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How is the Chatham NJ Real Estate market performing so far this year?  Chatham NJ has seen consistent improvement in its Real Estate market since mid May.  The spring market was a complete washout, but since then things have been getting better.  That is the news about Chatham NJ in the latest installment of How Are The Local NJ Real Estate Markets Doing??

The local real estate markets here in Chatham NJ and surrounding communities of Morristown, Morris Township, Florham Park, Summit NJ & Madison NJ are all seeing improvements according to the artical. 

So what should would be home sellers do to ensure that their home will sell for what it is really worth?

• Pricing is the #1 Most important consideration!!  Over price your home by even 4% and you…

Normandy Park School Grades K - 5

19-A Normandy Parkway, Morristown, NJ 07960

Normandy Park is public magnet grade school of choice for the Morristown school district  with students from Kindergarten though the 5th grade.  With approximately 346 students attending each year the average class size is 17 students.   Normandy Park School is part of the unified school district serving Morristown, Morris Township, & Morris Plains.  To view the ratings on Morristown NJ Schools click on Local School Ratings in the links section to the left of the screen.

SUPERINTENDENT  Thomas J. Ficarra, D. Litt., Morristown
Normandy Park School,  (973) 889-7960, Principal Mr. Joseph Schmidt;  www.normandyparkschool.orgRead Full Post

Part 10 in the continuing series.

The local Real Estate Markets are behaving quite differently from what the national news media likes to report on the evening news.  Many of you may be surprised to learn that many of the local towns that you and I live in have been seeing the number of home sales increase each week since the extremely slow spring market of 2007.  As you will see in this report and the previous reports the number of homes on the market continues to decline as more homes sell each week than are newly listed for sale. 

Why do we continue to see signs of strength in the local Morris County, Essex County, & Union County real estate markets?  There continues to be a steady migration of New York City especially Manhattan residents into our…

NO!! Foreclosure can be prevented.

The last thing that the banks and mortgage companies want is to take possession of your home and have to try to get their investment back by selling your home for what it is worth!!

The rate of foreclosures has increased significantly in the summer of 2007.  The states with the biggest rate of increase in foreclosure were Georga, Michigan, & Nevada.  Compared to this time last year the rate of foreclosure is up 93%.  According to a AP Business Writer Alex Veiga in a artical published in Yahoo Finance(R) 08/21/07

According to RealtyTrac(R) New Jersey has the 10th highest rate of foreclosures of the 50 states.  Keep in mind that the top 5 states account for more than 50% of the total foreclosures this year.

Are you in…

Alexander Hamilton School Grades 3 - 5

24 Mills Street, Morristown, NJ 07960

Alexander Hamilton is a public grade school with students from 3rd grade though the 5th grade.  With approximately 258 students attending each year the average class size is 16 students.   Alexander Hamilton School is part of the unified school district serving Morristown, Morris Township, & Morris Plains.  To view the ratings on Morristown NJ Schools click on Local School Ratings in the links section to the left of the screen.

SUPERINTENDENT  Thomas J. Ficarra, D. Litt., Morristown
Principal Alexander Hamilton School,  Principal Mr. Andrew Williams (973) 292-2190 www.alexanderhamiltonschool.org
 

Thomas Jefferson School Grades 3 - 5

James Street & Ogden Place Morristown, NJ 07960

Thomas Jefferson is a public grade school with students from 3rd grade though the 5th grade.  With approximately 290 students attending each year the average class size is 18 students.   Thomas Jefferson School is part of the unified school district serving Morristown, Morris Township, & Morris Plains.  To view the ratings on Morristown NJ Schools click on Morristown School Ratings in the links section to the left of the screen.

SUPERINTENDENT  Thomas J. Ficarra, D. Litt., Morristown
Principal Thomas Jefferson School,  Mr. Bill Venezia  (973) 292-2090   www.thomasjeffersonschool.org

Vail Commons Condo Project In Morristown New Jersey

Downtown Morristown is being revived with 3 major building projects already well into construction, and a fourth possibly on the way. 

The Residences at Vail Mansion

The Residences at Vail Mansion, a condo project being built on South st. promising luxury and easy living within walking distance of everything in downtown Morristown including the Midtown Direct Morristown Train Station. Prices start in the mid 700's and range up to a Million.

DeHart Place

Then their is the DeHart Place located on DeHart Street.  Also a condo project but built to be more like town homes with individual outside front doors, and plenty of luxury amenities. Prices start around 1.2m and range up to 1.5m

Vail…

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The Florham Park NJ Real Estate market continues it's slow but steady recovery.  Most of the homes which were on the market but not priced so that they would actually sell are long gone from the market.  What we have now mainly are homes offered by home owners who really do want to sell and move.

On the home buyers side of things, we have reached the point where the people who would like to buy a home are now willing to make offers again.  In the spring we went through a time where it seemed that there were no home buyers out in the market at all.  That has change though, the home buyers are out there and willing to make purchase offers on homes which are properly priced and presenting good value.

As stated in the continuing series Are The New Jersey…