Paramus Real Estate Agent: September 2010

Alpine, Franklin Lakes, Ridgewood & Wyckoff, NJ are among the 500 most expensive ZIP codes

This is an article in today's Bergen Record - It shows that 11 Bergen County, NJ towns were among the nation's 500 most expensive ZIP codes, as identifed by Forbes magazine annual list.

Alpine loses top spot on Forbes' list of most expensive ZIP codes Tuesday, September 28, 2010
Last updated: Tuesday September 28, 2010, 9:29 PM BY WILLIAM LAMB The Record STAFF WRITER

The slide may be indicative of the slack market for luxury homes in the wake of the 2008 financial crisis. Only three residential properties sold for more than $5 million in Bergen County last year, down from 10 in 2007. Jeffrey Otteau, an East Brunswick appraiser, estimated in June that there was a seven-year supply of Bergen County homes on the market with an asking price of $2.5 million or more.

Eleven Bergen County towns were among the nation's 500 most expensive ZIP codes, as identified by Forbes magazine in an annual list. (No Passaic, Hudson or Morris county towns made the cut.) Here they are, along with their ranking and median home price.

4. Alpine $3.8 million

79. Saddle River $1.7 million

137. Englewood Cliffs $1.3 million

146. Franklin Lakes $1.3 million

231. Demarest $995,000

268. Ho-Ho-Kus $902,000

293. Woodcliff Lake $862,000

328. Tenafly $818,000

351. Wyckoff $766,000

380. Closter $739,000

424. Ridgewood $695,000

This article is written by William Lamb, staff writer of the Bergen Record

 

Jeana Cowie, ABR, CRS, GRI, SRES©
Broker Associate, Real Estate Agent 
  
RE/MAX Real Estate Limited
Oradell, NJ 07649 (in Bergen County, NJ)

www.jeanacowie.net   

Jeana Cowie is a Top RE/MAX Bergen County REALTOR©                            

Over 800+ homes SOLD!! 23 Years of Full Time Bergen County Real Estate Sales Experience

Specializing in Paramus real estate (over 300+ homes SOLD in Paramus alone) handling all of your Bergen County real estate needs, from Allendale to Wyckoff

Top 1% of all RE/MAX agents in NJ

Follow me on Facebook at: http://www.facebook.com/BergenCountyRealEstateUpdate

Subscribe to my FREE Monthly Real Estate Update Newsletter at: http://realtytimes.com/c/JeanaCowie

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