Newark, NJ Real Estate News

By Manuel Couto, CRB
(Rosa Agency)
Well, the Holidays are upon us, and Realtors and all gathering to discuss the past year.  One thing in common, the market is slow.  Another thing in common, it's going to get better.  That's coming from the older more experienced Realtors. WWW.MCoutoRealtor.com We've been through this before, and as history repeats itself, it's going to be long ride out. But out it will be.  Inventory is not increasing as before, but buyers are still buying and closing on homes. The investors are chomping at the bit as prices keep on dropping. It's a classic Tipping Point. At some time, no one wants to wait anymore and they will buy. Once one starts, they all start. Buy now, rates are low, and maybe going lower.  Don't let this be your would have could have should have market place. Now is a great time,...
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By Manuel Couto, CRB
(Rosa Agency)
Hello Dear Reader.  This blog is a continuation of what I am writing the last few days on my web site  www.MCoutoRealtor.com  I am just commenting on the GOOD part of Real Estate.  In NJ, the NJAR is actively persuing good news.  Any News.  While I agree, it still is hard to agree when you have bills stacked up, but never the less, it's started.    The Investors are starting to come back.  I am getting phone calls from people who have been sitting out the market, and first time buyers looking for a home.  THERE BACK!  Like when the Tuna come in and you can fish the big eyes off Long Island, or when the swallows come back to Capistrano.  The investors are trickling into the market along with the first time buyers.  The first time buyers have a chance to buy at 80's or earlier pricing.  A...
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By Manuel Couto, CRB
(Rosa Agency)
Hello Dear Reader.  This blog is a continuation of what I am writing the last few days on my web site  www.MCoutoRealtor.com  I am just commenting on the GOOD part of Real Estate.  In NJ, the NJAR is actively persuing good news.  Any News.  While I agree, it still is hard to agree when you have bills stacked up, but never the less, it's started.    The Investors are starting to come back.  I am getting phone calls from people who have been sitting out the market, and first time buyers looking for a home.  THERE BACK!  Like when the Tuna come in and you can fish the big eyes off Long Island, or when the swallows come back to Capistrano.  The investors are trickling into the market along with the first time buyers.  The first time buyers have a chance to buy at 80's or earlier pricing.  A...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Newark's residential listings were 592 for the month of August, down from 664 for 2007 during the month of August. The average price was $233,443, also down. New listings for the month came in at 68, down from 121 for 2007. The average price was down 21% at $219,407. Properties scheduled to close were up at 18 with an average price of $206,567. Sales were down slightly, with an average price of $180,000, a 21.5% reduction over August 2007.
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
The art world has found a haven in Newark, New Jersey and during the month of October Newark has been the venue for numerous opening receptions for new exhibitions. The National Newark Building located at 744 Broad Street, is yet another venue to witness the collection of talent from near and afar Until December 5, 2008. Included in the exhibit entitled Gallery 744 are some thirty artists from Iraq, Holland, Gambia, Italy, New York and Newark to name a few. The exhibit is curated by Yoland Skeete, director of Newark's Sumei Multidisciplinary Art Gallery. The show's guests jurors are internationally acclaimed artists Willie Cole and Ben Jones.  Artists chosen for the exhibit, was based upon reviewed submissions. For more informtion call 973-643-1625.                      
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Stephen Crane is the focus of the new Exhibit in Newark entitled The Red Badge of Courage Revisited, curated by Omar-Lopez-Chahoud. Born in Newark, New Jersey on November 1, 1871, Crane became a noted American writer. His genres included short stories, novels, poetry and journalism. Crane's writings tended toward reflections of everyday reality, depicting symbolism of contemporary life and society during his time. Published by the time he was sixteen. Crane's novel Red Badge of Courage is herald as one of his greatest achievements. The novel depicts the life of a soldier during the American Civil War and made into a movie directed by John Huston and released in 1951. One hundred and eight years later, the Newark exhibit calls upon artists to depict contemporary society using the element...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
"The Price of Freedom,"is a multi-media exhibition curated by Jeanne Brasile, which had it's opening on October 25, 2008 at the City Without Walls Gallery (cWOW).The exhibit explores the essence and representation of democracy, freedom and human rights, apropos for this presidential election year. Some of the artist to be featured include: Daniel Alvarado (Red Bank, NJ), John Avelluto (Brooklyn, NY), Gianluca Bianchino (Little Falls, NJ), Kathy A. Budd (Oswego, NY), Jose Camacho (Montclair, NJ), Mary Dritschel (Chicago, IL), Christian Faur (Granville, OH), Leandro Carlos Flaherty (Bronx, NY), Marianne Fourie (Jersey City, NJ), Asha Ganpat (Newark, NJ), Martha Kelshaw (Bernardsville, NJ), Carlos Motta (Bogota, Columbia), Ivan Petrovsky (Wayne, NJ), Ryan Roa (Tenafly, NJ), Liz Rossof (Mil...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Tomorrow is the last day of the Studios Tour presented by Chase. Sunday will be the culmination of a four day showcase of arts related events. Tomorrow's lineup of gospel performances will take place at 482 Washington Street (At the corner of Crawford). The schedule includes 12:00 PM: Integrity House Choir 1:00 PM: YOPAT Newark Idol Youth Contestants 2:00 PM: Gallman's Newark Dance Theater Liturgical Dance Ministry 3:00 PM: Tiara Holt 4:00 PM: Divine Glory Chior visit www.NewarkArts.org for more information        
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
The place is 450 Washington Street in the Lincoln Park district of Newark, New Jersey. The venue is an eco friendly and LEED certified commercial and residential mixed use development. Come and experience the photography of Ronald Herard, Robert Home and Andre Walker. Enjoy the images that have captured R&B and Jazz performers.
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
The yearly Lincoln Park Music Festival will start July 25th and run through July 27th, 2008. The festival will celebrate jazz, gospel, house and hip-hop genres of music. Home Depot has joined the festivities with the sponsorship of a Green Vendor Marketplace where vendors will be on hand selling food and merchandise. Fun-filled skateboard, double-dutch, golf and basketball clinics will be available to the youth. The event planners will also be seeking to impart information on becoming more aware of we can reduce pollution in our environment. The focus will be carbon footprints. For more information visit www.terrapass.com. All of the festivals offerings are free of charge.
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Newark's housing boom is evident the the volume of listings. June 2008 has seen fewer single family homes for sale over June 2007, listings were down by 4.2%. Coincidentally, the average list price was down from $266,000 to $240,000. There were 77 new listings during the month with an average list price of $227,000.  Listings under contract were an average of $184,000 in 2008. Only 24 homes went under contract. Noticeably different was the $170,000 average price of homes sold in June 2008. This is a 31.6% drop in sales price over June of 2007.
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By Gayle Balaban, E. TN Waterfront Real Estate
(The Best Spot Realty/Waterfront Real Estate/Ooltewah Real E)
Map 1910 showing ethnic distribution in Newark, N.J.  Map from 1966 of Newark, N.J. As many of you know I am a native of New Jersey and I was born in Newark in the 1950's.  My parents were raised in Newark and lived there when they were first married.  Many of my relatives stayed there well into the 1970's.  My paternal grandmother immigrated here from Poland when she was only 17 and went from New York to Newark as did many in the Polish community.  My maternal grandparents immigrated here also from the Ukrane.  There were gypsies in my mother's family background.  All of them came in through Ellis Island and I have copies of the records.  As a child I remember visiting my grandmother in Irvington which borders Newark  and was the home of Olympic Park which I had the privilege of visit...
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By Eugene Jones
(Weichert Realtors)
Yesterday our office hosted a seminar at The Robert Treat Hotel in downtown Newark, NJ for The Homes at City Landing. The city of Newark along with public & private developers is bringing homeownership closer to buyers at very affordable rates. The brand new homes start at $225,000. There are certain qualifications that buyers must meet such as:        Annual income at or under $96,370*Annual household income between approximately $61,500 and no more than &96,370*You can't currently own or have owned a house within the past 18 months*You must be willing to be an owner occupant and make this new home your principal residence*You must be willing to accept some resale restrictions on the purchase of your new home* *Terms and conditions subject to change without notice. I felt good greeting...
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By Sal Poliandro - NJ Bergen County Realtor, Broker Associate
(RE/MAX Properties)
Located in downtown Newark, the Prudential Center opened up not too long ago.  For those of you unfamiliar with Northern New Jersey, the Prudential Center is the newest stadium featuring sports and entertainment events.  The sheer size and beauty of this stadium in incredible.  The center will host the NHL's New Jersey Devils, Seton Hall basketball, MISL New Jersey Ironmen indoor soccer, concerts, family shows, special events as well as other professional, collegiate and amateur sporting events.This project is the beginning of a major revitalization project for Newark.  It is the first step toward cleaning up Newark and making it a vibrant and energized entertainment district.  From what I have seen from the Prudential Center I am looking forward to seeing what the local government has ...
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By Cristian Navas, Nutley, Bloomfield, Belleville, etc.
(Coldwell Banker Franklin Realty)
75 Peabody Place, Newark, NJ2 PM to 4 PM  Come and see this beautifully constructed 3 family home for yourself.Units include: -3 bedrooms / 2 full bathrooms -Central Air / Heat -Spacious Kitchens -Balconies -Lots of closet space -Enclosed parking Too much more to list...must see for yourself!!! For more information please click on the below link:http://www.postlets.com/res/73339   If you have any questions or would like to schedule a private walk-through please let me know.Cristian Navas973.902.7242Cristian.Navas@GMail.com 
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
National Association of Real Estate Brokers, Region II (New York & New Jersey) Presents The Real Estate Symposium The Residential Real Estate Market: Current and Future Keynote Speakers:  Diane Johnson - New Jersey Field Office Director, Dept. of Housing and Urban Development John Hill - Area Sales manager, Citimortgage Jacqueline O'Garrow - Vice President, Countrywide Home Loans Cheryl Davis - Vice President, Bank of America  Monday, July 30, 2007 10:00 A.M. Monmouth Room  Hilton Hotel at Penn Station Newark, New Jersey  Admission Is Free  For more information contact: Bill Collins 908-531-4979
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We had our bi-weekly sales meeting today in my office and the manager wanted to emphaize how your attitude can affect your life, overall.  And I just wanted to share this because there's plenty of time I have had negative attitude and I need to practice on turning that negative into a positive.The following was what she shared:Several national tests have revealed the following startling statistics about why people fail on the job:20% Improper training; poor job skills15% Poor verbal and written communication skills15% Poor or problematic boss or management50% AttitudeSounds almost imposiible, doesn't it?People can succeed 50% more if they just change the way they think. Earl Nightingale reveals the secret of a positive attitued in his legendary and easy-to-find recording, The Strangest ...
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By Shirley Farmer
(C21 Pogo Realtors)
Select your  Newark New Jersey property search criteria and choose daily or weekly updates, We'll automatically search the entire local MLS database and e-mail you every listed property in Newark matching your criteria. You'll know about the hottest Newark properties first, often before many Realtors even know about them!To activate your free Newark Automated Home finder Service, click here.If you need to speak to someone live, call me toll-free anytime at 888 I AM LAND (426-5263) or at 973-808-1900
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