Analyzing Tenafly Homes Sales

Homes sold in Tenafly 2004-2011

This chart presents an interesting view of the 1165 homes that have been sold in Tenafly since 2004:

  • 80% 0f the homes sold were priced under $1 million
  • the largest block of home sold (62%) were priced between $500k- $1 million

It’s amazing to see how dramatically the sales decrease when homes are priced above    $1 million

  • Only 8% of the homes sold were priced between $1-1.5 million (for an almost 7 year stretch)…a 56% drop in sales compared to homes priced between $1-1.5 million

What can’t be lost in the numbers, is that for the homes that sold pre 2004-2006 (and appreciated), those homes will have a tougher time selling at their once appreciated values.  However, what’s been great to the Tenafly market,is that Tenafly is still overwhelmingly the got to town for today’s buyers.  And even though we’re still far behind the pre-crash sales volumes, Tenafly is faring much better than the surrounding towns, withe the number of homes sold.

Check back because there’s more to come

Eating Real Estate provides buyers and sellers with valuable information, that will help you make sound decisions based on real market facts, not hype…and will help you to avoid making the same costly mistakes that buyers and sellers made in the past.                       It’s everything you need to know about the local market, but no one’s telling you.              Learn all the facts before you buy or sell a home…it’s your money at stake.

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