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Chatham, NJ Real Estate News

By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Chatham NJ Real Estate Market Update This charming little town of Chatham is really two towns - Chatham Borough and Chatham Township.  Although the towns each have their own municipal offices, police dept, etc., they share the top notch School District of the Chathams!  This prized school system attracts families from all over to take advantage of a great education.  Of course, the charming village center, tree-lined streets and friendly neighborhoods all play their part as well. As a long-time resident and homeowner in Chatham NJ, first in Chatham Borough, now in Chatham Twp, I am keenly aware and interested in our real estate market.    Find Homes for Sale in Chatham NJ   Chatham Boro Mid Year Real Estate Update and Comparison  In the first half of 2010, 57 homes were sold in Chatham ...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Chatham Farmers Market Baking Contest 2011 One of my favorite things to do is to volunteer at the Chatham NJ Farmers Market.  It's a great way to be outside, meet people, see friends, shop for fresh, local food and give back to my community!  Today at the Chatham Farmers Market there was a baking contest.  I am grateful I was not a judge because everything was so very delicious that I would have had a very difficult time choosing any one of the 7 contestants as the first, second or third!  In my opinion, ALL entries were delicious, beautifully presented and fresh! Chatham is a terrific town to live in, with top-notch schools, a lovely and lively downtown with terrific restaurants and unique shops, an easy commute to New York on the Midtown Direct and beautiful neighborhoods with lovely ...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Chatham Farmers Market Chatham NJ has one of the best farmers' markets around.  Ok, I may be prejudiced but since I'm from Chatham, I believe I'm allowed! Our market manager, Janice Piccolo and a small group of dedicated volunteers work tirelessly to provide this much-loved venue for residents and visitors to Chatham Borough on Saturday mornings. The market hours are 8am to 1pm on Saturdays.  At the Chatham Farmers Market you will find fresh organic and conventional fruits and vegetables fresh flowers and herbs pickles, olives, etc home baked goods such as muffins, cookies, pies and cakes fresh baked breads local handcrafted cheeses specialty coffees and teas Polish sausages and delicacies Jersey sauces and salsas italian ices homemade biscotti frozen and fresh made meals to go home mad...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Just Sold by Trish Giassa and Keller Williams Realty: Sutton Woods Condo Keller Williams Realty and Patrizia "Trish" Giassa are pleased to announce another successful real estate transaction. Trish's listing at 238 Riveredge Drive located in the Sutton Woods Condo Community in Chatham NJ has been sold for $305,000. Sutton Woods Website  |  What's my home worth?  |  Search MLS to find your home                                               This beautiful condo with gleaming hardwood floors, eat-in kitchen, basement and attached garage sold in 92 days. Trish specializes in the finest condominiums and townhouses in Chatham and Morris and Union County NJ.  Sutton Woods and RoseValle luxury townhomes are both in Chatham, NJ.  The Madison Common is in Madison, NJ.  The Moore Estate in Convent...
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By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Chatham Twp, NJ 07928 - Flat Fee MLS Listing $395 8 ROBERT DR Chatham Twp, NJ 07928 - Realtors welcome, buyer agent commission paid at closing! 3 Bedrooms, 2.5 Bathrooms Desirable Rolling Hills location, almost one half acre. Walk to schools from this home. Chatham was voted best place to live & Top 10 High Schools by NJ Monthly magazine. Home has a finished basment rec room, 2 fireplaces, hardwood floors throughout including kitchen. 2 car garage, large blacktop driveway, patio and deck off kitchen. Storage shed in back yard. Close to all! Wonderful town! If you are interested in this Home for Sale By Owner in Chatham Twp, NJ 07928- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 2860380. You can make an appointment or ask any questions a...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Chatham NJ Real Estate Market Update Between the two Chathams we currently have 126 homes for sale with an average list price of $963,095, median is $792,000. 40 of these homes are for sale in Chatham Borough with an average price of $884,219. In Chatham township, 85 listings for sale with an average price of $1,002,080. Local builders are once again finding buyers for their new construction Chatham NJ homes and there are currently 5 new homes for sale in Chatham Twp NJ. 27 Chatham Borough and Chatham Twp homes are currently under contract or in attorney review. 263 Chatham NJ homes have sold in the last year. Chatham NJ has a balanced, stable market, where we have about 6 months of inventory, based on recent sales. Chatham NJ homes for sale                 What's my Chatham NJ home wor...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Sutton Woods Latest Condo Sales & Market Update May 2011.                         Sutton Woods, Chatham NJ Website Spring has sprung in Sutton Woods and the real estate activity is brisk and positive!  Currently there are 8 condos for sale in Sutton Woods; 1 in attorney review; 5 under contract.  16 condos with an average price of $418,813 have sold in Sutton Woods in the last 12 months compared with only 12 the previous 12 month period. Recent sales of condos in Sutton Woods, Chatham NJ include: 191 Terrace Drive, a Fairfax model with 3 bedrooms, , 2.5 baths sold for $487,500 159 Riveredge Drive, a Foster end unit with 3 bedrooms, 2.5 baths sold for $495,000 177 Terrace Drive, also a Fairfax model with 3 bedrooms, , 2.5 baths sold for $549,000 185 Terrace Drive, again a Fairfax model w...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
New Listing - 3 bedroom condo for sale in Sutton Woods in Chatham, NJ. Pristine, one owner Foster model 3 bedroom end unit condo with river and woods view for sale in Sutton Woods in Chatham, NJ.   Phenomenal light, spacious rooms, walk-in closets, pantry, a real laundry room, attached garage with opener. There are two decks overlooking the river and woods from which to enjoy your morning coffee or evening cocktail. The condos of Sutton Woods are conveniently located only a few miles from downtown Chatham, Summit and New Providence, with easy access to NJ Transit Midtown Direct, world class shopping at the Mall at Short Hills. Click here to search for homes from your own home   Sutton Woods consists of about 300 condos and is beautifully landscaped, includes a beautiful outdoor pool and...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
17 Condos were sold in Sutton Woods in 2010!  This fantastic community offers a carefree lifestyle in a bucolic setting at reasonable price points to attract a large variety of buyers who like the location and modern floor plans. 9 one bedroom Sutton Woods condos were sold in Sutton Woods with an average price of about $277,000.  The lowest entry price for a one bedroom model was $242,500 and the highest $325,000. This variance accounts for the different sizes of one bedroom condos available.  See all Sutton Woods floor plans. 4 two bedroom Sutton Woods condos were sold with an average sales price of $367,250.  The low was $344,000 and the high sales price for a two bedroom model was $400,000 in 2010. And, 4 three bedroom Sutton Woods condos were also sold with the high sales price bein...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
2010 was a very busy year for condo sales at Sutton Woods in Chatham NJ!   In a community of about 300 condos, the turnover is still fairly low by national standards.  Typically, about a dozen condos sell each year.  When the real estate market and economy slowed, so did our sales activity.   Sutton Woods, Chatham NJ Website     In 2008 14 Sutton Woods condos were sold, which is a good, strong number.In 2009 though, that number trickled down to half and only 7 Sutton Woods condos were sold.Yet, in 2010 we more than doubled the number of 2009 sales with 17 Sutton Woods condos selling!     9 sales were of 1 bedroom condos with an average sales price of $279,000 4 sales were of 2 bedroom units with an average sales price of $367,250 4 sales were of 3 bedroom homes with an average sales pri...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
It's that time of year again.  Look back, see how we've done, maybe make some predictions for the future, set goals.  Well, here's the part looking back at how the real estate market in Chatham NJ. Chatham Borough NJ real estate report for 2010 101 home sales Average home sales price: $752,968                                Median home sales price: $670,000                         Featured Listings Sales price to list price ratio: 98% Average days on market: 51 Highest price sale: $1,950,000 for 190 Washington Avenue in the Washington Section Chatham Township NJ real estate report for 2010 152 homes sales Average home sales price: $897,145 Median home sales price:  $770,000 Sales price to list price ratio:   96.5% Average days on market:  73 Highest price sale:  $2,710,000 for 52 Dale D...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
You've probably heard of WalkScore and now WalkScore has launched TransitScore.com.  This is a nifty little tool for commuters to determine whether their current or future home is conveniently located for use of public transit for commuting and other transportation. My market area is extremely popular with commuters ... after all, we're on NJ Transit's Midtown Direct line to Newark and New York City.  In addition, we have buses to also tranport to New York and other locations such as shopping malls and hospitals.  Further, we have great access to major highways such as Routes 24, 78, 280, the Garden State Parkway and NJ Turnpike.  All of this is just a stone's throw from our friendly towns with top-rated schools and lovely homes and neighborhoods. My market area includes neighborhoods s...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Hiking and walking paths near Sutton Woods Condos in Chatham NJ We're very lucky to be living less than an hour from all the excitement, culture and opportunities of New York City and in a community that has so much to offer us, including hiking in our "back yard"! Did you know or realize that within steps of the condos at Sutton Woods, in Chatham NJ, the boy scouts recently cleared several paths that wind down to the Passaic River and through the woods.  These trails are ideal for: walking                   hiking                                                                       Sutton Woods, Chatham NJ trail running cross-country skiing (when there is snow, of course) snow shoeing (again, when there is snow) At this time of year, with the leaves changing colors, this is a particul...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Sutton Woods Chatham condos - real estate market update     Sales have been a consistently strong this year for condos in Sutton Woods in Chatham NJ.  This lovely condo community, on the Summit border, enjoys a bucolic setting just minutes from everything.  For more information about the community and location visit my website www.SuttonWoodsChatham.com.   Currently there are 4 Sutton Woods condos under contract and one in attorney review (the term for the period just after agreement acceptance where both buyer and seller have their attorney review prior to contract).   In the 3rd Quarter 2010, 4 Sutton Woods condos have sold, ranging in sale price from $301,000 to $525,000, with an average length on market of 58 days.   Here are the addresses of the condos sold: 149 Riveredge Drive, a ...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
What a terrific town!  Bucolic charm abounds the charming village, tree-lined streets and lovely neighborhoods.  Most of the homes are single family homes in Chatham NJ, but there are a few opportunities for those who desire the carefree lifestyle of townhouse or condo living in Chatham.    Here is the list of options of condo and townhouse developments in Chatham Township: Rosevalle is a spectacular new community of substantial townhouses ranging from about 3000 to 5000 square feet. Sutton Woods - a bucolic community of about 300 condos on the Summit border near the river Coachlight - Two story townhouses in Chatham Glen built in the 1980's Heritage Green - Modest but lovely condos also in Chatham Glen, built in the 1980's and ideal for a first time buyer or empty nester Briarwood - Al...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Sutton Woods Condos are HOT and selling at a rapid pace this Summer!        Since June 1, 4 condos in coveted Sutton Woods Condos in Chatham Township have closed.  That's a great pace of sales and one that bucks the national trend of slowing sales.      Further, 3 more Sutton Woods condos are under contract to sell.  All are anticipated to close around the middle of September.     Historically, about a dozen Sutton Woods condos would sell every year.  It seems that these super-nice, affordable condos in one of the best towns in NJ (according to NJ Monthly Magazine) are one of the best investments out there, holding value better than most other real estate in New Jersey and elsewhere. Our website, SuttonWoodsChatham.com has floor plans, community information and photos to help you get ac...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
New Sutton Woods listing, condo for sale on Riveredge Drive in Chatham NJ with Passaic River views from 2 balconies just on the market.  219 Riveredge Drive is a spacious and bright Foster/Fairfield end unit with 3 bedrooms, 2.5 baths, 1 car garage, updated kitchen and baths.  Priced to sell $534,000. in HOA dues $479/mo (will be lower by $113.33 after December due to special assessment); property tax $7,848.   Sutton Woods offers an outdoor pool, tennis courts, paddle courts, walking paths.  Close to Downtown Summit and Midtown Direct NJ Transit Train service to Newark and NYC Penn Station.      Sutton Woods is a terrific community of about 300 condos ranging in price from the mid-$200's to the low $600's.  Great neighbors, quiet community, pets allowed (some restrictions apply), beaut...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Finding a condo or townhouse in Chatham NJ could be a challenging task, without reliable information.  But, no worries, this post will attempt to give you an overview - as seen from a Chatham resident and 15+ years of experience in real estate, home and condo sales in the Chatham area. First, there are two Chathams:  Chatham Boro and Chatham Twp.  The Boro is the "village" with the NJ Transit Midtown Direct Train Station.  The Township is the "half-moon" around the Boro and features larger homes and properties than the Boro.  It is closer to the Summit NJ Transit Midtown Direct train station, which has non-resident parking available for those in the Township that need it. In Chatham Boro there are not many condos and townhouses, but perhaps more variety.  The condos at Chatham Court are...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
The Manor Section in Chatham Borough, NJ - recent real estate sales activity One of my favorite neighborhoods ... close to train, town, library, houses of worship.  Exudes charm and friendliness.  Neat yards, towering trees, colorful and abundant flowers adorn the traditional colonial style houses. A very desirable area that offers homes for both first-time buyers as well as larger homes for the move-up buyer.  Homes in the Manor Section always sell well and seldom is there more than a handful of homes for sale in this popular Chatham Boro neighborhood.  There are currently 3 homes for sale in The Manor Section ranging in price from $597,000 to $875,000 and one home is under contract, with its listing price of $929,000. Since January 1, 2010, 16 homes in the Manor Section of Chatham Bor...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Sutton Woods Condos in Chatham - Real Estate Market Update Sutton Woods condos have always been popular.  As one of the few affordable condo choices in Chatham Township where there are open floor plans, walk-in closets, attached garages and a beautiful community with many amenities, this is one community I get many calls about. Sutton Woods condos were built in the 1990's and come in various sizes, from 1 bedroom units in the $200's to 3 bedrooms in the high $400's to high $500's depending on things like size of rooms, location, basement, updates and upgrades. Currently there are 11 condos for sale in Sutton Woods, Chatham.  Contact me for a complete list with addresses, photos, and all the details including taxes, HOA dues, room sizes, etc. In the first half of 2010, our Sutton Woods c...
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