Realty Executives Elite Homes
Fully renovated starter home, move in ready, on double lot, 3 car driveway,Backyard with newly installed pavers, newly constructed garage with an additional driveway. 1st floor features open concept living room and kitchen with island and quartz counter tops and brand new stainless steel appliances , half bath , and mud room that leads to the backyard. Full height finished basement with brand new washer and dryer. New Water heater and Furnace. 2nd floor features 2 bedrooms , and 1 additional room that can be used as an office. Full bath. Easy NYC commute, Close to all major Highways, 15 min drive to Newark Airport, Close to Kean University, and major store outlets
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NUTLEY, NJ — According to local real estate agents, the COVID-19 pandemic threw the housing market into chaos, seeing many people selling their homes and moving somewhere with more space, as they spent more time than ever at home. Matthew De Fede, a broker at Nutley-based agency Realty Executives, said there is still an inventory issue as 2022 begins.
“We’re still reeling from the pandemic,” he said in a phone interview with the Nutley Journal on Friday, Jan. 14. “In 2008, builders got gun-shy, and building didn’t keep up. Then the pandemic forced a lot of people in more densely populated areas to look for more space. That caused a supply and demand issue.”
Many people in New York City, Jersey City and other highly populated cities in the area decided to move out of their apartments and into houses when the COVID-19 lockdown extended into the later part of 2020, when they realized that everyone being at home full-time was not as temporary a situation as they’d originally thought.
“We were in a pretty even market before,” De Fede said. “But the difference between now and in 2008 is that this is not a housing crisis, it’s a health crisis. With a lot of people still working from home, I think we’ll see a shift in the next 10 years.”
There are a lot of empty homes in the cities that many left in the last two years, according to De Fede, who added that rent and appraisal prices are going up as a result. De Fede said the housing frenzy will settle around the third quarter of the year, so now is the time to sell a house.
“If you’re sitting on a house that you’ve owned for 20 or 30 years, right now is when you’ll get the most,” he said. “It’s a heavy seller’s market.”
Something else that is happening in the real estate market, De Fede said, is that more people who are buying homes are buying older ones and renovating them, rather than waiting for new construction to be ready. A lot of the reasoning has to do with supply chain interruptions; materials have long wait times.
“You can’t get supplies, because everything is delayed,” De Fede said. “It’s a perfect storm of everything. Upgrading isn’t as expensive as building from scratch, because an existing house already has a foundation. You don’t have to worry about it.”
Matthew De Fede | Broker/Owner | Realty Executives Elite Homes | C: 862 228 0554
Here we are January 21st, 2022 and the Real Estate market in Nutley seems like it's on fire, we are all asking the question this year, will there be a crash in the Real Estate Market in Nutley NJ?
There are a couple of things going on right now they may cause people to think that the market wil start to shift by the end of 2022, right now buyers are chashing the rising interest rates out there, while home buyers are waiting to put their home on the market because they are either think it will go up in value or they have no idea where or what they would be able to buy when they sell their home.
Right now we know rates are going to rise and also we have the issue of building material and labor, covid has caused a back log of supply chain issues accross the globe and the U.S. is no excpetion.
We are in the perfect storm in Nutley, home owners that are not ready to put there home on the market and a whole generation that is ready to buy, builders not keeping up with population demand and building materials becoming to expensive to build, we are dealing with a pure supply and demand issue here.
My advice if you are a home buyer move quickly, if you are a home seller, move quickly as well, because even if prices do come down at the end of the year mortgage rates will be higher and higher rates mean lower priced homes but higher mortgage payemts, but less buyers.
Lets see what 2022 brings us!
How to get a home in this very competitive Nutley Real Estate Market
Here are several tips from my experience as a Real Estate Broker in Nutley NJ, that may help you buy the home of your dreams today.
The very first and most important thing I would do is not only get pre-qualified but actually get a mortgage commitment in place before you even start to shop for a home, that will give you an edge over the competition.
The second thing I would do is find a real estate agent in Nutley that knows the town, knows the area and also knows the Building codes as to not run into any hurdles when you find that dream home in Nutley NJ.
The third thing is to pre-qual yourself for the market, look at homes that have been listed and sold for the past six months in Nutley, look at how many days they were on the market what it was listed for and what it actually sold for, gather your market intelligence so you know what to expect when you submit your offer, a knowledgable realtor in Nutley, NJ can help you with all that information.
Fourth, come up with a plan, you and your agent should have a strategy when going out house hunting, and that is exactly what we are doing is hunting for that home that fits your needs.
Last but not least, be prepared to concede some wants in your new Nutley home, if you can satisfy 90% of your current home needs that's not a bad deal, I always tell clients to buy with a need in mind, the wants can always come later, you can grow into your home, I always say you can always change the house but you can't changes the area.
If you have anymore questions about buying your dream home in Nutley, NJ you can always call or text me at 862-228-0554
Present or past, time in Jefferson Township is easy to enjoy. The northwest corner of Morris County includes Lake Hopatcong, as well as numerous smaller lakes and ponds throughout, many a product of the Rockaway River which rolls south out of Sussex County through the Berkshire Valley on the township's east side. Near the county's highest elevation, at the top of Bowling Green Mountain, Headley Overlook watches over the Rockaway River Wildlife Management. The overlook is a popular spot for the thousands of hikers and campers that know the pleasures of Mahlon Dickerson Reservation, which, encompassing 3,200 acres of near wilderness and recreational areas, is the county park system's most impressive outpost. Named for New Jersey's seventh governor (1815-1817), the hills of Mahlon Dickerson are yet another signature for Northwest New Jersey's role in nineteenth century America's industrial development. Dickerson, and his family before him, was, in fact, a powerful force in the Mt. Hope mining community a few miles to the southeast. But there is evidence of mining settlement throughout the park, many of which were no doubt inspired by the successes at Dickerson Mine.
You can get a feel for Jefferson and have a nice afternoon adventure on a loop more or less around Bowling Green Mt., starting in and up the Berkshire Valley to Petersburg, over the mountain through Milton and Jefferson (town), and back through the Weldon Brook Valley along Weldon Road towards Lake Hopatcong.
Berkshire Valley Road heads off State Highway 15 up the valley with the Rockaway on the right, the mountain to the left. Past Longwood Lake, then the hamlet of Woodstock, you'll see evidence of county park domain at the Berkshire Valley Golf Course on the right and a lake called Swannanoa on the left. Before the Revolutionary War, this area was called Petersburg Forge, referred to years later as Petersburg. In the early 1900s, Alfred T. Ringling, fourth oldest of the seven brothers who founded the Ringling Brothers Circus, built his estate here as well as several other buildings that still stand on both sides of the road.
By the time he completed his mansion in 1916, Ringling probably spent more than a million dollars establishing his 1000-acre property, including a 28-room manor, arched horseshoe gates, gate houses and outbuildings, all built with native stone. The mansion is said to be made with poured concrete.
Other buildings functioned as part of the circus business and included a theater, carriage house, houses for the big cats and elephants, and a unique arrangement where monkeys were housed in a portion of the stone silo-like water tower. To provide a reliable water supply for his animals, Ringling constructed two dams along a natural pond or two fed by a branch of the Rockaway River. The original natural ponds became today's Lake Swannanoa.
In about 1917, Alfred's son, Richard T. Ringling, formed his own circus on his father's estate, also using it as a winter quarters. To avoid confusion with his father's extravaganza, Richard reversed his name before attaching it to his own young circus, the R. T. Richards Circus. It lasted only a few years.
Map of Jefferson NJ (Oak Ridge)
Check out this 3 Bedroom 1 Bath Ranch at Shady Lake in Oak Ridge NJ (Jefferson NJ)
Great opportunity for a first time home buyer that wants a cozy lake home on Oakr Ridge New Jersey, If you like a quiet relaxing setting and at a great value.
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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