Attention New Jersey Voters, Political Rant Coming Right At You!!

New Jersey on Sunday became the second state to enter a compact that would eliminate the Electoral College's power to choose a president if enough states endorse the idea.

Governor Jon Corzine has signed legislation that approves delivering the state's 15 electoral votes to the winner of the national popular vote. The Assembly approved the bill last month and the Senate followed suit earlier this month.

What does this mean for New Jersey's presidential vote?  It means that it really does not matter who wins the state wide vote, if the national vote winner is from the other party, the presidential candidate who lost New Jersey's vote wins New Jerseys vote.  

Have you every heard of such a…

Why would there be no cities from New Jersey in such a survey??

New Jersey Governor Jon Corzine Please Read

There are many reasons:

• New Jersey is made up of many great small towns such as Summit NJ just over 20,000 people
• New Jerseys biggest town Newark is in the beginning stages of a huge redevelopment plan
• New Jerseys Governor does not seem to understand that a continually growing state government is driving good paying jobs out of the state.  In fact New Jersey Governor Jon Corzine seems to be in denial about the whole subject.
• The New Jersey legislature seems to have no real working knolledge of how economics work.  They just want more taxes.
• Many of the local town governments in New Jersey seem to have a greedy child…

With high gas prices ever worsening traffic many people are wanting to make a change. 

Towns like Morristown New Jersey are making it possible to live without a car for the most part.   With many homes within walking distance of Morristowns downtown and central green it becomes much easier to just walk a few blocks to the store  or that 3 or 4 star restaurant, or to the theaters.  The Morristown train station is just a short walk from downtown Morristown NJ as well.  From the Morristown train station you can connect to the Midtown Direct Line and be in Manhattan NYC in no time at all.

There are plenty of new construction condos going up in Morristown as well.  Some of them would qualify as Luxury Condominiums such as Vail Mansion and Dehart Place.   More…

Florham Park NJ, A suburban town surrounded by other New Jersey suburban towns was the scene of the capture of a rabid raccoon yesterday.  

When most people think of places like Florham Park, Madison, & Chatham they do not think of the many forms of wildlife which abounds in these areas.  Protected from many of their natural enemies the deer florish as well as many other types of animals.

If you want the convenience of being able to be in NYC in 40 minutes or less(Using the Midtown Direct Train Line) but still live in a peaceful area which is closer to nature, where you can see the deer run through your yard from time to time, Come to places like Florham Park, Madison & Chatham.  You will enjoy the natural beauty but also the lower property taxes and…

For much of the 1980's though about 2005 people in New Jersey and moving to New Jersey had a preference to moving to the outstate suburbs.  This meant cheaper housing, lower taxes, nicer newer houses, and in many cases living almost a rural lifestyle highly dependent on cars and road systems which were designed in the 1960's and 1970's for a 4th as many people as live in many of these areas today.

For the past few years we have been seeing the opposite happen.  Home buyers are showing a strong preference for train line towns.  Preferring to go to towns like Madison NJ, Chatham NJ, Summit NJ, Maplewood NJ, & South Orange NJ and staying away from towns like East Hanover, West Orange, ... because of the lack of good train service into New York City and…

So what did I learn about our local real estate markets from the Otteau Valuation Group?  I learned that in New Jersey people are moving back to the train line towns.  So for towns like Madison NJ, Chatham NJ & Summit NJ home prices are holding up quite well. 

While some parts of New Jersey have 12 or more months supply of homes on the market, Madison NJ currently has 4 months supply and Chatham NJ currently has 3 months supply and Summit NJ currently has 4 months supply.  While I assure you it is not a sellers market in these 3 towns, generally you have a even market when you have about 6 or 7 months supply of homes for say in a given town.

With fuel prices remaining high, and commuting times by car ever increasing look for this trend to continue, and…

Thinking of buying a New Jersey Luxury Home?

But you would like reasonable property taxes?  Come home to Morris County New Jersey.  Here you can purchase Luxury NJ Real Estate and pay property taxes more like your average Essex County Short Hills home.

In Morris County you can find homes similar to the home pictured for $1,000,000 to $2,000,000 verses paying $3,000,000 or more in Essex and Union Counties.  The home pictured is 6 Bedrooms 6 Baths about 7500 Sqft and stunning to say the least.  It sold for about 1.4 million dollars.

When thinking of buying or selling a home in Morris County New Jersey be sure to give James Boyer REALTOR a call 973-647-0253.  Your Professional Morristown Real Estate and surrounding communities expert.

To see the 2007…

Summit NJ Real Estate Sales Better In 2007

Homes in Summit NJ sold at a slightly higher rate in 2007 than in 2006.  You might be saying what, wait a minute but the news has been telling me all year how bad the New Jersey and National Real Estate Market is.  Well that is just it, there is no such thing as a national real estate market, and there really is not such a thing as a New Jersey Real Estate Market.

All Real Estate is local.  The market for real estate in Summit New Jersey in 2007 was decent, not great, not bad.

Here are that actual numbers as compared to 2006

                                                                                             2006               2007

Average Summit Sale…