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Middlesex/Monmouth/Ocean/Somerset did slightly better, losing only 9.4% since last year.
Sounds about right, considering the expected further 25% drop, that will put us at about a 40% drop in value for Essex / Union / Hunterdon / Morris / Sussex (Newark metro area) and a 30% drop for Middlesex / Monmouth / Ocean / Somerset (Edison area) by the time this year is out.
Bergen/Hudson/Passaic are included in a group along with some NY counties, there are no separate numbers for the NJ pieces but the group as a whole is down 11.7% since last year. But I haven't seen any predictions about what to expect with this group by this time next year (they were not included in the 25 Weakest Housing markets for 2009, as were the other counties above)
Wait that cannot be true. I heard in another thread that someone just sold his house 100% more than he bought it in 1997. These numbers are definitely wrong
Middlesex/Monmouth/Ocean/Somerset did slightly better, losing only 9.4% since last year.
Sounds about right, considering the expected further 25% drop, that will put us at about a 40% drop in value for Essex / Union / Hunterdon / Morris / Sussex (Newark metro area) and a 30% drop for Middlesex / Monmouth / Ocean / Somerset (Edison area) by the time this year is out.
Bergen/Hudson/Passaic are included in a group along with some NY counties, there are no separate numbers for the NJ pieces but the group as a whole is down 11.7% since last year. But I haven't seen any predictions about what to expect with this group by this time next year (they were not included in the 25 Weakest Housing markets for 2009, as were the other counties above)
Trash? Not at all - these are fresh numbers that were just released from NAR today, Wiley.
4th Quarter Metro Area Home Prices Down as Buyers Purchase Distressed Property (http://www.realtor.org/press_room/news_releases/2009/02/4th_quarter_metro_area_home_prices_down?LID=RONav0 021 - broken link)
That was me, who sold a house for almost 100% more than we paid for it in 1997 in Monmouth County.
Statistics are just numbers--they don't tell the real story, especially for real estate.
curious if you don't mind sharing - how much did you put into the house? if you bought for $200K, put $100K into it over 11 years and sold for $400K, sure, you can say you sold for 100% more...but....
maybe you already took that into account, not sure.
Tahiti, absolutely nothing was put into the house. I mean, maybe some maintenance like a boiler, and a central AC repair, but besides that NOTHING, except a fence on one side and about 10 trees. It was a tear down, a teeny tiny dinky old ranch built in the 50s.
We thought it would sell for 100K less than it did.
Tahiti, absolutely nothing was put into the house. I mean, maybe some maintenance like a boiler, and a central AC repair, but besides that NOTHING, except a fence on one side and about 10 trees. It was a tear down, a teeny tiny dinky old ranch built in the 50s.
We thought it would sell for 100K less than it did.
OK now that you made some profit and think all is well, tell us, would you buy something else?
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enough already!!!! Raking thru the trash again L? 
