Chatham, NJ Real Estate News

By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Real Estate Market Update for The Chathams, NJ - November 2, 2012 Real estate sales have been steadily improving - although only by smidgeons - in New Jersey.  Chatham Boro currently has only 40 homes for sale, which if you consider that 71 homes have sold so far this year, it is only a little bit more than a 6 month supply. The average sale price of homes in Chatham Boro is $644,585 Average days on market in Chatham Boro NJ is 68 days Chatham Township, NJ Homes for sale and sold report Currently there are 90 homes for sale in Chatham Township, and 119 homes have sold to date this year.  Also, north of a 6 month supply.  This translates into a buyer's market for both Chathams, though inventory at almost every price level is low. The average sales price of homes in Chatham Twp is $884,36...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Real Estate Market Update for Rosevalle Townhouses in Chatham, NJRosevalle, in Chatham NJ is an elite townhouse community offering luxurious 3 and 4 bedroom homes ranging in size from 3300 square feet to over 4100 square feet.  Open floor plans, gourmet kitchens, and top quality workmanship are what make these homes attractive to the sophisticated buyer.  Some models have first floor master bedroom suites.  There are five beautiful floor plans to choose from. Things are picking up for Spring 2012, 1 townhouse has sold and there are 5 under contract.  There are currently 8 townhomes for sale in Rosevalle.  All are 3 bedroom homes with an average price of about $1.2 million. The Rosevalle Community has great amenities that include a superb clubhouse with fitness center, outdoor pool and w...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Sutton Woods condos in Chatham, NJ Real Estate Market UpdateSpring has begun and we are seeing many new homes for sale in Sutton Woods, in Chatham NJ.This community has approximately 300 homes offering many amenities such as tennis, swimming pools and walking trails.  Conveniently located on the Summit border, it is close to downtown Summit shopping and restaurants.  Top Chatham schools and easy commute to NYC make Sutton Woods a desirable place to reside in Chatham, NJ.There are currently 12 condos for sale in Sutton Woods and there are 2 under contract. Of the 12 condos for sale: 8 are 1 bedroom condos ranging in price from $199,000 to $314,900 1 is a 2 bedroom condo for sale listed at $439,000 3 are 3 bedroom condos ranging in price from $519,000 to $595,000 Come see my newest listin...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Center Hall Colonial for Sale in Chatham, NJImpeccable 3 bedroom center hall colonial home for sale in Chatham NJ, located on Somerset Avenue, one of the best streets in the desirable Lafayette section of Chatham Borough.  This pristine home is located on a quiet, friendly street in the heart of the Lafayette Section - quintessential Chatham Borough.  And, conveniently located close to town, train and shopping. Bright living room with fireplace and sun drenched dining room are both gracious and bright.   The home at 8 Somerset Avenue for sale in Chatham NJ has been freshly painted and is move-in ready! Updated eat-in kitchen includes recessed lighting and plenty of space.  Brand new built-in  microwave, corner sink with windows above it.  Wood floors, pantry, plenty of room for a table ...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
2011 Real Estate Market Udpate for Sutton Woods Condos. Currently there are 10 condos for sale in Sutton Woods, Chatham.  These homes range from $199,000 for a 1 Bedroom, 1 Bath, to $625,000 for a 3 bedroom, 3 bath.  Sutton Woods is a condo community so attractive to buyers with its open floor plans, great amenities, and convenience to shopping, train and airport. There were 12 homes sold in 2011.  4 of these homes were 1 bedroom condos with an average sales price of $268,375.  3 of these homes were 2 bedroom condos with an average sales price of $373,333.  6 of these homes were 3 bedroom condos with an average sales price of $518,083. Although the number of Sutton Woods homes sold for 2011 were down by -29%, prices remain stable.  Sutton Woods still remains a popular choice for people ...
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By Bob Zorechak - ABR, GRI, e-PRO, Sells Homes in Morris/Somerset/Hunterdon Cos., NJ
(Keller Williams Realty Metropolitan)
   Chatham NJ Real Estate 2011 Annual Market Report Chatham Township                                by Bob Zorechak - GRI, ABR, e-PRO   Find out the latest real estate market information for Chatham Township NJ through 2011 in addition to a look back at the years in between to 2005. See what the trends are indicating and what is next for the Chatham Township NJ real estate market. If you are considering buying and or selling a home in 2012 in Chatham Township  NJ, this valuable annual market report is an absolute must read. Attention... all residential real estate is local! Not everything you read about online, in the papers and hear through major media outlets about the housing market is correct or relevant, especially when information is presented on a "national" or "regional" basis. ...
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By Bob Zorechak - ABR, GRI, e-PRO, Sells Homes in Morris/Somerset/Hunterdon Cos., NJ
(Keller Williams Realty Metropolitan)
   Chatham NJ Real Estate 2011 Annual Market Report Chatham Borough                                by Bob Zorechak - GRI, ABR, e-PRO   Find out the latest real estate market information for Chatham Borough NJ through 2011 in addition to a look back at the years in between to 2005. See what the trends are indicating and what is next for the Chatham Borough NJ real estate market. If you are considering buying and or selling a home in 2012 in Chatham Borough  NJ, this valuable annual market report is an absolute must read. Attention... all residential real estate is local! Not everything you read about online, in the papers and hear through major media outlets about the housing market is correct or relevant, especially when information is presented on a "national" or "regional" basis. Ther...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Schools Open this Week in Chatham, Madison, Millburn, New Providence, Summit NJ Today is Labor Day - the last day of the last official weekend of Summer!  Before I get on with some weekend things (not sure what since the bike ride I was planning with my brother today is going to be rained-out!), I thought I'd get out some information about our fantastic, top-rated public schools in Chatham, Madison, Millburn, New Providence and Summit NJ. School District of the Chathams Does everyone know that this prized school district services both Chatham Borough and Chatham Twp?    Chatham schools comprise of 3 elementary schools:  Washington Avenue School (K-3) with enrollment of 451 students; Milton Avenue School (K-3) with enrollment this year of 372 students; and Southern Boulevard School (also...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Things to do in and around Chatham NJ One of my favorite things about Chatham NJ is how much there is to do and how close it is to so many wonderful events and venues!  Many events and venues take place right here in Chatham NJ or in neighboring towns like Summit NJ, Millburn NJ, Madison NJ and Morristown NJ.  Others take place still near enough for day trips! Last week my husband and I took two trains right to Forest Hills NY to attend the US Open Tennis.   We took NJ Transit from Summit in to Penn Station where we then got on the LIRR for 2 stops.  Less than an hour from home, we were walking into the US Open grounds to enjoy a wonderful day of world-class tennis!  It was a beautiful, sunny, dry day and the ride was easy and uneventful.     What a beautiful thing ... an hour from our ...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Chatham NJ Real Estate Market Update This charming little town of Chatham is really two towns - Chatham Borough and Chatham Township.  Although the towns each have their own municipal offices, police dept, etc., they share the top notch School District of the Chathams!  This prized school system attracts families from all over to take advantage of a great education.  Of course, the charming village center, tree-lined streets and friendly neighborhoods all play their part as well. As a long-time resident and homeowner in Chatham NJ, first in Chatham Borough, now in Chatham Twp, I am keenly aware and interested in our real estate market.    Find Homes for Sale in Chatham NJ   Chatham Boro Mid Year Real Estate Update and Comparison  In the first half of 2010, 57 homes were sold in Chatham ...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Chatham Farmers Market Baking Contest 2011 One of my favorite things to do is to volunteer at the Chatham NJ Farmers Market.  It's a great way to be outside, meet people, see friends, shop for fresh, local food and give back to my community!  Today at the Chatham Farmers Market there was a baking contest.  I am grateful I was not a judge because everything was so very delicious that I would have had a very difficult time choosing any one of the 7 contestants as the first, second or third!  In my opinion, ALL entries were delicious, beautifully presented and fresh! Chatham is a terrific town to live in, with top-notch schools, a lovely and lively downtown with terrific restaurants and unique shops, an easy commute to New York on the Midtown Direct and beautiful neighborhoods with lovely ...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Chatham Farmers Market Chatham NJ has one of the best farmers' markets around.  Ok, I may be prejudiced but since I'm from Chatham, I believe I'm allowed! Our market manager, Janice Piccolo and a small group of dedicated volunteers work tirelessly to provide this much-loved venue for residents and visitors to Chatham Borough on Saturday mornings. The market hours are 8am to 1pm on Saturdays.  At the Chatham Farmers Market you will find fresh organic and conventional fruits and vegetables fresh flowers and herbs pickles, olives, etc home baked goods such as muffins, cookies, pies and cakes fresh baked breads local handcrafted cheeses specialty coffees and teas Polish sausages and delicacies Jersey sauces and salsas italian ices homemade biscotti frozen and fresh made meals to go home mad...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Just Sold by Trish Giassa and Keller Williams Realty: Sutton Woods Condo Keller Williams Realty and Patrizia "Trish" Giassa are pleased to announce another successful real estate transaction. Trish's listing at 238 Riveredge Drive located in the Sutton Woods Condo Community in Chatham NJ has been sold for $305,000. Sutton Woods Website  |  What's my home worth?  |  Search MLS to find your home                                               This beautiful condo with gleaming hardwood floors, eat-in kitchen, basement and attached garage sold in 92 days. Trish specializes in the finest condominiums and townhouses in Chatham and Morris and Union County NJ.  Sutton Woods and RoseValle luxury townhomes are both in Chatham, NJ.  The Madison Common is in Madison, NJ.  The Moore Estate in Convent...
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By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Chatham Twp, NJ 07928 - Flat Fee MLS Listing $395 8 ROBERT DR Chatham Twp, NJ 07928 - Realtors welcome, buyer agent commission paid at closing! 3 Bedrooms, 2.5 Bathrooms Desirable Rolling Hills location, almost one half acre. Walk to schools from this home. Chatham was voted best place to live & Top 10 High Schools by NJ Monthly magazine. Home has a finished basment rec room, 2 fireplaces, hardwood floors throughout including kitchen. 2 car garage, large blacktop driveway, patio and deck off kitchen. Storage shed in back yard. Close to all! Wonderful town! If you are interested in this Home for Sale By Owner in Chatham Twp, NJ 07928- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 2860380. You can make an appointment or ask any questions a...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Chatham NJ Real Estate Market Update Between the two Chathams we currently have 126 homes for sale with an average list price of $963,095, median is $792,000. 40 of these homes are for sale in Chatham Borough with an average price of $884,219. In Chatham township, 85 listings for sale with an average price of $1,002,080. Local builders are once again finding buyers for their new construction Chatham NJ homes and there are currently 5 new homes for sale in Chatham Twp NJ. 27 Chatham Borough and Chatham Twp homes are currently under contract or in attorney review. 263 Chatham NJ homes have sold in the last year. Chatham NJ has a balanced, stable market, where we have about 6 months of inventory, based on recent sales. Chatham NJ homes for sale                 What's my Chatham NJ home wor...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
Sutton Woods Latest Condo Sales & Market Update May 2011.                         Sutton Woods, Chatham NJ Website Spring has sprung in Sutton Woods and the real estate activity is brisk and positive!  Currently there are 8 condos for sale in Sutton Woods; 1 in attorney review; 5 under contract.  16 condos with an average price of $418,813 have sold in Sutton Woods in the last 12 months compared with only 12 the previous 12 month period. Recent sales of condos in Sutton Woods, Chatham NJ include: 191 Terrace Drive, a Fairfax model with 3 bedrooms, , 2.5 baths sold for $487,500 159 Riveredge Drive, a Foster end unit with 3 bedrooms, 2.5 baths sold for $495,000 177 Terrace Drive, also a Fairfax model with 3 bedrooms, , 2.5 baths sold for $549,000 185 Terrace Drive, again a Fairfax model w...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
New Listing - 3 bedroom condo for sale in Sutton Woods in Chatham, NJ. Pristine, one owner Foster model 3 bedroom end unit condo with river and woods view for sale in Sutton Woods in Chatham, NJ.   Phenomenal light, spacious rooms, walk-in closets, pantry, a real laundry room, attached garage with opener. There are two decks overlooking the river and woods from which to enjoy your morning coffee or evening cocktail. The condos of Sutton Woods are conveniently located only a few miles from downtown Chatham, Summit and New Providence, with easy access to NJ Transit Midtown Direct, world class shopping at the Mall at Short Hills. Click here to search for homes from your own home   Sutton Woods consists of about 300 condos and is beautifully landscaped, includes a beautiful outdoor pool and...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
17 Condos were sold in Sutton Woods in 2010!  This fantastic community offers a carefree lifestyle in a bucolic setting at reasonable price points to attract a large variety of buyers who like the location and modern floor plans. 9 one bedroom Sutton Woods condos were sold in Sutton Woods with an average price of about $277,000.  The lowest entry price for a one bedroom model was $242,500 and the highest $325,000. This variance accounts for the different sizes of one bedroom condos available.  See all Sutton Woods floor plans. 4 two bedroom Sutton Woods condos were sold with an average sales price of $367,250.  The low was $344,000 and the high sales price for a two bedroom model was $400,000 in 2010. And, 4 three bedroom Sutton Woods condos were also sold with the high sales price bein...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
2010 was a very busy year for condo sales at Sutton Woods in Chatham NJ!   In a community of about 300 condos, the turnover is still fairly low by national standards.  Typically, about a dozen condos sell each year.  When the real estate market and economy slowed, so did our sales activity.   Sutton Woods, Chatham NJ Website     In 2008 14 Sutton Woods condos were sold, which is a good, strong number.In 2009 though, that number trickled down to half and only 7 Sutton Woods condos were sold.Yet, in 2010 we more than doubled the number of 2009 sales with 17 Sutton Woods condos selling!     9 sales were of 1 bedroom condos with an average sales price of $279,000 4 sales were of 2 bedroom units with an average sales price of $367,250 4 sales were of 3 bedroom homes with an average sales pri...
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By Simon Westfall-Kwong, The Simon Westfall-Kwong Real Estate Group
(Keller Williams Realty, North Central New Jersey)
It's that time of year again.  Look back, see how we've done, maybe make some predictions for the future, set goals.  Well, here's the part looking back at how the real estate market in Chatham NJ. Chatham Borough NJ real estate report for 2010 101 home sales Average home sales price: $752,968                                Median home sales price: $670,000                         Featured Listings Sales price to list price ratio: 98% Average days on market: 51 Highest price sale: $1,950,000 for 190 Washington Avenue in the Washington Section Chatham Township NJ real estate report for 2010 152 homes sales Average home sales price: $897,145 Median home sales price:  $770,000 Sales price to list price ratio:   96.5% Average days on market:  73 Highest price sale:  $2,710,000 for 52 Dale D...
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