Our office services both Montville and Boonton Twsp. and I know them well.
They are two of the three premier towns in this area (Mt. Lakes being the other).
Both towns have lovely homes, very good schools, excellent recreation programs etc.
Also Montville was rated the # 13 town in the U.S to live a few years ago in Money Magazine.
If you would like further info. on these towns, contact me. I'd be glad to send some literature to you.
Everyone you speak with has a different answer to this question. To be safe we are looking at 2003 prices but there are also many variables. The thinking today is that you must price your home to sell, or power price it to get even more interest which has been shown to drive the price up. Pricing your home is imperative as the market is still in a decling mode and you don't want to miss your opportunity and to generate interest.... more
Boomers who live in McMansions may choose to downsize. I expect the retirement induced sales to impact the McMansions which do not have other strengths to support the value. For example, properties close to water, or waterfront, or close to a town that has steadily held value for years, will continue to hold. Not all retiring boomers will be moving from McMansions to retirement communities. For those retiring boomers who live in median priced housing, it is reasonable to expect the buyers to absorb that inventory. It is the higher end inventory in locations that are second tier in demand factors that have greater cause for concern.
Fred....I don't understand the excitement and rush to congratulate John for "pouncing". I didnâ€™t know this was a forum for tally counts of who can one-up another, or pounce upon one another. Frankly, I appreciate diversity in opinions and do learn from it. But, I don't appreciate disrespect, attacks, or side line rah-rahs as if one were attending a boxing match.
Deborah Madey - Broker
Peninsula Realty Group