Montclair NJ Real Estate Market News & Information
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November 16, 2015
Buyer traffic was strong in October, and our open houses were busy, but low inventory lead to non committal behavior. Buyers often second guess their purchases when there aren’t enough homes for comparison shopping. That’s not to say houses didn’t […]
November 12, 2015
628 Highland Avenue, Little Falls Great Notch-Spectacular Mid Century Home by architect Eleanore Pettersen, apprentice to Frank Lloyd Wright, and meticulously renovated by R.S. Jacobs, AIA. It sits on 3/4+ acre that includes a 2nd potential buildable lot. Other details […]
October 29, 2015
As summer weather and school holidays pushed the season back, September was a quieter month than expected as only 54 new listings hit the market versus 60 last year and 73 in 2013. There were 131 units for sale at […]
October 23, 2015
29 Greenview Way, Upper Montclair $1,175,000 Gracious 6BR Colonial with direct access to Yantacaw Park. NYC bus a block away and 1 mile to Upper Montclair village. A home for all seasons! Elegant brick & frame center hall Colonial on […]
September 17, 2015
August was a busy month for closings while buyers and sellers took a break from the market. 65 houses closed in August averaging 103% of asking price. Only 19 homes came to market as many would-be sellers held off, […]
September 9, 2015
Would you like to quickly and easily get an initial idea of what your home is worth? Check out that new feature on our new web site, Free Home Valuations! Just click this link and fill out the short form. We […]
August 18, 2015
Dear Friends, July was a busy month for closings, as usual, with 67 homes sold at a median price of $639,000. Strong spring buyer demand was reflected in sales averaging 6% over ask among July closings. July and August are […]
July 16, 2015
Do These Things Now! There are several things that a homeowner can do well in advance to help a sale go smoothly and for the best return. Make a declutter schedule – Set up a calendar for donations, bulky waste, hazardous […]
July 12, 2015
2014 & 2015 seasonal trends in inventory, new listings and contracts. 65 closings took place in June and, notably, the median sales price was $750k, the highest in 5 years. There was quite a bit more activity in the $1 […]
June 11, 2015
Given the numerous inquiries I have had about sales prices vs. assessments, here are the answers to a few of the most frequently asked questions. > Does an assessment go up based on sales price?
No, assessments change as a […]
June 9, 2015
Dear Friends, The Spring real estate market continued to be busy in May as more houses came on the market to meet buyer demand. Inventory grew in May as 83 houses came to market, vs 83 this past April, and […]
May 19, 2015
Above are some listings that closed for well above asking price in the past few months. How much is this data the result of underpricing versus overpaying? Some combination thereof, but it’s hard to quantify. 153 Union is back on […]