Blog, NJ Suburbs, Passaic
Clifton NJ Real Estate | Search MLS/IDX Homes for sale
January 13, 2009 by admin · Leave a Comment
New Jersey Real Estate Guys assists real estate buyer, sellers, and investors in Clifton, NJ. When choosing to buy or sell a home, please contact us for an in-home, office, or phone consultation. Clifton real estate is one of our primary markets.
Clifton is a larger medium-sized city located in the state of New Jersey. With a population of around 80,000 people, Clifton is the 9th largest community in New Jersey.
Be sure to visit our exclusive Clifton NJ MLS/IDX search to view all homes for sale in Clifton. Please specify at the top of the search that you are requesting information from the GARDEN STATE MLS.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Clifton is neither predominently one or the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Clifton is a city of sales and office workers, professionals, and managers. There are especially a lot of people living in Clifton who work in office and administrative support jobs (20.06%), sales jobs (10.81%), and management occupations (7.90%).
Clifton offers a mixed variety of condos, townhouses, a good number of multi-family homes, and single family homes. All housing zoning is segregated in its own areas, which protects the value of real estate. This means you will not have a row of multi-family homes with a single family home smack dab in the middle of it.
The real estate market has clearly declined in Clifton since early 2007 a nice sign that there is a correction in home prices, creating affordability to the areas always known as a great “starter home” area.
From January of 2007 to January of 2008, the average “value” of homes in Clifton declined from $434,489 to $406,104. From February of 2008 to current date of this post, values declined from $406,104 to $315,309.
Due to current mortgage rates and market confidence, the Clifton market has stagnated and we believe that Clifton is currently at bottom. Prices should remain stagnant without significant further declines until mid 2009 where prices should begin a slow crawl toward positive equity by the end of the year.
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