Here in the hinterlands of New York City, among the perfectly manicured lawns and fenced backyards sometimes something out of the ordinary crops up to challenge our thinking on curb appeal. So as I was heading back to the family after showing homes to some potential buyer clients yesterday, I passed one of my favorite homes on Ridgewood Ave in Glen Ridge and it was then that I stumbled across the unusual but interesting sight of a front lawn that was overtaken by Pink Flamingos. I had to pull over and capture the moment as it is not everyday that you see a lawn full of the plastic Pink Flamingos here in the suburbs. While there are many lawn decorations that can be found 12 miles west of NYC, none are as timeless and classic as these. I am sure that there are many opinions on the appropriateness of lawn decorations, stumbling across this yesterday made me pause and smile. We want to know what you think yeah or nay to the Pinkalicious plastic? If you are interested in purchasing the real deal head over to Get Flocked for the Don Featherstone signed original design. If you want to keep up on the lawn ornaments around town you should check out http://mutterschwester.wordpress.com/ as she documents the fun and whimsical pieces she see around town.
Amongst the Colonials, Tudors and Victorians in this bucolic suburb, a rare type of property in Glen Ridge real estate has just been listed for sale. This 2 Bedroom, 2.5 Bath Glen Ridge townhouse located in the Ridgemont Society complex offers a fantastic opportunity to the right buyer. Situated at 100 Glen Ridge Ave in Glen Ridge, the complex named the Ridgemont Society is ideally located about 1 block from the Midtown Direct train and about a half mile from Montclairs Restaurant Row. For commuter it is a 37 minute ride to NY Penn Station and the bonus of recently added weekend service make access toall the amenities of NYC just a short distance away. Many prospective buyers look to Glen Ridge for the educational system and the 2010 NJ Montly Magazine school rating pegs the Glen Ridge schools at #4 in the state. Below is a picture tour of the property and you can stop by the open house for the is fantastic Glen Ridge Townhouse on Sunday November 21 from 1 -4 p.m.
As you can see this unit features hardwood floors and an open floor plan. The bright eat-in kitchen is a joy to start your day or prepare meals for entertaining guests. Upstairs you will find the master bath has a jetted tub to relax to let go of the day’s stress. The laundry is located on the second floor as well, so no running up and down the stairs. The ground level features a spacious family room that opens with a walk out to a paved patio in the back where you can BBQ and entertain. There is a one car attached garage to store your vehicle from the elements. So we encourage your to come by Sunday from 1 -4 p.m. and see this beauty and we know you will not be disappointed at the unique opportunity to own a piece of real estate in Glen Ridge.
Unless you have been living under a rock the last couple of days you have certainly heard that home sales fell off the cliff in July down 27.2% and that end times are certainly upon us. Looking a 20 city composite index from the good folks over at Altos Research you can see what is happening. Inventories are rising and the number of listings being absorbed are falling. Certainly the home buyer tax credit pulled people into market that may have waited. Couple this with high unemployment and job uncertainly it may not matter if the interest rate go to zero the homebuyers may not move off the fence. As goes housing so goes the economy. With mortgage rates floating somewhere between 4 and 4.5% your purchasing power may in fact be greater that it was back in the spring before the tax credit when mortgage rates were about a 1 – 1.5% higher. but from a potential buyers perspective “…if your aint got no job, you ain’t got no money to pay the rent, so out the door I went…” (George Thorogood for those playing along at home).
What about the Montclair Real Estate Market?
Lets look at these same statistics for the Montclair single family home market. Below we can see that starting in mid July the inventory levels start to drop and fall below the rate of absorption in the beginning of August which seems to be bucking the national trend. I suspect some of this inventory drop can be attributed to sellers who were listed this spring withdraw their listing with the intention of putting the house back on after labor day or deciding to stay put for the time being.
What about home prices in Montclair. We can see that starting at the beginning of July active Montclair home sellers are taking price reductions and new Montclair home sellers entering the market are priced lower than their competition. This is putting downward pressure on home prices.
What this means for you really depends which side of the fence you are on. There have been many homes this year that have sold at or above asking price in Montclair. So far this year the stats for single family homes sales in Montclair are as follows:
Number of Sales – 171
Average List Price was $706,754
Average Sale Price was $698,397
Average Days in Market – 63
Rumour has it that even the Strahan house has gone under contract in a private deal. As has always been the case in Montclair it is imperative to price your home at a point where others perceive it as the best value available . This provides you the best chance of generating an offer. Although price alone will not necessarily do it these days as buyers are now demanding that homes be in great condition and be presented well. When these factors are in place we have seen multiple offers being presented to the homeowner . If you are considering selling we have the tools to help you realize the maximum value in the least amount of time. Please reach out to us at (973) 464-0568 for a private consultation of your specific situation.
Here is a quick update on the housing market here in the US that was put together by Keller Williams and hosted by Jay Papasan. We hope that you find this information on the national real estate market useful. We are continially analyzing Montclair area real estate so if have specific question or you would like more information on the what is happening locally please call or email. To find out what your home is worth you can sign up for the market snapshot over in on the right hand side of the site. It will provide you Montclair area homes are currently for sale, what are pending and what recent sales. It provides a ton of other local information about the Montclair area as well so I encourage you to take a look.
What are your thought about the market, we would love to hear from you and thanks for stopping by.
Many home buyers today are looking for modern one level living. The other day I had the privilege of photographing this lovely 1960′s raised ranch located on a superb West Caldwell street. This ranch home is situated between 2 cul-de-sacs. The potential West Caldwell home buyers are offered 3 bedrooms on 1st level. The light filled spaces are spectacular and the family room Walk-out lower level with bedroom and family room for extended family living. Upgrades include a new furnace & new A/C in ’03, the roof in ’05 as well as new siding, new patio and walkway. There are all new interior doors and updated kitchen and baths. The new owner will enjoy the private backyard, Locate just outside of the window filled den is and outdoor space where the new West Caldwell home buyers will be able to entertain on the 16×32 deck. The home has all new windows and is ready for to a new owner to move right in. Enjoy the video and please reach out with questions or if you would like to schedule a private showing .