If you’re struggling to find a renovated historic home with single-floor living and high-quality finishes, don’t miss the open house we’re hosting this Sunday, May 15th, 2016 from 1-4pm at 367 Route 513 in the Califon section of Lebanon Township, near the Ken Lockwood Gorge. This home had a recent expansion designed by noted local architect, Ed O’Brien, AIA and marries the charm and character of older homes with the conveniences of modern living accented by gorgeous perennial gardens and flowering trees.
More information about the property is at www.367route513.com.
If you can’t join us at the open house and would like to see the home, contact listing agent, Robin Eskind (office: 908-975-9756; cell/best: 908-361-1857, to set up a showing at a time that’s convenient to you.
This move-in ready, sunny 4 bedroom 2.1 bath colonial is set on 3.55 low-maintenance, professionally-landscaped acres in a cul-de-sac setting with mountain views and southern exposure. The home features an open floor plan, large rooms, an eat-in kitchen with large center island, pantry & Sub-Zero refrigerator, 1st floor laundry room, office, family room with stone surround wood-burning fireplace, living room with large window with views, master bedroom with large walk-in closet and en-suite bathroom, second bedroom with en-suite bath, and large two-car garage. Exterior features include circular driveway, two tier deck, and sprinkler system.
For more information, visit www.9bridgehollow.com. With questions or to set up a time to see this beautiful home, contact listing agent, Robin E. Eskind at 908-361-1857 (cell) or 908-975-9756 (office).
Ever wished that you could live with your horses but still be close enough to Route 78 that you had a reasonable commute? Ever wished that you could live with family with two separate homes side-by-side? If your answer to either of these questions is “yes,” stop by the open house we’re hosting this Sunday, March 6th, 2016 from 1-4pm at 24 Welsh Road in Tewksbury Township. More information about the property is available at www.24welshroad.com
If you can’t join us at the open house but would be interested in visiting the property, contact us at 908-975-9756.
28 Guinea Hollow Road in Tewksbury Township is now priced at $475,000. This updated, 4 bedroom, colonial home is perfect for a buyer looking for a retreat-like property in a nature-rich setting but still close to commuting, shopping, and/or schools.
For more information and/or to schedule an appointment to visit this home, visit www.28guineahollow.com or contact listing agent, Robin Eskind at 908-361-1857 (cell) or 908-975-9756 (office).
Looking for a property for use as a farm or potential subdivision? The price of 46 Haytown Road in Clinton Township has been reduced to $1,099,000. The property is a beautiful and rare secluded 27.5 acres in farmland assessed with a stunning custom home featuring large eat-in-kitchen, center island, butler’s pantry/mudroom with additional sink, master bedroom with en suite bathroom, walk-in closet, second floor laundry, many additional closets for storage, and huge unfinished attic space suitable for finishing as bonus recreation room with rough HVAC & electric already in place,3-car attached garage, full wrap-around porch, slate roof and in-ground pool.
For more photographs of this beautiful property, visit www.46haytown.com. To make an appointment to see this remarkable property, contact listing agent, Jennifer Vellanti, at 908-442-6523 (cell) or 908-975-9756 (office).
According to the Garden State Multiple Listing System (GSMLS), in 2014, 84 properties in Tewksbury Township closed. On average, these homes sold at 93.7% of their final list price. The numbers regarding 2015 sales were strikingly different: 79 properties closed and the average sale price to list price ratio was 96% (in 2013, it was 88 sold properties and the ratio was 95.7%). We watch local sale to list price ratios as an indication of buyer tolerance for overpricing. In other words, if we assume that a buyer won’t buy a home for over its market value (of course, market value is nothing more than just the number where both the buyer agrees to buy and the seller agrees to sell), if we see this ratio at a lower number, it indicates that buyers are willing to make offers on houses even where there’s a large divergence between what the asking price is and market value. If the ratio is high — close, at, or over 100% — that shows that deals come together when homes are priced very close to their market value.
What this means if you’re a seller. In a market with a high sale price to list price ratio, a seller is advised to pay close attention to the interest in their home at their asking price because if there isn’t significant buyer interest at a particular asking price, it may be that the seller’s perception of the market value of their home is out of line with the perception of buyers in that market.
What this means if you’re a buyer. Buyers in a market with a high ratio should expect stiff competition from other buyers if they see a home priced close to market value and on houses priced above market value, buyers should be encouraged to make offers, despite the gap between asking price and what they think the market value of the home is, i.e., to wait for the seller to drop the price to closer to market value before making an offer could be a losing strategy because it might only mean waiting to make an offer in an environment of competition from other buyers.
Now what? If you would like an analysis of market trends more specific to your particular situation, let us know and we’d be happy to share our insights with you to give you an advantage in the market whether you’re buying or selling. Call us at 908-975-9856 or contact us through our website.