Fourth Quarter 2018: Real Estate Market Report – Hudson County, NJ

The Hudson housing market surged yet again in the fourth quarter, with prices rising across the board. Overall sales for the county were down almost 11% from last year’s fourth quarter, with both multi‑family and condo sales falling sharply due to the lack of inventory available on the market. Indeed, for the 2018 year, sales were down 5% overall, falling 9% for multi‑families and 6% for condos, with single‑family homes being the only property type to see an increase, at 5%. But the drop in sales does not indicate a lack of demand, with prices up across the board: quarterly prices were up 14% for single‑family homes, 2% for multi‑families, and almost 7% for condos. And for the year, we’re seeing pretty dramatic price appreciation: single‑family homes up 12%, multi‑families up 12%, and condos up 7%. Going forward, we expect this to continue through a robust winter and spring market, as demand for housing in Hudson remains strong.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 3:28 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth Quarter 2018: Real Estate Market Report – Sussex County, NJ

Pricing in the Sussex market surged yet again in the fourth quarter, even while falling inventory held sales down. Transactions were down sharply, falling almost 12% for the quarter, but finishing the year up almost 2%. But the drop in sales clearly did not indicate a lack of demand, with prices spiking across the board: up 6% on average and 13% at the median for the quarter, and finishing the 2018 year up 5% on average and 6% at the median. More importantly, inventory has finally come down to manageable levels, down to the six‑month level that usually denotes a seller’s market. Going forward, we expect continued strength in sales, coupled with meaningful price appreciation through a strong 2019.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 2:56 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth Quarter 2018: Real Estate Market Report – Essex County, NJ

Sales in the Essex housing market went up again in the fourth quarter, but this increase in buyer demand had a middling effect on pricing. Sales rose almost 4% for the quarter, and finished the year up over 2%. But pricing was mixed: for the quarter, the average price was down over 4%, even while the median was up a tick. We saw the same thing for the full‑year results, with the average down slightly and the median up about 2%. The negotiability indicators, though, continue to support the idea that we’re in a seller’s market: homes are selling more quickly, and for very close to the asking price. And inventory continues to stay well below the six‑month level that usually denotes a seller’s market. Going forward, we do believe that prices have room for growth, and that rising prices will eventually attract more sellers, and more inventory, into the market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 2:27 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Morris County, NJ

The Morris housing market finished the year with a welcome burst of price appreciation, the result of low levels of inventory, coupled with strong buyer demand. After a surprising pricing decline in the third quarter, prices came back in the fourth, rising almost 3% on average and 5% at the median. That helped Morris close the year (barely) in the black, with the average and median both up just a tick. Inventory continued to stay well below the six‑month level, though, which is holding back sales: transactions were down 6% for the quarter, and finished the year down about 1%. Going forward, we do believe that prices have room for growth, and that rising prices will eventually attract more sellers, and more inventory, into the market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 12:58 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Passaic County, NJ

Pricing in the Passaic housing market surged in the fourth quarter, closing a robust year in which low levels of inventory suppressed sales, even while driving prices up. Inventory is still falling, dropping over 23% from last year and now down below the six‑month level that usually denotes a seller’s market. And we’re seeing that in the pricing trends, with prices up 6% on average and 7% for the quarter, finishing the full 2018 year up 5% on average and at the median. The lack of inventory is still, though, holding back sales, which fell 7% for the quarter and ended the 2018 year down almost 2%. Going forward, we expect that sales will only go up when these rising prices tempt more homeowners into the market, and that we will continue to see price appreciation through a robust winter and spring market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 12:30 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Bergen County, NJ

The Bergen housing market saw meaningful price appreciation in the fourth quarter, even while a lack of inventory continued to stifle sales growth. Sales were mixed, with single‑family homes down 4%, even while condos were up 3%. For the full 2018 year, sales in both houses and condos were down slightly, the result of constricted inventory levels that are now well below five months. But restricted supply, coupled with strong demand, is having its expected impact on pricing: quarterly single‑family home prices rose over 3% on average and 6% at the median, and condo prices spiked 15% on average and 8% at the median. And for the year, we’ve seen meaningful price appreciation in Bergen, with single‑family homes up 1% on average and 3% at the median, and condos up almost 8% on average and 6% at the median.
Going forward, we believe that these rising prices will eventually attract more sellers into the market, which will moderate the inventory problems and drive both sales and prices up in the spring market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 11:59 am
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Dutchess County, NY

Pricing in the Dutchess housing market soared again in the fourth quarter, with prices rising from high demand and limited inventory. Sales were down, just as in the rest of the region, with low levels of inventory holding back the market. But prices were up across the board: single‑family home prices rose over 12% on average and 6% at the median for the quarter, finishing the 2018 year up almost 10% on average and over 9% at the median. And we saw the same results in the condo market, with the full‑year prices rising 7% on average and almost 5% at the median. Going forward, we expect that sellers will eventually be attracted into this rising market, which might drive sales up in the winter and spring markets.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 10:29 am
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Putnam County, NY

Putnam continues to show every sign of a thriving seller’s market, with low levels of inventory stifling sales growth but driving meaningful price appreciation. For the quarter, sales were down just a tick, but prices were up over 3% on average and almost 6% at the median. And that strong quarter closed a robust 2018, with sales up 2% and prices rising 6% on average and almost 5% at the median. Indeed, the condo market was downright frothy, with sharply reduced inventory holding back sales but driving the full‑year pricing up almost 15% on average and 19% at the median. We think that this kind of price appreciation is not sustainable over the long‑term, but that low levels of inventory, coupled with high demand, will continue to drive meaningful appreciation through the winter and spring markets.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 9:58 am
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , , ,

Top Westchester Realtor Named Opcity Agent of the Month

Better Homes and Gardens Rand Realty’s Tracey May, of the White Plains office located at 222 Bloomingdale Road, was named “Opcity Agent of the Month” for December. Tracy has been in the real estate industry for close to two decades and is known as a seasoned real estate professional throughout Westchester and New York City.

Opcity is a real estate referral company aiming to turn online inquiries into transactions. The company features an “Agent of the Month” awards program that highlights an agent each month who “stands out from the rest.” Opcity’s program description states that “out of the 40,000 agents who receive leads from Opcity, a few stand out from the rest based on their responsiveness to claim referrals, continued follow up, and dedication to helping their clients buy and sell homes.”

Tracey says that she is “grateful” for the honor she received from Opcity and that she takes advantage of every Opcity referral opportunity. “I’m constantly looking for new clients and opportunities, and I never put all my eggs in one basket.”

She added. “I pride myself on being just a call away when the time arises for an experienced real estate broker.”

Says Jose Maymi, Better Homes and Gardens Rand Realty White Plains office manager: “Tracey truly deserves this award! Our clients really appreciate Tracey’s go-get-it attitude. She jumps at all opportunities that come her way and is always prompt and professional.”

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 16, 2019 at 11:40 am
Vincent Abbatecola | Category: In the News, Rand Country Blog | Tagged , , , , , ,

The Best Kept Secret of Success Revealed by Joe Rand and BHG Rand Realty’s Top-Producing Agents

Joe Rand has revealed one of BHG Rand Realty’s top secrets of success!

It’s the Rand Masters Roundtable event, which has become a highly-valued “tool” for top talent; one that often translates into increased business and sales. What first started as a simple networking event for top-producing agents, is now one of our best strategies to drive business and stay competitive

This year’s event was held on November 7th at the Rockland Country Club with approximately 150 agents from Westchester, Rockland, Putnam and Dutchess counties in NY; and Bergen, Passaic, Hudson and Morris counties in New Jersey. The topics and titles selected for the discussion were specifically developed to spark creative thinking that can ultimately lead to a dynamic discussion, including: Bringing the Wow, The Referral Machine, The Discounter Dilemma, Best Idea Ever, Setting the Stage, Social Animals, and more.

According to Joe Rand: “Bringing together the most talented, experienced, strategic minds in the industry to share what they know, their insights, perspectives and ideas – has become one of our most successful strategies for growing our business and increasing sales.”

Here’s how the event works… In a roundtable setting, agents are encouraged to share their ideas, experiences and knowledge; provide tips and details about what has worked for them and what hasn’t, along with their best secrets for closing a deal. The overall goal is to build a culture of knowledge sharing among our agents.

“The Rand Masters Roundtables is a wonderful opportunity for all of Rand’s top agents to get together and discuss important topics in our industry within a roundtable format. I always look forward to it,” said Linda DeFilippo, who has been an award-winning Real Estate Broker Associate at BHG Rand Realty since 2000. A Rockland County resident for over 40 years, she specializes in all of Rockland County.

In addition to roundtable discussions — informal conversation and social networking also make up the core of this event

“This event is a great opportunity to network and share ideas with people of the same caliber, those of us who have been in the industry for a long time. Since we’re all doing the same volume of business, we’re encountering similar challenges and issues. It’s great to be in a room with people who do what you do every day, said Terry May, Real Estate Broker Associate, who has been an award-winning broker at Better Homes & Gardens for over 34 years. Licensed in both NY and NJ; Terry specializes in the Tri-State area.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on December 17, 2018 at 3:37 pm
Vincent Abbatecola | Category: Rand Country Blog | Tagged , , , ,