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Tenafly Real Estate The Jewel In The Crown In Eastern Bergen County

While  Real Estate trends in various Bergen County towns vary, Tenafly seems to be holding its own with some impressive numbers to show for it.

 Demand for the Tenafly top school system coupled with the  proximity to Manhattan has  amplified owing to the fact that  after four years of recession many buyers feel the low prices may start inching up soon.  In addition,  a lot of the money that is parked in the banks  has no  solid avenues where to be invested. Lastly the present combination  of low interest rates, historically low property prices, great education  system and closeness to NYC  may not repeat  soon.
The manifestation of the above factors shows itself especially in the one Million dollar and higher price range,  a segment of the market that was stagnant  in recent years. The opening up of that segment of the market has a direct influence on the increase in average sold price.( see the graph below)

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