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Meet Team Eisenberg

Anat Eisenberg

Anat & Eran are the driving force behind Team Eisenberg - one of the most prolific teams in New Jersey real estate history.

Over the years, Team Eisenberg has sold over 600 properties with a worth of over half a Billion dollars. In Tenafly, where the Eisenbergs reside and raised their 3 children, they have sold close to $300 Million Dollars.

Eran and Anat have compiled some amazing sales statistics and an incredible amount of awards and accolades yet when you speak with them you realize that, for them, it is not about the numbers or the awards. They are still passionate about real estate and it shows every day…

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Bergen County Home Supply Lowest in Seven Years Just Before The Key Selling Season


Home Inventory Lowest in Seven Years

Home Inventory Lowest in Seven Years

The number of homes for sale in New Jersey  fell to a 7-year low in January,leaving would-be buyers chasing a shrinking supply of homes just before the spring selling season.

Unsold inventory in the state declined 18% to the levels of 2005  at the height of the housing bubble. The combination of rising demand and falling supply portends slim pickings for home shoppers during the season which kicks off in March and traditionally is the year’s busiest time for transactions

The current level of unsold inventory is 7.3 months of sales compare to 10.7 months of sales a year ago. We see that in select  East Bergen County towns there is a shortage in properties of under $1 Million and a relative abundance of unsold homes in the $1 Million and higher range.

More competition is good for home owners who saw their property values decline during the last six years. Coupled with the forecast of mortgage rates inching up will likely accelerate the trend toward market stabilization and modest price increases.

According to the Otteau report  the level of unsold inventory for properties priced

  • $400 to $1,000,000 is about 6.5 months of sales.
  • $1,000,000 to $2,500,000 the rate of sales is 11 months of sales
  • $2,500,000 and higher it is 18 months of sales 

Below is the current inventory ( as of 2/22/2013) of single family homes in select towns  showing the total and the number of homes priced $1 Million to $2 Million and, $2 Million and higher.

Town

 

Homes

 

$1-$2Million

 

$2Million+

Tenafly

 

61

 

21

 

12

Alpine

 

20

 

2

 

18

Closter

 

37

 

7

 

3

Cresskill

 

44

 

10

 

13

Demarest

 

30

 

9

 

4

Englewood

 

110

 

23

 

13

E Cliffs

 

34

 

18

 

16

Total

 

336

 

90

 

79

%

 

100%

 

27%

 

23%