Real Estate for sale Montvale, New Jersey, homes sales analysis. Property sales data including Average price,
Sales volume, Median sale price, houses sold. Montvale homes. Realtors, Montvale real estate agent.
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Real Estate sales
Montvale Home Sales

REMAX Real Estate Associates  201 573 8811 ext 331
Richard Stabile  President  Mobile 201 819 4541   
123 Broadway Woodcliff Lake, New Jersey 07677
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Real estate sales Montvale, Bergen County New Jersey 07645.
All Broker sales
Source : NJMLS, deemed reliable but not guaranteed. Includes all broker sales.
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   2003 to 2008 home sales for Montvale

Montvale, residential home sales has fared far better then many parts of the
country. The excesses of the mortgage industry did not drive the local market
the same as in Southern California, Florida, Nevada, Arizona and many other
extreme overly speculated areas with creative mortgages.

Average Home sales price declined only 4.77% from average home sales
price high of 2005.

Median home sales price has declines 7.24% from 2006 median high.

With allowing for true high price and current low price the decline from the
sales price high(not average) to current low is estimated to be about 10%.

This would bring current pricing back to the late 2004, early 2005 levels.
NJMLS all Broker sales were used in this study.

The higher home median and average prices that have held, have to some
extent  to do with some new large home sales which hold up the averages. On
a house by house basis the decline is somewhat greater then the statistics
reflect.

Real Estate Analysis
Monvale Home Sales

Year

2003
2004
2005
2006
2007
2008
 Units

72
81
70
58
63
62
 Sales Volume

$43,084,800
$50,646,700
$55,765,250
$45,995,249
$49,031,050
$47,340,299
 Average list

$610,535
$635,578
$798,386
$812,380
$830,097
$825,915
 Average Sale

$598,400
$625,268
$796,646
$793,022
$778,271
$763,553
 Median Sale

$542,500
$570,000
$670,000
$673,500
$629,000
$625,000

Real Estate Montvale
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