 Lenox Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/8
25

$899,900 in Ridgewood
MLS # 1505918
235 Demarest St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
17

$929,000 in Ridgewood
MLS # 1507162
70 Glenwood Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/8
25

$1,150,000 in Ridgewood
MLS # 1506958
129 Lenox Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Gregory J. Maglione, Broker Associate
E Real Estate Agency LLC
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
25

$1,225,000 in Ridgewood
MLS # 1506894
269 Brookmere Ct, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Lynsey Kemp Jackson, Sales Associate
Marron Gildea Realty, Inc. Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/8
19

$1,249,000 in Ridgewood
MLS # 1443901
820 Morningside Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Mary Tarvin Passaro, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/8
25

$1,495,000 in Ridgewood
MLS # 1500415
215 Beechwood Rd, Ridgewood, NJ 07450
6 Bedroom, 3 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/8
25

$1,745,000 in Ridgewood
MLS # 1506842
345 Wastena Ter, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Cathy Bossolina, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/8
21

Open Houses for Sun 3/15
$1,799,000 in Ridgewood
MLS # 1507256
250 Fairmount Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Peter C. Marron, Jr., Sales Associate
Marron Gildea Realty, Inc.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/15
25

– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.uSeVpb4t.dpuf

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Bottle King to purchase Herold’s Farm property in Glen Rock

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Bottle King to purchase Herold’s Farm property in Glen Rock

March 4, 2015, 4:34 PM    Last updated: Wednesday, March 4, 2015, 6:17 PM
By Chris harris
staff writer |
The Record

GLEN ROCK — After more than 75 years on Fair Lawn’s border, Herold’s Farm and Garden Center on Prospect Street will soon have new ownership.

Bottle King agreed to acquire the 2.8-acre property in Glen Rock “a few weeks ago,” the liquor store chain’s president Ken Friedman confirmed Wednesday.

Friedman said as soon as the deal is finalized, the land will be “developed as a retail space,” and that Bottle King’s current location just across the street will be shuttered.

Ground could be broken at the site within months, Friedman said, adding that it will be “about a year” before the new store opens.

Friedman said Bottle King does good business in Glen Rock, which partly inspired interest in purchasing the land.

https://www.northjersey.com/news/bottle-king-to-purchase-herold-s-farm-property-in-glen-rock-1.1282207

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Ridgewood Open Houses for March 1,2015

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1506035.1

$520,000 – 484 Grove St, Ridgewood NJ

$449,000 in Ridgewood
MLS # 1506332
228 Union St, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Esther Axelrod, Sales Associate
Weichert Realtors Franklin Lakes
Open House: 12:00 P.M. – 4:00 P.M. Sun. 3/1
21

$519,000 in Ridgewood
MLS # 1505967
345 Corona Pl, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath, Ranch
Marisa Traverso, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
15

$520,000 in Ridgewood
MLS # 1506035
484 Grove St, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Sharon Barbaro, Sales Associate
Better Homes and Gardens Real Estate Rand Realty, Hawthorne
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
21

$529,900 in Ridgewood
MLS # 1444440
345 Vesta Ct, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Edward Ditroia, Broker Associate
RE/MAX Elite Associates
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
25

$598,000 in Ridgewood
MLS # 1505995
510 Fairfield Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Jolanta Krygier, Sales Associate
Prominent Properties Sotheby’s International Realty-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
20

$658,800 in Ridgewood
MLS # 1506418
515 Summit St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, C/C
Jennifer Nunn, Sales Associate
Marron Gildea Realty, Inc. Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
18

$664,900 in Ridgewood
MLS # 1506086
247 Emmett Pl, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
1 Half Bath, C/C
Janis Fuhrman, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
24

$729,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
20

$759,900 in Ridgewood
MLS # 1500512
257 Brookmere Ct, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Ranch
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
20

$895,000 in Ridgewood
MLS # 1506339
234 Gardner Rd, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Col
Jennifer M. Parsekian, Broker
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
25

$899,900 in Ridgewood
MLS # 1505918
235 Demarest St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 3/1
17

$1,029,000 in Ridgewood
MLS # 1505534
205 Manor Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/1
20

$1,095,000 in Ridgewood
MLS # 1506328
1080 Hillcrest Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
2 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/1
25

$1,495,000 in Ridgewood
MLS # 1500415
215 Beechwood Rd, Ridgewood, NJ 07450
6 Bedroom, 3 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 3/1

– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.oF3SxwCu.dpuf

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U.S. Homeownership Rate Hits 20-Year Low

HOMEOWNERSHIP CHART-2014

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U.S. Homeownership Rate Hits 20-Year Low

February 24, 2015 – 10:50 AM

(CNSNews.com) – The homeownership rate in the United States dropped to a 20-year low of 64.5 percent in 2014, according tonew data released by the Census Bureau.

The homeownership rate is the percentage of households that own the home in which they live. “It is computed,” says the Census Bureau, “by dividing the number of households that are owners by the total number of occupied households.”

The last time the annual homeownership rate was lower than 64.5 percent was in 1994, when it was 64.0%, according to Table 15 in the Census Bureau’s “Housing Vacancies and Homeownership” data.

https://cnsnews.com/news/article/terence-p-jeffrey/us-homeownership-rate-hits-20-year-low

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Ridgewood Open Houses for February 22nd 2015

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$849,900 – 274 Franklin Tpke, Ridgewood NJ

$389,000 in Ridgewood
MLS # 1505487
301 E Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 2/22
10

$425,000 in Ridgewood
MLS # 1443545
1103 E Ridgewood Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, C/C
Jane L. McGuire, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 3:00 P.M. Sun. 2/22
4

$649,000 in Ridgewood
MLS # 1505526
136 Hope St, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
1 Half Bath, Col
Maribeth Germinario, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 2/22
19

$669,000 in Ridgewood
MLS # 1500062
251 Steilen Ave, Ridgewood, NJ 07450
6 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Diane LoDrago, Sales Associate
Weichert Realtors, Wayne
Open House: 12:00 P.M. – 4:00 P.M. Sun. 2/22
14

$749,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 2/22
20

$759,900 in Ridgewood
MLS # 1500512
257 Brookmere Ct, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Ranch
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 2/22
20

$798,000 in Ridgewood
MLS # 1504429
463 Van Emburgh Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Sarah Nall-Lono, Broker Associate
Weichert Realtors, Tenafly
Open House: 12:00 P.M. – 4:00 P.M. Sun. 2/22
25

$849,900 in Ridgewood
MLS # 1503174
274 Franklin Tpke, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath, Col
Theresa Druce, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 2/22
25

$1,029,000 in Ridgewood
MLS # 1505534
205 Manor Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 2/22
1

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A false friend :Why governments should stay out of the mortgage business

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A false friend :Why governments should stay out of the mortgage business

Feb 1st 2015 | Business and finance

IN THIS week’s print edition, we explore how mortgage subsidies have encouraged banks to lend more to homeowners and less to firms, with pernicious economic consequences. The Economist has long been a critic of such handouts. Back in 2000, we pointed out that implicit state guarantees for Fannie Mae and Freddie Mac, mortgage insurance giants, may do serious damage to the American economy if they take on too much risk. The federal takeover of the two firms in September 2008 as a result of the subprime mortgage crisis suggests we were right to be worried.

Fannie, Freddie

America’s government should get out of the mortgage business

Apr 15th 2000

FANNIE and Freddie sound like a sweet couple living down the street. But in America they are more likely to own the mortgage on your and your neighbours’ house. For Fannie Mae and Freddie Mac are two of America’s biggest financial institutions—and also two of its most indebted, with around $1 trillion of debt between them. Fannie Mae is the Federal National Mortgage Association, Freddie Mac the Federal Home Loan Mortgage Corporation. They dominate America’s mortgage market, a pre-eminence that is becoming controversial because these “federal agencies” are assumed (despite official denials) to be guaranteed by the government (see article).

Fannie and Freddie stand accused of using their “government guarantees” to steal business from unambiguously private lenders. One think-tank, the American Enterprise Institute, says they are on course to “nationalise” the mortgage market. Some congressmen now wish to change the law to tame these monsters before they stick the taxpayer with a bill reminiscent of the savings-and-loan bust in the 1980s.

The original idea behind Fannie and Freddie was innocuous enough. It was to provide liquidity to mortgage lenders, and so help people to buy homes, at a time when private markets could not stump up enough money. But today the financial markets are more than able to deliver. What the federal mortgage agencies do now is to distort the private market. This is a perfect example of what people mean when they talk of moral hazard caused by government intervention.

https://www.economist.com/news/business-and-finance/21641660-why-governments-should-stay-out-mortgage-business-false-friend?fsrc=scn/tw/te/bl/afalsefriend

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Bergen County home closing costs top $10,000

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file photo by Boyd Loving

Bergen County home closing costs top $10,000

FEBRUARY 2, 2015    LAST UPDATED: TUESDAY, FEBRUARY 3, 2015, 7:57 AM
BY KATHLEEN LYNN
STAFF WRITER |
THE RECORD

Buying a home in North Jersey is expensive, and we’re not just talking about the purchase price.

Closing costs top $10,000 in Bergen County – the highest in the state – and $8,000 in Passaic County, according to a new survey by a personal finance website, SmartAsset.com. This is the first year SmartAsset has studied closing costs.

Those costs include “every possible fee you could be charged,” SmartAsset.com said, including inspection fees, title insurance premiums, appraisal costs and attorney’s fees, the website said. It also includes prepaid property taxes and prepaid home insurance premiums.

Annekee Brahver-Keely, an agent with Russo Real Estate in Teaneck, said that closing costs can vary depending on such factors as how high a town’s property taxes are and how much the lawyer charges.

“There are a lot of variables,” she said.

AJ Smith, managing editor for SmartAsset.com, agreed that while some closing costs are fixed, home buyers can shop around to reduce their costs – for example, comparison-shopping for a lawyer, homeowners insurance and other costs.

Bergen and Passaic county closing costs come in at about 2.2 percent of the median home price in each county – about the same percentage as statewide and nationally, Smith said.

https://www.northjersey.com/news/business/bergen-county-home-closing-costs-top-10-000-1.1263322

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MICHAEL SHETLER HONORED WITH 4TH NJAR® CIRCLE OF EXCELLENCE AWARD®

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MICHAEL SHETLER HONORED WITH 4TH NJAR® CIRCLE OF EXCELLENCE AWARD®
February 1, 2015

2014 NJAR® Circle of Excellence Sales Award®

Michael Shetler, a top-producing agent with Keller Williams Village Square Realty in Ridgewood, NJ, was honored with the Silver level 2014 NJAR® Circle of Excellence Award®, presented by the New Jersey Association of REALTORS® for his sales achievements.

This is the 4th time Michael has received the award, having been a recipient in 2009, 2011 and 2013.

In 2014, he earned the Silver Level award, which has requirements of generating at least $6.5 million in sales volume and closing a minimum of 20 units during the calendar year.

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Michael Shetler, Real Estate Agent, Keller Williams Realty

The NJAR® Circle of Excellence Sales Award® recognizes those members who have demonstrated excellence in the field of salesmanship.

“I am honored to receive this award and thank my buyers andsellers in 2014,” said Shetler. “I also thank my clients from previous years who referred them to me. The true indicator of success in this business is to have happy clients.”

SEARCH HOMES IN ALLENDALE

SEARCH HOMES IN GLEN ROCK

SEARCH HOMES IN RIDGEWOOD

SEARCH HOMES IN UPPER SADDLE RIVER

Mr. Shetler has been with Keller Williams in Ridgewood (Keller Williams Village Square Realty) since it opened its doors in 2012. He covers the Bergen County area including Ridgewood, Glen Rock, Ho-Ho-Kus, Allendale, Fair Lawn, Wyckoff, Paramus, Saddle, River, Upper Saddle River, Ramsey, Mahwah, Oakland, Woodcliff Lake, Montvale, Park Ridge, Hillsdale, Westwood, Oradell and River Edge. Michael specializes in relocation services, first time home buyers, luxury homes and top notch selling services.

To learn more about how Michael Shetler can help you with your home buying or selling needs or if you are a real estate professional interested in joining his team, contact Michael at 201-421-0506 or michael@BuyingInBergen.com. Information is also available at https://BuyingInBergen.com.