Pricing Sweet Spot

We foresee a continued shortage of inventory in Montclair, which will buoy prices though probably not as sharply as in the past year. We expect the highest demand to continue to be for houses with renovated kitchens and baths in the $550k-$800k price range.

Buyer Profile

Buyers are still seeing value here relative to urban areas; Manhattan, Brooklyn and more recently, Hoboken, Jersey City and Queens. In addition to strong buyer traffic from these ares, we also foresee a continued increase in demand for affordable rental properties among young professionals. This should translate into the rehab of multi-families and the development of apartment buildings/town homes near transportation hubs. All good news for our tax base.