Bergen County Sales of Luxury Homes Are Up 14% Year to Date vs 2010

Bergen County Sales of Luxury Homes As Of 11/25/2011

 Sales of single family homes from $1.5 Million and higher totaled 155 homes vs 136 for the same period last year.  This represents an increase of 14% over last year. The table below shows the breakdown by price categories ( all data collected from the NJ MLS and is deemed reliable but not guaranteed)

<< Click The Photo to enlarge the graph.

It seems that a lot of money that was so far parked in the banks has  been released to take advantage of the historic low prices and interest rates.  While the sales of the $1.5 Million and up are higher than last year, the sales of up to $1Million are 3% lower ( in units) than  the same  period in 2010.