Chatham, NJ Real Estate News

By Perri K. Feldman, NJRealEstateWire.com
(Keller Williams of Essex, Union & Morris Counties)
The Parrot Mill Inn located in CHATHAM, N.J. plays host to the "Mommy Nest," a retreat for new moms in New Jersey. The NY Times wrote an article on the Mommy Nest yesterday. I wish this was available seventeen years ago!!!What a wonderful idea to help new mothers adjust to breast-feeding, sleep deprivation and the joys of motherhood. At $500 a night, moms can get help from lactation consultants and the rest and relaxation they crave.New Jersey Real Estate Wire has more info.
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
99 Homes on the market in Chatham New Jersey as I type this.  Usually home sellers do not have their homes on the market this time of year unless they are truly serious about selling.  Home buyers looking for bargain, why not look at some of the biggest bargains out there.  Here are the Chatham NJ real estate market statistics as of today 12/11/2007$1,105,313    Average List Price $    775,000    Median List Price95.1                 Average Days On Market87.0                 Median Days On MarketLots of homes out there with ready and willing sellers.  Home buyers who are ready sure can get some good deals.  If you would like to take advantage of the great deals out there take a look at my free MLS Search at jboyerhomes.comSpecializing in the Chatham NJ Real Estate market.  Happy Holida...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
There were 20 homes that sold and settled in Chatham this past month.  The Chatham real estate market seems to keep moving along as some home buyers brave all the bad news realizing that when the news is the worst, is the best time to get a great deal. ADD Lprice StyleBedsBathsGARBSMT Sprice  DOM14 Pihlman Place $   334,900.00 Colonial31.11Y $   343,000.00  13141 Hillside Ave. $   545,000.00 CapeCod321Y $   530,000.00  3127 E COLEMAN AVE $   649,000.00 Colonial321Y $   606,000.00  167120 N SUMMIT AVE $   669,000.00 SplitLev421Y $   638,000.00  524 LAFAYETTE PL $   875,900.00 Victrian520Y $   825,000.00  385104 Chatham St $   910,000.00 Colonial42.11Y $   885,000.00  6144 Washington Avenue $   950,000.00 Colonial31.12Y $   950,000.00  114148 Riveredge Drive $   399,000.00 TwnIntUn211Y $ ...
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By Chatham NJ Real Estate Realtor Luxury Home Sales
(RE/MAX Properties Unlimited)
What Should You Do When Your House Does Not Sell?The longer your home sites on the market, the less likely you are to get a price that you are going to like.  Avoid waiting to long to make a decision.Listen To A Professional Realtors Feedback Ask your real estate professional to poll his or her colleagues who have shown your home.  If location is the problem, you may not have any choice but to reduce your price.  But if your home's appearance is the issue, deal with what seems to be holding buyers back, such as cleaning up the basement or painting the inside.Reduce Your Homes PriceThis is the most obvious decision.  If the real estate market has slowed since you listed your home six weeks ago, the comparable recent home sales you used to set your listing price may be out of date.  Consi...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
It is Good Friday, The biggest shopping day for everything except Chatham Real Estate.  Everyone is thinking of holiday shopping and getting the great deals that are out there.But wait a minute, lets re-read that.  (It is Good Friday, The biggest shopping day for everything except chatham Real Estate.  Everyone is thinking of holiday shopping and getting the great deals that are out there.)  When looked at from a more financially savvy point of view, if you are renting, or had been waiting to move up to a larger home, shouldn't you be shopping now!!The deals are better this holiday season for Chatham Real Estate shoppers than ever before.  Take a look at my MLS search  Chatham Real Estate  to see all the great deals.  Happy Holidays, and please drive carefully.Jim.James BoyerNJ Realtor ...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
 Chatham NJ 07928 Condominium and Townhome Sales for the last 3 months.The last 3 months has seen 5 Chatham NJ Townhomes & Condominiums sell.  It is most definatly a buyers market out there.  But many buyers seem to be blind to the great deals that can be had on homes in Chatham NJ.  Take a look at the numbers below to see how actual homes priced out.ADD LP StyleBedsBathsGARBSMT SP  DOM380 Main St. Unit 18 $324,900.00 Townhome 210Y $315,000.00  118 E SENTINEL CT $309,900.00 Condominium 11.11N $299,000.00  7120G HERITAGE DR $444,900.00 Condominium 221N $424,750.00  53217 TERRACE DR $579,000.00 Townhome 32.11N $560,000.00  14960 Canterbury Road $599,000.00 Townhome 32.11Y $620,000.00  11 Data from gsmls Chatham Morris County New Jersey Condominiums & Townhomes SoldIf you would like to do ...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
Chatham NJ Real Estate & Home Sales for October 2007October was yet another slow month for Chatham Real Estate sales, with the continuation of the credit crunch which began in August of 2007 with Countrywide home loans finding itself in deep financial trouble and many other smaller Mortgage institutions going out of business.  Things have been loosening up over the past month now as Mortgage lenders have gotten back to lending to people who truly are good risks for them.This is a great time to be a home buyer in Chatham New Jersey though, there are plenty of homes for sale in Chatham and plenty of home sellers in Chatham who are willing to sell their homes for market prices.  Thinking of buying a home, now is the time to get a great deal in Chatham New Jersey 07928.The October 2007 Chat...
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By Diane & Cory Robinson
(Lois Schneider Realtor)
An Independent Press Survey showed that local communities are putting more priority towards environmental issues.  But some towns are doing more than others.  Tune in all week to see how your town compares.Today's community:  Chatham Township, NJChatham Township is bordered by the Great Swamp National Wildlife Refuge and is well known for its greenness.All last year, the Environmental Commission ran the 5th annual Riverside Clean Up, 4th annual Electronics Recycling Day as well as educational programs on pesticides and anti-idling.  They also created a wildlife habitat out of a storm basin area at Southern Boulevard School.The committee this year is now in the process of reviewing the current tree ordinance and working on ways to act on the Mayor's Climate Protection Agreement.  They ar...
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By Diane & Cory Robinson
(Lois Schneider Realtor)
An Independent Press Survey showed that local communities are putting more priority towards environmental issues.  But some towns are doing more than others.  Tune in all week to see how your town compares.Today's community:  Chatham Borough, NJDue to Chatham's close proximity to the flat land of the Great Swamp National Wildlife Refuge, it has already become a cycling hub.  That's why the Morris County Division of Transportation suggested that more bike and pedestrian paths be created.  The Chatham Borough Environmental Commission is already preparing a plan to create such paths.The Borough Hall renovation project also incorporated some green ideas.  The old A/C units were replaced with newer high efficiency ones, all exterior lights operate on timers and all interior lights are now en...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
Chatham New Jersey Home Shoppers.  Want to be able to search the MLS see what is out there, save your search so that you get notified by e-mail automatically anytime there is a price change or new listing that matches your search?Check out Chatham NJ Real Estate the link to the totally free MLS search is on the main page, Just click on the Search For Homes Link in the gray box near the top of the web page.Do all the research you desire before you are ready to talk to a Realtor.  Of course I would love to earn your business, and feel strongly that the high level of service I provide to home buyers would more than convince you that you have made the right choice in a Professional Realtor.Chatham New Jersey is one of the areas most popular towns to live in.  Great Schools, Great Transporta...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
Chatham New Jersey Home buyers, Now you can search the MLS for your next home for free, no registration needed, no Realtor is going to contact you until you are ready.  Check out Chatham NJ Real Estate the link to the totally free MLS search is on the main page, Just click on the Search For Homes Link in the gray box near the top of the web page.Do all the research you desire before you are ready to talk to a Realtor.  Of course I would love to earn your business, and feel strongly that the high level of service I provide to home buyers would more than convince you that you have made the right choice in a Professional Realtor. Thinking of moving to Chatham New Jersey or one of the many wonderful towns surrounding Chatham?  Check out the Chatham NJ Real Estate marketplace or anyplace in ...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
September home sales in Chatham New Jersey still moved forward though at a little slower pace than in August and July.  This is not a surprise to me with all the turbulence in the credit markets during August.  In today's market if you can get a mortgage, and most people who have taken care of their credit rating can, this is a great time to be considering buying a home.  Prices are great, interest rates are likely to be as low as they are going to be for the next few year, you don't get that mix very often.Here are the Chatham homes which sold / settled in September.ADD List Price StyleBedroomsBathroomsGarageBasement Sold Price DOM18 Ward Place $   514,000.00 Colonial31.11  $   490,000.00 11934 University Ave $   544,900.00 CapeCod321Y $   535,000.00 4210 Pihlman Pl $   589,000.00 Colo...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
The Chatham NJ Real Estate  & New Jersey Real Estate update for August 2007August 2007 had 28 homes selling in Chatham New Jersey.  A good number for the month of August.  It just goes to show you how the national news media is cramming real estate statistics which are way to heavily influenced by states such as California, & Florida, where the real estate markets are just horrible compared to New Jersey.  In fact in New Jersey Real Estate we are actually seeing a small amount of appreciation  in the lower and mid priced houses and condos.  It is a very small amount of appreciation but still it is appreciation rather than depreciation.Chatham NJ Real Estate  always seems to be in higher demand than many of the communities which are not on the Midtown Direct train line.  It is understand...
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By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
TownPlace of WorshipAddressPhoneCHATHAMChurch of Christ382 Fairmount Ave,Chatham, NJ 07928(973) 635-6810Congregational Beth Hatikvah200 Main Street,Chatham, NJ 07928(973) 701-1665Friends Meeting-Summit Quaker158 Southern Blvd,Chatham, NJ 07928(973) 635-2161Chatham Township Presbyterian240 Southern Blvd,Chatham, NJ 07928(973) 635-2340Corpus Christi Roman Catholic6 Robert Dr,Chatham, NJ 07928(973) 635-0070Long Hill Chapel525 Shunpike Rd,Chatham, NJ 07928(973) 377-2255Gloria Dei Lutheran Church300 Shunpike Rd,Chatham, NJ 07928(973) 635-5889Saint Patrick's Church41 Oliver St,Chatham, NJ 07928(973) 635-0625Chatham United Methodist Church460 Main St,Chatham, NJ 07928(973) 635-7740Ogden Memorial PresbyterianMain Saint & Elmwood Ave,Chatham, NJ 07928(973) 635-5567Saint Paul's Episcopal Church20...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
What is happening in the Chatham NJ Real Estate market? Improvement is what is happening. That is what the statistics say about Madison NJ in the latest publication of How Are The Local Real Estate Markets Doing?. The local real estate markets in Chatham NJ and surrounding communities of Morristown, Florham Park, Madison & Summit NJ are all seeing consistent recovery according to the artical.Here are the actual homes which sold August 1st - August 21st 2007 Here in Chatham NJ.Address List Price StyleBedroomsBathroomsGarageBasement Sold Price Days On Market380 Main St. Unit 18 $   324,900.00 TwnEndUn210Y $   315,000.00 118 LINDSAY CT $   599,000.00 Colonial42.12Y $   600,000.00 42119 N SUMMIT AVE $   639,000.00 SplitLev321Y $   610,000.00 5547 Tallmadge $   645,000.00 Colonial32.11Y $   ...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
Today in response to the Mortgage lender turmoil that has been affecting the Stock Bond and Real Estate Markets over the past few weeks, the Federal Reserve Cut the Discount Rate.  The discount rate now sits at 5.75% and is the rate that banks lend money over night to each other.  It is expected that the Federal Reserve will soon cut the more important federal funds rate which currently sits at 5.25%.  The federal funds rate is (The interest rate at which a federal reserve member banking institution lends immediately available funds to another federal reserve member banking institution overnight).According to a artical in the Kansas City Star (KansasCity.com) A big problem is that much of the additional liquidity provided by the Fed hasn't been percolating to where it's needed. To boost...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
What is happening in the Chatham NJ Real Estate market?  Slow but steady recovery is what is happening.  That is the message delivered in the latest edition of Are The New Jersey Midtown Direct Real Estate Markets Recovering?. The local real estate markets here in Chatham NJ and surrounding communities of Florham Park NJ, Madison NJ, & Summit NJ all seeing slow but steady improvments according to the artical.So what sould would be home sellers do to ensure that their home will sell for what it is really worth?Pricing is critical!  Over price your home by even 3% and you may end up having to do a 10% price reduction later just to get the attention you have lost back to your home.  Remember a home sells for the highest price possible when it sells in the first 3 weeks. Make your home as c...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
The Real Estate market here in Chatham NJ is still soft and considered a buyers market.  Homes are selling but mainly those which have been priced to show value, or had drastic price reductions to give the impression of value.  In reality those which have had huge price reductions may or may not be good values.  Back in the late fall of 2006 and the early to mid spring of 2007 their were many homes which came on the Real Estate market at prices which we now know were as much as 10% and sometime more above the price at which any home buyer was going to be willing to pay.  Now many of these homes have had big price reductions sometimes as much as $150,000 but they still may not be a good value.  This is where having a good Realtor can be very helpful.  A good Realtor knows the market and ...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
This weeks issue of the Recovery In the New Jersey Real Estate Markets came out today.  In it we continue to explore the local Real Estate markets of Morristown, Morris Township, Madison, Chatham, Florham Park, Parsippany, Short Hills, Millburn, Maplewood, South Orange, & Livingston.  It continues to look like we have a small recovery going on.  When you go past the numbers and actually look at many of the individual home sales in the report what becomes very clear is that pricing is critical.  The homes that were over priced in the beginning had to go though multiple price reductions and sat on the market for as many as 180 days before selling.  The homes which were priced right from the start sold within 30 days, usually with no price reductions.  In some cases it is even possible to ...
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By New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
(RE/MAX Properties Unlimited, Real Estate)
July was yet another month with improving results.July 2007 home sales for Chatham New Jersey.Address List StyleBedroomsBathroomsGarageBasement Sold DOM9 Pihlman Place $         469,000.00 Colonial41.11Y $   450,000.00 135178 Weston Avenue $         499,000.00 Ranch311N $   475,000.00 2082 Woodland Road $         509,000.00 SplitLev321Y $   498,000.00 5521 BRIDGE ST $         529,000.00 CapeCod321Y $   535,000.00 13132 North Hillside Ave. $         529,000.00 CapeCod321Y $   502,500.00 2589 ELMWOOD AVE $         589,000.00 CapeCod421Y $   575,000.00 865 Raymond Street $         594,900.00 SplitLev321Y $   607,000.00 14148 CENTER AVE $         649,900.00 Colonial322Y $   649,900.00 43277 HILLSIDE AVE $         649,900.00 Colonial31.11Y $   625,000.00 308 BARTOW LN $         689,000.00 Co...
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