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January 2010 – week 2 Issue
Realtors Promote Bergen County Homes in Novel Ways
Home Prices to Rise
Developments in Bergenfield
Luxury Homes in Edgewater
Living in Tenafly
Realtors Promote Bergen County Homes in Novel Ways
As the https://www.anateisenberg.com/ market struggles to come out of its crisis, Bergen County realtors are looking for new ways to promote homes for sale. Various builders are minding the comfort and convenience of buyers in their buildings’ designs. Newly constructed properties are coming with amenities such as swimming pools, gymnasiums and a range of other facilities. Condominium developers are coming up with various strategies and are seeing success in strengthening the condo sales market. Besides this, the rental market for condominiums is also on the rise. According to statistics, today the demand for condo rentals is higher than their supply in the towns of Cliffside Park, Edgewater and Fort Lee. With over 60 condominiums and town homes available for rent in various Bergen County Towns, many realtors also provide renters the opportunity to lease luxury condos. According to the National Association of Realtors, today many such opportunities are available in the market, providing more leverage to these segments.
The real estate market, which spiraled downward for a couple of years, is now expected to steady itself. In 2010, real estate experts expressed that the market will improve, but at a slow and steady pace. There will be no jump in home values, and a steady rise is predicted. Expressed in statistics, home prices in Bergen County and other parts of New Jersey are expected to grow at a rate of 2% to 3% this year. The real estate market will also show a surge in the spring as many buyers will rush to take advantage of the federal tax credit that expires on 30 April. While most analysts are hopeful that prices will either rise or stay stable this year, there is also a segment of realtors who feel that home prices may fall further. This group believes that continued unemployment, the general nationwide recession and an increasing rate of foreclosures are some factors that will hold down home sales. While the scenario looks hopeful for home sellers, they still need to price properties competitively and advertise creatively to get more attention.
Residents of Bergenfield are about to see various new developments, primarily road improvement projects. The Borough of Bergenfield has passed a resolution approving $300,000 for infrastructure work. Boswell Engineering, the borough’s engineering firm, has received the approval to ready plans and bid specifications for work on West Main Street, North Prospect Avenue, Judith Place and other sites. Discussions also outlined that, instead of reacting to road problems that plague residents, development work must be more proactive in nature. In this regard, the DPW will prepare a list of roads in the area that need repairs and work will be undertaken on the basis of importance. According to Boswell Engineering officials, work will begin on the roads in the spring.
Edgewater offers various luxury real estate options for both rent and purchase. One prestigious project is The Peninsula at City Place. This luxury waterfront condominium construction has 201 units that are open for both renters and home buyers. While The Peninsula is an older site that was developed in 2002, it was then intended only for rentals. In 2007, The Peninsula was made open for home buyers also, and today approximately 30 condominiums are available for rent while many others are available for sale. With prices starting at approximately $350,000, buyers can benefit from various features made available to ease credit during these difficult times.
Tenafly is a dream destination for many who seek luxury homes in a good neighborhood. One of Tenafly’s primary draws that its residents cite is its close proximity to New York City. A well managed transport system allows for easy access to Manhattan. The town is also a scenic delight, with attractive hills and tree-lined streets. Tenafly’s education system is another plus and many people who buy homes there are families with children. The borough has many structures that remain from old estates. While houses in unique styles have come up on many lots, there are still areas known for their common architectural styles. A few of the marked regions of Tenafly where one can find good luxury real estate options are Old Smith Village and Cotswold, where one can find both luxury homes and one- to three-bedroom condominiums.
Buy a Home in Bergen County
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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.