As an experienced real estate professional in Somerset County, I pride myself on understanding our specific, local market. I am not one to jump on the bandwagon of panic after hearing how poor home sales have been nationwide. Frankly, sales in our local market far surpass what is observed in the FL, AZ, NV and CA markets.

Here is what I have observed in our local marketplace.
1. The market is picking up. Much more activity. Prices, however, are lower.

2. The first time buyer market has been extremely busy, specifically spurred on by the investment tax credit that can be obtained if a home is purchased by the end of 2009. I believe the market, especially in the below $500K range, is going to get more competitive as the year progresses. We are already seeing multiple offers due to this kind of high demand resulting is competition for good properties.

3. For those buyers looking at higher priced homes, I am seeing increased activity as well. But these homes are only going under contract when the seller is willing to settle for a lower sales price than original anticipated.

4. Buyers have a wide variety of home choices in their price range. Negotiate a good price and lock in a historically low interest rate. We know one thing for certain… that as the United States population growth continues to rise, the demand for housing continue to be strong. With new home starts stalled and sellers becoming more realistic on their home’s value, we are finally seeing inventory levels beginning to drop.

5. Sellers have come a long way from the 2007-08 period. Their more realistic views on housing prices are helping properties sell. Many more of my clients are willing to do some “pre-listing” work like painting, updating, landscaping, staging. Since buyers have a lot to choose from, this is the best way for sellers to make their home stand out as the best value on the market.

I have studied Warren home prices in great detail. Given the trend I have observed in the average sales price in Warren over the past 6-7 years, I have concluded that home prices in Warren, on average, have reverted back to 2003-04 levels. This figure is more or less, depending greatly on the condition and age of the home.

Please feel free to give me a call to discuss your particular situation. You can always count on an honest, straightforward answer to your questions or concerns. I have built my business one referral at a time from buyers and sellers like you, that value & trust my real estate guidance.     

Judy

My goal is to make this site essential for anyone interested in real estate as a buyer, seller and/or investor.

I am so excited to bring you local market updates, breaking real estate and financial news, professional advice and other business resources that all homeowners need.

If you are a first time buyer, our team will take great care, time and compassion, to help you through their first purchase.

I look forward to gaining your trust as your NJ real estate expert.

I am a NJ licensed Broker-Salesperson having worked in NJ real estate for over 17 years. I have grown up in West Orange, lived in So. Orange, Chester and North Caldwell before moving to Warren to raise my family here. I have built my business one referral at a time. My goal continues to be, becoming your essential source for all your real estate needs and to give you the best advice and service, so you will be the next person to refer my name as the “only” agent to use when looking to buy or sell!

(For more information about “Who is Judy?” please click on the “About Judy” tab.)

I welcome you to be a part of my online community.

Please visit often. I will be commenting on what I see in the field on a regular basis. Become a part of my Weiniger real estate family. We will take very good care of you.

Judy

By the way…please call me Judy.