Susan Zanzonico's Blog: Morristown NJ Real Estate

Morristown NJ Real Estate New Construction..

These are interesting before and after pictures in Morristown's Historic District.  Take a look at this home to the left.  Its on 7 Ogden Place and its a 2 bedroom 2 bathroom ranch, a perfectly nice home but nothing special.    A couple things about this home...its sitting on a lot which is .84 acres, dimensions being 125 x 295.  Hmmmm, here in Morristown NJ, builders like wide lots...they put big expensive homes on them.  Now lets look at the location of this home.  Its in the very desirable Historic District of Morristown which is close to town and has many beautiful, large older homes with wrap around porches and slate roofs which easily sell for $1M+.      The most expensive home on the market… Read Full Post

Outdoor dining has become very popular in Morristown NJ. It seems that all a restaurant has to do to give their business a boost is put out a couple of tables and chairs.  One warm day in December and you'll see people sitting in outside areas with their coats on having a bite to eat. 

This love of eating and drinking and just plain hanging outside like it’s your living room is becoming more and more popular.  Magaletta Design Environments in Morristown NJ is having a Home Design and Landscape Show at the National Guard Armory in Morris Township from now until Monday January 21, 2008.  They have a computerized slide show presentation available so you can see some of their previous projects and the beautiful outdoor environments that are  possible within a…

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Morristown NJ home sale numbers are astoundingly close from 2006 to 2007 

I think all the high end luxury town homes are going a long way towards holding the value of properties in Morristown.  It's getting to be like a little New York City here.  Check out these statistics.

Morristown NJ Real Estate

                                                             EOY 2006            EOY 2007

Average Sale Price                                 $463,175             $458,221
Total Homes Sold                                       171                        171
Average Days On The Market                       75                          74

As we head into the new year of 2008, Morristown NJ currently has 108 homes for sale in January 2008.  The prices…

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Summit NJ real estate feels no pain! 

This is an interesting view...end of the year 2006 home sale statistics versus 2007.  As you can see, homes in Summit NJ hold their value.  The mid-town direct train line is very powerful indeed.  

                                                          EOY 2006        EOY 2007

Average Sale Price                           $1,017,629       $1,131,531
Total Homes Sold                                    274                    290
Average Days on the Market                     49                      60

I specialize in Summit NJ, Chatham NJ right thru to Morristown NJ.  As a full-time professional realtor who has lived in this area for 25+ years, I know these towns well and would happy to show you… Read Full Post

Well, here I am on Christmas Day night going over some interesting year-end stats and I thought I'd share them with you.  As we near the end of 2007, we currently have 118 homes for sale in Morristown NJ and 132 in Morris Township.  As of today, 169 Morristown homes have sold and 200 Morris Township NJ homes.  Below is a breakdown of average price ranges and days on the market.

Morristown NJ Home Sale Statistics

Average Sale Price  for a 3 bedroom home - $497,090

Average Sale Price for a 4 bedroom home - $502,953

Average Sale Price for a 5 bedroom home - $812,300

Average Overall Sale Price - $456,637

Average Days On The Market - 72

 

Morris Township NJ Home Sale Statistics

Average Sale Price for a 3 bedroom home…

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I'm attending a holiday party this Friday in the Washington HQ area of Morristown.  Its a wonderfully charming area with beautiful older homes just outside of town. 

Every year this party has a dedicated theme in keeping with the spirit of the season.  Last year it was Toys for Tots, I believe the year before we were asked to bring clothing to donate to a charity.  My congratulations and best to the host, Michael Tobia for making these holiday get togethers even more meaningful and allowing us to give back and perhaps make a real difference.  This year we'll all be arriving in our holiday best armed with new or lightly used blankets to donate to the Market Street Mission.  This is an organization right in Morristown NJ dedicated to assisting the homeless…

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Every buyer is looking for a bargain these days.  Its no secret that the homes are sitting a little longer and sellers may be getting anxious for an offer.  As a buyer you might be thinking that any offer is a good offer. 

Its very important to work with an experienced realtor that will research the home and area so that your offer makes sense and isn't actually insulting to the seller.  Remember that the first offer is a starting point and you want to keep the door open for further negotiations.  Your realtor can run a report of the comparable homes that have sold in the area recently so that together you can make a reasonable offer and back it up with supporting documentation. 

Sellers are definitely starting to price their homes in or just below…

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