Simply calling this home a beautiful, classic colonial is like saying The Waldorf is merely a place to sleep in Manhattan!

This home & its surroundings must be experienced! It’s everything one would imagine of the best in suburban living. Surrounded by many acres of green lands, a stone’s throw to a ball-field, a short distance to excellent schools & 2 golf courses… This is truly a find nestled in Bergen County’s Northern Valley.

Add to this very spacious home a large, secluded yard with a  20X40 built-in pool for fun & serenity. This pristine home has been lovingly & meticulously cared for by its original owners.

It’s like a country retreat within an easy commuting distance to New York City.

Click to see > floor plans for the entire home, lots of photos, a virtual tour &  full-motion video! This beautiful home is priced at $899,000.

Schedule a showing for 35 Grant Street, Haworth, NJ today!

Brian Morgenweck, Broker/Owner

POWER Realty Group

(201)489-3020

Haworth, NJ Home for Sale – A Pristine Center Hall Colonial

Bergen County NJ Real Estate – March 2012 Single-Family Reviews By Town

Here are the Bergen County real estate market reviews for March 2012. In-depth market reviews are a valuable source of information for potential buyers & sellers, as well as anyone who may be interested in current data for their local real estate markets. Each town link below includes a look back at a January & February review & a 2011 year in review for each town, as well.

Click on the blue links for the markets you’d like to see. If you don’t see a link for your town or one you’re interested in, just email or call me… It’s that easy!

TEANECK NJ REAL ESTATE REVIEW – March 2012

ENGLEWOOD NJ REAL ESTATE REVIEW – March 2012

HACKENSACK NJ REAL ESTATE REVIEW – March 2012

CRESSKILL NJ REAL ESTATE REVIEW – March 2012

HAWORTH NJ REAL ESTATE REVIEW – March 2012

TENAFLY NEW JERSEY REAL ESTATE REVIEW – March 2012

NEW MILFORD NJ REAL ESTATE REVIEW – March 2012

RIVER EDGE NJ REAL ESTATE REVIEW – March 2012

FORT LEE NJ Real Estate Review – 1st Quarter 2012

LEONIA NJ REAL ESTATE REVIEW – March 2012

DUMONT NJ REAL ESTATE REVIEW – March 2012

BERGENFIELD NJ REAL ESTATE REVIEW – March 2012

RIDGEFIELD PARK NJ REAL ESTATE REVIEW – March 2012

RIDGEFIELD NJ Real Estate Review – 1st Quarter 2012

BOGOTA NJ REAL ESTATE REVIEW – March 2012

HASBROUCK HEIGHTS NJ REAL ESTATE REVIEW – March 2012

MAYWOOD NJ REAL ESTATE REVIEW – March 2012

ORADELL NJ REAL ESTATE REVIEW – March 2012

PARAMUS NJ REAL ESTATE REVIEW – March 2012

To see all current market reports for Bergen County’s condo & townhouse markets, click…

Bergen County NJ Real Estate – March 2012 Condo Reviews By Town

I’m Brian Morgenweck, Broker/Owner of Power Realty Group. I hope you find these market reviews helpful & interesting.

If you have any questions on how all the data applies to you & your specific real estate goals, just call or email me. I’m here to help.

Remember, Information leads to knowledge and knowledge creates POWER!

(201) 489-3020

COMMERCIAL REAL ESTATE FOR SALE IN FORT LEE, NJ

BUSY HIGHWAY OPPORTUNITY IN FORT LEE! THE CURRENT BUILDING IS MIXED RESIDENTIAL & COMMERCIAL. MANY THOUSANDS OF CARS PASS BY ALL DAY, EVERY DAY! IT’S A 3 BEDROOM HOME WITH A  COMMERCIAL BUILDING FRONTING ON ROUTE 46 EAST-BOUND, JUST BEFORE THE MAIN STREET EXIT.

CURRENTLY: DANTE’ INFERNO FOR DESIGN

@ 1670 US HIGHWAY 46 EAST

THERE ARE 2+ SHOWROOMS, WORKROOMS, OFFICE & PLENTY OF STORAGE THROUGHOUT. SELLER HAD THE PROPERTY MEASURED @ 4,174 SF ON APPROX 50 X 100 LOT.

THERE’S ALSO A CONTRACT WITH AN OUTDOOR ADVERTISING COMPANY IN PLACE FOR $15,000/YEAR INCOME FROM BILLBOARD ON BACK-SIDE OF BUILDING & A 2 BAY WORK-SHOP IN THE STRUCTURE TO THE REAR OF THE MAIN BUILDING!

MANY POSSIBLE USES FOR THIS UNIQUE HIGHWAY OPPORTUNITY VERY CLOSE TO THE GEORGE WASHINGTON BRIDGE MAKE IT VERY ATTRACTIVE! ZONING IS C-4A & C-5. THERE’S ALSO THE POSSIBILITY OF SELLER FINANCING.

THIS PRIME BERGEN COUNTY HIGHWAY PROPERTY IS LISTED @ $1,299,000.00

CALL BRIAN MORGENWECK,

BROKER/OWNER OF

POWER REALTY GROUP

FOR MORE INFO.

(201) 489-3020

FORT LEE NJ COMMERCIAL REAL ESTATE FOR SALE

Here are the Bergen County condo market reviews for March 2012. In-depth market reviews are a valuable source of information for potential buyers & sellers, as well as owners who are interested in current data for their local real estate markets.

Click on the blue links for the markets you’d like to see. If you don’t see a link for your town or one you’re interested in, just email or call me… It’s that easy!

EDGEWATER NJ Condo Review

CLIFFSIDE PARK NJ Condo Review

FORT LEE NJ Condo Review

ENGLEWOOD NJ Condo Review

TENAFLY NJ Condo Review

HACKENSACK NJ Condo Review

RAMSEY NJ Condo Review

MAHWAH NJ Condo Review

I’m Brian Morgenweck, Broker/Owner of Power Realty Group. I hope you find these market reviews helpful & interesting.  If you have any questions on how all the data applies to you & your specific real estate goals, just call or email me. I’m here to help.

Remember, Information leads to knowledge and knowledge creates power!

(201) 489-3020

Just 9 years young, The Westbury has everything on the “wish lists” of today’s Bergen County condo buyers. It’s a gated community in a tree-line, serene residential neighborhood.

The Westbury also has washers & dryers in the units, is pet-friendly (rare!), close to trains for a simple NYC commute, has indoor/outdoor parking (with plenty of visitor parking, too!), gas cook tops, central air & heat & so much more… all in a peaceful, well-manicured environment.

The only 2-bedroom, 2-bath unit available is a beautiful condo overlooking the manicured grounds of The Westbury. It’s a “Hampton” line corner unit.

Take advantage of one of the most opportune markets in our real estate history & own this well-appointed condo for only $265,000 & low maintenance fee!

The master bedroom en suite (with full, private bath & walk-in closet)…

The Westbury’s beautiful lobby…

Ample, secure parking for residents & guests, inside & out…

The peaceful surroundings of The Westbury

Call Brian Morgenweck today

to schedule your private

showing of this rare find at

The Westbury.

(201)489-3020

is a marketing product of

…Don’t miss this rare opportunity to own at The Westbury.

Here’s a list of market reports I’ve compiled that summarize all the important data from January & February of 2012. In-depth market reviews are an invaluable source of information for potential buyers & sellers, as well as homeowners who are interested in digging a bit deeper into the current data for their local markets.

Just click on the blue links for the towns you’d like to see. If you don’t see a link for your town or a market you’re interested in, just email or call me… It’s that easy!

CRESSKILL NJ Real Estate Review

TENAFLY NJ Real Estate Review

DUMONT NJ Real Estate Review

ENGLEWOOD NJ Real Estate Review

LEONIA NJ Real Estate Review

TEANECK NJ Real Estate Review

RIDGEFIELD PARK NJ Real Estate Review

BOGOTA NJ Real Estate Review

HACKENSACK NJ Real Estate Review

HASBROUCK HEIGHTS NJ Real Estate Review

BERGENFIELD NJ Real Estate Review

RIVER EDGE NJ Real Estate Review

NEW MILFORD NJ Real Estate Review

MAYWOOD NJ Real Estate Review

ORADELL NJ Real Estate Review

HAWORTH NJ Real Estate Review

PARAMUS NJ Real Estate Review

ENGLEWOOD CLIFFS NJ Real Estate Review

Click the link for reports in the Bergen County CONDO & TOWNHOUSE category.

I’m Brian Morgenweck, Broker/Owner of Power Realty Group. I hope you find these market reviews helpful & interesting.  If you have any questions on how all the data applies to you & your specific real estate goals, just call or email me. I’m here to help.

Remember, Information leads to knowledge and knowledge creates power!

All the best,

Brian

(201) 489-3020

Here’s a list of condo market reports I’ve compiled that summarize all the important data from January & February. In-depth market reviews are an invaluable source of information for potential buyers & sellers, as well as owners who are interested in digging a bit deeper into the current data for their local real estate markets.

Just click on the blue links for the markets you’d like to see. If you don’t see a link for your town or one you’re interested in, just email or call me… It’s that easy!

EDGEWATER NJ Condo Review

CLIFFSIDE PARK NJ Condo Review

FORT LEE NJ Condo Review

ENGLEWOOD NJ Condo Review

TENAFLY NJ Condo Review

HACKENSACK NJ Condo Review

RAMSEY NJ Condo Review

MAHWAH NJ Condo Review

Click the link for reports in the Bergen County SINGLE-FAMILY category.

I’m Brian Morgenweck, Broker/Owner of Power Realty Group. I hope you find these market reviews helpful & interesting.  If you have any questions on how all the data applies to you & your specific real estate goals, just call or email me. I’m here to help.

Remember, Information leads to knowledge and knowledge creates power!

All the best,

Brian

(201) 489-3020

We really appreciate it…

Remember when you called seven or eight months ago and we spoke for a bit?

You said you wanted to list your condo for $425,000, even though I told you that was around 18% over where the market was at that time. It would really have topped out around $350,000…

You insisted that someone would pay that price, since it was, after all, a  “sub-penthouse unit”.

I tried to explain about a buyer’s lender having to have the condo appraised and put a market-based value on it so they’d know exactly how much they’d lend…

Remember I also said that, it’s a 4th floor unit in a 5-story midrise, so calling it a “sub-penthouse” probably wouldn’t fool or impress all that many buyers into adding $75K to the price?

You also thought I should list your condo for a lot less than what I normally charge… You said that all agents & brokers are the same…

Remember, I tried to explain to you that you should do your homework before you sign a listing agreement with anyone and understand exactly what they’d do to market your property and earn their possible paycheck?

Remember I told you that you needed someone who knew how to maximize exposure for your condo and have it really stand out in this market to attract a qualified buyer?

Remember how I stressed the importance of proper pricing & offering a competitive commission to buyers’ agents and…..

Remember you thought that none of that was all that important? You just wanted to list it high and not pay much of a commission?

Remember, I told you that you’d probably be better off talking with someone else & having them list your condo, since I don’t overprice my listings, insult buyers’ agents, compromise my integrity or reputation, or put my clients in harm’s way?

Great! So you do remember me…

It’s funny. Just a couple weeks ago, your neighbor called me. Yes, the nice woman from two doors down in #415… We met & had a nice conversation and she really “got it”.

Sure, she understood the obvious stuff, but really was excited to learn about how a lot of the things she’d never have thought of made so much sense, as well. And the technology stuff blew her mind!

She knew about your condo and was very concerned about a unit in the building being on the market for seven or eight months with no action. I explained to her that she really didn’t need to worry since yours was never really “on the market” at all. In fact, it was nowhere near “the market”.

I hope you don’t mind…we kidded a bit at your expense, saying that DOM really didn’t mean “Days-On-Market” in your case. It was more like “Dreaming-Of-Moving”! Your neighbor even surprised me when she said you probably wouldn’t have to worry about paying ANY commission. Who knew she was SO funny?!

Oh, how we laughed!!! But, I’m getting off the subject…

Long story short, when I showed her the reality of all the comparable condos that were “on the market” and recently sold, we agreed it should probably sell for about $340,000. (By the way, that’s right around the value of yours now. It’s basically the same unit, square footage, floor plan, etc…)

Well, we listed it pretty aggressively at $345,000. We put it “on the market” with a competitive co-broke commission to buyers’ agents to keep them interested as well…since there are so many units listed out there and buyers’ agents are an important piece of the pie, so to speak!

Wouldn’t you know it, in just two days, we accepted a strong offer within inches of our full asking price with great terms! Turns out, the appraiser put the same # on the unit we’d agreed to with the buyer!

I just wanted to let you & your agent know…Oh, it’s the second agent now?! Hmmm…

Well, anyway, your “sub-penthouse” had a surge of showings last week at it’s current price and it actually helped to sell your neighbor’s “4th floor” unit two doors down. Just in case you were wondering where all the business cards came from… We have the same ones.

My client & I were laughing about something or other a few days back & after a while, she mentioned she’d seen you in the elevator a few times and you always seemed grumpy. I hope everything is alright.

Anyway, you should really stop by #415 & say goodbye…She’s moving out tomorrow, you know.

Again…

Thanks for overpricing your condo. It helped me sell your neighbor’s in less than a week!

(Feel free to substitute the words, “House”, “Home”, or “Townhome” in the above narrative…as this scenario transpires in all categories!)

“When opportunity knocks, answer the door.”

I’m sure most folks have heard that saying. Well, with regard to the glaring opportunity in the current real estate market, it’s been knocking for a while now!

Here are the facts:

Real estate values are LOW. Unless you’ve been living under a very large, extremely heavy rock, this is no revelation, I’m sure.

Interest rates are historically LOW… aka money is CHEAP.

Due to the the ongoing distressed property/foreclosure debacle, there are many more people in the tenant pool causing more demand for rental properties. And, you guessed it… Rents are on the RISE.

What’s that sound? It sounds like opportunity knocking, no?

If these factors don’t seem like obvious signs of a quality investment scenario & you’re still on the fence, consider the following. According to New Jersey MLS data, 45% of all sales in the condo category for all of Bergen County between July 1, 2011 & February 16, 2012 were all-CASH transactions. For the same period in the 2-to-4 family category, cash purchases accounted for 25% of all closings.

This is a sign that there is a lot of investment money buying these properties, no? These are the folks who know the perfect storm when they see it starting to churn the seas, so to speak… and they jump into the market.

Further, I’m compiling a report on real estate inventory in the single family & condo categories in Bergen County. What I’ve found is that inventory levels have dropped significantly in most towns (this week vs. the same time last year) and average listing prices haven’t been effected anywhere near as much as inventory levels.

A tighter supply makes me think values may begin a turn-around pretty soon, if they haven’t in many areas, already. The point is, we don’t know how long this perfect storm will hang around. But, it’s here right now. So, again… opportunity is knocking… answer the door!

I’m Brian Morgenweck, broker/owner

of Power Realty Group in Bergen County.

Connect with me anytime. (201) 489-3020

I’m here to help.

Click to search all Bergen County Homes & Condos for Sale

I could go on & on about myself & my qualifications in this space. But, in my opinion…

It’s NOT about me! (That’s a bit different from what you’re used to hearing from real estate folks, I know.) It’s all about helping my clients & customers reach their real estate goals.

Sure, I really enjoy getting to know the folks I work with & represent. But, as much as I love that aspect, I take my business & my clients’ & customers’ goals very seriously. So, it’s about getting results…the best results for you, in the shortest time possible with no stress along the way.

I’m the guy who’s always advising people to “Do your homework” before hiring an agent or broker to represent you in handling the marketing & transaction of what is most likely your largest asset… or your largest purchase.

To that end, here are a few of my videos to help you get to know me & what I do a bit more. I hope you enjoy them and you find the information valuable & pertinent. I look forward to meeting you & helping you get to where you want to be… Connect with me anytime. (201) 489-3020. You can also Google my name to find a lot of my work & web properties, catch me on Facebook, connect on Twitter @BrianMorgenweck or send up a smoke signal, if you’d like!

If you have any real estate questions or suggestions for video topics you’d like covered, I’d love to hear from you!

Online Real Estate Marketing: It’s Here & It’s NOW!

What’s Most Important to Today’s Sellers

Pearls Of Wisdom For Home Sellers – Introduction (Get the free presentation!)

A Few Important Questions For Buyers

A Few Important Questions For Sellers

Call me today! (201) 489-3020

According to 2011 data for Bergen County homes & Bergen County condos, a total of 5,492 listings expired unsold in the last year. (If we consider withdrawn listings & failed contracts, that # more than doubles!)

So, What’s The Big Problem?

Well, a mountain of expired, withdrawn, or “imbalanced” listed properties screams one thing, loud & clear. Most unfortunately, so many would-be sellers have lost time, lost money, missed opportunities and yes, some have had far worse results!

Would you like to know the best kept secret in real estate? …Do you want to know how to avoid becoming an expired listing statistic?

Just call or email me today. I’ll send you your password to access the free, zero-obligation… “Pearls Of Wisdom For Home Sellers” video presentation. It will enlighten you, answer many of your questions, and get you on your way to realizing your real estate goals.

Click the related links below & see my guarantee!

Was Your Bergen County Home Listed & It Expired Unsold?

Was Your Bergen County Condo Listed & It Expired Unsold?

I’m Brian Morgenweck, Broker/Owner of

Power Realty Group in Bergen County.

I’m here to help.

Call today! (201) 489-3020

Here’s a list of condo market reports I’ve compiled that summarize all the important data from 2011. In-depth market reviews are an invaluable source of information for potential buyers & sellers, as well as owners who are interested in digging a bit deeper into the current data for their respective markets.

Many Bergen County towns are analyzed, as you’ll see below. Just click on the blue links for the markets you’d like to see. If you don’t see a link for your town or one you’re interested in, just email or call me & I’ll send your town’s report to you… It’s that easy!

EDGEWATER NJ Condo Review

CLIFFSIDE PARK NJ Condo Review

FORT LEE NJ Condo Review

ENGLEWOOD NJ Condo Review

TENAFLY NJ Condo Review

HACKENSACK NJ Condo Review

RAMSEY NJ Condo Review

MAHWAH NJ Condo Review

Click the link for reports in the Bergen County SINGLE-FAMILY category.

I hope you find these market reviews helpful & interesting.  If you have any questions on how all the data applies to you & your specific real estate goals, just call or email me. I’m here to help.

Remember, Information leads to knowledge and knowledge creates power!

All the best to you,

Brian Morgenweck

(201) 489-3020

Here’s a list of market reports I’ve compiled that summarize all the important data from 2011. In-depth market reviews are an invaluable source of information for potential buyers & sellers, as well as homeowners who are interested in digging a bit deeper into the current data for their respective markets.

Many Bergen County towns are analyzed, as you’ll see below. Just click on the blue links for the towns you’d like to see. If you don’t see a link for your town or a market you’re interested in, just email or call me & I’ll send your town’s report to you… It’s that easy!

CRESSKILL NJ Real Estate Review

TENAFLY NJ Real Estate Review

DUMONT NJ Real Estate Review

ENGLEWOOD NJ Real Estate Review

LEONIA NJ Real Estate Review

TEANECK NJ Real Estate Review

RIDGEFIELD PARK NJ Real Estate Review

BOGOTA NJ Real Estate Review

HACKENSACK NJ Real Estate Review

HASBROUCK HEIGHTS NJ Real Estate Review

BERGENFIELD NJ Real Estate Review

RIVER EDGE NJ Real Estate Review

NEW MILFORD NJ Real Estate Review

MAYWOOD NJ Real Estate Review

ORADELL NJ Real Estate Review

PARAMUS NJ Real Estate Review

Click the link for reports in the Bergen County CONDO & TOWNHOUSE category.

I hope you find these market reviews helpful & interesting.  If you have any questions on how all the data applies to you & your specific real estate goals, just call or email me. I’m here to help.

Remember, Information leads to knowledge and knowledge creates power!

All the best to you,

Brian Morgenweck

(201) 489-3020

While it’s certainly a novel idea, it could easily take on epic proportions! Emotions & real estate transactions could rival Tolstoy’s War & Peace, Rand’s Atlas Shrugged or (take your pick of) religious scripture in word count, or pertinence to those interested in the topic. I could only wish it would be as engaging.

So, here’s my idea. I’ll make a little saga out of taking small bites at the bohemoth. As the old quandary goes, “How do you eat an elephant?”… “One bite at a time.” We’ll just throw a saddle over it & see where it takes us!

The first bite: Where’s The Market?

Everyone’s heard / spoken / asked / answered what’s probably the most common (& pertinent) question in all of Real Estate Land, “How’s the market?”.  Let’s chew on the Where for a moment.

On a more macro level (where macro is limited to a town, specific section of town, targeted subdivision…), the market is defined by properties that most resemble a subject in location, size, condition, amenities, etc.. We then look at properties that have most recently sold , are under contract, or available & looking for buyers (in that order) to establish what’s called comparables or “comps”. Comps are used to compare a subject property to others of like-kind (or close to it) & establish a dollar value range for a seller’s asking price or a buyer’s purchase offer. Enter emotions into the real estate transaction mix!

Generally, SELLERS have a pretty deep emotional attachment to their HOME & all they’ve experienced in it…family events, holidays, raising children, relationships with neighbors, epic, epic, epic… While they mean the world to a seller, none of these emotional aspects are really quantifiable in terms of a dollar amount, or market value. Sellers tend to cherish their homes and usually don’t see their real estate transaction as plainly as selling a house.

Conversely, BUYERS have a pretty heightened emotional attachment to their MONEY & all they’ve experienced in their struggles to acquire it! This emotional attachment means the world to buyers, but again, is not very germane when (market) valuating a piece of real estate. In turn, buyers view the same transaction as spending their hard-earned money on a house, the “home“ aspect to be established later & having nothing to do with the current seller… and so, pretty much void of emotional value. (Again, generally & at least, initially! hmmm…There’s a couple more post topics for this series right there!)

So, WHERE’S THE MARKET?!

The reality is the market is where there is a meeting of the minds between a buyer & a seller for a specific property. This is closely related to factual data & recent quality information, which is probably why it’s not called a meeting of the hearts!

The market for a specific property happens at some reasonable point between a buyer & a seller, once emotions are at bay & factual data is analyzed & understood. Generally, this point is somewhere a bit south of a dollar amount a seller would be perfectly willing to accept for their home… and a bit north of a cost at which a buyer would gleefully part with his/her money for a house.

How can a seller or buyer avoid the myriad of emotional walls & road blocks in a real estate transaction? Hire a professional who effectively deals with many would-be powder kegs every day & keeps things focused & moving forward to help them reach their goal of selling or buying.

So, there you have it. Part I in the Emotions & The Real Estate Transaction series (?).

I hope you liked this mini-epic 687 word post & I invite your comments & opinions! …w/o getting all emotional, of course.

Of course, aggregate information such as this is interesting. But, if you’re looking for data that is more local, say by town or a bit more hyper-local, just call or email me. I analyze real estate market data for many towns in Bergen County & would be happy to send you a free report for your specific area. Current, local data is valuable information for buyers & sellers, as well as owners simply interested in taking a detailed look at their local market.

Bergen County Condo & Townhouse 2011 Aggregate Statistics

The overall Liquidity for the Bergen County condo market is 39.5% (using the 12-month period). Simply stated, this is the likelihood of success for a condo to get to “sold“  when priced at or near market value. For a detailed explanation of Liquidity, <– just click on the link.

The Absorption Rate for the Bergen County single-family market is 98.83. This helps calculate the time it would take for the current active inventory of homes to sell out completely. Currently, that would be 11.5 months of inventory. Click the link for a detailed explanation of Absorption Rate.

Price Range Statistics for Homes SOLD

DOM = Days On Market (the # of days from listing to reported Under Contract)

Terms of Sale Statistics

Information herein deemed reliable but not guaranteed.  1/16/2012 5:09:17 PM Copyright: 2012 by New Jersey MLS, Inc. All data used in these analyses is from the New Jersey MLS. Private sales are not calculated in this market review.

I’m Brian Morgenweck, Broker/Owner of

Power Realty Group in Bergen County, NJ.

If you have any questions, I’m here to help.

Connect with me at (201) 489-3020.

Please visit JerseyHomeScene &

JerseyCondoScene & find out how to

list your Bergen County home or condo

with greater confidence… and get better results.

View detailed info on available Bergen County Condos for Sale & customize your search!

Click to see the Bergen County NJ Real Estate – 2011 Single-Family Review

Bergen County NJ Real Estate – 2011 Single-Family Review