Seems Bergen isn't Bubblewrapped

Seems like the cheerleader predictions of Bergen being bubblewrapped are unfounded, just like all the rest of the real estate mythinformation going around.

Off today's hotsheet:

Price Changes
Allendale $1325000 Reduced to $129500
Edgewater $859000 Reduced to $779000
Fort Lee $639000 Reduced to $629000
Glen Rock $735000 Reduced to $709000
Hillsdale $759000 Reduced to $739000
Mahwah $329900 Reduced to $322900
Oakland $599000 Reduced to $579000
Oakland $895900 Reduced to $894900
Ramsey $669000 Reduced to $649000
Ridgewood $1285000 Reduced to $1199999
Rutherford $535000 Reduced to $492500
Saddle River 1800000 Reduced to $1725000
Teaneck $488900 Reduced to $479500
Waldwick $729000 Reduced to $699900

Sold
Allendale $384900 Sold at $370000
Hohokus $639000 Sold at $607000
Mahwah $405900 Sold at $399500
Paramus $1425000 Sold at $1200000
Ramsey $469900 Sold at $439999
Rutherford $325000 Sold at $308000
Rutheford $520000 Sold at $505000
Teaneck $329709 Sold at $327000
Wyckoff $925000 Sold at $890000

I don't get it, I thought Bergen County was wrapped in magical bubblewrap that protected it from market behavior? As always, don't bother trying to catch a falling knife, you'll only get cut.

Caveat Emptor,
Grim