Valuation Solutions: Tax Appeal

Market Statistics for Rochelle Park, New Jersey

For the period October 1, 2008 through September 30, 2009, the NJ MLS reported total sales of (38) single family dwellings in Rochelle Park , Bergen County,  NJ the median selling price was $328,600 average DOM was 99 days and SP/LP was 89%

For the period October 1, 2007 through September 30, 2008 the NJ MLS reported total sales of (41) single family dwellings in Rochelle Park.  The median selling price was $360,000, average DOM was 93 days and SP/LP was 90%

Based upon these statistics, it appears that there has been a price decline of approximately 8.9% in the median sales price.  Obviously, the data presented above are impacted by the product mix.

Please note that the dates listed above are intended to be similar to the dates used for assessment purposes.

We at Valuation Solutions consider these data when working on tax appeal appraisals or other appraisals. Rochelle Park has undergone revaluation recently for 2010.