Buying a Home in NJ

Real Estate Sales Trends - Livingston NJ - 1st Qtr 2010...

Real Estate Trends in South Orange NJ - 2009 Year in Review Homes sold in 2009: 151 (vs. 175 in 2008) Avg list price: $574,858 (2.5% lower than in 2008, $589,653) Avg sale price in 2009: $530,707 (2008 sales price $571,405) DOM: 76 in 2009 (vs. 67 in 2008) LP:SP percentage: 95% (97% in 2008) Homes Currently for Sale in South Orange, New...

      In West Orange NJ during 2009, the average list price was $497,852 and the average sale price was $382,728 (down 8% from 2008).   There were 399 home sales in West Orange, which averaged 90 days on market (DOM) and had a final sales to list price ratio at 95% (down 2% from 2008).   Homes Currently for Sale in West Orange, New...

It was quite a year in real estate for Summit, NJ. Not surprisingly, the higher end homes took longer to sell while the most movement in home sales was found at the lower (well for Summit anyway) priced homes. Based on the records from the Garden State MLS, the average selling price in 2009 was $930,999 (just 4% off 2008 prices.) Buyers should be happy tho', as sales prices were at 98% of final listing...

Who is buying real estate along the Midtown Direct Communities? http://www.youtube.com/watch?v=Mw0S3vH0X7I First time home buyers have until April 30th to be Under Contract and then must close by June 30th. Are you ready? Want to learn more about the towns along the Midtown Direct Train line into NYC? Contact Perri K....

I am always asked: "What is so special about Livingston, NJ?" Plenty, first my husband grew up there and graduated from Livingston High School. His family still lives there as do many of my cousins. So, OK I may be partial! There are homes for sale at every price point... whether you want: single family homes,  town homes, upscale senior communities or in-town living. Livingston is ranked in the Top 20...

With the 2009 real estate slump, less homes were sold in Millburn/Short Hills than the previous year (223 vs. 260). However,  Millburn/Short Hills benefits from having the # 1 High School in New Jersey In addition, the town boasts strong cultural events with the Papermill Playhouse and Metropolitan Orchestra and of course premium shopping downtown and at The Short Hills Mall. That said, the average...

I think it is fair to say that most real estate buyers and sellers are glad that 2009 is behind us. In Maplewood, NJ (07040), home prices have fallen far less than the national average. The ease of commute to New York City on the Midtown Direct train line and wonderful downtown have kept housing prices in line. Based on figures released from the Garden State MLS, 232 homes sold in Maplewood, NJ in...

Real Estate is local. We all know that. But it is nice to see that Optimism is Back for 2010 Real Estate. I was recently at a Real Estate convention in NYC and here is what the "experts" had to say: Ha Ha, yes that's...

There is optimism in the air about the NJ real estate market for 2010 as reported in The New York Times by Antoinette Martin on January 10th. ..."SO is it over? The three-year period of unrelenting home price declines: has it stopped? And is it possible that sales prices will go the other way in 2010? ...€œEvery county has its own story, said Mr. Otteau, (market analyst, whose Otteau Valuation...

   Congratulations to all of the high schools along the Midtown Direct Trainline that were awarded top honors by US News & World Report Silver Medals went to: Chatham High School Madison High School Millburn High School New Providence High School Summit High School To view all of the New Jersey Honored High...

IT'S OFFICIAL!!!!.... THE TAX CREDIT HAS BEEN EXTENDED AND EXPANDED Well...almost...  (President Obama still has to sign it, which he will) Per Martin Straka, Mortgage Loan Officer with Bank of America:  On Thursday afternoon (11/5/090 the House of Representatives voted to pass the legislation extending the Tax Credit and Unemployment Benefits (HR 3548).Homebuyer Tax Credit:   H.R. 3548 extends the...

You only have three more months to take advantage of the 2009 Housing Tax Credit. Still Confused as to whether you qualify? There are still many opportunities to purchase an affordable home along the Midtown Direct Train line in New Jersey. If you want additional information about real estate in South Orange, Maplewood,Millburn/Short Hills, Summit, Chatham, Madison, Livingston or West Orange... Contact...

If you are looking for the perfect four bedroom home close to the South Orange Train Station€¦ you must visit 462 Redmond Road this Sunday! OPEN HOUSE JULY 19TH FROM 1P-4P For more information please contact Perri @ 973.650.4727 Also check out South Orange at a Glance to learn more about this wonderful...

There are a lot more homes on the market in Madison, NJ than last year... 22 more (90 vs 68)! But the good news is...22 homes are under contract at an average list price of $895,342. The even better news, is that homes are selling both under $600,000 and over $1,000,000+ 6   Under $500,000 5   $501,000-$600,000 2   $601,000-$700,000 2   $701,000-$900,000 2   $901,000-$999,999 5  ...

Are you thinking of buying a home in Maplewood, NJ? Now is a great time. There are currently 140 homes for sale in Maplewood, NJ with an average list price of $526,605. But what are the prices of the homes that are selling? Of the 35 homes that went under contract in the last 30 days, the average list price was $449,494. 4   Under $200,000 6   $201,000-$300,000 5   $301,000-$400,000 7  ...

The Livingston NJ Real Estate Market is Heating Up! Forty homes have gone Under Contract in the past month. The average list price of these homes is $611,694. Ten Homes are in Attorney Review with an average list price of $506,399. What does this mean for Livingston, NJ home buyers? With pretty much the same number of homes on the market as last year (158) and the average price of all homes on the market...

South Orange, NJ currently has 134 homes for sale at an average list price of $621,361. Homes have been on the market on average 98 days. So what priced homes are selling in South Orange, New Jersey? Twenty-Three homes went Under Contract in South Orange, New Jersey this past month. 3   Under $300,000 8   $301,000-$400,000 2   $401,000-$500,000 2   $501,000-$600,000 5   $601,000-$700,000 2  ...

At lunch yesterday after the Center Court Member Guest, I was asked How is the Millburn/Short Hills Real Estate Market?  Houses are moving after a sluggish early spring, especially if they are priced right! And, what priced houses are moving? In the past month, 35 homes have gone under contract at all different price points 5   Under $500,000 6   $501,000 to $750,000 4   $751,000 to $999,999 11...

If you are looking for a perfect three bedroom home near the Millburn Train Station... you must visit 30 Locust Ave. Be a part of the Number #1 School System in New Jersey. Move right into this wonderful side-hall Colonial in the Wyoming School District. Call Perri @ 973.650.4727 for more information or to preview this...

Another Great Home in Livingston, NJ With an Easy Commute into NYC OPEN HOUSE SUNDAY APRIL 17TH 1PM TO 4PM Just in time to take advantage of all that Livingston has to offer in the Summertime!!! Please join us on Sunday. If you have any questions about this wonderful home, please call Perri K. Feldman @ 973.650.4727. You can also visit 30GlendaleAve.com for additional pictures and...

If you want to have an easy commute to Manhattan on an Express Bus from Livingston, New Jersey... Look no further. OPEN HOUSE Sunday April 19, 2009 1pm-4pm 29 Briar Cliff Road Livingston, New Jersey Just in time for Mother's Day, the perfect home comes on the market in Livingston. Please join us on Sunday. If you have any questions about this wonderful home, please call Perri K. Feldman @...

South Orange is a Terrific Town for First Time Home Buyers. Danielle Elliot writes in  South Orange Patch  how desirable Midtown Direct Train communities are for NYC transplants. Perri Feldman, a realtor with the Summit-based Keller Williams, says the sluggish economy hasnt substantially slowed the trend. At least 80 percent of her clients are from the New York City area. These first-time buyers are...

In case you missed Sunday's New York Times Article A Market Going Downhill Fast, home buyers and sellers in New Jersey have a lot to think about. Overall, New Jersey home sale prices have declined by an average of 15 to 20 percent in every county in the past three and a half years based on contract sales data. However, towns along and adjacent to the Midtown Direct Train-line have actually seen average...

Rob Hahn, one of the smartest marketers and social media experts I know, wrote a piece on Blog Your War Stories: After a recent Lucky Strike Social Media Club dinner €” the very first one, as a matter of fact, in which the club was formed €” I had the pleasure of riding in a car with two realestistas.  Sarah Bandy (@sarahbandy) and Perri Feldman (@perrifeldman) are two NJ-based realtors who...

If you want to have an easy commute to Manhattan, Hoboken or Jersey City from Millburn via the Midtown Direct Train... Look no further.  OPEN HOUSE SUNDAY, FEBRUARY 8, 2009 1pm-4pm 30 LOCUST AVENUE MILLBURN, NEW JERSEY   Just in time for Valentine's Day, the perfect home comes on the market in Millburn...the #1 rated school district in New Jersey.  Please join us on Sunday.  If you have any...

I think I've died and gone to heaven. Montclair New Jersey is having its first ever Restaurant Week February 2-8, 2009. Book your reservations NOW!!! There are forty-two restaurants participating and all will be serving special, three course, pre fix dinners during this event. The details vary per each restaurant, so do call ahead. Participating Montclair Restaurants I don't think I need to cook all week...

Looking for a Wonderful Buy this Holiday Season? Don't Miss this LARGE, Sunny, Terrifically Priced Three Bedroom 2.5 Bath Townhouse in West Orange, New Jersey 240 Clarken Drive Desirable Crystal Woods Attractively priced at only $489,900, you can move right in and celebrate the New Year in style. Largest Chelsea unit in the complex Wonderful community with pool, tennis court & playground  To learn...

Commuting in 2009 to NYC, Hoboken or Jersey City via the Midtown Direct Train from South Orange, Maplewood, Millburn, Short Hills, Summit, Chatham, Madison, Glen Ridge or Montclair?  Or do you need to park at a Park and Ride in West Orange or Livingston? Below are the 2009 Parking Rates for Commuters: MIDTOWN DIRECT PARKING LOTS South Orange: (Approx. 5 year waiting list)      Village-NJ Transit...

Finally, some good news for New Jersey home buyers near the Midtown Direct Train line. In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% and near the lows for the year! If you...