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Market Conditions in 07024 : Real Estate Advice

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  • Local Info4
  • Home Buying13
  • Home Selling7
  • Market Conditions2

Activity 8
Tue Oct 6, 2015
Jeanne Feenick answered:
Markets are local, and so you will get more specific feedback from a Ft Lee agent, but I will comment more generally on conditions I am seeing in Somerset County. I just blogged a post regarding activity in Warren and Basking Ridge - both performing well this Spring. Basking Ridge in particular is performing well with only 4 months of inventory or put another way, properties are moving in about 4 months on average. So our local market is moving well - IF the properties are priced well. If not, the will sit and linger unsold, awaiting an price reduction that corrects the pricing issue.

Market is moving - but not climbing. Moving comes first, and tells me that the correction is over in some areas and nearly over in others. I see stabilization and then modest growth over the next few years.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
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Thu May 24, 2012
Robert Cho answered:
Tue Jul 19, 2016
Allegra House answered:
Hi Michelle,

Thank you for your Trulia question. It seems like your question is directed from a seller's point of view.There are a variety of factors when determining the selling price for your Fort Lee Co-op. Real estate in this market is quite challenging and it is best advised that you have a real estate professional visit your co-op and discuss the best price based on the condition, location and your personal goals. My office is conveniently located in Fort Lee, NJ or you could contact me at my office (201) 585-8080 ext. 211.

I hope that this response helps you a bit and please visit my company's website to see co-op's that are currently on the market. I'll be happy to speak with you about this in more detail when you are ready.

Best Regards,

Allegra T. House, Real Estate Agent
Prominent Properties Sotheby's International Realty
1608 Lemoine Avenue
Fort Lee, NJ 07024
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Sun Mar 9, 2008
Sharon Kozinn answered:
If you send me your email, I can email that information to you. You can reach me at sharon@sharonsellsnj.com

Sharon Kozinn
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Wed Feb 20, 2008
Sharon Kozinn answered:
Dear Dave,
I can get you all the sales for the past year. Please email me through my website with your email and I can send that to you. If there are fluctuations, you will be able to see any price change trends through this info.
Sharon
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Mon Jul 9, 2012
Sharon Kozinn answered:
Tom,
I just checked our MLS and there are 35 co-ops for sale in Linwood park. They range in price from 69,900-110,000 for studio apartments. If you contact me through my website (below) I can email you all the listings and check for any open houses for you. I look forward to hearing from you.

Sharon Kozinn
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