I live in Wast Amwell and have listed and sold many homes in the immediate area of the Sourlands. Like many areas, the buyers come from diverse areas. Some NYC folks looking for the "weekender" and there are a number of thm that actually are the cyclists that we see (and try to avoid) everyday on the roads. During recent Open Houses I noted a good percentage of those out and about actually work at or for Princeton University since the southern area of E.Amwell falls within the mileage guidelines for the University sponsored mortgage plan. We love the area and are proponents of the live style and beauty, however, some of the restrictions, especially in the "mountain region" are viewed as a negative to some.
Hunterdon County as a whole (except Flemington/Raritan Twp.) has experienced a slower market than say Somerset County a sit's a bit further west. In a recent Otteau Report they listed the 10 worst market areas in the state and unfortunatelt Hunterdon County and a large number of Townships listed (West Amwell was #10 as an example, Kingwood and 2 others).
What does the future hold? I can't say for sure, other than if you see a property you want...get it. If your looking to sell..price it correctly. The overall recovery will be years in the making for Hunterdon County as a whole. - Mon Aug 31 2009, 08:26