
Glen Ridge NJ Real Estate Sales Report for July 2011
- By Lina Panza
- Posted



Home sellers in Glen Ridge and Montclair often ask me- should I renovate my kitchen before putting it on the market? There is not always a straightforward answer but this may lend some insight.

Some of my seller clients spend several months and thousands of dollars upgrading a home before putting it on the market. But for homeowners who are short on time and cash, there are some very effective smaller projects that will increase value and reduce [...]

After 12 months of declining year-on-year home sales (due in large part to the post-tax credit hangover of last April), the middle of May saw NJ's first increase in the number of new contracts written. However, unsold inventory continues to be higher that last year's. In June, there were an average of 268 homes on the market in Montclair as [...]

As a New Jersey Realtor, I could theoretically help a client buy or sell a home anywhere in the state. Practically speaking, though, this would be, well, impractical. I don't know a whole lot about the South Jersey suburbs of Philadelphia, for instance. I do know a lot about [...]

Seeing a lot of "For Sale" signs around town? Last month in Montclair there were 294 homes on the market as compared to 235 from May of 2010. That's the bad news. The good news is that 30 homes sold, the same number as last May. It took on average 17 days longer to sell a home this May as days-on-market increased from 61 to 78. Median [...]

Real estate is always a "good news-bad news" business. The most obvious example of this is an overheated market: great news for home sellers, lousy news for home buyers. An article I read recently in [...]
