Maplewood, NJ Real Estate News

By Alex and Deirdre Silberman
(Keller Williams)
  I should be your Realtor because I’m the best! I’m the best agent in the area and no one comes close to me. No one touches my dominance on facebook, Twitter, my 30 Blogs, and I have a street named after me. I'm so good that we need a new word to describe how great I am. I am your super Realtor!Does this sound familiar? Realtors must often self promote in order to compete in crowded markets. Somewhere along the line however the focus often shifts away from the client to themselves.Who is the audience for this type of promotion? Is it a prospective client or is it the agent himself? For ha has, I just ran a Google search on ‘best real estate agent’ and there are 127 million results! I then ran a search for the best real estate agent in New Jersey and luckily I was able to reduce that t...
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By Alex and Deirdre Silberman
(Keller Williams)
  In a surprise move, governor Christie has slashed state aid by 80.9% to Maplewood and South Orange.Millburn, Summit, Livingston, and Madison (along with others) saw a 100% cut.    Superintendent of schools, Brian Osborne released a statement yesterday:    "This is an unprecedented blow to the district and to public education statewide. Yet we are a resilient community with strong schools, a caring staff, great kids. We will all need to sacrifice and come together to put our children first."    The Board of Education is scheduled to meet on March 22 and then conduct a budget workshop on March 24. If you have something to say, call your local and state government!
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By Perri K. Feldman, NJRealEstateWire.com
(Keller Williams of Essex, Union & Morris Counties)
In 2009, Maplewood, NJ (07040) saw real estate prices fall far less than the national average. The ease of commute to New York City on the Midtown Direct train line and wonderful downtown have kept housing prices in line. Based on figures released from GSMLS, 232 homes sold in Maplewood, NJ in 2009 with an average list price of $474,645 and average sale price of $476,220 (only 8% off 2008).  2010 has rolled in with a bang in Maplewood, NJ with many multiple offers and homes under contract over the initial asking price. To learn more about Maplewood, NJ, visit www.NJRealEstateWire.com
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By Alex and Deirdre Silberman
(Keller Williams)
  The usold inventory in New Jersey is the lowest it’s been in four years, according to the Otteau Valuation Group. This is something that most realtors in the area already knew instinctively. Are fewer homes on the market, or is level of sales activity higher so that the homes that did come on the market get sold quicker?   Town 2008 Q4 Sales / Month 2009 Q4 Sales / Month Millburn 8.3 16 Maplewood 16 22 South Orange 15 18.3 Summit 10.7 15 Westfield 12.3 21.3 Livingston 13.7 19.3 Chatham Borough 3 8 Chatham Township 4.7 9.7 Madison 8.3 13.7 Berkeley Heights 8.3 10 New Providence 6.7 8.3   Clearly the level of activity in the 4th Quarter has been much higher than the previous year. In addition, Otteau is reporting that the core markets (such as the towns above) have stabilized and the ou...
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By Alex and Deirdre Silberman
(Keller Williams)
Maplewoood NJ Tax Re-Valuation Appraisal process explained. In this video, Appraisal Systems explains the tax re-valuation process for Maplewood. For more information on how this might affect your plans to buy, sell, or invest in Maplewood real estate, call me at 973/2190-9200 or visit my website Great NJ Properties
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By Alex and Deirdre Silberman
(Keller Williams)
  Appraisal Systems has been selected to conduct the Maplewood NJ Tax re-evaluation process. As just about any Maplewood homeowner can verify, property taxes are a source of great interest and concern. In this video from Patch.com, Appraisal Systems CEO Ernest Del Guercio explains the appraisal process for Maplewood. Also, the Appraisal Systems website has posted a powerpoint of how the re-evaluation will be conducted. Tax Re-Valuation Powerpoint.
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By Alex and Deirdre Silberman
(Keller Williams)
  Maplewood NJ December / Q4 Numbers Are finally Out!   There must have been a ton of numbers to crunch, but the results are in. The following is for the entire 4th quarter of 2009:       2006 2007 2008 2009 Average # Of Offerings/Monthly 24.0 27.0 26.3 23.3 Average # Of Sales/Monthly 24.3 19.7 16 22.3 Supply & Demand Ratio 101% 73% 61% 96% Unsold Inventory 81 108 120 93 Projected Absorption (Months) 3 5 8 4     Clearly 2009 did not have the weakness of 2008 and the supply and demand ratio resembles the market high of 2006. 4 months of available inventory signifies a strong seller’s market.  For more information on how this affects your plans, contact me at 973/219-9200 or www.greatnjproperties.com.     Analysis and forecast courtesy of the Otteau Valuation Group  
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By Alex and Deirdre Silberman
(Keller Williams)
As wise investors know, once a trend is obvious, the greatest opportunities are already past. We certainly are hearing that we’re in the throes of a mild recovery, however many buyers are still cautious about taking the plunge.November’s numbers from Otteau confirm that our local market is rebounding ahead of the curve.Essex, Morris, and Union Counties all hover between 7-8 months of inventory, which is the equilibrium point between a buyer and a seller’s market. This is in sharp contract to the same time last year where it was a strong buyer’s market. Towns like Millburn, Maplewood, South Orange, Chatham, Madison, Berkeley Heights, New Providence and Summit are already well ahead of their respective counties availability. If we take the Summit numbers, we see that 37 homes are in the $...
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By Juliet Johnson, Jacksonville Photography & Digital Marketing
(Vizzitopia)
Recent Staging before I started to close up shop to move down to Myrtle Beach.  All we really did was remove all the wallpaper and repaint.  Sadly I don't have befores of when the wall paper was up.   Are these After pictures not the worst in the world?  I didn't get back to take my own, but thought, oh well, not to worry.  The listing realtor is a high volume lister, she'll have lovely photos.  Not a bit of it!  If there was money spent on a professional photographer, that money should be rebated with penalties and interest. Here's what they've put on the MLS as the theater space ~ a big selling feature for the home - the entire attic is a theater, pool table, fun entertaining kitchen - awesome!  But here's the representation, the enticement to get buyers to come see the property -----...
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By Alex and Deirdre Silberman
(Keller Williams)
When we love what we do, it's not work. Labors of love don't quite feel like labor, and sometimes good deeds do go unpunished.This is about a very small contribution I'm very proud of. About a year ago, I started a not for profit collective of musicians to bring live music back to our community. Maplewood and South Orange are some of the communities I serve, and in very short order the three clubs that staged live music closed. Business acumen, musicians, and alcohol don't seem to be a recipe for success (imagine that). The economic downturn was simply too much for the local clubs to ride out.Solely with the selfless help of local musician volunteers, we staged our first show to rave reviews (much to everyone's surprise). We got coverage from the NY Times, several local newspapers and ...
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By Juliet Johnson, Jacksonville Photography & Digital Marketing
(Vizzitopia)
  Most staging projects wind up with dramatic differences.  It's why we all take, and love to look at other people's, Before and After pictures.  Here's a project this week - one of 5 homes that had to suddenly be rushed to market this week and next. (mainly for job relos) - where the day I had to photograph was dark... so the staged photos don't look as dramatic as the transformation really was. A simple house, with a lovely porch, huge deck and nice backyard, this 5 BR is split into 3 floors as a 3 and 2.  Narrow, but with lovely high ceilings and period detail. One of those awkward diagonal fireplaces though in the Living Room. How I do hate those!   The real fun for me with these pix is that the homeowners understandably had nowhere else to put a large piece of furniture and so they...
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By Perri K. Feldman, NJRealEstateWire.com
(Keller Williams of Essex, Union & Morris Counties)
You Betcha!!! Thirty five homes went under contract in Maplewood NJ in the past 30 days and 11 have just entered attorney review. Maplewood is HOT! Is it the 30 minute commute into NYC via the Midtown Direct train or the vibrant downtown that is bringing buyers? There are currently 140 homes for sale in Maplewood, NJ with an average list price of $526,605. But what are the prices of the 35 homes that are now selling? 4   Under $200,0006   $201,000-$300,0005   $301,000-$400,0007   $401,000-$500,0008   $501,000-$600,0003   $601,000-$700,0001   $701,000-$999,9991   Over $1,000,000+   Want to learn more about buying a home in Maplewood, NJ? Visit NJ Real Estate Wire  
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By Juliet Johnson, Jacksonville Photography & Digital Marketing
(Vizzitopia)
Delightful, warm and elegant 4 bedroom, 3 bath home in Maplewood, NJ in previews now - to be seen by all when it comes to market officially in January, 2009.           ===================================================================================== Juliet Johnson Staging provides home staging and online marketing services to the luxury real estate market of suburban NJ, specializing in the $1 - 3 million niche.    
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Maplewood's residential listings were up by 8%, with a lower average price of $466,646. New listings were down in volume but up in price at $534,92, a 9% increase over last year. Properties scheduled to close were up at 25 for the month, verses 16 for the same period, last year, with an average price of $525,915. slightly down from last year. There was a variance of one for the sales for the month of August, with an average price of $578,778 up by 5% over last year.
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Have you ever wonder how TV and film animation come together. Well, wonder no more. November 5, 2008 is your opportunity to meet Rick Parker, animator of Beavis & Butthead. Mr. Parker will provide teens with insights on how to develop animation for cable television and film, as well as the road to a career in animation. The presentation will take place at the Main Library, located at 51 baker Street in Maplewood, commencing at 5:00 pm. for more information call 973-762-1622 ext. 5001 or contact Timur A. Davis tdavis@maplewoodlibrary.org      
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
On Thursday, October 23, 2008 you are invited to attend A New Era of Rights and Responsibilities:Civil Unions, Marriage & Estate Planning for Same-Sex Couples, in Maplewood, New Jersey. Challenges facing same sex couples necesitate customized estate planning to ensure that surviving loved ones are protected. The symposium will consist of a panel of professionals to include: Parinaz Cole, Financial Advisor - Merrill Lynch Jim Cole, Financial Advisor - Merrill Lynch Debra E. Guston, Attorney - Guston & Guston, L.L.P. Christopher Bellis, Deputy Director of Development - Lambda Legal  The symposium will run from 7:00 - 9:00 p.m. at Cent' Anni Restaurant located at 5 Highland Place, Maplewood, New jersey 07040. While there is no charge, reservations are required. Light refreshments will be s...
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By Juliet Johnson, Jacksonville Photography & Digital Marketing
(Vizzitopia)
There is the national story of housing sales being down, prices being down and the days on market being at record lengths.   Then there is the local story.  In Maplewood, the number of houses that went under contract in September 2008 is actually UP by 31%.  Further, in the upper end, there are still multiple bids!!!!   You'll hear the story from mega-realtor, Robert Northfield as he tells you about how real estate works in his town - Maplewood, NJ. Juliet Johnson serves the luxury real estate market of suburban New Jersey with home staging and web 2.0 marketing expertise.
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By Perri K. Feldman, NJRealEstateWire.com
(Keller Williams of Essex, Union & Morris Counties)
There are currently 140 homes for sale in Maplewood, New Jersey...the same number that was on the market last year at this time. In September, 2008, the average list price of homes in Maplewood, NJ was $528,679. The average sales price of the sixteen homes sold was just below that at $521,843. Average Days on Market was 73. Maplewood, NJ Homes Sold September 2008 Address Sale Price 19 Hickory Dr $911,000 665 Prospect St $901,500 23 Hoffman Street $756,000 513 Richmond Ave $600,000 8 Sunset Terr $590,000 636 Ridgewood Rd $585,000 21 Oberlin St.  $575,000 12-14 Wellesley $555,000 125 Oakview Ave $539,000 74 Park Avenue  $519,000 46 Plymouth Ave $445,000 10 Midland Blvd $425,000 3 Porter Rd $315,000 253 Burnett Ave $269,000 192 Burnett Ave $205,000 44B Meadowbrook $159,000 For the full st...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
The volume of listings were significantly less for July 2007, at 176 with an average price of $518,660 versus July 2008, which came in at 209 with an average price of $470,426. The change in price point represented a 9% reduction and the change in volume represents a 18.75% increase. The number of new listings was not far apart with July 2007 at 39 and July 2008 at 44. Here we see a reverse in pricing. Theaverage price point in July 2008 was $525,191, representing an increase over July 2007 by 5.5%. Now we come to the numbers reflecting the sales activity. July 2007 had 20 properties go under contract averaging $573,670 versus July 2008 with 21 properties averaging $543,090. Very close indeed. Finally, the month of July 2007 closed out with 35 homes sold averaging $601,626, while July 2...
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By Margaret "Maggee" Miggins
(Keller Williams )
Rich in history, the town of Maplewood is home to the historic landmark of The Durand-Hedden House & Garden.  This non-profit consists of a historic house from around 1790 that has been restored to show the continuum of its life from 1790 to 1930.  They hold open houses are each month with tours, children's activities and country store.  School tours are also available, along with a junior docent after-school program for members in third and fourth grade. More about the Durand-Hedden House & Garden can be found in the book Maplewood, published by Arcadia Publishing in 1999, available from bookstores like Amazon.com.  Open on Sundays from 1-4pm, September through June, the Durand-Hedden House & Garden is located at 523 Ridgewood Road in Maplewood.  You can call them at 973-763-7712.
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