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After holding steady for two years, sales for the 12 months ending 6/30/2011 fell 16%. The biggest decline was seen in the $684,000-$785,000 price point. Current active listings suggest that sellers are hoping that higher-end buyers are once again coming into the market, but that is not confirmed by recent sales activity. Despite this high-end weakness, home prices are up across all 5 measured percentiles.
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During the past 12 months North Caldwell had 135 total listings of which 36% sold or went under contract. The strongest sellers’ price point was $886,000-$987,000.
Look for houses in North Caldwell.
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