Posts Tagged 'sales'

New Trails in Watchung Reservation

watchungrez

The Union Co. Dept. of Parks & Recreation hosted a meeting and presented a Trails Master Plan that has been developed for the Watchung Reservation.  This plan will create new trails and open the Watchung Reservation to mountain biking. The meeting was held on Tuesday, March 7 at 7:00 p.m. at the Trailside Nature & Science Center. The map above shows proposed biking trails in light blue, hiking trails in light green and horse/hiking trails in purple.

Reps of the Parks Department and its trails planning consultant explained the plan and answered questions.  Those attending had an opportunity to offer their input on the plan. A similar meeting was held last October, primarily for mountain biking enthusiasts.

The Trails Master Plan includes the construction of 13 1/2 miles of new trails which will be restricted to mountain biking only.  The new trails will be spread throughout most areas of the park.  Portions of the Sierra Trail and other existing hiking or equestrian trails will be shared by all users, including mountain bikers.  Some sections of existing hiking trails will be closed.  Debate is still ongoing regarding possible effects on wildlife and neighboring property.

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Year End Sales figures for nearby towns

yearend

Sold & Rented 2013

HOMES SOLD IN 2013

  • 108 Roland – SOUTH ORANGE
  • 26 Hilltop – BERKELEY HEIGHTS
  • 29 Riggs – SOUTH ORANGE
  • 23 Arcularius – MAPLEWOOD
  • 21 Warren – MAPLEWOOD
  • 98 Harvard – MAPLEWOOD
  • 204 Lexington – MAPLEWOOD
  • 370 Vose – SOUTH ORANGE
  • 7 Highland – WEST ORANGE
  • 120 Roland – SOUTH ORANGE
  • 27 Burr – MAPLEWOOD
  • 833 Valley – UNION
  • 30 New England – MAPLEWOOD

 108frnt 100830034_1

_MG_5798  100751345_1

100774526_10 2946614_1

2983338_0  100801686_4

highlalndWO  roland

VALLEY  BURR

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UNDER CONTRACT

  • 67 Oakland – MAPLEWOOD

67oaklandx  

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HOMES RENTED IN 2013

  • West End Rd, SOUTH ORANGE
  • Hughes St., MAPLEWOOD
  • Upper Mtn. Ave., MONTCLAIR
  • Springfield Ave., MAPLEWOOD
  • Tuxedo Pkwy, NEWARK
  • Myrtle, MILLBURN

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2988422_0  MYRTLERENT

My 2012 sales

Here are pictures of the Essex and Union County homes I guided to closing in 2012.  There were also rentals and referrals which were not included in the gallery below.

hickoryExt1 copy     1677springfieldav     meadowbrookpl

secondst    2918560_0     2928983_1-1

2919242_0-1    2886057_0    2934414_0

2947969_0    2889203_0

Real Estate conditions improving in South Orange & Maplewood

 
Below is a snapshot of how the market has performed so far this year compared to last year.
 
Average Number of  listings is down, which is good for sellers and will begin to affect price.
Average Number of homes under contract is up, showing more buyers are willing to commit.
Average Number of homes closing is up significantly in South Orange.   In Maplewood it’s up only slightly.  In my opinion this indicates that some deals didn’t close because of mortgage or inspection issues, but at least the buyers are now making moves.
Average Numbers of Days on the Market is down in both towns which means homes are selling faster.
One area lagging is Average Sales Price, as you can see.
 
These are signs of an improving market, so let’s hope it accelerates since mortgage rates and home prices are insanely low.

Market Improvement

Real Estate conditions are improving!

Absorption rates are a common measure of how fast homes are selling.  Here, for example, the absorption rate for South Orange has dropped from 8 or 9 to 4.7.  This means at the rate that homes are selling now (20 in the last 30 days), it would take 4.7 months for all the listings available (94) to sell.  If these rates begin to stay under 5 we will gradually be moving from a buyer’s market toward a seller’s market.

 

Area Sales for the full year 2010

Here are the sales numbers for the year  2010 in Suburban Essex and Northern Union counties.   Buyers are returning as the number of sales (sold listings) increased over 2009 figures for the following towns: South Orange, Maplewood, Millburn, Montclair and Summit.  The towns closest to the train lines are feeling the recovery before the others (figures from Garden State MLS).

Please call me if you’ve got any questions about these figures or would like a complimentary CMA (comparative market analysis) done for your home.


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