Central New Jersey Real Estate Professional
Thought provoking commentary on things real estate related.
ARCHIVED BLOG POSTS
2007
2
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The full U.S. House voted to approve the Taxpayer Protection Act of 2007. The current law requires a seller to complete an affidavit and supply their social security number at closing. Once this bill is ratified by the Senate and the President signs off, the new legislation would not require soci...
07/29/2007
8
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The Mortgage Cancellation Tax Relief Act - H.R. 1876 was introduced by Congressman Robert Andrews, a Democrat from New Jersey. Currently the bill is being cosponsored by 17 other members of congress, with equal support from both sides. The goal of this legislation is to do away with current laws...
07/28/2007
0
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Exciting opportunity to own a piece of the new Newark, New Jersey. What exactly is the new Newark? Well, how about loft townhomes with recyclable materials such as bamboo, concrete and ceramic tiles. Other attributes include low volatile organic compounds and wheat board cabinets, along with ener...
07/28/2007
The battle of Short Hills was fought in this area in 1777 during the Revolutionary War.Fast forward to March 2007 and this township is home to some of the most beautiful equestrian estates communities in central New Jersey.There were 229 residential properties for sale in March 2007 with an avera...
07/28/2007
There were no properties available for sale in March 2007. Interestingly enough, there were no listings in March 2007 and none in 2006. No multifamily properties went under contract in March for either year. Likewise there were no closing in March for either year.Scotch Plains is a bedrock for s...
07/28/2007
Westfield has very few multifamily properties, so it stands to reason that there are few available for sale. However, what Westfield lacks in numbers it more than makes up for in character and charm. the multifamily homes afford their owners the same rich architectural detail enjoyed by owners of...
07/28/2007
This township is one of the most desirable residential communities in central New Jersey.There were 249 residential properties for sale in March 2007 with an average price of $1,122,512.During the month 60new listings were introduced to the market with an average list price of $1,099,208. This sa...
07/28/2007
Plainfield has many multifamily properties, so it stands to reason that there are quite a few available for sale. As in Scotch Plains, so here in Plainfield you find that the multifamily homes afford their owners the same rich architectural detail enjoyed by owners of single family residences. Th...
07/28/2007
March 2007 saw a 22% increase in the number of listings over March 2006. Plainfield had 363 single family homes listed for March 2007 with a average list price of $358,842. Of the 363 listings, 86 were new with a average price of $345,178. During the month there were 21 sales with an average sal...
07/28/2007
Yes sales are occurring in Scotch Plains. However, prices are down and buyers are making lower offers. Take the example of 338 Cedar Grove Terrace in Scotch Plains off of Mountain Avenue, which closed title on July 24, 2007; Listed for $359,900 on May 21, 2007. Unlike most properties, this o...
07/25/2007
Rainmaker
226,975
226,975
William Collins
Property and Asset Management
Real Estate Resources
Thought provoking commentary on things real estate related.