At A Glance: Madison, NJ
Listings As of 4/10
Total Active Listings: 65
Up To $500,000: 12
$500,001 - $1,000,000: 39
$1,000,001 And Up: 14
Listing Activity Since 4/1
13 Added
1 Back on Market
12 Price Reductions
5 Under Contract
6 Sold
2 Expired
4 Withdrawn
1 Temporarily Withdrawn
March Sales Activity
Up To $500,000: 2
$500,001 - $1,000,000: 10
$1,000,001 And Up: 1
Sales Prices were 3.9% below Original List Prices
(Activity data from GSMLS)
Total Active Listings: 65
Up To $500,000: 12
$500,001 - $1,000,000: 39
$1,000,001 And Up: 14
Listing Activity Since 4/1
13 Added
1 Back on Market
12 Price Reductions
5 Under Contract
6 Sold
2 Expired
4 Withdrawn
1 Temporarily Withdrawn
March Sales Activity
Up To $500,000: 2
$500,001 - $1,000,000: 10
$1,000,001 And Up: 1
Sales Prices were 3.9% below Original List Prices
(Activity data from GSMLS)
14 Comments:
Richard, two words: "midtown direct."
Richard, you'll pay a premium, but it will also help resale later on. For those who don't work in NY City, it wouldn't make sense, though, I agree.
Check out this realtor:
http://www.midtowndirecthomes.com
Nice train graphic at the top of the page!
Don't look at list prices anymore- they mean nothing- see them sit and then see what they eventually sell for. Everyone is talking about the market getting softer, the topic isn't- wow look at those prices but wow seems to be a lot on the market. Your Patience will be rewarded. I totally sound like a fortune cookie.....
Great article over at Slate (courtesy of Ben Jones). Talks about the new manipulative real estate commercials being aired by Century 21.
The Nastiest Wife on Television
As for "The Debate": It's terrifying. The problem lies in the performances. That beleaguered husband, dough-faced and weary, seems highly sympathetic as he expresses a few doubts about this major life decision. Meanwhile, the wife (who looks like a more hostile Mary Louise Parker—though she lacks MLP's patented bone-dry delivery) just knits her eyebrows at the guy like he's unfathomably dense. Later, she jabs him with an accusatory "What?!"—her eyes wide and wild, her neck muscles flexed, her head twitching in disbelief at what a ninny her husband's turned out to be.
The capper comes when their real estate agent, who we discover has been listening in on what should be a private and delicate moment, takes sides with the wife and thereby crumbles the husband's defenses. Don't listen to her, John. Of course your agent wants you to buy a house you can't afford—she gets a bigger commission!
You can watch the psychological warfare here:
http://russellarch.com/videofiles/CENTURY21.mov
grim
Based on my 4 or 5 months of personal experience, this is eerie because it can ultimately come down to a decision that becomes so clouded by tunnel vision and fatigue it easily becomes a gut decision filled with emotion.
That was until I found salvation, enter grim and the gang ;) I realize now that we’re only seeing Act I.
THANK YOU! Those commercials could be the most obnoxious thing I've seen on TV in years. And the timing is particularly insulting. You all have touched on how bad it is so I'll leave it at that.
That Centiry 21 commercial is very manipulative.
I wasn't sure if the Realtor™ was on the phone listening, or it was just a mish-mash editing style of the director.
If it's the case that the agent was listening in while the wife drilled the reluctant husband, that makes the ad even more nasty.
It's essentially FB propaganda.
Interesting commentary about the way men are portrayed on television. It seems that white men are the only PC target of ridicule these days. The guy's always the butt of the joke or the buffoon.
I was in Miami this weekend and noticed a number of Realtor Agents Wanted signs in the windows of a number of agencies. I would think these people are beginning to feel the pressure as sales slow down.
Here in NJ I see dozens of Real Estate Agents in the office and begin to wonder just how long they can "hang out" before they throw in the towel.
Bill
Let me just tell you all how happy I am that my wife is nothing like the wife in that commercial.
Unfortunately, I know a few husbands that aren't so lucky.
grim
Let me just tell you all how happy I am that my HUSBAND is nothing like the wife in that commercial.
Unfortunately, I know a few WIVES that aren't so lucky.
Men and women both by homes emotionally. For some men everything is a competition and they will over pay for a house to "win" it. Testosterone is certainly responsible for some of these unbelievable bidding wars.
I would never treat my husband that way.. When I saw the commercial I was wondering how long it would take before someone would find it equally offensive.We are looking in Montvale, Rivervale & Harrington Park.. We have low bid on 2 house (15% less then asking) The realtors there acted like we were insane... But I just can't see spending 600K for a 3 bedroom 2 baths split level house that needs updating on a 80 X 100 lot..The realtors told us that the sellers are going to wait because there are people out there who will pay the "right amount" to live there...Our families for the sake of thier own nest eggs are embarrassed that we would put a bid in that low..I am embarrassed for those who think thier shack is worth that much... It makes people look greedy. 1 home was 585K an they literally put a stand up shower in thier closet and called it a 2 bathroom.
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