Blog, Essex, NJ Suburbs

Montclair NJ Real Estate | Relocation

 CLICK HERE for a full activity/inventory report on Montclair NJ real estate and homes for sale 

New Jersey Real Estate Guys assist all buyers, seller, and investors in residential and commercial real estate in Montclair, New Jersey.  Growing up in the area, attending college in Montclair, and knowing the market better than anyone, we can help you find a fantastic deal at an affordable price.

Those interested in residential real estate in Montclair, NJ and homes for sale will find many types and styles of homes for sale in Montclair, as well as community events of interest and local amenities unique to the Montclair area. Others may enjoy outdoor activities and family friendly atmosphere of Montclair, NJ.  CLICK HERE for Montclair’s demographic report and schools.

If you are considering buying or selling a home, planning to relocate, looking for Montclair homes for sale on the MLS, or looking for any other information about real estate in Montclair, and the surrounding areas, you have come to the right place.  Located only 15 miles from New York City, Montclair boasts one of the most convenient metropolitan markets in the NYC surrounding areas.  Commuters can enjoy convenience using NJ Transit Bus and Train system which has dozens of daily trips to get you anywhere in the entire state, but moreso the New York City area.

Single family homes in Montclair have also experienced value declinations, however not as dramatic as other parts of the country.  It is the opinion of New Jersey Real Estate Guys that Montclair has experienced the bottom of the market as prices have begun to stagnate.  A stagnation may be experienced for a few months however, we urge those looking or shopping for property to put their decision making into a higher gear.

From January 2007 to January 2008, the average value of single family homes declined from $711,747 to $644,813.  From January 2008 to November 2008, prices of homes declined from $644,813 to $554,911.  We do not anticipate a similar annual drop into next year 2010 which indicates a great time to buy.

Also currently with our most recent data, there are 83 existing homes, 0 New Homes, and 102 Foreclosures on the market in Montclair.  Foreclosures made up the majority of the homes for sale. This accounted for 102 real estate properties or 55% of the Montclair, NJ real estate market. The rest of the market comprised of resale homes and new homes totaling 83 and 83 houses respectively.  These numbers do not represent all homes, as not all homes are marketed the same.  The number of existing or resale homes is those found in most MLS’s.

Given recent events, foreclosures can also be good purchase opportunities given their reduced cost.  Click the following link to see your criteria of homes for sale in Montclair, NJ

Fast Facts for Montclair, NJ Real Estate

• Population                        37,581
• Population Growth          -3.6%
• Population                        5,980 (per square mile)
• Median Age                      39 Years
• Median Income               $89,472
• Cost of Living Index        140 (national average 100)
• Unemployment Rate      3.9% (under national average)
• Future Job Growth          11.5%

Popularity: 14% [?]