Archive for October, 2008
New York Jets Give Back in Short Hills
October 28th, 2008 Categories: Buying a Home in NJ, Florham Park Living, Millburn & Short Hills Living
Last night I was “hanging” with The New York Jets at a Fashion Show sponsored by Saks Fifth Avenue, MasterCard and The New York Jets at the Short Hills Mall.
The proceeds went entirely toward the New York Jets Foundation whose main focus is to provide resources for local area youth initiatives that encourage education, sports and physical fitness, the creation of scholarships and donations to schools, colleges, universities, hospitals and other exempt charitable organizations.
Now that the team and the Jets organization live and practice in the area they have become a wonderful addition to the communities along the Midtown Direct Train line including Florham Park, Livingston, Short Hills, Millburn, Summit, Chatham, Madison and Morristown to name a few.
Say hi to Nick Mangold and D’Brickashaw Ferguson. Don’t they look great in their Made-to Measure suits?
 
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Want to learn more about living in a community close to the New York Jets training facility in Florham Park? Call Perri @ 973.650.4727
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Short Hills Open House Sunday
October 22nd, 2008 Categories: Buying a Home in NJ, Featured Homes, Millburn & Short Hills Living
 OPEN HOUSE SUNDAY
OCTOBER 26, 2008
1-4 PM
345 Old Short Hills Road
Short Hills, New Jersey
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When Millburn High School was named the Top High School by NJ Magazine last month you could feel the sigh of relief ripple through Short Hills and Millburn.
Everyone has been focused on the economy, more specifically home values. The accolades received from the #1 designation reinforced the strength of the school district. With only two months of inventory (vs. the New Jersey average of twelve months)Millburn Township homeowners are breathing easier. Â
The New York City real estate market is finally feeling the pinch. Home buyers are venturing across the Bridge and through the Tunnels to communities with an easy commute into Manhattan. Short Hills and Millburn have express trains via the Midtown Direct Train into Hoboken and Penn Station in 35 minutes.
Want to learn more? Call Perri @ 973.650.4727 or email for information about Millburn & Short Hills Real Estate
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Top Ten Reasons to Live in Chatham, NJ
October 14th, 2008 Categories: Buying a Home in NJ, Chatham Living
Here are my Top Ten Reasons to Live in Chatham, New Jersey:
- Chatham Township was named the #1 Place To Live in New Jersey by NJ Monthly in 2007.
- Less than 40 minute commute into
- Small town feel in spite of its close proximity to NYC with its quiet, safe, and friendly community.
- Hundreds of small businesses ready and willing to serve the community of
- Exceptionally rated school district every year.
- High property values with carefully planned neighborhoods & beautiful, tree lined streets
- Excellent shopping and luxury facilities both right in town and just 2 miles away at one of the nation’s most prestigious experiences, The Mall at Short Hills and The Spa at Short Hills Hilton
- Many nearby parks and nature sites with lots of recreational opportunities
- Miles of Wildlife Reservation to walk or bike through and appreciate the preservation of our natural resources
Chatham, New Jersey includes both Chatham Borough and Chatham Township. They share the same school district, post office (07928)and library, but are really two separate municipalities.
Chatham Township is about four times larger in size yet only with about 20% more people. The Borough includes downtown, the Midtown Direct Train line into NYC and closer access to Route 24, while the Township has easier access to Route 78 with larger sized house lots.
Looking for a Home in Chatham? See all Chatham NJ Homes currently for sale
 Contact Perri @ 973.650.4727 for a personal tour of homes for sale in Chatham, New Jersey
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August Hartshorn Home Sales in Short Hills
October 11th, 2008 Categories: Buying a Home in NJ, Millburn & Short Hills Living, Recent New Jersey Home Sales
It has been so wonderful watching the growth of our Keller Williams office over the past three years. Red KW signs are easily spotted in communities along and adjacent to the Midtown Direct train lineÂ
Representing both Buyers and Sellers, Keller Williams home sales are closing…not easy in this economy.
Just look at this one section of Short Hills. Out of the eighteen homes sold in the Hartshorn Grade School area in August 2008, Keller Williams represented ten transactions. Pretty good for an office that is only three years old.
ADDRESSÂ Â Â |
LIST PRICE |
SALE PRICE |
ASSESSED VALUE |
CLOSING DATE |
| 26 Keats Rd |
$870,000 |
$871,000 |
$786,200 |
08/14 |
| 31 Briarwood Dr  |
$925,000 |
$999,999 |
$975,600 |
08/27 |
| 34 Quaker Road |
$925,000 |
$935,000 |
$951,700 |
08/04 |
| 36 Spenser Dr        |
$975,000 |
$940,000 |
$959,500 |
08/26 |
| 78 Old Short Hills |
$999,000 |
$960,000 |
$768,900 |
08/15 |
| 159 Tennyson Dr |
$1,075,000 |
$1,075,000 |
$934,700 |
08/20 |
| 175 Western Dr |
$1,150,000 |
$1,120,000 |
$1,058,300 |
08/18 |
| 38 Addison Drive |
$1,200,000 |
$1,100,000 |
$985,200 |
08/22 |
| 25 Robert Dr |
$1,275,000 |
$1,405,000 |
$1,316,800 |
08/12 |
| 181 Western Dr |
$1,295,000 |
$1,250,000 |
$1,169,600 |
08/15 |
| 28 Dryden Terr |
$1,395,000 |
$1,395,000 |
$1,019,400 |
08/04 |
| 50 Hemlock Rd |
$1,395,000 |
$1,310,000 |
$1,385,500 |
08/22 |
| 15 Lee Terr |
$1,729,000 |
$1,729,000 |
$1,426,700 |
08/15 |
| 100 Hemlock Rd |
$1,750,000 |
$1,675,000 |
$1,838,300 |
08/15 |
| 14 Dorset Lane |
$1,849,000 |
$1,800,000 |
$1,760,000 |
08/20 |
| 185 Western Dr |
$2,095,000 |
$2,200,000 |
$2,041,900 |
08/27 |
| 81 Tennyson Dr |
$2,750,000 |
$2,500,000 |
$2,322,200 |
08/18 |
| 123 Highland Ave |
$3,750,000 |
$3,475,000 |
$3,247,500 |
08/20 |
Listed or Sold by Keller Williams Realty
Are you ready to buy a home in Short Hills? Or sell your Short Hills home? Contact Perri @ 973.650.4727.
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What is Feng Shui and How Will it Help Me Sell My House Faster?
October 5th, 2008 Categories: Getting Your NJ Home In Order, Selling A Home in NJ
Sellers are always asking:
What is feng shui?
Will it help me sell my house faster?
So I asked my Feng Shui expert Suzy Minken for the answer:
Feng Shui (pronounced, “fung shway”) is a Chinese ancient science which is based on a series of relationships observed in nature. The principles of Feng Shui, which literally translates to “wind water,” have evolved over 4,000 years and are used today as a design tool for achieving harmonious living.
In today’s economic climate of uncertainty, the residential real estate market is increasingly turning to the application of Feng Shui principles to ensure homes for sale are attracting buyers. Savvy real estate agents know that getting homes to show their best…means a Great first impression, both at the curb and inside the front door. Getting homeowners to embrace this concept is not always easy, especially when many of them believe that the home that they love so much, should be loved by everyone else.
 Read the rest of this entry »
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Maplewood NJ Home Sales September 2008
October 4th, 2008 Categories: Maplewood Living, Recent New Jersey Home Sales
In September, 2008, the average list price of homes in Maplewood, NJ was $528,679. The average sales price of the sixteen homes sold was just below that at $521,843. Average Days on Market was 73.
What is interesting to note, is that Maplewood is back at 2005 price levels:
Maplewood, NJ Homes Sold September 2008
|
Address |
Sale Price |
| 19 Hickory Dr |
$911,000 |
| 665 Prospect St |
$901,500 |
| 23 Hoffman Street |
$756,000 |
| 513 Richmond Ave |
$600,000 |
| 8Â Sunset Terr |
$590,000 |
| 636 Ridgewood Rd |
$585,000 |
| 21 Oberlin St. |
$575,000 |
| 12-14Â Wellesley |
$555,000 |
| 125 Oakview Ave |
$539,000 |
| 74 Park Avenue |
$519,000 |
| 46 Plymouth Ave |
$445,000 |
| 10 Midland Blvd |
$425,000 |
| 3 Porter Rd |
$315,000 |
| 253 Burnett Ave |
$269,000 |
| 192 Burnett Ave |
$205,000 |
| 44B Meadowbrook |
$159,000 |
Click here to see full details:Â Maplewood New Jersey Home Sales September 2008
There are currently 140 homes for sale in Maplewood, New Jersey…the same number that was on the market last year.
Looking for a home now in Maplewood, New Jersey Search here
 For more information about Maplewood NJ, call Perri@973.650.4727.
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Understanding the Credit Crisis
October 4th, 2008 Categories: Buying a Home in NJ, NJ Mortgage Update, Selling A Home in NJ
Steve Lupton of MetroCities Mortagage just shared this take on our current “credit crisis” to help you understand WHY.
“The Chinese have a proverb: “May you live in interesting times.”
And we are living through interesting times indeed.Whatever the political posturing regarding the rescue plan, a plan needed to be passed. Credit markets are frozen and banks are going bust every day. This is not totally because of “toxic” mortgages. This has a lot to do with FASB 157, also known as “mark to market”.
Each day, lenders must mark their assets to the marketplace. It’s like you having to appraise your home everyday and, if your neighbor was under duress because she got very ill, divorced, lost her job and was forced to sell her home quickly, she may have sold it super cheap. Now, does that mean your house is worth that super cheap price, too? Clearly not. Why? Because you are not under duress. You have the time to sell your home and get a more normal price, which more accurately reflects true market conditions. But “mark to market” does not allow for this, which creates a vicious cycle.
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