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Market Conditions in Hunterdon County : Real Estate Advice

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  • Local Info6
  • Home Buying6
  • Home Selling0
  • Market Conditions1

Activity 13
Tue Nov 17, 2015
thinz answered:
Depends on the pricing. See a local agent and ask for the PAST SOLDS for the specific location you are looking at for the past 2 years. I say 2 years in the event you are looking to see the trends for selling in the fall or winter....gives you more data to check for DAYS ON MARKET/LISTED.
Really though, comps for the past 6 months are better but the problem is you can't compare days on market in the spring/summer to fall/winter...so I think it is better to go further back to get a good feel for the colder months...Tom Hinz www.shortsaletosell.com
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Mon Jul 7, 2014
Cecelia Bogart answered:
Backhus Estates are located in Lebanon Township (not Lebanon Boro), NJ. The schools are Lebanon Township Schools: Valley View Elementary, and Woodglen Middle School. The High School is Voorhees High School which is a sister school with North Hunterdon High School (same Board of Education, different sending district). All the schools are excellent and award winning schools! I have had numerous clients who have Sold & Bought in the Township. It is an absolutely beautiful area, very wooded and peaceful, located in the Northern section of Hunterdon County. For more information on schools, please visit my website at www.HunterdonDreamHomes.com.

Best Wishes!

Cecelia Bogart, Realtor
Award Winning Agent
Real Estate Expertise & Interior Design Specialty

Weichert, Realtors
908 894-0500 Cell-Cecelia
cbogart@weichert.com
www.HunterdonDreamHomes.com


NJAR Circle of Excellence 2008 - 2013
2013 & 2014 Five Star Real Estate Professional Award: (Top 1% of NJ Realtors as selected by Clients) N J Monthly Magazine
Weichert Top Producer, Ambassador Club, Million Dollar Club (Top 3% of all Agents)
SRES (Senior Real Estate Specialist)
SFR (Short Sales & Foreclosure Resource Specialist)
Relocation Specialist
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Sat Jan 25, 2014
Galina Peterson answered:
Sharon,

2013 taxes were $9,960. Let me know if you need any further information.

I can be reached at galina.peterson@foxroach.com

Galina Peterson
0 votes 1 answer Share Flag
Thu Aug 8, 2013
Wayne F. Smith answered:
Good Morning, I have listed and sold many properties in the Flemington area of the course of my 10+ years as a Realtor. This property recently settled (7/31/13) for $661,500. There are others in the area that are available and I can seek them out for you if you are looking.
Wayne Smith
Weidel Realtors
908-797-8027
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Tue Aug 6, 2013
Katrina Vitale answered:
According to the listing, the taxes are $6,455.
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Wed Apr 11, 2012
Bethe Frazer answered:
Hi Mike,

Price per acre for residential land can depend on a few things such as raw land, or does it have improvements, access to public utilities or needs a septic design. The cost can vary and suprisingly you can have a 2 acre lot selling the same as a 1 acre lot in some instances.

You don't necessarily get that much more unless it's a substaintial difference. You can get a better overall land value assessment by also adding in other towns such as Franklin Twp., Hunterdon, Lebanon Twp., Bethlehem Twp. where there have been some land sales.
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Tue Sep 14, 2010
Jeanne Feenick answered:
Hi Pat, only you can answer that question. I don't expect market conditions to change markedly any time soon, and making a living hinges on your ability to work hard and dedicated your time to your business. I'd weight the expenses (E&O, MLS fees...) and decide whether the potential earnings on your friend's business makes it worth your while. I would base your decision on your readiness in a more general sense to activating your business rather than a one off possible opportunity.

Good luck,
Jeanne Feenick
Unwavering Commitment to Service
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Sun Jul 18, 2010
Marc Paolella answered:
$100-$200 per square foot for a nice Colonial with the usual trappings. $150 would be typical.

-Marc

Marc Paolella
Relocation Director/Appraiser
Century 21 Joe Tekula Realtors

Phone (direct): (973) 584-4235
Coolest map-based home search: www.marcpaolella.com
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Mon Aug 31, 2009
Wayne F. Smith answered:
I live in Wast Amwell and have listed and sold many homes in the immediate area of the Sourlands. Like many areas, the buyers come from diverse areas. Some NYC folks looking for the "weekender" and there are a number of thm that actually are the cyclists that we see (and try to avoid) everyday on the roads. During recent Open Houses I noted a good percentage of those out and about actually work at or for Princeton University since the southern area of E.Amwell falls within the mileage guidelines for the University sponsored mortgage plan. We love the area and are proponents of the live style and beauty, however, some of the restrictions, especially in the "mountain region" are viewed as a negative to some.
Hunterdon County as a whole (except Flemington/Raritan Twp.) has experienced a slower market than say Somerset County a sit's a bit further west. In a recent Otteau Report they listed the 10 worst market areas in the state and unfortunatelt Hunterdon County and a large number of Townships listed (West Amwell was #10 as an example, Kingwood and 2 others).
What does the future hold? I can't say for sure, other than if you see a property you want...get it. If your looking to sell..price it correctly. The overall recovery will be years in the making for Hunterdon County as a whole.
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Mon Mar 30, 2009
Edith Karoline Jasser answered:
Hi Kathleen,
This is certainly a big decision at any time of the market, and most families will think first and foremost, how safe is my employment and then go to the next step.....


Let me just share with you what I usually tell my clients in similar or different situations when they have to make decisions like that:

I think this may be a good time for first time home buyers because of low interest rates, lower purchase prices, lots to select from and the tax credit....... but their employment needs to be as safe as it is possible these days, they must have a solid down payment and some back up money - I always suggest!

Now for those who need to sell their current home to buy another home, I always say it is the wrong time if you want to downgrade, it is the wrong time if you want to buy a like property just somewhere else etc.

But if you are upgrading, i.e. you are moving to a much bigger home, larger lot, newer home, then this may also be a good time for those clients, simply because if they have to sell their current home for less than they would have expected a few years back because of the current market situation and the economy, they will make up that difference and more when they are buying the next bigger and more expensive home.
If they are getting 10 % less on the sale of a 400 K home = 360 K 40,000 less
When buying an 800 K home for 10 % (and sometimes higher priced homes
even a higher percentage because the seller reduced the price several
times and then you can still negotiate but let's just stay with 10 % to make the point
you would be able to buy that home for at least 720 K which reresents 80,000 $ (or better as I explained before)
But remember, you must consider your commission to the Realtor selling your home and your closing costs on both homes the purchase and the sale....
If you are buying a larger home, you will have not only a higher loan payment, but you will most certainly have higher taxes to pay and it will cost you more to heat and cool the home....

Hope all this will help you think it through, the best thing is to sit down and put all the numbers honestly together, and if you need the help of a local agent, by all means do so and once you see all the numbers including electricity, gas, closing costs etc. in front of you, the two of you together will be able to make a well educated decision. Your Realtor will also be able to explain time on market conditions in your area to you, so that you get a feeling for how long your property may be on the market for sale before it gets an offer/contract....

Good luck to you, I know it is not an easy decision, but the lower prices on a larger property, the low interest rates and the need for more space, must make it very tempting.

Take care
Edith YourRealtor4Life! Working always in the very BEST interest of her clients!
edithsellshomes@gmail.com
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Fri Feb 20, 2009
Jeffrey Vroom answered:
Hi Megan,
I am out of the Weichert Clinton Office (#1 in Hunterdon County) and we unfortunately work with short sales every day. I say unfortunately because of the state of the market that has made us very proficient at short sale. Personally I have a home listed right now that is a short sale. Please email me and I'll at least give you some back ground and what to expect.
Sincerely,
Jeff
Email; JeffreyVroom@yahoo.com
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0 votes 1 answer Share Flag
Wed Jul 23, 2008
Wayne F. Smith answered:
Raj,
I think that the inventory level in Carriage Gate (a GREAT developement by the way) may simply be a reflection of the marketplace dynamics over the past 5 years. Prior to 2005, Carriage Gate saw a dramatic increase in market value as did Townsende. I've worked that area for years and saw the ping pong match occur between these two developments. First Carriage Gate saw the increases, then Townsende, then Carriage Gate. Many of these homes were purchased under the interest only ARM period. Those ARM's have now re-adusted so it may be affordability issue. These 2 developments appeal to commuters to the Bridgewater area and a number may be RELO or job related listings. In addition, the Days on Market have increased which has resulted in higher inventory and hence, more homes for sale in any given area versus a few years ago. If I can assist in any way please give me a call. ... more
0 votes 1 answer Share Flag
Fri Feb 29, 2008
Bradley answered:
Hi. Since this posting is from June, what is the average price per sqaure foot now in Feb? Has it changed? Specifically Flemington/Raritan Twp?
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