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S. Nelson
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President for Appraisal Resources, Inc
October 1993—present
Certified Real Estate Appraiser
Certified Real Estate Appraiser
S. Nelson answered:
I just did an appraisal in Edgemont in the Hills which is on the upper end of that sub-market. Prices for 3 bedrooms are down about 4% from 2007. There's a lot of inventory on the market right now in the Bedminster/Basking Ridge market in the 500,000-600,000 range. You might want to check out some of the newer Basking Ridge condo developments along Allen Rd.
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