Check out this great article from CNBC.com that discusses the fading ‘Fear Factor’ in American consumers regarding real estate investment. CNBC believes the market will rebound significantly as reduced asking prices coupled with rising rent costs and an improved job market embolden would-be buyers. We are seeing similar positive signs as our open house attendance is drastically higher than last year and sales through the first three months of 2012 are much stronger across the market
Short Hills Millburn Real Estate
55 Minnisink Road in Short Hills, NJ. Asking $4,900. 3 bedrooms, 2 beautiful new full baths. Two car garage. Located on one of the most prestigious streets in Short Hills. This rental will go fast. Call 201-978-2681 for more details. Photos to be posted tomorrow.
New Construction Open Houses on Sunday, April 15 from 1 to 5 pm
Come to our two new construction open houses this Sunday. One of our sales associates will field any questions you might have regarding the individual property or your search for a new home in general. Our sales associates are highly learned in the differences in new construction quality and can shed light on why the following new construction homes are worth more, both in the short term (enjoyment, highest quality finishes) and long term (resale value), than any other new construction in Short Hills. If you are interested in new construction and want a customized home, our associates can show you floor plans and take you to the new development projects we represent in town.
- 16 Fairfield Terrace, Short Hills. Asking $2,499,000
- 80 Mohawk Drive, Short Hills. Asking $2,799,000
New Construction Project in Development
Come to our open houses this Sunday from 1 to 5 pm. One of our sales associates will be in the following homes to field any questions you might have regarding an individual property, Millburn/Short Hills townships, or your search for a new home in general.
One of our new exclusive listings, 258 Long Hill Drive, Short Hills is a magnificent 8600 square foot luxury home with 15 grand rooms, including 8 bedrooms, 7 full baths, and gourmet eat-in kitchen adjacent to the family room with fireplace. Sleek, elegant butler’s pantry leads to the formal dining room with large bay window. The luxurious master bedroom features a fireplace, master sitting room, two grand walk-in closets, and a spa-like bath. Beautifully finished lower level with recreation room, au pair suite, and exercise room. Walking distance to Hartshorn Elementary School. Currently under construction, should be finished by end of July 2012. Buyer can customize the interior of the house, select kitchen, tile, countertops, bathroom fittings, paint colors, as well as several other amenities. Bus service is available to Millburn Middle School and Millburn High School.
For those who have been following the real estate market nationally and locally in Short Hills/Millburn, you’ve probably seen that the market is beginning to trend upward. The national real estate market is clearly an entirely different story with far more complex variables. However, locally, in Short Hills/Millburn we have seen very positive signs, indicating a market rebound from an immediate and long term perspective. The air is certainly thinner the higher you go in asking price, but we’ve seen that homes for sale in Short Hills & Millburn with an asking price of 1.5 million and below are trading extremely quickly, usually with multiple offers that push the sales price near asking, if not above. Read the following article from Barron’s to get more information and insight on how the market is heating up.
Homes For Sale In Short Hills / Millburn Below $1,500,000
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