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... 05/24/2011

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... 05/02/2011

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... 04/04/2011

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... 03/19/2011

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... 01/27/2011

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... 01/08/2011

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... 12/19/2010

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... 10/30/2010

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 ... 10/27/2010

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... 10/05/2010

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... 08/26/2010

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... 08/18/2010

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... 08/17/2010

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... 08/09/2010

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... 07/18/2010

Wickham Woods in Chatham Twp - Homes & Real Estate Market Update 2010 has turned out to be a much better year for home sellers in Chatham NJ, and Wickham Woods is certainly no exception.  This great neighborhood with spacious homes on half acre lots, quiet yet winding streets, beautiful traditional colonials, splits and ranches. 6 homes in Wickham Woods sold in all of last year.  To date 5 homes in Wickham Woods have already sold!  There are currently 3 homes under contract (all over $1 million) and only 2 homes for sale, both colonials, one just below $1 million, the other nearly $1.3 million. Wickham Woods Homes Sold so far in 2010: 38 Stafford Road, listed at $1,089,000, sold at $1,085,000.  10 days on market.   128 Westminster Road, listed $1,129,000, sold for $1,075,000.  110 days ... 07/15/2010

Chatham NJ Real Estate Update for June 2010 In June of 2010, 42 homes and condos were sold in the Chathams.  View sold listings. the average Chatham home sales price was $844,235 vs the average list price of $859,119 Chatham homes sold for an average of 98.3% of asking price, indicating that buyers and sellers were in very close agreement on price and value Chatham homes and condos averaged days on market of 53 days the median sales price was $693,750 and median days on market only 25.5 Address, Sales price, Days on market 380 MAIN ST APT 20* 303,000 7 68 N PASSAIC AVE* 405,470 7 67 N HILLSIDE AVE* 464,000 151 137 N HILLSIDE AVE* 504,000 52 6 Sussex Avenue 575,000 20 138 HILLSIDE AVE* 575,000 14 149 CENTER AVE* 670,000 6 77 LAFAYETTE AVE* 640,000 10 39 CENTER ST* 660,000 17 85 WESTON AV... 07/06/2010

Chatham, New Jersey - Two of the most charming, desirable towns to own a home, condo or townhouse, live and raise a family.   There are two Chathams  - the Borough and the Township.  Chatham Boro was settled in the early 18th Century and is a small residential community with a small town flavor.  Chatham's active town center includes charming shops, casual eateries and award-winning restaurants as well as a public library, several service establishments, parks and tennis courts.   Chatham Township offers spacious country and suburban living with most homes and property built after World War II.  There are many luxury homes for sale and new construction listings in Chatham Twp.  Chatham Twp was named by Money Magazine in 2005 as the 9th Best Town to live in the US.  NJ Monthly ranked it ... 06/13/2010

May Home Sales in Chatham NJ 22 homes closed this past month of May in Chatham Boro and Chatham Twp combined, compared with 19 last year, same period. Though this is not a huge increase, the trend is up ... year to date, the number of Chatham homes sold this year is 79 vs 46 for last year.  Buyer activity is way higher and we are much busier these days than we were, again, last year.  Average home sale pricefor the Chathams is a mixed bag ...Year to date: $764,750 for Chatham Boro vs $631,523 for same period last year.Chatham Twp average home sale price year to date: $680,962, vs $890,342 for same period last year. What does this mean?  Well, averages only tell you a small part of the picture.  They're useful, but only in context ... basically this is the story with our real estate mark... 06/13/2010

New construction homes for sale in Chatham NJ There's nothing like a brand-new home.  Since Chatham has been settled since colonial times, the homes in our beautiful communities are usually not new.  There is practically not one empty lot to be found in all our town, but where there is a will there is a way ... older homes on great properties (usually the homes that are really run-down) are torn down to make room for new homes.     These new homes offer every amenity and luxury that money can buy.  They range from a minimum of 3,000 sq ft to more than 5,000 sq ft.  Most bedrooms have ensuite bathrooms and walk-in closets.  Deluxe kitchens and media rooms, luxurious master suites and in-floor heat,  and much, much more. Currently there are 9 new homes available for sale in Chatham Boro a... 05/31/2010