Toll Brothers hasn't dropped prices in NJ. In fact, they have increased the prices from $500,000 to $800,000 in the last 3 years.. On the same models in the same towns...
Yes, but the fear-mongers have one development where the developer is in serious trouble and they making sweeping conclusions based on that. It is terrible what happened in this neighborhood and the impact on surrounding subdivisions, but this in no way represents the national picture.
But are they SELLING? I see prices dropping like a rock all over Bergen Cty.
3 years covers the big rise in prices everywhere. What's happened in the lasst 3 months?
MLS# 2273597 - East Orange, NJ
Previous Price $279,000
List Price $209,000 (Price Reduced 25.1%)
MLS# 2280783 - Jefferson, NJ
Previous Price $278,000
List Price $209,900 (Price Reduced 24.5%)
MLS# 2273449 - Glen Ridge, NJ
Previoius Price $499,000
List Price $389,900 (Price Reduced 20.1%)
MLS# 2216089 - Franklin, NJ
Original List Price $1,300,000
Previous Price $1,231,000
List Price $991,000 (Price Reduced 19.5%, 23.8% off OLP)
MLS# 2259487 - West Milford, NJ
Previous Price $197,000
List Price $159,900 (Price Reduced 18.8%)
MLS# 2271647 - Morris Twp, NJ
Previous Price $1,199,000
List Price $974,900 (Price Reduced 18.7%)
MLS# 2276318 - Millburn, NJ
Previous Price $4,500,000
List Price $3,725,000 (Price Reduced 17.2%)
MLS# 2268887 - Hoboken, NJ (Shipyard)
Previous Price $879,900
List Price $729,900 (Price Reduced 17%)