If you take a look at Edison Hollow South http://raspberryct.blogspot.com/ condos that can walk to Edison Train Station, you know that condo or townhouses can walk to train station will continue to be in high demand. Yes, EHS is now SOLD OUT!!!!

Even more crazy, Mike at bldg 19 told me that he just placed a rental ads in Sulekha.com and over 50 people calling want to rent, and, of course, the major reason is many people do not have car and living in Manhattan is too expensive. So, places can walk to NYC train is in great demand ...

So, you think one example is NOT convincing? Ok, one more Edison Manor right next to EHS has townhouses and also SOLD OUT!!! Let me know if any of our top Trulia realtors can get a listing in those communities.

Need more? ok, University Heights at Piscataway also sold the last one and now SOLD OUT! and Aspen Manor just sold one more, and 2 left to be sold out....etc.

I am pretty much sure that the townhouse community you mentioned above (gee! what is the name of the community? I am interested in too!) will have a "more dollar value". I would not use the word "appreciation", but due to the weaker dollars, you can see the dollar amount will be MORE in next 2 years...

Take a look at the oil price to over $103, all time high, will it keep going up? If it will, there is NO reason why condo/townhouse will NOT. As a rule of thumb, you pay about 100,000 gallon gas to trade a 2br condo in Edison area, so now the gas is about $3, so $300,000 for 2br 2ba condo in Edison is what you will expect.

For South Amboy, you need to figure out how many gallon of gas to trade a 2br townhouse.

Proximity to the train station will make your unit easier to sell when the time comes. There will be a premium for the benefit of the location at the time you purchase and also at the time you sell. While no one can predict with certainty, appreciation rates are not expected to be high in the coming 2 years.

I wish I had that Crystal Ball !

Seriously, you do realize that no one can predict what is going to happen. I have sold a few properties in South Amboy and I am positive that the area will continue to grow.

Growth = Value Value is good.

The easy access to NYC and the great water views in South Amboy are selling points that will continue to be favorable to South Amboy. Some 3 bedroom town homes (water view locations) in Light House Bay have brought in over 700k... some did well in the mid 600's and now there are a few great buys in the low 500's.

The best anyone can do for you is give you comps and then you have to make your descision.

Let me know if you are interested and I'll send comps.