Midtown Direct Real Estate News

Everyone seems to think that this is a horrible real estate market, and for some it really is.  For others this is a great real estate market.  Home buyers are especially benefiting by this real estate market, and of course home sellers who have seen reality are doing just fine in this market.

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With half the year gone already I thought it time to put out a update on what the Morristown NJ Real Estate Market statistics look like now.

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2008 is turning into a continuation of 2007, only rather than dead slow home sales, we instead are seeing many more home sales, but at a lower average price point in Morristown NJ.

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There have been 22 homes sold in the second quarter of 2008 so far in Morristown NJ.
Here are the statistics for the Morristown NJ Real Estate transfers so far.

$224,500 the lowest priced home sold
$655,000 the highest priced home sold
$405,086 the average priced home sold
$375,000 the median priced home sold
104 days to sell was the average.

Morristown […]

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The Morristown NJ Condo Project, 40 Park officially launched last week, to much fan fair.  It was revealed that there are now over 30 condos in this 60 condo project which are already spoken for.
It looks the the 40 Park condominiums are going to be a great success for the builder and for the Morristown […]

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In a article in Sundays Daily Record news paper there were lots of suggestions as to how to deal with New Jersey’s tax and spend problems.

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Are you relocating to New Jersey with a paid relocation program? If so, many of the relocation companies will try to send you to real estate brokerages that they own. 

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Many savvy New Jersey home buyers are very interested in getting the best rate on their future mortgage.

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Morristown NJ Mayor Donald Cresitello describes Morristown Memorial Hospital which is run by Atlantic Health System as a for profit institution, despite the hospitals nonprofit status.

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Transit Village at the Morristown NJ train station is likely the cause for the 15 to 30 extra parking tickets being written every day at the Convent Station train station, say Morris Twp. Officials.

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Public transportation options can affect your home’s value in a big way.For much of the 1980’s though about 2005 people in many suburban areas of New Jersey, have elected to drive further out away from New York City and their jobs in order to find more affordable homes. 

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With the crazy stuff the National Association of REALTORS is doing with trying to get local real estate boards to make the local REALTORS stop using the term MLS Search, what will consumers end up doing?

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DeHart Place New Construction Home Community in Morristown New Jersey 07960 with homes priced from $1,260,000 to $1,300,000.  The homes have been built South of Maple Avenue on DeHart Street in Morristown New Jersey.  This is a prime location in a historic area of Morristown.

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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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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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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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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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Holiday Home Selling Tips for NJ Home Sellers, Which Really Work. 
1. Keep it warm:  To show a home to its best advantage during the winter, think warm, cozy, and homey. Keep your thermostat at 70 degrees during home showing hours. If your home is vacant, install a programmable thermostat and set it to have the home […]

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Morris County NJ Affordable House Requirements May Go Up Dramatically Roof. The new rules proposed by the state council on affordable housing would affect Morris County dramatically.  Morris County may need to add 6,500 Affordable Housing Units.   The new proposals would lower the number of market-rate new houses & condominiums that could be built for every […]

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