Midtown Direct Real Estate News

Did you know, the Federal Reserve has cut the interest rate they charge banks 1.25% over the past few weeks?
Have you talked with your mortgage person lately?   With every 1% mortgage interest rate reduction the typical mortgage payment drops 9%.  This can make a huge difference in the home you can afford.  For example, if […]

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Things are changing in the Summit NJ real estate marketing world.  But how is it changing and is the Summit NJ REALTOR you are about to select to sell your home really “up” on what it takes to get your home sold in today’s much rougher and internet based real estate selling environment?
If the Summit […]

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Those were the words of State Senate President Richard Codey when talking to a gathering at the annual Morris County Chamber of Commerce luncheon.
As well it should be in trouble.  Someone please explain to New Jersey Governor Corzine that the last thing New Jersey needs is higher or more taxes.  If Governor Corzine and the State Legislature want to address New […]

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Wow, my phone has been ringing off the hook since January 2nd with home buyers wanting information about one Midtown Direct train line town or another.  The questions keep coming in about towns such as South Orange, Maplewood, to Short Hills, Summit, Chatham, and Madison.
The home buyers are out there shopping early this year.  They know what […]

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306 Homes SOLD in Millburn Township New Jersey in 2007
222 in Short Hills and 84 in Millburn.
Despite the near constant screaming by the news media about the national real estate market, Millburn Township real estate  and Short Hills Real Estate appreciated in 2007 with the Average Sold Price increasing by 2% and the number of Homes Sold increasing by 13% over 2006 home […]

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There is a dirty little secret that some Midtown Direct Real Estate listing agents are keeping.  This little secret eventually gets out but usually not until it is to late for the home owner or anyone else to do anything about it.
It all starts with the real estate commission which is negotiated at the time […]

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Trying to sell your New Jersey home, but the home buyers just are not making any offers?
 The current buyers market here in Northern New Jersey has left many home sellers wondering what they need to do in order to get their home to sell at a reasonable price.
Many New Jersey home sellers don’t seem to understand that the […]

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2007 came and went and some 165 homes actually sold in Chatham Township New Jersey.  In 2006 Chatham Township had 163 home sales.  Wow, wait a minute, didn’t the news media screem at us all year saying that there was a real estate crisis.  Didn’t the news media try to tell us that home sales […]

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292 homes sold in Summit NJ during 2007.  Not bad compaired to 274 homes sold in 2006
                                                              2006               2007
Average Sale Price                           $1,017,629       $1,131,531
Total Homes Sold                                    274                    292
Average Days on the Market                  49                      60
More and more people are starting and doing much of their home research online before they actualy contact a Summit NJ real estate agent.  This makes […]

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Old Glen Road In Convent Station Morris Township NJ Closed Jan 8th from Turtle Road to Fairfield Dr West.  Fairfield Dr will remain open from where it will remain open from Fairfield Dr West to where Fairfield Dr East meets Old Glen Road.

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The year in Chatham NJ Real Estate.  2007 was a similar year in Chatham Boro to 2006.
I have done a breakdown of all the home sales in Chatham NJ Boro for you by address and price.
2007 Sold homes in the Boro of Chatham NJ:

Town

Address

L Price

Style

Beds

Baths

BSMT

S Price

Chatham Boro
380 Main

$ 299,900.00

Condo

1

1

N

$ 290,000.00

Chatham Boro
380 Main St. Unit 18

$ […]

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Welcome to 2008 and Happy New Year.
2007 was a year that many believed was a horrible year in Morristown NJ Real Estate.  170 Homes were able to sell in Morristown during the year which is actually a fairly good number considering Morristown is only about 21,000 people. 
There was a trick to successfully selling real estate […]

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There were 50 homes which sold in the Convent Station Section of Morris Township NJ in 2007. Not a bad number at all actually. One of the things to note is that the only homes which had trouble selling in Convent Station during 2007 were those which did not get priced right to start with.
A […]

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For those of you who think 2007 was a disastrous year in Madison NJ Real Estate, there were 174 homes which sold in Madison NJ 07940.  Not too terrible compared to what the general public thinks.  2007 really was not a bad year for home sellers who were willing to price their homes properly form […]

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The first night Morris New Years celebration was a success.  The weather on the Morristown NJ green was clear and good, the shows were wonderful, it seemed that the predicted 10,000+ people who were expected did turn out.  There were even two fireworks displays, one at about 9:30 and then at the end of the evening to […]

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