Midtown Direct Real Estate News

The Summit NJ real estate market had 11 homes sell in Feb 2008.  Not a bad month considering those homes would have gone under contract in December, January, and very early February.

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As you all may know Summit New Jersey is one of the most popular towns along the Midtown Direct train line.  It is popular for many reasons.

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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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Well you come to the right place.  I have been working long and hard to bring you the best Summit NJ Home Search tools that can possibly be delivered to the public. 

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Now available a new and robust easy to use MLS SEARCH for Summit New Jersey.  If you are in the market for Summit NJ Real Estate you really should check out Summit NJ MLS Search there you can search for free, you don’t have to register until you are ready to talk to a professional Summit […]

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Summit NJ Home Sales for January 2008
January 2008 was uncharacteristically busy for home sales in Summit.  In total there were 14 home sales / closings during the month which is more than one would expect for the month of January when the news media has been screaming for 12 months strait for people not to buy […]

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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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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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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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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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The Summit New Jerseys real estate market seems to have bottomed out now after dropping in the spring and early summer of 2007.  The only real price declines we are continuing to see are from home sellers who over priced their homes when they listed them.
What does this all mean for Summit New Jersey […]

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Home buyers, there are 109 homes on the market for sale in Summit New Jersey as I type this.  Usually home sellers do not have their homes on the market this time of year unless they are truly serious about selling.  Home buyers looking for bargain, what are you waiting for, why not look at some of […]

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