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Market Conditions in Plainfield : Real Estate Advice

  • All77
  • Local Info10
  • Home Buying22
  • Home Selling6
  • Market Conditions9

Activity 5
Wed Jun 13, 2012
answered:
I don't know, but your getting more house then other town. Especially in the Sleepy Hollow area. Good luck!!
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Mon Aug 9, 2010
Jeanne Feenick answered:
Hi Kelly, visit the police station and talk to them about the safety of the area - visit the neighborhood yourself at various times of day, weekdays and weekends.

Good luck to you,
Jeannie Feenick
"Unwavering Commitment to Service"
Search the MLS at www.feenick.com
... more
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Mon Jun 8, 2009
Jeanne Feenick answered:
Hi Alison, Generally speaking sellers in our area are still playing a bit of catch up making generalizations about sales price to list tough to make. As you note, it all boils down to the realism of the sellers in pricing their homes, a truism everywhere. I'd be happy to pull together some market absorption statistics for you for the communiities you've mentioned so you can get your arms around how the market is moving.

Let me know if you'd like me to pull some stats for you - I can get at the data via the Garden State MLS and am happy to do it. Can you provide feedback on price point, I can do some finetuning of the data for you.

Happy to help you in any way I can - you can find me online at www.feenick.com

Best,
Jeannie Feenick
... more
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Mon Jun 8, 2009
Gina Suriano Barber answered:
This is actually a good thing! Just a few short years ago, buyers lamented that there was nothing for sale, and they were willing to pay anything to buy -even if the property was less than ideal. Now that there is alot to choose from, buyers wonder if they may be making a mistake. This is the best time to be a buyer! You have so much to choose from, and the sellers know it. You can negotiate a great deal, and with interest rates so reasonable, you will most likely do well when the market eventually turns around. Just do your homework, see what the best values are, and go for it! ... more
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Tue Aug 10, 2010
Dr Cheng answered:
Ok, here is the MLS link I received, and if you take a look at the status field, you see they are under attorney review, and if you click thru the left bottom corner, you see there is another one already under contract, and some already sold... http://msx.mlxchange.com/Pub/EmailView.asp?r=1406597676&s=MSX&t=MSX

If you click on the pictures, you shall see all the photos of those units to get a first hand idea of the units.

I told my father to tell his friend, if Shoprite supermarket can raise orange juice from 99 cents to $1.88, he could rent a 2br condo, instead of $990 a month, but $1,880 a month. Or if Shoprite can raise Apple Juice from 88 cents to $1.50, he could rent a 1br condo, instead of $880, but $1,500. So they all get excited!!!

Don't tell me "rent control", even Governor of NJ is going to raise NJ Turnpike and GSP toll by 50% ... Why can't builders, instead of going bankrupt, but rent out their condo and townhouse at 50% more rent? You, as state governor wants to balance the NJ budget, why NOT builders?

My father's friend think $200,000 1br 1ba condo is too expensive to invest for $1,375 rent, but when I convince him that after NJ Governor increases all major tolls by 50%, he shall have a potential to increase his rent by 50%, to say $2,000 a month. All of a sudden, he said he would talk to many of his wealthy friends in Beijing to come over to invest in real estate in the US.
... more
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Market Conditions in Plainfield Zip Codes

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