Clifton RE Market Report for March 2020

Clifton RE Market Report for March 2020.

Take a Look at Your Local Housing STATS.

SOLD MARCH 2020

Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 29

Media Price Sold Price Sale to List Ratio DOM

$ 339,000 $ 339,000 98.8 36

SOLD FEBRUARY, 2020

Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 34

Media Price Sold Price Sale to List Ratio DOM

$ 330,000 $ 330,000 98.2 55

Quarter/Year to Year Increase:

Increased by 4.91% ↑

First Quarter of 2020 (JANUARY 1st-March 31st-2020)

Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 101 Homes

Media SOLD Price: $ 355,000 Days on Market: 39 Sale to List Ratio: 98.9

First Quarter – 2019

Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 143 Homes

Media SOLD Price: $ 338,000 Days on Market: 41 Sale to List Ratio: 98.5

Clifton RE March Report Quarterly 2020 over 2019:

Increased by 4.91% ↑

REMEMBER:

Interest Rates are lingering around 3.5%, the lowest ever in history, if you have a higher rate is time to check your mortgage statements and call your lender if you’re thinking to stay in your home for the foreseeable future, you could be saving thousands in interest.

If You Need anything, Feel Free to Contact Me at:

Roberto A. Sanchez – 973-216-1945

The demand for multi-family homes in Clifton is impressive and certainly, the shortage of listings is amazing.

How the CORONA VIRUS will affect Real Estate!

The kickoff of the traditionally busy real estate market in the Northeast that starts with the Spring season in this occasion might be overshadowed by the imminent threat and scare at all justified with the outbreak of the disease, while many sellers and buyers will hold off their plans to move on, the recent market falls indicate investors are taking their money from the financial markets to more secure investment asset classes also according to the experts causing the interest rates to drop as these investor look for more secure bond investments. These might become great opportunities to buy and sell.