If Bergen County Can Do It... Can Other Towns in NJ Work Together with Non-Profits?
October 26, 2017 | John McLain
Bergen County is one of the wealthiest counties in the entire country. Municipalities and towns in this county helped secure this elite status by implementing exclusionary zoning practices, driving hard working families out. Thankfully, we are on the verge of seeing the actions taken by these 14 towns and reverse decades’ worth of illegal zoning practices.

The communities reached settlement agreements with advocates that will make affordable housing attainable for families and individuals that have previously been priced out through gentrification. These agreements will result in the construction of hundreds of new homes for seniors, people with disabilities and hard working families. They are joining more than 145 towns across the state who have signed fair-housing agreements to transition into an inclusive style of zoning and planning. There are still a few settlement talks with additional Bergen County municipalities and should be announced in the coming months.

A great example of how municipalities working and partnering with a nonprofit are Cresskill and Hillsdale. Numerous other municipalities, including Rochelle Park, Ho-Ho-Kus and Midland Park are working towards a significant amount of downtown redevelopment and growth. Once common goal is looking to be accomplished and that is amending their zoning to allow residences over retail shops in downtown areas and encouraging redevelopment. These changes will ultimately revitalize these communities, expand the fair housing and encourage business.

For example, a developed site can be transitioned into housing without affecting the community’s green spaces. Areas such as former office buildings, warehouses and business sites are filled with opportunity with potential profits, tax breaks for investors and tax rolls for the town.

BY TOWN: Cresskill Boro (1108)
MMM,YYYY Active Listings New Listings Under Contract Sold Listings  
  # Avg. LP Med. LP # Avg. LP Med. LP # Avg. LP Med. LP Avg.
DOM
# Avg. SP Med. SP Avg.
DOM
SP/LP SP/OLP
Oct,2017  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
Sep,2017  $2,159,975  $2,144,950  $3,725,000  $3,725,000  $0  $0  $0  $0  0%  0% 
Aug,2017  $1,638,300  $564,900  $2,182,450  $2,182,450  $0  $0  $450,000  $450,000  43  97%  97% 
Jul,2017  $550,000  $550,000  $0  $00  $0  $0  $0  $0  0%  0% 
Jun,2017  $507,500  $507,500  $0  $00  $465,000  $465,000  43  $0  $0  0%  0% 
May,2017  $507,500  $507,500  $465,000  $465,000  $0  $0  $0  $0  0%  0% 
Apr,2017  $550,000  $550,000  $0  $00  $0  $0  $0  $0  0%  0% 
Mar,2017  $550,000  $550,000  $550,000  $550,000  $0  $0  $0  $0  0%  0% 
Feb,2017  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
Jan,2017  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
Dec,2016  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
Nov,2016  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
 
Period 1:        $1,820,980    $465,000    43  $450,000    43  97%  97% 
 
Summary Period 1:        $1,820,980    $465,000    43  $450,000    43  97%  97% 


















 
 
BY TOWN: Hillsdale Boro (1127)
MMM,YYYY Active Listings New Listings Under Contract Sold Listings  
  # Avg. LP Med. LP # Avg. LP Med. LP # Avg. LP Med. LP Avg.
DOM
# Avg. SP Med. SP Avg.
DOM
SP/LP SP/OLP
Oct,2017  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
Sep,2017  $533,057  $524,900  $0  $00  $494,633  $524,900  125  $446,000  $446,000  32  104%  104% 
Aug,2017  11  $488,536  $489,000  $409,750  $414,500  $419,667  $430,000  18  $475,000  $475,000  87  98%  90% 
Jul,2017  $545,411  $524,900  $511,100  $497,200  $586,900  $586,900  20  $410,000  $410,000  13  101%  101% 
Jun,2017  $558,217  $566,500  $551,325  $536,400  $485,000  $485,000  87  $657,500  $657,500  214  95%  89% 
May,2017  $572,000  $572,000  $0  $00  $0  $0  $615,000  $615,000  100%  100% 
Apr,2017  $511,300  $485,000  $485,000  $485,000  $389,900  $389,900  12  $0  $0  0%  0% 
Mar,2017  $572,946  $607,000  $502,450  $502,450  $664,592  $615,000  145  $587,000  $587,000  15  102%  102% 
Feb,2017  $601,555  $599,000  $485,000  $485,000  $575,000  $575,000  15  $438,000  $466,000  74  97%  97% 
Jan,2017  $634,419  $629,000  $0  $00  $499,900  $499,900  49  $552,500  $552,500  75  96%  96% 
Dec,2016  $542,697  $497,450  $659,000  $659,000  $450,975  $486,950  71  $519,000  $524,000  58  98%  96% 
Nov,2016  12  $526,365  $495,000  $496,300  $495,000  $529,500  $529,500  85  $762,450  $762,450  165  100%  111% 
 
Period 1:        21  $499,833    21  $510,627    72  20  $535,795    80  98%  98% 
 
BY TOWN: Hohokus Boro (1128)
 
 
 
 
MMM,YYYY Active Listings New Listings Under Contract Sold Listings  
  # Avg. LP Med. LP # Avg. LP Med. LP # Avg. LP Med. LP Avg.
DOM
# Avg. SP Med. SP Avg.
DOM
SP/LP SP/OLP
Oct,2017  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
Sep,2017  11  $1,244,599  $1,099,000  $727,450  $727,450  $1,099,000  $1,099,000  163  $871,667  $900,000  65  101%  97% 
Aug,2017  12  $1,236,141  $1,099,500  $0  $00  $866,000  $969,000  65  $683,350  $683,350  11  99%  99% 
Jul,2017  13  $1,183,284  $1,099,000  $839,500  $839,500  $0  $0  $999,999  $999,999  861  87%  80% 
Jun,2017  13  $1,280,276  $1,099,000  $1,844,422  $1,599,450  $689,900  $689,900  11  $0  $0  0%  0% 
May,2017  12  $1,249,158  $1,087,000  $779,475  $779,000  $1,150,000  $1,150,000  861  $707,000  $707,000  33  101%  101% 
Apr,2017  $1,484,000  $1,124,500  $1,116,333  $1,099,000  $0  $0  $400,000  $400,000  202  84%  77% 
Mar,2017  $1,704,600  $1,150,000  $1,291,333  $1,075,000  $0  $0  $455,000  $455,000  18  114%  114% 
Feb,2017  $1,395,400  $1,150,000  $3,499,000  $3,499,000  $776,000  $699,000  47  $908,000  $908,000  77  97%  94% 
Jan,2017  $825,400  $699,000  $549,500  $549,500  $649,000  $649,000  64  $0  $0  0%  0% 
Dec,2016  $764,286  $649,000  $0  $00  $486,500  $486,500  112  $499,000  $499,000  22  100%  100% 
Nov,2016  $1,088,667  $849,000  $792,333  $649,000  $0  $0  $455,000  $455,000  17  93%  93% 
 
Period 1:        24  $1,159,479    12  $790,575    138  12  $719,196    126  98%  95% 
 
BY TOWN: Rochelle Park Twp. (1154)
MMM,YYYY Active Listings New Listings Under Contract Sold Listings  
  # Avg. LP Med. LP # Avg. LP Med. LP # Avg. LP Med. LP Avg.
DOM
# Avg. SP Med. SP Avg.
DOM
SP/LP SP/OLP
Oct,2017  $0  $0  $0  $00  $0  $0  $0  $0  0%  0% 
Sep,2017  17  $372,412  $379,900  $378,963  $399,450  $345,760  $339,000  27  $288,333  $280,000  58  101%  101% 
Aug,2017  10  $358,430  $344,000  $363,560  $339,000  $285,000  $285,000  24  $385,000  $385,000  27  96%  96% 
Jul,2017  $332,733  $317,000  $316,850  $272,500  $229,900  $229,900  16  $459,167  $450,000  125  97%  94% 
Jun,2017  $415,200  $399,000  $432,333  $449,000  $449,000  $449,000  22  $212,500  $212,500  177  97%  89% 
May,2017  $291,694  $300,000  $389,500  $389,500  $220,000  $220,000  177  $275,000  $275,000  10  106%  106% 
Apr,2017  $285,592  $220,000  $0  $00  $469,000  $469,000  337  $0  $0  0%  0% 
Mar,2017  $270,655  $237,500  $259,000  $259,000  $248,250  $248,250  13  $232,500  $232,500  16  98%  98% 
Feb,2017  $266,355  $237,500  $202,639  $202,639  $0  $0  $362,500  $362,500  38  99%  98% 
Jan,2017  $309,125  $273,750  $0  $00  $0  $0  $213,000  $213,000  40  96%  93% 
Dec,2016  $320,300  $310,000  $0  $00  $365,000  $365,000  38  $360,000  $360,000  127  96%  90% 
Nov,2016  $326,425  $324,950  $274,167  $237,500  $336,633  $339,900  97  $275,000  $275,000  97%  97% 
 
Period 1:        28  $345,703    18  $341,728    62  16  $315,375    65  98%  96% 
 
Summary Period 1:        52  $721,292    30  $521,267    92  28  $488,441    91  98%  96%

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