Sales activity of all homes have dropped. The average home price has been declining approx 1% per month for the last 3 years. Waterfront homes tend to hold their values better due to location, however higher taxes assessed on waterfront properties can deter buyers these days.
Quality and value sell in all markets. Presented properly and priced for the current market, homes sell when marketed widely.... more
The market has slowed a bit and properties are taking longer to rent. This is true throughout the area. There is one really nice building on Route 10 in Succasunna that has to have been vacant for 18 months. And it's brand new! Definitely a slow market right now. If you have any other questions, don't hesitate to contact me through my website. Good luck Jen!