Summit, NJ Real Estate News

By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
The highly desirable city of Summit NJ is the place to be according to latest studies of home buyer trends.  It is one of the most heavily searched towns when it comes to looking for Real Estate in New Jersey on the internet!!To see this picture and others take the walking tour of Summit NJ's downtown . The reasons are clear:Summit NJ has great transportation options.  You can take the Midtown Direct Train line of New Jersey Transit into New York City Penn Station, and be there in 38 minutes.  I78 is just a couple of miles to the East.  I287 is just a hand full of miles to the West.  Highway 24 Borders Summit on the North side.  By car during off peak periods you can be in Manhattan in 30 minutes or less.Summit NJ has a Great 1950's style downtown.  There are so many wonderful shops, re...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
CNBC Talking Heads Say Time For Bargain Hunting in some local Real Estate Markets.Hello Everyone,The talking heads on CNBC have been commenting almost without end on the state of the real estate markets and lately on the Sub-Prime & Alt-A mortgage inspired credit crunch among the real estate mortgage lenders.This week it seemed like the tone of their comments seems to have changed a little. They have had several market commentators on (They think of themselves as experts) talking about how, especially in the North East, especially the NYC and North East New Jersey the real estate slow down started before the rest of the country, and how this area is coming out of the slowdown ahead of the rest of the country. One of the commentators, a long time large real estate investor, stated that i...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
What is happening in the Summit NJ Real Estate market? Home sales are picking up, and the number of new homes being listed is not matching the number being sold.  The markets here for Summit NJ Real Estate are seeing improvement every week since mid may of this year.  The local real estate markets in Summit NJ and surrounding communities of New Providence NJ, Short Hills NJ, Chatham NJ & Madison NJ are all seeing consistent recovery.  Never mind what the national news is saying, there numbers are very heavily influenced by California, Arizona, Nevada, & Florida where the real estate market is a total disaster compared to New Jersey & Union County's real estate market.Here are the actual homes which sold August 1st - August 21st 2007 Here in Summit NJ 07901.Address List Price StyleBedsBa...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
Announcing the latest place for relevant information on Summit NJ and Summit NJ Real Estate.Here you will find lots of great information on the Summit NJ Real Estate Market as well as great schools information, home staging information, local market reports, and much more.Summit New Jersey is such a highly desirable place to live, along with the surrounding communities of Chatham NJ, Short Hills / Millburn NJ, New Providence NJ, & Springfield NJ.Home buyers, put Summit NJ on your list of great places to live.  Living in Manhattan, Summit NJ is just a short 38 minute commute into New York City's Penn Station via New Jersey Transit, Midtown Direct Line.James BoyerRealtor AssociateKeller Williams Real Estate488 Springfield AveSummit, NJ 07901James Boyer never to busy to accept and give exp...
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By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
         Summit, NJThe City of Summit, established in 1899, is a mature and picturesque suburban community located 35 miles due west of New York City. At 450 feet above sea level it is one of the highest points within a 25-mile radius, has an abundance of resources and is rich with history and culture. The Leni-Lenape Indians were the area's first settlers, followed by the Dutch in the 1600's. The English took claim of the settlement in 1664. During the Revolutionary War, Summit was known as "Turkey Hill". George Washington rode his horse from Morristown through Madison to Summit for the purpose of observing the movements of the British Troops. General Information Incorporated:Population:Area:County:Websites:189923,1496.05 Sq. Mi.Unionhttp://www.ci.summit.nj.us/home.cfmhttp://www.unionc...
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By Diane & Cory Robinson
(Lois Schneider Realtor)
The Summer doldrums are almost over here in Summit, NJ.  Families are wrapping up their days of sun and sand at our wonderful New Jersey beaches, getting ready to return to school, work and to resume their interest in house hunting.  So Sellers, get out your paint brushes, ladders, and dust pans and spruce up your homes for our Fall Market.  Second only to the late Winter/early Spring Market, this period of time between Labor Day and Thanksgiving offers Buyers and Sellers a window of opportunity in this Summit, NJ area real estate market before the Holiday Season begins.With Buyers, first impressions count.  A small investment in time and money will give your home an edge over other listings in the area when the time comes to show it to a prospective BuyerWe have lots of tips on prepari...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
July 2007 Real Estate and home sales for Summit New Jersey.Address List StyleBedroomsBathroomsGarageBasement Sold DOM768 Springfield Ave-E-8 $   385,000.00 TwnEndUn22.11Y $   370,000.00 28412 #20 Morris Ave (Bldg 3) $   399,000.00 OneFloor220N $   382,500.00 161768 SPGFLD AVE -APT C7 $   399,000.00 TwnIntUn22.11Y $   385,000.00 36133 Summit Avenue Unit #2 $   400,000.00 FirstFlr211Y $   375,000.00 12067-75 New England Avenue-71C $   449,000.00 FirstFlr211Y $   450,000.00 78104 KENT PLACE BLVD $   535,000.00 Colonial31.11Y $   540,500.00 2113 Dorset Lane $   575,000.00 Ranch211Y $   555,000.00 4410 Euclid Avenue $   579,900.00 OneFloor221N $   555,000.00 10323 RIDGEDALE AVE $   599,000.00 Colonial31.12Y $   599,000.00 9816 Ridgedale Avenue $   619,000.00 Colonial321Y $   636,500.00 839 E...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
There are currently 116 single family homes on the market for sale, which is down slightly from the 128 last month.Although prices in general have trended slightly lower, Summit still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes. However,  I expect days on market to continue to rise for homes that are priced too high. On the flip side, the homes that are priced well are often times selling for MORE than the asking price.With its excellent school system, and Midtown Direct train, Summit NJ is one of the premier housing options for Union County, NJ.There were 31 properties that closed in June in Summit, which is 5 less than one month prior. The average...
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By Diane & Cory Robinson
(Lois Schneider Realtor)
Well the bridge construction has finally started on Springfield Avenue between City Hall and Kent Place Boulevard in Summit, NJ already causing some minor delays and irritation.  The work being performed will replace the bridge that spans the NJ Transit Railroad.  The bridge is now closed to all vehicles and pedestrians for the duration of the construction process.  Eastbound Springfield Avenue traffic will be detoured south onto Morris Avenue, east onto Broad Street, and North onto Maple Street to return to Springfield Avenue east of closing. Westbound Springfield Avenue traffic will use the same route but in the reverse order.  A temporary U-turn at Kent Place Boulevard and Springfrield Avenue has controlled some of the traffic problems.  The bridge is expected to re-open in November ...
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By Diane & Cory Robinson
(Lois Schneider Realtor)
Real estate is a national concern but each market is unique.  Our lovely corner of New Jersey is approaching that state of balance between buyers and sellers that spells a healthy market.  At present, the inventory of unsold homes does provide buyers some advantage.  But overall, our market is strong, thanks to low mortgage rates, a strong local economy, appealing towns and no opportunity for overbuilding.  If you're thinking of buying or selling a home, drop by our beautiful office in the heart of downtown Summit.  You'll soon see why Lois Schneider Realtor is known as The First Name in Fine Propeties.
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
Summit New Jersey July 7th - July 21st home sales. ADD List StyleBedroomsBathroomsGarage Sold DOM412 #20 Morris Ave (Bldg 3) $   399,000.00 OneFloor220 $   382,500.00 16123 RIDGEDALE AVE $   599,000.00 Colonial31.12 $   599,000.00 9816 Ridgedale Avenue $   619,000.00 Colonial321 $   636,500.00 867-75 New England Avenue, 69C $   889,000.00 OneFloor331 $   889,000.00 011 WALDRON AVE $1,075,000.00 Colonial532 $1,075,000.00 14616 Hillside Avenue $1,095,000.00 Colonial631 $1,080,000.00 766 Plymouth Rd. $1,349,000.00 Colonial52.22 $1,349,000.00 53106 Prospect Street $1,585,000.00 Colonial53.11 $1,585,000.00 2053 HOBART AVENUE $1,695,000.00 Victrian63.12 $1,805,000.00 925 Norwood Avenue $1,795,000.00 TwnEndUn43.12 $1,625,000.00 256183 Springfield Avenue $1,895,000.00 Victrian44.12 $1,825,000.0...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
There are currently 128 single family homes on the market for sale, which is exactly the same number as one month ago.Although prices in general have trended slightly lower, Summit still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes. However,  I expect days on market to continue to rise for homes that are priced too high. On the flip side, the homes that are priced well are often times selling for MORE than the asking price.With its excellent school system, and Midtown Direct train, Summit NJ is one of the premier housing options for Union County, NJ.There were 36 properties that closed in June in Summit, which is 13 more than one month prior. The ave...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
 July 1st though the 7th home & real estate sales for Union New Jersey.ADD LP StyleTRMSTBRSTBTHGAR SP DOM1981 CHURCHILL DR $289,000.00 CapeCod5311 $283,500.00 221117 JEANETTE AVE $325,000.00 CapeCod6421 $330,000.00 30389 Sherwood Road $349,999.00 Colonial5211 $340,000.00 22740 COLONIAL ARMS RD $379,500.00 SplitLev7321 $375,000.00 129508 ROSEWOOD DR $388,000.00 TwnIntUn722.11 $375,000.00 362981 WILLARD PL $415,000.00 SplitLev732.11 $398,000.00 25722 Midland Blvd. $449,900.00 Colonial731.12 $432,000.00 121382 Pitcher Terrace $519,000.00 SplitLev9322 $505,000.00 13  The First week of July continues to show that homes and other Real Estate are selling in Union New Jersey.  The date also continues to show that the buyers will make offers on a home quickly if the see value in that home.  How ...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
Summit NJ Real Estate and home sales for the first week of July 2007.ADD LP StyleTRMSTBRSTBTHGAR SP DOM133 Summit Avenue Unit #2 $   400,000.00 FirstFlr5211 $   375,000.00 12013 Dorset Lane $   575,000.00 Ranch6211 $   555,000.00 4410 Euclid Avenue $   579,900.00 OneFloor6221 $   555,000.00 103299 Ashland Road $   699,000.00 Colonial942.12 $   699,000.00 10169 Beekman Road $1,395,000.00 Colonial1153.12 $1,350,000.00 2325 Norwood Avenue Unit 10 $1,495,000.00 TwnIntUn932.12 $1,450,000.00 5222 HIGH STREET $1,645,000.00 Colonial12542 $1,710,000.00 104 The First week of July continues to show that homes and other Real Estate are selling in Summit New Jersey.  The date also continues to show that the buyers will make offers on a home quickly if the see value in that home.  How do you help a b...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
 Summit New Jersey Home Sales, June 2007 ADD LP StyleTRMSTBRSTBTHGARBSMT SP DOM390 Morris Avenue Unit 36 $       319,900.00 OneFloor4210Y $   310,000.00 226390 MORRIS AVE UNIT 38 $       359,900.00 OneFloor5211Y $   359,900.00 2067-75 New England Avenue-69B $       389,000.00 OneFloor4210N $   389,000.00 2767-75 New England Avenue, 71D $       409,000.00 OneFloor5211N $   409,000.00 42777 Springfield Avenue $       440,000.00 TwnIntUn622.11Y $   437,000.00 519 BALTUSROL RD $       529,000.00 Colonial841.12Y $   525,000.00 4584 SPRINGFIELD AVE $       545,000.00 Colonial841.11Y $   540,000.00 10131 RIDGEDALE AVE $       549,500.00 Ranch6321Y $   535,000.00 5553 Madison Ave. $       579,000.00 Colonial731.11Y $   530,000.00 73174 COLONIAL RD $       689,000.00 Colonial731.11Y $   685,000....
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By Denise Broesler
(RE/MAX Properties Unlimited)
My blog has moved to http://Westfieldchat.com 
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
There are currently 128 single family homes on the market for sale, which is exactly the same number as one month ago.Although prices in general have trended slightly lower, Summit still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes. However, with so many new listings, I expect days on market to rise for homes that are priced too high.With its excellent school system, and Midtown Direct train, Summit NJ is one of the premier housing options for Union County, NJ.There were 23 properties that closed in May in Summit, the average selling price was $1,184,565 and the average days on market was 79. (according to Garden State MLS Statistics)Prepared By:Sean...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
There are currently 128 single family homes on the market for sale.Although prices in general have trended slightly lower, Westfield still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes. However, with so many new listings, I expect days on market to rise for homes that are priced too high.There were 19 properties that closed in April in Summit, the average selling price was $1,028,842 and the average days on market was 86. (according to Garden State MLS Statistics)Prepared By:Sean Carroll - RealtorRE/MAX Classic GroupServing Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your Realtor!http://www.GoCarrollTeam.comhttp://www.thec...
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