South Orange NJ Home Sales | September 2009
Wednesday, October 7th, 2009Five 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