Archive for January, 2008
Summit New Jersey 2007 Home Sales
January 29th, 2008 Categories: Buying a Home in NJ, Recent New Jersey Home Sales, Summit Living
There was nothing average about Summit New Jersey Real Estate in 2007 based on the figures from the Garden State MLS:
In 2007, more homes were sold, at higher prices than the year before…but, it took a little longer:
Average Sale Price was up 11%
Number of Homes Listed was up 4%
Highest Price Home Sold was up by $2,000,000
What does this mean for buyers thinking of moving to Summit, New Jersey…now is the time to buy, with new lower interest rates on the horizon, 116 homes currently on the market, express trains to New York City on the Midtown Direct Line, a vibrant downtown, an excellent school system and homes retaining their value…you can’t lose.
To learn more about Summit, New Jersey and to search for Summit real estate visit Midtown Direct Homes
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Had to Share: Man Stroke Woman Estate Agent
January 29th, 2008 Categories: Just Because...
Kudos to sherbetbizarre in the UK for this wonderful YouTube video. Thank you for this gift of real estate humor.
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Madison, NJ 2007 Home Sales
January 29th, 2008 Categories: Buying a Home in NJ, Madison Living, Recent New Jersey Home Sales
Sales of Homes in Madison, New Jersey remained strong in 2007 as you can see.
Madison has seen quite a bit of new construction in the Hill and Dellwood Sections ($2.0 mill +), bringing up the average price of homes in town.
The strength of Madison schools, the exciting downtown and its place on the Midtown Direct Train line all help to keep Madison as one of the premier towns to live in New Jersey.
There are currently 59 homes on the market in Madison, New Jersey…over twenty are available from $400,000-$600,000.
You can find lovely three and four bedroom homes within walking distance to schools, shopping and New York City transportation.
Visit Midtown Direct Homes to search for all of the homes currently for sale in Madison, New Jersey.
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Deer Hunt Closes South Mountain Reservation
January 26th, 2008 Categories: Millburn & Short Hills Living, NJ Events, South Orange Living
South Mountain Reservation is Closed Between Millburn and West Orange for a Deer Hunt.
Don’t plan on driving through the South Mountain on Tuesdays and Thursdays from January 29-February 28, 2008. Trained Marksmen Will Be On Site to take care of the “Deer Problem.”
One of my fondest memories growing up in Short Hills was going to the Deer Paddock with my parents just off South Orange Ave between Old Short Hills Road and Brookside Drive. I loved to see “Bambi” and feed he and his brothers and sisters.
Now the deer are everywhere. The Essex County Deer Management Program is “taking care of the situation.” Needless to say, neighbors in Millburn, Short Hills, Maplewood, South Orange and West Orange are taking strong stands…on both sides.
What do you think?
ABC NEWS did a piece on Sharpshooters Protecting the Short Hills Mall (which is miles away from The Hunt)
Map of South Mountain Reservation
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SOPAC: Jay Johnson:The Two and Only Tonight
January 26th, 2008 Categories: Millburn & Short Hills Living, NJ Events, South Orange Living
Run, Don’t Walk, to see Jay Johnson: The Two and Only at SOPAC
Tonight, Saturday, January 26th at 8 PM
Short Hills resident Dan Whitten won a Tony in 2007 for Best Special Theatrical Event for this one-person ventriloquism show he helped produced.
Whitten was also the lead producer for Jacques Brel Is Alive and Well and Living in Paris which was the longest running new off-Broadway show of 2006-2007.
I had the pleasure, thanks to Dan, to see Jersey Boys before it opened!!! It deserved each one of its four 2006 Tony Awards, especially the one for Best Musical.
There are still tickets available for tonight’s performance of Jay Johnson: The Two and Only online at SOPAC
South Orange Performing Arts Center
One SOPAC Way
South Orange, NJ 07079
Telephone: 973.275.1114
Email: info@sopacnow.org
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240 Clarken Drive, West Orange, NJ
January 24th, 2008 Categories: Condo & Townhouse Living in NJ, NJ Open Houses, West Orange Living
OPEN HOUSE Sunday 1/27/2008 1P-4P
240 CLARKEN DRIVE, WEST ORANGE, NJ
If you are looking for a spacious town house in West Orange, where pride of ownership shows, then this home may be the gem you are seeking.
I cordially invite you to call me at 973.650.4727 and schedule a private showing.
* 3340 Square Feet
* 3 Bedrooms 2.5 baths
* Cathedral Ceilings
* Skylight
* Gleaming Hardwood Floors
* Oversized Rear Deck
* Finished Lower Level
For greater insight into
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More Money for New Jersey Home Buyers?
January 23rd, 2008 Categories: Buying a Home in NJ, NJ Mortgage Update, Real Estate News
Tuesday, January 22, 2008 Fed Lowered Interest Rates and New Jersey Home Buyers May Benefit
Steve Lupton of Metrocities Mortgage Sent Me the Following Alert I Wanted to Share:
NEWS ALERT!!!!
1. Today, the Fed lowered both the Fed Funds Rate and the Discount Rate by 75 basis points. This unusually aggressive move is an acknowledgement that equity and credit market issues are threatening growth in the real economies throughout the world.
2. As of Friday Jan 18th, all of the S&P gains from 2007 were erased and equity markets world wide are in a “bear market” (down 20% off their highs)
3. Since these Fed rate cuts were already priced into the market, we can’t assume that mortgage rates will drop immediately. However, it is safe to assume that the downward trend will continue. I will keep you posted.
4. There MAY be a silver lining for us. If the Fed continues on this path it may give a boost in the arm to those who need to refinance. It may also increase awareness of “low rates and lower housing prices” for the fence sitters.
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Retreat for New Moms in Chatham NJ
January 15th, 2008 Categories: Chatham Living, NJ First Time Home Buyers
The Parrot Mill Inn located in CHATHAM, N.J. plays host to the “Mommy Nest,” a retreat for new moms in New Jersey.The NY Times wrote an article on the Mommy Nest yesterday. I wish this was available seventeen years ago!!!What a wonderful idea to help new mothers adjust to breast-feeding, sleep deprivation and the joys of motherhood. At $500 a night, moms can get help from lactation consultants and the rest and relaxation they crave.
If you need to find more room and need a new home in Chatham, New Jersey please give Perri a shout at 973.650.4727 or look online for free at Midtown Direct Homes
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Madison, New Jersey Open House
January 11th, 2008 Categories: Madison Living, NJ Open Houses
Madison, NJ Townhouse is Warm & Inviting
Open House Sunday, January 20, 2008 1-4PM
MOVE RIGHT IN!!!
Framingham end unit in desirable MADISON COMMONS.
Townhome has a large living room with gas fireplace, formal dining room with dry bar, eat-in-kitchen and powder room on first floor. The second floor has master bedroom and bath (with skylight), two bedrooms, another full bath and laundry room. Large unfinished basement and one car garage.
Near NYC transportation, schools & shopping. This lovely community has tennis courts, pool, clubhouse, bike/jogging path & sauna.
148 Leeds Court, Madison, NJ 07940
Directions: Main or Columbia Turnpike to Park to Chateau Thierry to East Commons to Leeds Court.
Visit MidtownDirectHomes for virtual tour and additional area information.
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Livingston, NJ Real Estate and 2007 Home Sales
January 7th, 2008 Categories: Livingston Living, Recent New Jersey Home Sales
Livingston, NJ Real Estate saw an 11% GAIN in housing prices in 2007 over 2006
While the decrease in the number of homes sold in Livingston, NJ last year was also eleven percent, housing prices were up and Days on Market were down nearly 15%.
Buyers saw the value in Livingston, NJ and were willing to pay for it…thus keeping housing prices strong.
Livingston
Average Sold Price: $720,872
Average Days on Market (DOM): 64
Lowest Priced Home Sold: $300,000
Highest Priced Home Sold: $2,650,000
Average List Price: $748,412
Sold/List Price Ratio: 96%
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