Category Archives: News You Need To Know

Alpine luxury home market continues to tank

When will the luxury housing market begin to recover in Bergen County?

Alpine used to be at the top of the Forbes list as one of the most expensive zip codes in the nation.  I doubt it will be there again if the look at the updated market stats and home sales.

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Ever since the housing market began its recovery in our area about 3 years ago, our once precious and busy luxury market is still in the biggest hole of its lifetime.

The ironic thing is, there are a number of ultra luxury homes that were built by land owners or are presently under construction that cost considerably more than $3 million…but the realtors can’t save their lives to sell a luxury home without a steep discount.

People who are building luxury homes see the value,  yet the realtors don’t.  I kinda like what the consumers are saying because they’re making some huge investments.

The luxury market has taken a huge hit, and the effects are  showing in the prices…it’s devastating and  there’s no end to the bloodbath.

A number of wealthy homeowners have taken their homes off of the market and have opted to wait it out.  I think they’re in for a long wait

Luxury homes


  • There are 32 homes for sale in Alpine priced above $3,000,000
  • In 2013 only 6 homes sold for more than $3 million
  • The highest priced home sold was $13,375,000…which was a 25% discount (originally listed for $18,500,000
  • The second highest priced home that sold was $7,500,000 and was originally listed at $14,900,000 in early 2011…50% discount
  • Of the 6 homes sold…5 were local residents and only 1 was from out of the area (Manhattan)

Going back to the high flying days a 2 acre lot was worth $4 million…for the land only.  Now you can buy a home in Alpine for $4 million and it has a house on it.

Discounts on most of the homes sold in Alpine was 25%.  Most of the homes are dated and need major makeovers which will probably cost another $500k

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luxury homes for sale Alpine NJ,alpine, steven konefsky, eating real estyate, prominent properties sothebys international, luxury homes


















Alpine has several home for sale that have been on the market for 5 years.  

  • One is listed for almost double what the owners paid for the home in 2005
  • Another home was built as a speech home…guess that was a bad investment
  • And one has been ion and off of the market for 4 years and the price keeps increasing…from $9m-$14 million

Bergen County Stats:

  • One-third of the homes for sale in Bergen County are listed for sale in Alpine (32 homes for sale)
  • In 2013 only 28 homes priced above $3 million were sold in all of Bergen County
  • There are 96 homes for sale in BC priced above $3 million

For those of you who have the ability to spend $3 million to purchase a home and then some additional bucks on a renovation, this may be your time.  As a long term investment…maybe, maybe not.  As a place to live and enjoy…yes.

Tell us where you think this end of the market is heading


Disclaimer:  Steven Konefsky is a home builder…inc renovations, real estate developer, design consultant, real estate marketing guru, and he sells real estate through Promiment Properties Sotheby’s International in Tenafly NJ.  If you have any real estate related questions you can make comments on this blog or Steven can be reached at 201.522.5256 and at  FaceTime and Skype video conversations are welcomed 🙂


8 ways Tenafly home sellers and realtors can improve their home appraisal

Screen Shot 2013-04-26 at 11.24.13 AMIf your home is for sale in Tenafly, Cresskill, Alpine, Demarest or in any of the other surrounding towns, then this is a must read for you.  This is an item that every seller and realtor needs to key into and to fully understand.

Here’s a well thought out article I found on Reuters about how to improve your home appraisal…Eight ways to improve you home appraisal

At this time, appraisals are the one item in the sales process that big time affects every buyer and seller.  Every home buyer gets an appraisal, and every seller impatiently waits to hear the results…and sometimes the news is good and sometimes it isn’t.

One of the things that I don’t understand about sellers, and I’ll just touch on it here, is why they don’t have their own appraisal done prior to listing their home.  Not that the appraisal is the true indicator of the value of your home, but the price that the appraiser comes up with is what every lender bases their mortgage loans on…so sellers have to deal with it sooner than later. 

My advice: if you’re looking to sell your home…get an appraisal before you list it.  Then you’ll know approximately what the appraised value is, and this can help you either to price it in that range, or to push the price, and negotiate around it, if the buyers appraisal comes in much lower.  It’s not the end of the world if it’s a low appraisal, but if you already know what that number is, then you can prepare yourself for negotiating your way out of it.

Appraisals are still the biggest stumbling block to selling your home, and realtors love to use the appraisal mess as a way to keep prices lower, because in their mind buying a home is all about price.  But we consumers know that this isn’t true in most cases.

If an appraisal on a home comes back lower than the sales price, and it happens, some sellers end up losing a deal becuse the buyer can’t come up with the percentage difference between the appraisal and the higher sales price. Not that the appraisal is always correct (and that’s why you have to read this article), but it does scare people.

This will begin hurting ssome sales in Tenafly, because sales prices will start rising, especially for homes selling below $1 million. I’ve been complaining for over a year that homes at this price point in Tenafly are being under-priced by up to 10%, but no one would listen, causing home owners to lose substantial money on their sales.

Here’s the article:

By Lou Carlozo

WASHINGTON (Reuters) – When Kellie and Michael May decided to refinance their home in the New York suburbs, they wanted to take advantage of historically low interest rates. But before landing a new 30-year fixed-rate mortgage, they had to get through a home appraisal.

“It was a major stumbling block,” says Kellie May, who has owned the 4-bedroom, 3-bath colonial for seven years. Not that she and her husband were unprepared; they’d been through an appraisal for another refinance in 2010, so they knew to point out improvements they’d made to the 3,400 square foot home, and supply prices for other neighborhood properties that had sold recently.

But the appraisal came back roughly $70,000 less than the $1,230,000 the Mays were expecting, and too low to support their new loan.

They responded with a paperwork arsenal aimed at their lender, asserting that the appraisal had been based on faulty recent sales data. The loan squeaked through, after the bank crafted an exception for the Mays. It was able to do that because their loan was a jumbo loan, not subject to the more rigid underwriting standards they would have encountered if it were a conventional loan aimed at secondary buyers like Fannie Mae and Freddie Mac.

Low appraisals are becoming a bigger problem for many would-be buyers and refinancers as home values have started to stabilize and rise in some markets.

In Leesburg, Florida, for example, low appraisals have caused the cancellation of as many as 15 percent of home sales for local real estate broker Gus Grizzard.

“We are seeing higher price appreciation and are starting to run into appraisal problems,” said Charlie Young, chief executive officer of ERA Franchise Systems, a firm with a national network of real estate brokerage offices, including Grizzard’s. The National Association of Realtors reported on Tuesday that inventories of homes were low and the median price a home resale was, at $180,800 in December, up 11.5 percent in a year.

Appraisals are based on recent sales prices of comparable properties. And in rising price markets, those sales prices might not be high enough to support the newest deals. Young said there were many places in California reporting appraisal problems.

On Friday, the federal government issued new rules aimed at improving the appraisal process as it pertains to high-interest mortgages on rapidly appreciating homes.

But those rules don’t go into effect for a year, and don’t apply to most conventional loans. It pays to protect your own loan before the bank even thinks about sending that guy with the clipboard over to your house.

“The reality is that the appraiser is only there for 30 minutes at most,” says Brian Coester, chief executive of CoesterVMS, a nationwide appraisal management company based in Rockville, Maryland. “The best thing a homeowner can do to get the highest appraisal possible is make sure they have all the important features of the home readily available for the appraiser.”

Here are eight ways you can bolster your appraisal:


Is the appraiser from within a 10-mile radius of your property? “This is one of the first questions you should ask the appraiser,” says Ben Salem, a real estate agent with Rodeo Realty in Beverly Hills, California.

He recalled a recent case where an appraiser visited an unfamiliar property in nearby Orange County and produced an appraisal that Salem said was $150,000 off. “If the appraiser doesn’t know the area intimately, chances are the appraisal will not come back close to what a property is really worth.”

You can request that your lender send a local appraiser; if that still doesn’t happen, supply as much information as you can about the quality of your neighborhood.


Provide your appraiser with at least three solid and well-priced comparable properties. You will save her some work, and insure that she is getting price information from homes that really are similar to yours.

Websites including, Zillow and Trulia offer recent sales prices and details such as the number of bedrooms and bathrooms in a home.


If you’re going to do minor renovations, start with your kitchen and bathrooms, says G. Stacy Sirmans, a professor of real estate at Florida State University. He reviewed 150 variables that affect home values for a study sponsored by the National Association of Realtors. Wood floors, landscaping and an enclosed garage can also drive up appraisals.


If you’ve put money into the house, prove it, says Salem.

“Before-and-after photos, along with a well-defined spreadsheet of what was spent on each renovation, should persuade an appraiser to turn in a number that far exceeds what he or she first called out.”

Don’t forget to highlight all-important structural improvements to electrical systems, heating and cooling systems – which are harder to see, but can dramatically boost an appraisal. Show receipts.


If your town has recently seen exciting developments, such as upscale restaurants, museums, parks or other amenities, make sure your appraiser knows about them, says Craig Silverman, principal and chief appraiser at Silverman & Co. in Newtown, Pennsylvania.


Many homeowners covet that refinished basement, but that doesn’t mean appraisers look at it the same way. “Improvements and additions made below grade, such as a finished basement, do not add to the overall square footage of your house,” says John Walsh, president of Total Mortgage Services in New York. “So they don’t add anywhere near as much value as improvements made above grade.”

According to Remodeling magazine, a basement renovation that cost $63,000 in 2011-12 will recoup roughly 66 percent of that in added home value. That’s not as good as an attic bedroom, which will recoup 73 percent of its cost. Even similar bedrooms typically count for more if they are upstairs instead of downstairs.


Even jaded appraisers can be swayed by a good looking yard. “Tree trimming, cleaning up, a few flowers in the flower beds and paint touch up can all help the appraisal,” says Agnes Huff, a real estate investor based in Los Angeles.

That advice holds true indoors, too. “Get rid of all the clutter in your home,” says Jonathan Miller, a longtime appraiser in New York. “It makes the home appear larger.”


Don’t follow the appraiser around like a puppy. “I can’t tell you how many homeowners or listing agents follow me around in my personal space during the inspection,” he says. “It’s a major red flag there is a problem with the home.”

And while you’re at it, make the appraiser’s job as pleasant as possible by giving your home a pleasant smell. At a minimum, clean out the litter box. Baking some fresh cookies and offering him one or two probably won’t sway your appraisal, nor should it. But it couldn’t hurt.

(The writer is a Reuters contributor. The opinions expressed are his own.)

(Follow us @ReutersMoney or at; Editing by Linda Stern and Tim Dobbyn)

Will New York Billionaires Save The New Jersey Luxury Home Market

Location is everything when it comes to real estate.  And nothing shows this more than the article in this Sunday’s New York Times titled…Billionaires’ Club Is Set To Grow…The demand for high-end homes is also expected to rise.

 “The buying seems to draw traction from the fact that there will be so many more newly minted rich people hunting for properties. Over the next 10 years, some 95,000 more people around the world are expected to see their wealth grow to at least $30 million, according to a forecast by Knight Frank, a London-based real estate company, which puts the current number of such people at 189,835.”

The article ties in an expected worldwide explosion of billionaires, to an already exploding ultra-luxury residential market in  key cities, like New York City.

With what is happening in NYC and other major cities, translate into the same trend for the Bergen County, New Jersey market, which is (used to be) tightly intertwined with what goes on in New York City?  Do the mega home sales that we’ve all heard about happening in Manhattan spill over into our market, as it used to.  Or are these sales, and the overall strength of the NYC residential market taking away sales from the neighboring suburbs, and hindering our recovery.

Their assumptions may be true for specific locations like Manhattan…but it’s not the case in Bergen County, New Jersey, where the number of luxury home sales, are down 60% from the peak, and the dollar volume has seen a 67% hit.

The numbers show that luxury home sales and ultra-luxury home sales are being clobbered in Bergen County.  And I would be willing to bet that some of this is attributed to the boom that’s happening in the city on the other side of the Hudson.

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Some Facts:

There are 94 luxury homes for sale in Bergen County (priced above $3 million):

  • 21 luxury homes are for sale in in Alpine
  • 12 are in Cresskill
  • 8…Englewood
  • 9…Franklin Lakes
  • 22 are located in Saddle River
  • 7 in Tenafly
  • The remainder are scattered throughout other towns in Bergen County

The Scary Part:

  • 94 homes for sale priced above $3 million
  • In 2012 only 25 homes were sold in this price range
  • Sales in 2012 decreased by 23% from 2011
  • From the peak year of luxury home sales in 2006 compared to 2012, sales of luxury homes decreased by a whopping 60%
  • The dollar volume of sales at the peak compared to 2012 decreased by 67%

And there’s no end in sight to this downturn. The demographics are working against the high-end market, and high taxes. And the ego to purchase one of these suburban monsters isn’t there in the volume that’s needed to turn things around.

  • In 2012 the most expensive home sale in Bergen County was a $20 million home located in Alpine…a 40% discount from the asking price
  • The next most expensive home sale in Saddle Rive was $6,000,000.  This home was for sale since 2005 and was listed in 2010 at $9,250,000.  It finally sold at a 35% discount…and this was a fairly new home in an incredible subdivision.

The most interesting fact with luxury home sales in Bergen County is that out of the 25 homes that were sold above $3 million, only 1 home was sold to a foreign buyer outside of the United States, and only 5 homes were sold to people outside of New Jersey, and 4 of those were from New York. So much for all the talk about international buyers purchasing homes in our backyard.  Yes, real estate is local!

“In the end, the global luxury property market is functioning in its own universe, seemingly removed from general real estate trends. It “remains relatively impervious to these trends and more closely follows the luxury goods market,” Christie’s International Real Estate said in a study released this week.”

Christie’s International…you missed what’s really happening in northern New Jersey…but why let the facts get in the way of hyping the market.  And don’t think that what is happening in Alpine, New Jersey is irrelevant, because for the past bunch of years, Alpine has been one of the most expensive zip codes in the Country.

National stats and reports, have noting to do with what’s really happening right in your own back yard

Remember, real estate is local!


The return of the $300k home sale in Bergen County? Not in the eastern part of the county

I added another post to my series about the State of the Housing Market in Bergen County, because of an article that was just released in The Record and on…The return of the under $300k house in Bergen, Passaic counties…by Kathleen Lynn, that focuses on the lower price range of the market (in specific towns), and once again on affordability.

  • is this really a return of lower priced homes?
  • is it a temporary return?
  • will this hurt sales of higher priced homes?
  • or is this article all about nothing…because the sales figures for homes priced under $1 million hasn’t really changed all that much going back to 2009?

And to dig even deeper, is this the future for Bergen County home sales, because the lower price range is all that today’s buyers can afford?

In fact, it’s pretty easy to find a home for less than $250,000

but not in the eastern part of the county!

This article seems more like a marketing piece for Realtors.  And again, they make it all about price.  But as the facts bare out, price doesn’t create more sales…it just makes it less expensive for people who are already in the market who probably would have bought a home at a higher price.

Sales of homes priced below $300k decreased in Tenafly by 88% in 2012…and that’s taking into consideration, all types of housing…not just single family homes…(8 houses sold in 2011 and only 1 house sold thus far in 2012).  And there was a 17% decrease in this price range from 2010-2011.

Real estate is local!

As I’ve stated in previous posts, it’s impossible to properly assess the market at any price point unless you use comparison from a multiple of past years and price ranges. The shift to something is be more important than the shift to something.  And this is the case for the articles in the above referenced publications.

The Record’s look at property records found that under-$300,000 homes were a majority of sales in many towns that have traditionally drawn first-time home buyers, such as Bogota, Bergenfield, Elmwood Park, Garfield, Hackensack, Lodi, Clifton, Wanaque, West Milford and Pompton Lakes. But properties under $300,000 also made up 42 percent of the sales in Fair Lawn, 27 percent of the sales in Mahwah and 23 percent of the sales in Waldwick.

I’m going out on a limb to say that a majority of the homes sold in Tenafly are also to first time buyer…but at higher prices than the towns mentioned above. Which means that the $300k price range is irrelevant, but for talking about an incredibly narrow price point.

Yes it’s true that the sales of homes priced below $500k (they use the weird figure of $300k…whereas I use more simplified figures in $500k-$1.0m increments, so it’s easier to understand) has increased by a whopping 31% in 2012…from 40% of all homes sold in Bergen County to 62% of home sales.

But what the articles failed to point out is that in 2011 the sales of homes priced below $500k, actually fell by an equally whopping 27% from 2010.  So the return to the $300k home may not be such a radical move after all (or could it be incredibly radical).

And also not mentioned were the sales figures for homes priced from $500k- $1 million:

  • sales of homes in this price ranged decreased by 36%…from 47% to 30% of all homes sold in Bergen County
  • however, sales in the same price range increased in 2011 by 28%

What this really tells us about the market is something that we all need to be concerned about…and that is the trend that this portrays.  Which is that if this is in fact the trend that the publications believe that it is, is that the market in Bergen County is going to be predominately positive only for lower priced homes.  Because as they point out, most of today’s buyers are first time buyers…not move up buyers.

And if this is in fact the case, which it could be, then the trend for homes priced well above these figures will suffer, because there isn’t enough of a supply of these homes for sale.  Which will then cause the price of the lower priced homes to increase in value.  Which will then cause less homes to sell…and push more people to rentals.

Another problem that isn’t addressed in the articles is…what does this mean for towns like Tenafly, Cresskill, Closter and others in the more expensive eastern part of the County where the prices are considerably more expensive than in other areas of the County.  Will the eastern towns get hurt if this remains the trend?

If there’s one thing to learn from this…it’s that real estate is very local.  And if facts aren’t compared to other towns a price ranges, then it has no baring on anything other than to create distracting noise.  But worse it misleads consumers into believing something that is broadly true, but locally not correct.

If I only read the headline…The return of the under $300k house in Bergen, Passaic counties…then I would believe that the $300k home sale was a trend everywhere in Bergen County.  But it’s not.

But I do think that this highlights a serious problem that will affect us in the future…throughout Bergen County.  If this is the price range that buyers can afford for the next few years, it creates a problem for sales and values everywhere in the county.

The article was great in that it brings to attention some potential future problems with our housing market, and by pointing out that some people are looking in specific areas for lower priced homes, but that has pretty much always been the case in Bergen County. But you didn’t know that.


Local media predicts low interest rates and home prices will create turnaround for Bergen County. Are they right?

This is the first of a multi-part series looking at the housing market in Bergen County based on an article I recently came across on titled…Home prices coming down to earth in Bergen County, could signal turnaround. 

This article represents the typical broad based view, that historically low interest rates and decreased home prices, should automatically create affordability, and thus should translate into a housing turnaround.  This is the same assumption that the pundits have been touting since the housing bubble crashed in 2008 (really in 2006 in our area)…and yet have been left scratching their heads, wondering why their view of the market hasn’t come close to fruition.

Who in their right mind wouldn’t purchase a home with these numbers?

If only a recovery, or a turnaround was as easy as a simple math equation

Bergen County home sales 2001 – 6/30/12

As you can see by the table (data from njmls) few people have bought into this line of thinking, because as the data shows, home sales haven’t improved in Bergen County with 3+ years of record low rates and huge price declines.

Home sales have remained remarkably stable since the crash.

Stability is a great thing!

First some stats for single family home sale in Bergen County:

  • the number of homes sold yearly in Bergen County, have declined by 20% since 2008 (national market crash)
  • the number of home sold from the high point of 2004 (7631 single family homes sold) decreased in Bergen County by 41%
  • The dollar volume of homes sold in Bergen County compared to 2004 decreased by the same 41%

Multi-family sales stats:

  • Again, contrary to the national crash, the multi-family market  in our area crashed in 2006…sales declined by 21%% from 2006 to 2007.  And then sales declined even further  by another 33% from 2007 to 2008.  But the market has been stable since then
  • As with the single family market in Bergen County, multi-family sales bottomed in 2008 and have remained at the same level of sales since then

Why didn’t the people who have all the up to date sales stats, see that the market crashed, and sound the alarm back in 2006?  Why did it take another 2 years for consumers to find it out the hard way. How many of us would have sold our homes or not have bought one if we had know the big crash was coming

Stability is a great thing!

Even at a low sales volume, we should be celebrating stable sales activity, and not dwell on the fact that home sales haven’t gone back to the hyper boom day volumes…that simply isn’t going to happen again.

What the industry machine and the media are all caught up on, is that history will repeat itself, and when and if things do improve, then the market will jump back to where it once was.  It’s a myopic view of reality

What everyone should start getting used to,  is that this is the “new norm” for home sales looking into the future?

Buying homes is not all about a mathematical equation of price and low rates…in fact I contend that price has very little to do with the volume of home sales…and the data proves that point.

Let’s look at a few topics:

First: the demographics of today’s home buyer is dramatically different than past buyers

  • a majority of buyers are first time buyers and investors (what happens when all of these investors can’t sell their units?).  Buyers typically take a rather large mortgage, and investors pay cash
  • people are getting married later in life…so the need to buy a home isn’t as immediate as it was in the past
  • married couples are waiting longer to have kids…so the move to the suburbs will take longer…if people do in fact move to the burbs
  • it takes longer to save for a down payment…creates less sales
  • it takes longer to sell a home in the burbs, because there are less buyers in the market for suburban homes
  • people are waiting to buy a home in the suburbs until their kids are ready to enter the school system…because of insanely high property taxes

All of this leads to a longer sales cycle, and fewer sales.

Second: the suburbs offer little in value or lifestyle needs for today’s young buyers…especially without kids. The 1950’s vision of suburban family life, doesn’t work with today’s pool of buyer…both young and old.

So who are the suburbs for?  Everyone!

  • Urban areas like Hoboken, Edgewater, Fort Lee, Jersey City and Weehawken will become boom towns for new rentals…and that will draw today’s younger buyers, because these projects offer a more attractive and exciting lifestyle…and a less costly and less risky place to spend their money for the next “x#” of years. These areas are rapidly replacing our existing suburbs
  • See article outlining the pending rental boom in northern New JerseyRobust New Jersey Development Buoying Optimism
  • And even with increasing rentals rates, developers can easily lower their prices to compete against the “it’s cheaper to own” formula that this article and most others point out.

Rents can come down at a moments drop to compete with lower home prices, whereas home prices can’t. But again. we’re seeing that it’s not all about price.

All of these items will lead to less home sales in Bergen County during the next decade.  And let’s not forget that New York City has proven to be a better investment for buyers, and is still the go to place to live in our region

The argument for affordability based solely on an equation (price and interest rates…and compared to increasing rental rates) is an argument that the real estate industry machine has been hammering consumers with since the market crashed.  Their sales pitch has fallen flat.

There needs to be a new message and a new zoning that will allow the suburbs to compete for buyers…and tax dollars.

It is foolish to believe that things will go back to where it once was. To do that you would have to totally ignore a dramatic shift in the demographics of who today’s buyers are, and believe that their views haven’t changed AT ALL regarding life, and possession, and risk on investments

With the exception of 3+ years of unprecedented sales activity, the Bergen County housing market is fine (with the exception of a decrease in the value of our homes).  Sales are steady, as are prices.

As all indicators point to, an increase in home sales is highly unlikely anytime soon.

To be continued…


The 2 most expensive listings in Alpine disappeared. What happened!

Something interesting is happening with the two most expensive listings in Alpine…and I don’t think they were sold!

A few weeks ago The Stone Mansion which was for sale at $56 million was suddenly taken off the market.  I heard rumors that someone was buying this super ultra mega luxury home.  But then the rumor-mill dried up.  And it’s still off the market.

And now i just noticed that the original Frick estate home, and all it’s acreage was suddenly taken off the market.  But that home was only listed at a mere $29 million.  So what happened?

If you have any ideas what is going on here behind the scenes…even if it’s a rumor (though we prefer facts), then let us know.

We are mega curious!


The scariest walk ever

A typical Friday night walk….for Nik Wallenda

But it also depicts how a lot people feel when they consider buying a house,

It’s a a tightrope walk with risk.

Photo by Associated Press


An in depth look at Tenafly home sales data

Here’s an incredibly in depth look into the sales data for homes sold in Tenafly since 2001.

In order to make some sense of the housing market you need to analyze not just the present, but more importantly the past sales trends.

Tenafly home sales data 2001-2011

This chart provides 11 years of sales data…from the highs to the lows and everything in between.

What we see here is quite different than what you think to be true:

  • the market in tenafly didn’t crash in 2008 as everyone thinks it did….
  • the market below $500k crashed in 2004…but it has really been within a normal range since then
  • from $500-999k I look at as having never crashed, but we had 3 insane, not normal years between 2003-2005…and since 2006 this price point has been incredibly stable
  • and for all the price points over $1 million that market rose because prices rose, and because people started buying more expensive homes, simply because of increasing values.  But that market was up and down just aw anyone should have expected it to perform

My next blog post will break down this chart in more detail, so you can see all the nuances of each price point.

From my vantage point the facts point to a stabilized market in Tenafly since the “crash” of 2008:

  • incredibly strong sales at the lower price ranges
  • and a stable…and a bit bumpy ride for homes priced above $1 million

A 2-5 home swing in any direction in any of these price ranges is typical in any market condition.

If you’re looking to buy a home or to sell one, this is the vital information that you need to be aware of.  This is how you need to analyze the market, so that you make your decisions based on facts, not fiction. The better you understand the market, the more sound and safer your decisions and risks will become.

Let me know if you have any questions or concerns


Jenna’s Rainbow Foundation

Last Sunday Jenna’s Rainbow Foundation held its annual charity event for children and families battling brain and spinal cord tumors.

This event was in honor of Jenna Kamil who lost her life to a brain tumor in 1999 at the age of seven.

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The world was made a better place because of Jenna.  And with grace and goodwill towards others, her Mother, Father, Brother and the Tenafly community honor her memory, by helping others in need.

It was a great event held at the Tenafly Middle School.

And it was a beautiful day to remember a beautiful little girl.

Click here for more information about Jenna’s Rainbow Foundation


Eddie Murphy’s Englewood mansion is finally under contract

Eddie Murphy’s Englewood mansion took 7+ years to finally sell…58% price cut from the original list.

Eddie Murphy’s mansion in Englewood NJ

Shows that star power doesn’t inflate the price of suburban homes.

P Diddy…did you hear that?