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What areas in Edison are likely to appreciate in the next 5 years?

Asked by Trulia, San Francisco, CA Fri Mar 9, 2012

What potential local factors could contribute to this appreciation?

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Just,

As Poonacha said the market is tricky at best and there is no crystal ball to make any predictions. I will say that Edison has been doing a bit better than some other surrounding areas. That's because the number of foreclosures and shorts sales are relatively small in relationship to "regular sales".
Keeping value, and appreciating in value, in general also relies on location as far as proximity to public transit to NY , Philly, Trenton etc, access to highways, and of course school systems.
1 vote Thank Flag Link Fri Mar 9, 2012
It depend on your requirment and your jon situaations, how soon you need to move out of the home.what is market value at that period of time.
Talking about edison great place to live and i am here since 1980 and i see,appricaition in real estate
by 10 to 15% depend on the property.
compare to other states we have very low percentage of short sales and forclosures.
good school always appriciated by parents.
for more information please visit
http://www.northedisonhouses.com
or can call any time 732-910-8559
0 votes Thank Flag Link Wed Mar 14, 2012
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...
0 votes Thank Flag Link Wed Mar 14, 2012
It depends on a lot of factors. No body has a crystal ball to predict which way the price will go.
0 votes Thank Flag Link Fri Mar 9, 2012
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