But ”first-time home buyers” only have until December 1, 2009 to purchase their principal residence to take advantage of the credit.

The National Association of Realtors (NAR) has a very valuable website: http://www.housingmarketfacts.com/ with easy to understand question and answers for first-time New Jersey home buyers.

With historically low interest rates today (yes we are seeing them start to creep up!) and affordable housing prices in the key Midtown Direct communities of South Orange, Maplewood, Millburn/Short Hills, Summit, Chatham, Madison, Montclair, Glen Ridge and Westfield, as well as Livingston, West Orange and Springfield…

NOW IS THE TIME

FOR FIRST TIME HOME BUYERS

 TO TAKE ADVANTAGE OF

NEW JERSEY HOME OWNERSHIP!!!

New Jersey Homes for Sale

Contact Perri K. Feldman for more information
about Homes for Sale Along and Adjacent to the Midtown Direct Train.

Perri@MidtownDirectHomes.com

What are the prices of the homes selling in Summit, NJ?

8   Under $500,000
2   $501,000-$600,000
6   $601,000-$700,000
4   $701,000-$800,000
3   $801,000-$900,000
3   $901,000-$999,999
5   $1,000,000-$1,500,000
3   $1,500,001-$1,999,999
4   $2,000,000+

Why buy a home in Summit, NJ? NJ Magazine ranks Summit High School #20 in the state, the Midtown Direct Train Express puts you at Penn Station in twenty minutes and the vibrant downtown has shops/restaurants for your every need.

Contact Perri K. Feldman to learn more about living in Summit, NJ 973.650.4727 or Perri@MidtownDirectHomes.com.

But the good news is…22 homes are under contract at an average list price of $895,342.

The even better news, is that homes are selling both under $600,000 and over $1,000,000+

6   Under $500,000
5   $501,000-$600,000
2   $601,000-$700,000
2   $701,000-$900,000
2   $901,000-$999,999
5   $1,000,000+

Madison is a beautiful community, rich in history with two Universities and a newly renovated train station that makes the 5o minute train ride into Manhattan via the Midtown Direct even that much more enjoyable.

Want to learn more about buying a home and living in Madison, New Jersey? Contact Perri K. Feldman @ 973.650.4727.

Now is a great time.

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 homes that are selling?

Of the 35 homes that went under contract in the last 30 days, the average list price was $449,494.

4   Under $200,000
6   $201,000-$300,000
5   $301,000-$400,000
7   $401,000-$500,000
8   $501,000-$600,000
3   $601,000-$700,000
1   $701,000-$999,999
1   Over $1,000,000+  

However, the average list price of the 11 homes that just went into (3 day) Attorney Review is even lower…$435,900.

First time home buyers are getting the jump at low interest rates, $8000 credit and reasonable home prices. Not to mention the twenty minute commute from Maplewood, NJ into New York City via the Midtown Direct Train.

Contact Perri @ 973.650.4727 to learn more about buying a home in Maplewood, NJ.

Forty homes have gone Under Contract in the past month.
The average list price of these homes is $611,694.
Ten Homes are in Attorney Review
with an average list price of $506,399.

What does this mean for Livingston, NJ home buyers?

With pretty much the same number of homes on the market as last year (158) and the average price of all homes on the market in Livingston at $870,195, this is the time to buy your first home at a Great Price in a terrific community.

Homes under $600,000 are being gobbled up:

7   Under $400,000
10 $401,000-$500,000
9   $501,000-$600,000
3   $601,000-$700,000
3   $701,000-$800,000
5   $800,000-$999,000
3   $1,000,000+

Want to learn more about Livingston, NJ Real Estate? Call Perri @ 973.650.4727 or email at Perri@MidtownDirectHomes.com.

So what priced homes are selling in South Orange, New Jersey?

Twenty-Three homes went Under Contract
in South Orange, New Jersey this past month.

3   Under $300,000
8   $301,000-$400,000
2   $401,000-$500,000
2   $501,000-$600,000
5   $601,000-$700,000
2   $701,000-$999,999
1   $1,000,000+

The average list price of those homes was $506,300 and they were only on the market for 69 days on average.

How does that compare to last year? Pending sales are down about 18% from the same time period in 2008.

What does that mean for home buyers in South Orange? With historically low interest rates and terrific prices, now is a great time to buy a home in South Orange. Call Perri @ 973.650.4727 or email  to learn first hand about South Orange real estate for sale.

How is the Millburn/Short Hills Real Estate Market?

 Houses are moving after a sluggish early spring,
especially if they are priced right!

And, what priced houses are moving?

In the past month, 35 homes have gone under contract at all different price points

5   Under $500,000
6   $501,000 to $750,000
4   $751,000 to $999,999
11 $1,000,000 to $1,499,999
5   $1,500,000-$1,999,999
4   $2,000,000+

Short Hills Median List Prices are falling whereas Millburn Median List Prices are holding pretty steady.

Want to learn more about the Millburn/Short Hills Real Estate Market? Call Perri K. Feldman @ 973.650.4727 or email Perri@MidtownDirectHomes.com

Be a part of the Number #1 School System in New Jersey. Move right into this wonderful side-hall Colonial in the Wyoming School District.

Call Perri @ 973.650.4727 for more information or to preview this home.

OPEN HOUSE

SUNDAY APRIL 17TH
1PM TO 4PM

Just in time
to take advantage of all that Livingston
has to offer in the Summertime!!!

Please join us on Sunday.

If you have any questions about this wonderful home,
please call Perri K. Feldman @ 973.650.4727.

You can also visit 30GlendaleAve.com
for additional pictures and floorplans.

OPEN HOUSE

Sunday April 19, 2009
1pm-4pm

29 Briar Cliff Road
Livingston, New Jersey

Just in time for Mother’s Day, the perfect home comes on the market in Livingston.

Please join us on Sunday. If you have any questions about this wonderful home, please call Perri K. Feldman @ 973.650.4727.

You can also visit 29BriarCliffRd.com for additional pictures and floorplans.