Hello Daisy,

Good Morning. Jeannie was correct with the advantages of townhomes. I would just like to provide some local data for Freehold. There are 24 townhomes under contract and 51 single family homes under contract. Since Jan. 1, 2009, there have been 50 condos that closed and 107 single family homes that closed. As a local realtor, in Freehold, condos/townhomes are priced well for the first time homebuyers. If you need any further assistance, please fell free to call or email me. I would be glad to assist you. Freehold is a great place to live.

Best Regards,
Pamela El-Ghoul
626 Rt. 9 Freehold NJ
Office 732-577-0440
Cell 732-236-8608 for fast reply
pelghoul@weichert.com

Hi I live in Freehold and single family or townhomes can be purchased for under $250,000. The size of the home and the number of rooms will be the deciding factor. Also, it depends on whether you will be living in it or using as a rental property.

Hi Daisy10, I am asked this question often. A benefit of a condo/townhome is that it appeals to two buyer pools - first time buyers and downsizers. In my area, most condos/townhomes are in the lower price band that is selling very well now with the elevated activity level among first time buyers who are motivated by the Federal Tax Credit and trying to find, negotiate, and close on the sale prior to midnight 11/30 (that deadline is coming fast - most deals are taking 60 days to close so no dilly dallying....;-) The same can be said for lower priced homes however, their rate of sale has also picked up as first time buyers - and investors - pick them up. But overall, I'm finding in Somerset County that the rate of sale (ie, months to sell) is stronger (ie taking less time) among condos/townhomes than single family homes in the same price point. I attribute this to the following dynamic....

Wat I am finding among many of my first time buyers is that while we begin our search looking at both, they are often disappointed by what their money will buy in a single family home, and so their search begins to favor townhomes - where they are apt to find something newer and in need of less work.

As the prior poster points out, so much depends on what works and appeals to you. Community living comes with restrictions as well as advantages/amenities so just be sure you understand what you are getting into. However, I return to my first point, from a resale standpoint, an advantage for condos/townhomes is that they will always have an appeal to two buyer groups - first time buyers and down sizers.

Good luck to you!
Jeannie Feenick
"Unwavering Commitment to Service"
Search the MLS at http://www.feenick.com

Since townhomes are generally structures that have units that share common structural walls it is in many way similar to residing in a condo unit with perhaps a little more space and a small yard.
The benefit of owning either depends largely upon your personal preferences and needs from your accomodations.

From a national perspective single family homes are currently selling better than condo/townhomes.

Best wishes,
The Eckler Team