Tenafly’s Growing Real Estate Market

Tenafly, New Jersey, has a booming real estate market. Nestled in beautiful Bergen County, New Jersey, one of the most affluent counties in the nation, it boasts top schools, great shopping and entertainment, as well as a manageable commute to Manhattan. Tenafly also has a stable, rooted population around 15,000 residents.

All of these features and more make Tenafly a great place to call home. With the median home price just under $800,000, there is a lot of value in the  Tenafly homes and communities adjacent to them.  Tenafly is also seeing a resurgence in home building, with many new construction projects under way.

The East Hill area of Tenafly is home to many sprawling homes on acre plus lots.  This area is seeing an increase in new construction. These newly constructed homes are built with the highest quality and craftsmanship in mind, appealing to buyers of any age. Two recent projects that are approaching completion in this area are focusing on location and outdoor entertainment areas as much as they are on the conveniences and technology available in new homes.

The Tenafly real estate market has remained steady throughout the economic highs and lows, with homes retaining their value and/or increasing year over year since the early 2,000’s. As of the end of 2015, the average sale price for a home in Tenafly was $1.1 million.

Tenafly Homes – Average Sold Prices 2000-2015

But, it’s not just the homes that make Tenafly so appealing. The community and the commute to Manhattan are also large assets to this growing area.

Tenafly has consistently been in the Top school systems in the state of New Jersey. Along with the six public schools available to Tenafly residents, there are also five private institutions. The public school system boasts an array of advanced placement and honors courses. With more than 95% of its graduating seniors moving on the higher education, Tenafly is proud of its curriculum and student success rate.

Along with award-winning schools and beautifully maintained homes, is the supportive community of Tenafly. With the population growing, so are the amenities. Tenafly’s central district is teaming with boutique shops and locally-owned eateries.  Along with all of the necessities that an upscale community can provide, Tenafly is also proud to be home of the Kaplen JCC on the Palisades, the Korean Community Center, and the Tenafly Nature Center,  and the Knickerbocker Country Club.

The last piece to this perfect puzzle is the easy commute into Manhattan. Tenafly is a 30-40 minute commute over the George Washington Bridge, or through the NJ Turnpike and Lincoln Tunnel which takes you into midtown Manhattan. An easy commute to and from work leads to less stress and a better quality of life. The simple commute also encourages evening and weekend trips into the city for additional cultural or culinary entertainment.

Celebrating many cultures and embracing diversity, the Tenafly community is the perfect place to call home for either your growing family or in your retirement years. It has something to offer people of all ages. Whether you are looking for a new home or to relocate to a more suburban setting, Tenafly is a great place to look. For a current list of homes for sale, check out Anat’s Tenafly listings.