Montclair Property Taxes to come DOWN!

One of the biggest knocks on Montclair real estate has been the high property taxes. Montclair is full of beautiful Victorian and Colonial homes with some phenomenal downtown districts, but the taxes are too damn high!! Well, not for long…at least for most. All Montclair property owners can expect their tax assessment to change following [...]

Montclair NJ Real Estate Report | March 2011

A very slow month in sales volume for Montclair.  March sales are likely indicative of the December / January weather that kept many potential buyers indoors.  Record cold and tons of snow dampened the housing market.  So there is no way to sugarcoat it, Montclair simply had a terrible month in March! Spring buying season [...]

Northern NJ Home Prices Dropping?

A new article is being sensationalized by the media suggesting that shadow inventory is high.  This is valid.  There are a lot of 90+ day delinquent home mortgages out there.  FYI, shadow inventory includes homes that are more than 90 days delinquent on the mortgage, are in the foreclosure process or are already bank owned.  [...]

Ridgewood NJ Real Estate | October 2010 Sales & Inventory Report

Ridgewood NJ real estate has maintained its fight through the recession.  The housing market has been anything but disappointing.  Just some quick facts: Ridgewood NJ median home values are about 13.6% higher in 2010 as they were in 2009. Ridgewood NJ average sales price is up 5.2% in 2010 versus 2009. Total Sales Volume in [...]

NJ Multi-Family Bargain of the week| Income Property

November 4, 2010 Multi-Family Income Investment Opportunity of the Week: Our deal of the week lands in Morristown, NJ.  This is a 5-Family home with a walking distance location to “The Green” and the downtown sector.  The rent roll is solid and income is very good for investor oriented buyers.  Here are some numbers on the building.  [...]

Ridgewood NJ Real Estate Report | September 2010

Ridgewood NJ real estate activity is exceeding expectations.  It looks like Ridgewood home prices bottomed out during the middle part of 2009.  Currently, you can get more house for your money than you could just over a year ago, which is one of the reason more and more people are looking to buy in Ridgewood.  [...]

Rutherford NJ AUGUST 2010 Real Estate Report

Another typical month for Rutherford NJ Real Estate.  Inventory continues to sit at a standstill, however this is not a terrible thing.  Although we would like to see inventory levels in the 6 month range, the average price of a home sold in 2010 has exceeded that in 2009.  Sales volume is lagging, however.  This [...]

Franklin Lakes NJ AUGUST 2010 Real Estate Report

Everyone loves Franklin Lakes.  Jersey Housewives, great schools, unbelievable appeal, etc.  The housing market is still looking for its equilibrium but I have to admit, there are some killer deals out there today.  This is the first time in my career I have seen an inventory of beautiful colonial homes with at least 3 bedrooms [...]

Nutley NJ August 2010 Real Estate Report

There are a few things that remain to be seen in the Nutley NJ real estate market.  First, inventory is high and sales aren’t doing anything to really bring that inventory number down.  It is truely a buyers market out there unless you sellers really look at the availability out there and price aggressively.  The [...]

Glen Ridge NJ August Real Estate Report | Sales | Inventory

Glen Ridge has, to nobody’s surprise, performed well throughout the housing market slump.  Biggest reason?  There are a few, but the nationally reknown school system helps in addition to the convenience of public transportation to NYC.  A nice sign for Glen Ridge is that sellers, in August, achieved sales prices of 100.7% on average.  More [...]

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