James Boyer's Blog: All Categories

Vail Commons Condominiums located just North of the Morristown Green is modeled on a high-rise style of condominium.  These condos are very nice and modern, making a very unique statment.

Today I wanted to give you a list of all the Vail Commons condos which have sold since the projects start.

Vail Commons Sold Condominiums

7  Prospec St.  $1,800LP  OneFloor 1br 1ba $1,800SP  6DOM

7  Prospect Street  $349,900LP  OneFloor 1br 1ba $320,000SP  164DOM

7  Prospect Street  $359,000  OneFloor 1 1 $340,000  87

7  PROSPECT ST.  $359,900  OneFloor 1 1 $350,000  173

7  Prospect St.  $360,000  OneFloor 1 1 $340,000  5

7  PROSPECT ST.  $375,000  OneFloor, 1 1 $335,000  344

7  PROSPECT ST.  $398,900  OneFloor 1 1 $382,500  87

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OK, we all know we are in a real estate buyers market (at least I hope we all know this).  What happens in a real estate buyers market?  Well, home buyers become very scarce, very picky, and very expecting of a deal if they are to buy at all.  Some may even say that home buyers in a real estate buyers market become jaded.

In reading the Gary Keller book (Shift, How top real estate agents tackle tough times), the ideal that only 20% of the homes listed for sale in any MLS will be priced properly and in proper condition to sell.  The rest of the homes, the 80% are just out there, not seriously for sale.  The owners of the 80% homes may think they are seriously for sale, but really they are just fooling themselves and their homes will likely have to go…

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Competitive Morris County Real Estate marketplace

In today's highly competitive Morris County real estate market is has become extremely important that you hire the best. 

It used to be that a Morris County home owner could hire any REALTOR who would put their home into the Morris County MLS and be assured that their home would sell. 

Oh how times have changed!  Now a days most of the home buyers are searching online for their next home, and they are not working with a Morris County REALTOR until near the end of their home search.  By the time they contact a Morris County REALTOR they have spend on average the better part of 5 months looking at towns, they usually have a top 5 or 6 homes picked out and chances are better then 50 50 that one of those top…

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This blog post will be a comparison of the first 11 months of 2007 as compaired to the first 11 months of 2008 home sales and prices for the South Orange NJ Real Estate market.  There are some surprises in this information.

The last few month of 2008 have been horible for most any real estate market and the South Orange New Jersey market is no different.

Here are the actual numbers for the South Orange NJ Real Estate market.

Total Sales Volume South Orange 2007 2008   184 152     -17.4%

 

Average List Price Change South…

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Maplewood NJ Home Sales First 3 Quarters 2007 -VS- 2008

With all crazy information being put out about the local real estate markets, I thought I would put together some real numbers for you the reader, so that you can better understand what is really happening in the Maplewood NJ Real Estate market. 

I put together the actual sold data for January, 1 2007 though September, 1 2007 and compaired it to January, 1 2008 through September, 1 2008.

 

Total Sales Volume Maplewood 2007 2008   211 175     -17.1%

 

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As of late there are all these different websites popping up wanting to be your source for information about Morristown New Jersey.  Many of these sites are mainly about selling ad space to people such as Morristown REALTORS, and Morristown Mortgage Brokers, and many other businesses in and about town. 

To be honest, one of these sites approached me in the early summer asking me to buy the rights to my town.  Their deal was $200 to start and then there was a monthly fee.  They also had this scheme where they wanted me to go around to different business in town selling them possitions on the site.  In exchange for selling these possitions they were offering discounts off of the monthly fees.  I thought about it for a bit, and then decided that I would need…

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The Convent Station Real Estate market has been fairly busy as of late.  With 13 homes closing and transferring to their new owners in August I can say this is better than what took place in August of 2007.  

Convent Station tends to be the most popular area of the Morris twp. Real Estate marketplace.

Here are the homes and sold prices for last months Convent Station real estate transfers:

19  Irondale Ave  $329,900LP  Ranch 3bd 1ba $313,000sp  79dom

131  PARK AVE  $424,900LP  SplitLev 4bd 2.1ba $424,000sp  77dom

24  Woodland Avenue  $449,000 LP Colonial 4bd 2ba $400,000sp  111dom

101  Woodland Ave  $459,000LP  CapeCod 4bd 2ba $447,500sp  52dom

46  DAVENPORT PL  $524,900LP  TwnIntUn 2bd 2ba $510,000sp  15dom

3  Gatehouse…

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The month of August 08 has come to a close with 23 homes listed for sale in Morristown NJ sold.  This is a small improvment, but it is a improvment and the signs continue to come in that the Morristown NJ real estate market has bottomed.

Home seller have gotten the hint over and over again and now we are seeing the median number of days to sell at 65 days.  There are still quite a number of homes on the market which have been sitting out there for 100 or more days.  Some of these homes I really in my own mind don't consider for sale anymore.  The home seller and the real estate agents who have them listed for sale are not even trying any more.  Why do I say that?  No price reductions after 100+ days on the market, knowing the market the way I do, I can…

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