During the recent recession, Saddle River was hit particularly hard. As a luxury market, Saddle River saw few buyers when the economy was at its low point. As a result, the average sales price dropped 26% from 2008 to 2011.
However the recovery is now well under way. The number of homes/townhomes on the market dropped 23% in 2013 while the median sales price has rebounded. The number of sales increased 15% in 2013 while the time it takes to sell dropped by 32%.
For more information on real estate in Saddle River, please call Michael Shetler at 201-421-0506 (cell).
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