Realty Executives Elite Homes
The Market in Nutley NJ is shifting, the higher interest rate is squeezing the buyer pool and there are less buyers out there, so the way to fill the gap is Marketing!
There is no doubt that the housing market is hot right now in Nutley and the economy is in quick but sluggish recovery mode, especially with all the stimulus the Fed has been pumping into the system, and this is not 2008 all over again.
This housing market in Nutley is the result of a perfect storm, super low interest rates, with an underbuilt market since 2008 that has not kept up with population growth and then boom a pandemic where people are trying to flee to less congested areas to live.
So here we are in 2021 whats next? well my opinion is that we are going to be in this type of market for at least another 6-9 months and as people become more comfortable and employment stabilizes more homes will hit the market and demand will slow starting first quarter of 2022 but not as much as you will like, we will still be seeing multiple offers on homes etc. in 2022.
But we will also see higher interest rates as well, and while builders play catch up with the market and materials become more available, the market will go back to normal in Nutley but probably not until 2023, current home owners in Nutley have an opportunity to sell now and get the most for their home because I do think next year this time we will see a little lower pricing but still competitive.
CUSTOM BUILT BRICK COLONIAL! with real stucco facade, if you like newer then this is the one, located in a great part of Westfield, minutes from NYC train, access to GSP & RT 22, this home features a total brick exterior with paver driveway and solid granite stairs, open floor plan, crown molding and wood floors throughout, granite counters with stainless appliances, full walk attic for storage, 2 gas fireplaces and finished basement, with a HUGE fenced in yard, 2 heating systems forced hot air and base board with central air, new furnace and hot water heater with 200 Amp service, You'r going to love this open floor plan with a custom built kitchen made for a Chef, this home was built for entertaining, set up a showing today!!!
Realty Executives Elite Homes in Nutley Has The Best Online Presence In Northern New Jersey, And is the only Realty Executives Office Located in Nutley New Jersey 12 Miles Outside of New York City We Focus On NYC Home Buyers Looking For Family Friendly Homes in Essex County, Bergen County & More. We Have Homes in Nutley, Belleville, Clifton New Jersey.
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