What has happened to real estate sales in Interlaken NJ. To say that the sales have slowed down is being kind. So far in Interlaken this year we have seen some big price reductions on the listed inventory. If you wanted to own a home in Interlaken and thought that it was out of your price range, it may now be right in your price range.
The home on the market at 731 Bendermere Avenue is listed for $378,100 this home had sold in September of 2005 for $582,500 this asking price is 36% less then the house sold for in 2005. Another example is 712 Grassmere Avenue that had sold in 2004 for $480,000, it was a little handyman house. A builder bought it knocked most of it down and built a 5000 square foot home on the property and that is on the market for $699,900 after being reduced and reduced and reduced. This home started with a list price of $1,699,000. So now it is a million dollars less then it was originally listed at. There are some hard realities in this information, but facts are facts. Another case in point is the cute little Tudor over on 715 Bendermere Avenue. That home is now listed at $599,900 the current owner bought it in October 2005 for $645,000 and put in a new kitchen added a 2 car garage and fixed many mechanical problems with the home. All that work and he is now offering his house for less then he paid after being on the market for close to a year and a half.
As of 2/3/2010 there are eleven homes on the market. The inventory changes day to day, what isn’t changing is the length of time these homes are taking to sell. The homeowners that need to make a move will end up adjusting their price until it is priced where a consumer says okay, I think I will take that one. It is a very difficult market for seller’s, but if you have been longing to move into this little town, this may be your chance.
