Catherine (Cathy) Chaudemanche Team | Edison Realtor, ALC +, Real Estate Professional in Edison, NJ Email Phone
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Catherine (Cathy) Chaudemanche Team | Edison Realtor, ALC +

"Local, Full-Time, Informed & Involved | Short Sales & Foreclosures(732) 751-4508"
Experience:
Real Estate Agent & Realtor, ABR for Metuchen Keller Williams Realty, Middlesex County (NJ) Market Center July 2006—present
- Central Jersey First Time Home Buyers Specialist. - Expired Listings & FSBOs (For Sale…
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Specialties:
- Short Sales and Foreclosures Specialist
- Certified Luxury Home Marketing Specialist
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Certifications
& Awards:
Accredited Buyer’s Representative (ABR®)
NJAR circle of excellence - Bronze 2009, 2010.
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Interests:
- Home Staging & Interior Design. Smart Remodeling to Maximize ROI.
-Real Estate
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About:
Are you seriously looking for a Great DEAL in Edison or surrounding areas in Middlesex County, New Jersey? Search no more, stop wasting your time and contact ... show more
Testimonials:
"First of all, many thanks to Cathy and the team for helping me throughout the process. Deal couldn't have been closed without all the help. Cathy is very ... show more
Catherine (Cathy) Chaudemanche Team | Edison Realtor, ALC + answered:
As we know Real estate is hyper local and the Real Estate market in general is based on free markets meaning influenced among other things by supply/demand.

So looking today at areas in Edison that have a strong demand could be a factor used in forecasting future appreciation.
Other factors to consider in Edison are the impact of the foreclosures and short sales on traditional housing on the negative side.
Also if today there is a stronger demand for a specific Zipcode making sure that this demand is based on genuine reasons (effective transportation system, recognize school systems, etc...) and sustainable in the short/medium term would increase the likelihood of any forecast.

There are 3 zip codes in Edison (08820 North Edison, 08817 South Edison, 08837 Clara Barton and other neighborhood.).

08820 North Edison from an average home price perspective is the most expensive one ($500,679) for 2011 (calculated in January from the Middlesex County MLS for homes only).
YTD the average home price is $503,365 (Single family homes only. Calculated for 2012 YTD on Sunday 03/04/2012) with a fairly good Sale price Vs List price of 94.3%).
So we are seeing a price increase already.

Will this Zipcode keeps on appreciating in the next 5 years? time will tell... - Wed Mar 14, 2012
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