General Area in 07108>Question Details

Violet, Home Owner in 07108

how is the buying market in Newark in the past 6 months?

Asked by Violet, 07108 Tue Jul 5, 2011

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Violet - For some reason the "6 month part" didn't come up on my phone. But I checked the multifamilies (2-4 families) on my laptop. As I stated, in the last 6 months the majority of retail sales have been new and newer construction (built post 2000?). Most of them were in North Newark and the Ironbound section.
0 votes Thank Flag Link Tue Jul 5, 2011
Hi Violet. That depends on the specific area in Newark (Ivy Hill, Clinton Hill, south ward etc.) as well as the residential property types (existing single families vs. 2 or 3 family homes, new construction etc).

The ironbound, ivy hill, No. Newark and certain sections of Weequahic are doing good. I see a lot of investment activity in some of the other areas like Clinton hill and the south ward but not much retail sales except for new and
0 votes Thank Flag Link Tue Jul 5, 2011
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