James Thomas Boyer

The year is winding to a close and many people are still thinking that the real estate market just stinks.  Well the reality is that the real estate market does not stink.  In fact there are still many homes which sell with more then one offer, and there are very few homes which sell for 20% below asking price.  I through that one in there because people still come out thinking that they are going to purchase a home for 20% off of whatever the seller is asking.  In Essex County New Jersey and surrounding counties, that is a very very rare happening.  In fact, the average home in Essex County New Jersey is selling for something more like 92% to 95% of asking price.

The South Orange NJ Sold Homes November 2009

1. 420  ACADEMY ST  $245,000LP  HalfDupl 2BR 1BA 0GAR $220,000SP  22DOM
2. 533  VOSE AVENUE  $285,000LP  Colonial 4BR 2.1BA 2GAR $270,000SP  116DOM
3. 36  Mews Lane  $374,900LP  OneFloor 2BR 2BA 1GAR $362,500SP  37DOM
4. 420  SOUTH RIDGEWOOD RD  $399,000LP  Colonial 3BR 1.1BA 2GAR $382,000SP  56DOM
5. 209  AUDLEY ST  $489,000LP  Colonial 3BR 2BA 2GAR $489,000SP  37DOM
6. 310  S WESTERN DR  $489,900LP  Bi-Level 4BR 2.1BA 2GAR $472,000SP  87DOM
7. 225  AUDLEY ST  $490,000LP  Colonial 4BR 1.1BA 2GAR $490,000SP  183DOM
8. 453  TILLOU RD  $499,000LP  Custom 3BR 3.1BA 2GAR $486,000SP  71DOM
9. 56  FAIRVIEW AVE  $549,000LP  Victrian 5BR 3.1BA 2GAR $520,000SP  128DOM
10. 371  IRVING AVE  $569,000LP  Colonial 5BR 3.1BA 2GAR $545,000SP  87DOM
11. 255  RICHMOND AVE  $579,000LP  Custom BR 2.1BA 1GAR $574,000SP  15DOM
12. 216  South Ridgewood  $640,000LP  Colonial 5BR 2.2BA 2GAR $622,500SP  100DOM
13. 126  MAYHEW DR  $699,000LP  Colonial 4BR 3.1BA 2GAR $650,000SP  150DOM
14. 183  North Woods Dr.  $699,000LP  RanchExp 4BR 2.2BA 2GAR $470,000SP  47DOM
15. 411  HILLSIDE PL  $765,000LP  Victrian 6BR 3.1BA 2GAR $740,000SP  90DOM

South Orange NJ Homes For Sale

To find all the homes currently listed for sale in South Orange New Jersey visit the South Orange New Jersey Real Estate Page.

Your South Orange NJ Realtor James Boyer - 973-647-0253

Cheers,

Jim

James Boyer
South Orange NJ Realtor
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct

Also specializing in Northern New Jersey Foreclosure Home Sales.

Five homes sold and closed in South Orange New Jersey during the month of September 2009.  Not very many really.  Why so few homes sold?  Could be the higher taxes in South Orange.  Could be that there were very few homes for sale in the price range that is actually selling in the area.  I think it is likely both really.  I have been working with 3 different buyers over the past 4 weeks who were interested in South Orange and Maplewood.  All 3 buyers decided to concentrate their search in Maplewood, and only consider a home in South Orange if it was an exceptional deal. 

Why did they choose Maplewood over South Orange?  In general Maplewood seems to have considerably lower property taxes then South Orange.  That makes a huge difference in home affordability. 

South Orange NJ Home Sales 

    TOWN               LP          STYLE     BRS BTH GAR BSMT     SP         DOM

South Orange  $214,900   Colonial     3     2.1      2       Y     $220,000   141

South Orange  $349,900   Colonial    4      3.1      2       Y     $320,000    0

South Orange  $369,900   Colonial    4      1.1      2        Y     $362,500   24

South Orange  $630,000  Custom    5     3.2       2       Y     $620,000   53

South Orange  $799,000   Colonial   5     3.1       2       Y      $754,000  139

I have to say, I do really like South Orange.  It is such a nice town, with so many things going on.  A diverse population, with the added benefit of having a fairly large gay population.  You know what they say, where the gays go, the homes get fixed up and made more valuable.  I have written about Maplewood and South Orange over at Gay NJ Real Estate / New Jersey Gay Real Estate.  This tends to make South Orange a very interesting and fun town to live in.

 If you would like to find all the South Orange NJ Homes For Sale visit the South Orange page of my website.

If you would like to find all the Maplewood NJ Homes For Sale visit the Maplewood page of my website.

You can call me with your questions at 973-647-0253 Jim

James Boyer
South Orange NJ Realtor
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct