Clifton Real Estate Report – July 2020
Clifton RE Market Report – JULY 2020.
Clifton Real Estate Report – July 2020, 1st half of 2020 vs 1st half of 2019
Take a Look at Your Local Housing STATS (For Stats Pertaining to your Local Neighborhood, Feel Free to Reach Out)
Real Estate Market Report – July 2020 (First Half of 2020 Vs First Half of 2019).
Homes Sold First Half of 2020 (JANUARY 1st – June 30th-2020)
Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 207
Median-Price Median Sold Price Sale to List Ratio DOM
$370,000 $ 370,000 100% 30
Homes Sold First Half of 2019
Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 309
Median Price Median Sold Price Sale to List Ratio DOM
$ 345,000 $ 339,000 98.7 33
Increased by 6.75% (2020 over 2019)
These Clifton Real Estate Report – July 2020, Gives us an overwhelming evidence of the surge in the real estate market locally and in Northern NJ that has been increased by the pent up demand created by the shelter-in-place during the traditionally busy spring market in the Northeast due to COVID-19 which at the same time we’re seeing has created a surge in traffic from City buyers looking for a more suburban-like lifestyle, more space and yard and literally some distance from their next-door neighbor.
In addition, interest rates at an all-time low have made it attractive for the wait and see buyers jump in the market, putting pressure in the already low inventory of homes, causing in many cases a bidding war that’s driving prices up and discouraging in many cases well-qualified buyers to increase their price range if possible.
Also, most buyers have had to take a more aggressive stand in their homeownership pursuit with the help of their real estate professional.
Now is a great time for those in the fence about selling within the foreseeable future.
Feel free to contact us via email/text or call for your personalized and accurate valuation, obviously with no OBLIGATION and with no waste of money or valuable time.
See Recently SOLD Homes in your Neighborhood