99.4 percent of the approximately 330 Millburn High School 2009 Graduating Seniors are going on to college, with 95 percent of those going on to four-year institutions. One is returning to her native country, one to the US Army and one to the US Air Force Academy.

Full University List of 2009 Millburn High School Graduates

For more information about education in Millburn and Short Hills please contact Perri K. Feldman at 973.650.4727 or Perri@MidtownDirectHomes.com

NOW IS A GREAT TIME FOR FIRST TIME HOME BUYERS
TO TAKE ADVANTAGE OF NEW JERSEY HOME OWNERSHIP!!!

The National Association of Realtors (NAR) has a very valuable website: http://www.housingmarketfacts.com/ with easy to understand question and answers for first-time New Jersey home buyers.

With historically low interest rates today (yes we are seeing them start to creep up!) and affordable housing prices in the key Midtown Direct communities of South Orange, Maplewood, Millburn/Short Hills, Summit, Chatham, Madison, Montclair, Glen Ridge and Westfield, as well as Livingston, West Orange and Springfield...

New Jersey Homes for Sale

Contact Perri K. Feldman @ 973.650.4727 or email Perri@MidtownDirectHomes.com for more information
about Homes for Sale Along and Adjacent to the Midtown Direct Train.

38 homes have gone Under Contract in the past 30 days...thus putting the Summit housing market about 19% behind 2008 in number of home sales pending.

8   Under $500,000
2   $501,000-$600,000
6   $601,000-$700,000
4   $701,000-$800,000
3   $801,000-$900,000
3   $901,000-$999,999
5   $1,000,000-$1,500,000
3   $1,500,001-$1,999,999
4   $2,000,000+

Why buy a home in Summit, NJ? NJ Magazine ranks Summit High School #20 in the state, the Midtown Direct Train Express puts you at Penn Station in twenty minutes and the vibrant downtown has shops/restaurants for your every need.

Contact Perri K. Feldman to learn more about living in Summit, NJ 973.650.4727 or Perri@MidtownDirectHomes.com.

There is Good News and Bad News about Madison, NJ Real Estate:

There are a lot more homes on the market in Madison, NJ than last year...22 more (90 vs 68)!

But the good news is...22 homes are under contract at an average list price of $895,342.

The even better news, is that homes are selling both under $600,000 and over $1,000,000+

6   Under $500,000
5   $501,000-$600,000
2   $601,000-$700,000
2   $701,000-$900,000
2   $901,000-$999,999
5   $1,000,000+

Madison, NJ is a wonderful community rich in history (Washington slept all over the town!), with an excellent school system and an easy commute to NYC.

Contact Perri K. Feldman at 973.650.4727 or via email Perri@MidtownDirectHomes.com to learn more about Madison, NJ real estate and the community.

You Betcha!!!

Thirty five homes went under contract in Maplewood NJ in the past 30 days and 11 have just entered attorney review.

Maplewood is HOT!

Is it the 30 minute commute into NYC via the Midtown Direct train or the vibrant downtown that is bringing buyers?

There are currently 140 homes for sale in Maplewood, NJ with an average list price of $526,605.

But what are the prices of the 35 homes that are now selling?

4   Under $200,000
6   $201,000-$300,000
5   $301,000-$400,000
7   $401,000-$500,000
8   $501,000-$600,000
3   $601,000-$700,000
1   $701,000-$999,999
1   Over $1,000,000+  

Want to learn more about buying a home in Maplewood, NJ? Visit NJ Real Estate Wire

There are currently 158 homes for sale in Livingston, NJ and the average price of all of those homes is $870,195.

However, it is the lower price homes that are moving...and moving fast. With the bustling Towne Center, excellent highly rated schools and Express Buses into NYC, Livingston is a community in demand.

Forty homes have gone Under Contract in the past month.
The average list price of these homes is $611,694.

Ten Homes are in Attorney Review
with an average list price of $506,399.

Visit NJ Real Estate Wire to learn more about Livingston, NJ Real Estate or contact Perri K. Feldman via email Perri@MidtownDirectHomes.com.

Twenty-Three homes went Under Contract
in South Orange, New Jersey this past month.

There are currently 134 homes for sale
at an average list price of $621,361.

So what priced homes are selling in South Orange, New Jersey?

3   Under $300,000
8   $301,000-$400,000
2   $401,000-$500,000
2   $501,000-$600,000
5   $601,000-$700,000
2   $701,000-$999,999
1   $1,000,000+

The average list price of those homes was $506,300 and they were only on the market for 69 days on average.

For the full story on the current South Orange Real Estate Trends visit NJ Real Estate Wire or give Perri K. Feldman a call @ 973.650.4727 or drop a line via email

Houses in Millburn/Short Hills New Jersey are Selling.

In fact, over the past month, 35 homes have gone under contract at all different price points

5   Under $500,000
6   $501,000 to $750,000
4   $751,000 to $999,999
11 $1,000,000 to $1,499,999
5   $1,500,000-$1,999,999
4   $2,000,000+

Short Hills Median List Prices are falling whereas Millburn Median List Prices are holding pretty steady.

For the full story visit NJRealEstateWire. To learn more about real estate in Millburn and Short Hills New Jersey contact Perri@MidtownDirectHomes.com.

Just how is the housing market in the communities along and adjacent to the Midtown Direct Train Line?

Overall, New Jersey home sale prices have declined by an average of 15 to 20 percent in every county in the past three and a half years based on contract sales data.

However, towns along and adjacent to the Midtown Direct Train-line have actually seen average sale prices increase* in the same time period given their excellent school systems and accessibility to New York City, Hoboken and Jersey City.

While prices are in fact down from the peak, if you are a seller who purchased a home 5+ years ago, don't dismay...you should see a positive number on your sale. 

The average days on market has increased in keeping with the current economic climate.
                              
                              04/08                                   04/08
                              Avg Sales                              DOM
                              Price % +/-                           % +/-

ESSEX COUNTY
Glen Ridge:             +10%                                  +18%
Livingston                + 9%                                   + 7%
Maplewood              +13%                                  +48%
Millburn                   +10%                                  - 3%
Montclair                 +23%                                  +38%
South Orange          + 9%                                   +16%
West Orange           + 9%                                   + 4%

MORRIS COUNTY
Chatham Boro         + 3%                                   +16%
Chatham Twp          +50%                                  +19%
Madison                  + 7%                                   +39%

UNION COUNTY
Springfield              + 4%                                    +23%
Summit                  + 5%                                    +51%
Westfield                +18%                                   +38%

*Based on GSMLS sales data

For the full story visit NJ Real Estate Wire and read Sunday's New York Times Article A Market Going Downhill Fast,

Want to learn more about current homes of value on the market today?

http://www.240ClarkenDrive.com/
http://www.30LocustAve.com/
http://www.345OldShortHillsRd.com/

Montclair New Jersey is having its first ever Restaurant Week February 2-8, 2009.

There are forty-two restaurants participating and all will be serving special, three course, pre fix dinners during this event.

The details vary per each restaurant, so do call ahead.

Participating Montclair Restaurants

My favorite restaurants are on the list:

Allan
Corso 98
Fascino
Mexicali Rose
Osteria Giotto

If you've never been to Montclair, New Jersey...now is the time to visit. The downtown area and schools are terrific. Homes have kept their value and there is easy weekday access to Manhattan via the Midtown Direct Train.

Want to learn more about Montclair, NJ Real Estate? 

Call Perri K. Feldman @ 973.650.4727