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January 2009 – week 1 Issue
Alpine and Tenafly preferred by homebuyers
Real estate shines in Alpine
Solar energy usage in Alpine
Residents vote the best of Bergen
Funds to help wade through foreclosures
Alpine and Tenafly preferred by homebuyers
While home prices were noted to fall across the nation, statistics look good for Alpine homes, Tenafly homes and other and other towns of Bergen County, where prices remained more or less stable. As per the New Jersey Multiple Listing Service, county wide home prices were stable through the year at approximately $420,000. While there was a slight decline of 6.25% over the year, it was not much as compared to many other regions. Home prices in the regions of Tenafly are noted to start at approximately $350,000 and go up to $4 million and above. In the scenario of Alpine real estate however, luxury homes are noted to begin at $600,000 and go up to even $10 million. Most home sales in the luxury market include single-family homes styled as per Colonial, Victorian or English Tudor styles. Besides single family detached homes, many are also opting for townhouses or condominiums that range at $200,000 to approximately $700,000 depending upon the amenities, square feet area and neighborhood. Perhaps the main reason for housing stability is the ongoing real estate slump that is forcing many city dwellers to consider the county.
While housing continues to be on a low, the market for luxury housing continues to be more or less steady. Amongst the various locations for luxury neighborhoods in New Jersey, Alpine housing continues to be a preferred option. Named after the European mountain regions, this borough has a population of approximately 2500 people and stretches over 6.36 miles. Located on the Palisades, residents of this region have local median household income of approximately $130,740. With over 700 homes in the region, over 600 Alpine homes are occupied by owners and only a small percentage is rented out. Besides a prestigious neighborhood that includes names of Eddie Murphy and John Ringling of Ringling Bros. Circus, this region is opted for housing also for its low crime rates. Statistics of 2003 by FBI reported the rates for violent crimes, murders and homicides to be zero. The township also has good parks in its neighborhood like the Greenbrook sanctuary and Palisades Interstate Park. The Alpine Board of Education also provides excellent education facilities for students of all ages.
After Fort Lee installed solar panels to the roofs of its municipal buildings, it is now Alpine’s turn. In its efforts to cut down energy costs, the borough of Alpine may soon install solar panels that will power its municipal building. As a part of the Bergen County Improvement Authority’s solar energy initiative program, this project will come with varied benefits. Once these panels are installed on the roof of the building, it will begin generating its own electricity. Excess energy if any will be sold back to the utility company Orange and Rockland Electric Co. The borough will also benefit by selling excess energy to power providers across the state in the form of credits. In this regard, the borough council authorized $68,000 in bonds and will receive bids next month. $21,000 worth of rebate will also be granted to Alpine in the form of the state’s clean energy program for installation of panels. Residents of Alpine embraced the new developments, stating that these were the developments that kept Alpine real estate a preferred option. Few other towns like Wayne are also planning to save electricity by using alternatives of solar panels.
Residents vote the best of Bergen
As 2008 comes to a close, many residents of Bergen County voted for what they found to be best of Bergen County towns. Food was a well polled item and here are a few interesting results. A poll conducted by the magazine 201.net revealed that residents voted Butterfly Bake shop of Tenafly to be the best bakery in the region. Located at Cedar lane, this bakery is well known for its Challah cakes, baked cakes and other confectionaries. When it comes to food, Shelly’s café of Teaneck was voted the best for its brunch. With its good choice of food, the joint beat Clinton Inn of Tenafly to be voted as the center with the best brunch. Another food category was the joint with the best burger, a tied position won by The Iron Horse of Westwood and Noah’s ark of Teaneck. Also while the title of the best cheese shop was taken by ‘The cheese shop’ of Ridgewood, the title for best sushi went to Sushi Metsuyan of Teaneck. The town’s Bischoff’s also bagged the title for the best homemade ice cream. The maximum vote for the best Kosher deli also went to Teaneck’s Noah’ ark restaurant and Deli.
Funds to help wade through foreclosures
Many residents of New Jersey who are facing foreclosures will now be provided the lifeline of financial assistance to help them wade through their foreclosure crisis. In new developments $40 million worth of financial assistance will be provided to the residents as per a new legislation. Signed by Governor Corzine, this legislation allocates $25 million funds for a loan program. These funds will help homeowners to reduce their monthly mortgage payments. In another segment of the program, $15 million would be granted to non profit organizations, which would buy the foreclosed homes and then lease them out to their original homeowners who have the option of buying the homes back. Other than this, the new legislation also offers scope for mediating sessions between banks and homeowners to help them work out solutions together. The governor, various lawyers and housing advocates got together for the new deal, which they feel would help many tide over the economic and housing crisis.
Buy a Home in Bergen County
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- Additional Reports
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- When Selling a Home
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Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.