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Madison, NJ Real Estate News

By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
The Madison Commons in Madison NJ, 2011 Real Estate Market UpdateThe Madison Common is a distinct townhouse community offering 2 and 3 bedroom homes with garages.  this community is centered around a 3 acre pond and is impeccably landscaped providing both beauty and privacy.  Residents can enjoy the heated pool, tennis courts and clubhouse with fitness center. Currently, there are only 2 homes for sale in the Madison Commons.  They are both 3 bedroom townhouses starting at $499,900.  We are in need of inventory, so if you are interested in listing your Madison Common townhouse, please contact Trish at 201-960-2090. There were only 5 townhouses sold for 2011, which is down by 58% compared to the previous year.  2 of these homes were 2 bedroom townhouses with an average sales price of $42...
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By Bob Zorechak - ABR, GRI, e-PRO, Sells Homes in Morris/Somerset/Hunterdon Cos., NJ
(Keller Williams Realty Metropolitan)
  Madison NJ Real Estate 2011 Annual Market Report                                by Bob Zorechak - GRI, ABR, e-PRO   Find out the latest real estate market information for Madison 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 Madison NJ real estate market. If you are considering buying and or selling a home in 2012 in Madison 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. There are many factors that make up the differe...
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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 Madison Boro, NJ 07940 - Flat Fee MLS Listing $395 11 Loantaka Ter Madison Boro, NJ 07940 - Realtors welcome, buyer agent commission paid at MLS# 2889919. 5 Beds 5 Baths Carbon Monoxide Detector, Central Vacuum, Dishwasher, Disposal, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump, Center Island, Eat-In Kitchen, Pantry, Separate Dining Area, Carpeting, Tile Floor, Wood Floor, Walk-In Closet, Basement Level Rooms: Inside Entrance, Utility Room, First Level Rooms: Breakfast Room, Dining Room, Entrance Vestibule, Family Room, Kitchen, Living Room, Pantry, Powder Room, Second Level Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Third Level Rooms: 1 Bedroom, Bath(s) Other, Den, Master Bath Features: Stall Shower And Tub, Sec...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Luxury Home Sold in Madison NJ Trish Giassa and Keller Williams Realty are proud to announce the listing and sale of an extraordinary home at40 Dellwood Drive in Madison NJ.     When we listed this beautiful Madison home for sale, we were sure to showcase it to its very best advantage, including: staging techniques utilizing the services of a professional photographer                    Free Home Valuation creating an interactive floor plan virtual tour video                                                                                      Find your home on MLS timing strategies on target pricing                                                                        strategic online and local marketing                                           Madison Real Estate Market Report The re...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Madison NJ Real Estate Market Update                                  Search for Madison NJ homes for sale Madison NJ is in the top 40 Places to Live according to NJ Monthly Magazine.  With 15,845 residents, Madison is a very desirable and popular with families and New York commuters who prize a good public school system and a friendly community. In the last 12 months 127 homes have sold in Madison, compared to 159 in the prior 12 months.  That is 25% fewer sales than last year.   There is more to this story, however.                                            View Madison NJ's demographic data We have less inventory in Madison this year.  Last year at this time, there were 75 homes for sale, now only 56.  That's a corresponding drop of 25% in inventory of homes in Madison NJ. Those who...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
New to Market: 1 Dellwood Drive, Madison NJ $1,950,000                   Stately home on .71 acre on The Hill in Madison NJ. New to market since 1993 - extensive renovations and additions to elegantly combine the charm of yesteryear with the conveniences of today. Welcome to One Dellwood Drive, Madison NJ.  Offered exclusively and proudly at $1,950,000.  Serious buyers must see this exceptional home.  Enjoy the preview or visit www.OneDellwood.com.     Look at the arched entries, wainscoting and gracious stair ...           To view this home's interactive floor plan and virtual tour visit www.OneDellwood.com.  For a private showing appointment contact Trish Giassa at 201.960.2090. Find your home    |  What is my home worth?   |  School and community information Visit my website for more...
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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 Madison Boro, NJ 07940 - Flat Fee MLS Listing $395 11 W End Ave Madison Boro, NJ 07940 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 2834333. 3 beds, 2 bathrooms Beautifully maintained and updated cape cod that is convenient to everything. This home has a fenced rear yard w/ perennial gardens, 3 season porch and many upgrades throughout. The kitchen boasts SS appliances and newer floor, hardwood floors in living, dining and BR/Office. 6 panel colonial doors throughout and Fios ready. New thermal windows and new w/w carpeting upstairs. MBR has walk in custom closet and a double custom closet. Finished basement with family room, storage and utilities. New hot water heater. Convenient to schools, train and to...
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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 Madison Boro, NJ 07940 - Flat Fee MLS Listing $395 25 Belmont Ave Madison Boro, NJ 07940 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 2836375. 2 Bedrooms, 2 Bathrooms Nicely maintained colonial. Walk to NYC train station, downtown Madison, YMCA and library. Beautiful private yard with deck. Great schools. Great value for Madison 2006 Renovations: Condo alternative, new bathroom and entry hall, new hardwood floors in living room. If you are interested in this Home for Sale By Owner in Madison Boro, NJ 07940- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 2836375. . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any r...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Where to get a great mani - pedi in Madison NJ Last week I received a Groupon offer for a Spa Manicure and Pedicure at Beneath the Surface in Madison, NJ.  The offer was terrific - $45 for both - and I needed a treat so I bought it right away!  Later, I found out I was one of over 500 people to do so!  It's Spring so I've been working non-stop and after many long days, frequent evenings and most weekend days spent working, I did not feel guilty taking a few hours this afternoon to take advantage of my treat.  My appointment was for 3pm and I felt delightfully decadent leaving my work for a little pampering.     I walked in to this lovely little day spa in the little alley off of Waverly Place - near the back parking lot, which is quite a convenient location!  There was soft music, a sup...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Huge price reduction on 40 Dellwood Drive on The Hill in Madison NJ.     It's snowing again in Madison NJ and the price of this fantastic home for sale on 3/4 acre level property in, arguably, the top residential location in Madison is now only $1,800,000!  Compare this to anything else on the market or recently sold and you will know without a doubt that this is the very best buy in Madison today!     View the 40 Dellwood Virtual Tour or visit our open house this coming Sunday, March 27th from 1 to 4pm or contact Trish for a private showing.  201-960-2090.   Search our Garden State MLS    |    Home Valuation    |  Madison NJ Facebook Page
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
This great town called Madison NJ is super-desirable and chock full of charm and vibrancy!  Homes here are prized, and many are period homes.  Here's how the real estate market fared in 2010.               What's my Madison NJ Home Worth?           Madison NJ Homes for Sale           Madison NJ Homes Sold in 2010    Madison homes sold in 2010:  150 Average list price of homes sold in Madison:  $766,115 Average sales price of homes sold in Madison:  $734,271 Sales price to list price ratio:  96% Median sales price of homes sold in Madison, NJ:  $581,000 Average days on market:  65 Days  
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By Robert Snyder, a.k.a. Bob the Broker, host of The Real Deal
(Silex Financial Group, Inc.)
For all you Foodies out there, this is a great charitable event.  The restaurants go all out and this year the Napa Valley Vintners Association will be attending. Attend the BEST Wine Tasting& Food Event of the Year! Taste of Madison 2011 10th AnniversaryJanuary 18, 20117:00 - 9:30 PMVIP Hour 6:00 - 7:00 PMThe Park Avenue Club184 Park AveFlorham Park, New Jersey www.parkavenueclub.com   Info Tel.: 973-377-7830  Gary's Wine & Marketplace and the Napa Valley Vintners Association will once again help sponsor the Taste of Madison. The 10th Anniversary event will be held at the Park Avenue Club and will feature an amazing group of Napa Valley winemakers from Shafer, Cliffe Lede, Schramsberg, ROY Estate, Saintsbury and more-pouring their own distinguished wines and showcasing the best of Napa...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Madison Common Condos and Townhouses - Real estate market update Madison Common, in Madison NJ, is one of the most desirable townhouse communities in all of Morris County.  With easy proximity to Rt 24 and 287, access to a beautiful, vibrant downtown Village, and a fantastic and friendly community of just over 200 townhouses that are reasonably priced, this is an easy community to love and be a part of. The Madison Commons townhouses were built in the mid-1980's have great features: two stories with high ceilings to make it feel more like a home than a condo attached one car garage and private driveway 2 bedroom and 3 bedroom floor plans, all with 2.5 baths good sized outside patios or decks for your summer enjoyment many townhouses have full basements eat-in kitchens or with separate b...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Madison NJ Homes for Sale Market Report   Madison NJ had a strong second quarter.  46 homes and condos sold during this period for a total of $35.54 million.  That's 48% stronger than 2nd quarter 2009 Madison home sales!   the average Madison home sales price was $775,091 vs the average list price of $808,464 Madison homes sold for an average of 96% of asking price, indicating that buyers and sellers were fairly close agreement on price and value Madison homes and condos averaged48  days on market the median sales price was $614,500 and median days on market only 30 Here is a complete list of all 46 Madison homes and condos sold in the second quarter 2010Address  -  Sales price - Days on market7 SAMSON AVE* 305,000 6660 BROOKLAKE RD* 241,000 27 17 ORCHARD STR. 368,000 158 43 BRITTIN ST*...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
  Real estate market update for Madison, Morris County, New Jersey During the month of May 2010, 10 homes closed escrow in Madison NJ.  This compares very favorably with 2009 when only 5 homes in Madison were sold! Average Madison NJ home sales price $737,700 at 96% of the list prices.  Median price: $526,250.  Average days on the market 62.             MADISON HOMES SOLD IN MAY 2010 BY ADDRESS ADDRESS    List Price   Sale Price   Days on Market 7  SAMSON AVE   $299,900      $305,000      66 43  BRITTIN ST    $410,000     $415,000     11 318  MAIN ST    $450,000     $435,000     30 2  Amelia Court      $525,000    $515,000    248 87  FAIRFAX CT     $525,000      $508,500    23 260  OXFORD CT    $565,000      $537,500     31 18  LEWIS DR     $729,900    $751,000     13 45  VALLEY RD     ...
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By Robert Snyder, a.k.a. Bob the Broker, host of The Real Deal
(Silex Financial Group, Inc.)
  Where: Poor Herbie's, 13 Waverly Pl, Madison, NJ 07940 Date: May 25, 2010 Time: 6:00pm-11:00pm Poor Herbie's is hosting a Happy Hour Fundraiser to benefit the Lance Armstrong Foundation (LAF) and Team LIVESTRONG.  The happy hour fundraiser is on May 25, 2010 from 6 to 11pm.  All tips that evening, as well as a portion of the bar proceeds, will be donated to the Livestrong Foundation.  LIVESTRONG encourages individuals to make a difference in the fight with cancer by fundraising to support the LAF (Lance Armstrong Foundation) and the 28 million people living with cancer worldwide. Poor Herbie's fundraising efforts are in support of Bob Snyder and Paul Newell of the Balanced Wellness Team (www.balancedwellness.org) that's participating in the 2010 Philly LIVESTRONG Challenge on August 2...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
April home sales in Madison NJ 15 homes and townhomes have sold in Madison during the month of April 2010 vs only 9 for the same period in 2009. That is an increase of 67% in number of sales and 79% in sales dollar volume!  Fantastic! This trend of more home sales is gaining momentum in our communities, thanks to reduced inventory, increased buyer confidence and pent-up demand.  15 Madison homes sold during April 2010, with a total sales volume of $11,069,000 60 BROOKLAKE RD:  $241,000  27 DOM  17 ORCHARD ST:  $368,000  158 DOM 70 LATHROP AVE (the HILL): $418,000  199DOM 122 HEMPSTEAD CT:   $430,000  66 DOM70 VALLEY RD:   $475,000  9 DOM41 VALLEY RD:   $515,000 9 DOM6 Rolling Hill Court: Rolling Hill Tonwhouse $530,000 182 DOM29 STATION RD:  $525,000 50 DOM2 TRACY LN:   $660,000  18 DOM...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Madison NJ homes for sale. Currently there are 65 homes and condos for sale in Madison NJ.17 are under $500,00013 are between $500,000 and $700,0009 homes are between $700,000 and $1 million16 fine homes are between $1 and $2 million, and9 spectacular homes are over $2 million This is a big spread on prices and means that in most price ranges buyers have, at most, about 15 houses to choose from.  Once you factor in a buyer's preference for size, style and location, the field narrows even more See Madison's 1st Quarter 2010 Real Estate Sales Report Since there are currently 30 Madison homes and condos under contract, that tells us that we have a bit more than 2 months of inventory on the market.  When many communities across New Jersey, and in fact, the country have 6 months to 2 years w...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Madison NJ Real Estate Update - 1st Quarter 2010 It's Spring in New Jersey - today it almost feels like Summer - and buyers are out and buying homes in Madison NJ and surrounding towns.  Here is how we're faring so far this quarter: 69 homes for sale in Madison as of today.  Average asking price $1,052,100.  Median list price $779,000. 27 homes currently under contract.  Average asking price $887,495.  Median asking price $689,000.  Average days on market 54. Since January 1, 32 homes and condos have sold in Madison.  Average price $688,062.  Median price $562,920.  Average days on market 82.  Average sale to list price ratio: 94.3%. There are a couple of things going on ... more of the less expensive homes are selling but, based on the properties under contract, the average selling pri...
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By Simon Westfall-Kwong, The LuxeLife Group of eXp
(LuxeLife Group of eXp Realty)
Madison’s Hill Section in Madison NJ, Homes for sale & sold Located in the heart of beautiful, historic Madison, NJ, the Hill Section encompasses most of the earlier homes of Madison, NJ.  The architecture is interesting and varied, with many homes from as early as the 1800’s.  Historically significant and beautiful to behold and call home, all of these homes in Madison’s Hill Section have enjoyed updates, upgrades and expansion – most have been renovated with love for home and history and are true masterpieces. Madison offers top-notch schools, Midtown Direct train service to New York and Jersey City, a bustling village with many fine shops and restaurants to please every palate.  Drew University makes its home in Madison and we enjoy an acclaimed Shakespeare Festival.  Madison NJ is a...
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