Essex Fells Market Remains Stable

Essex Fells Market Remains Stable

Data for the market in Essex Fells is portraying a relatively stable situation still with no meaningful┬ámovement in median sales prices over the past 24+ months.     As we’ve seen with many of the high end NJ markets, it…

The effect of high taxes, part 2

The effect of high taxes, part 2

In our previous post we talked about the differing tax rates in various NJ communities and how certain municipalities face an unusually high property tax burden. One of the effects of higher taxes is reduced marketability. Roselle, NJ is one…

Contracts signed dropped in 2014 in Monmouth County shore towns

Contracts signed dropped in 2014 in Monmouth County shore towns

Monmouth County’s shore towns of Avon-by-the-Sea, Belmar, Spring Lake, Sea Girt and Manasquan are the towns in Monmouth County most closely identified as being affected by the vacation housing market. One of the traditional measures of demand for housing is…

Union County NJ Short Sales Dropping

Union County NJ Short Sales Dropping

Short sales are when a seller attempts to list a home where the value is expected to be less than the outstanding mortgage balance. Since market values in the area began declining beginning in 2006 or so, listings such as…