In Millburn Short Hills The Real Estate News Is Good for Sellers

With October upon us, the market is in extreme favor of the sellers. In Millburn, the total tax assessment versus the price that homes are sold for at the end of 2012 was 108%. Fast forward to August 2013, that number rose to 126%. The homes that are clean and ready to move in are hitting the top of this range while homes that need a lot of work are falling far below that.

Homes are not just selling, but selling quickly. For homes that closed in August, the average time spent on the market was 25 days (for all of 2012, the number was 56 days). The average home that has sold in Millburn year to date is $1.3 million, which last year was just under $1.2 million. Although the market is extremely positive for sellers, buyers are becoming extremely frustrated due to the minimal selection. The buyers have every right to be upset as there are 20% less homes on the market than this time last year.

With a shortage of homes, historically low rates and buyer’s moods more than willing to pull the trigger and write a contract, great things are happening for sellers. So if you are thinking about selling, this is the best time to do so. If you have any questions or would like to know the value of your home, call me at (973) 214-0691.

Should I renovate or sell my home?

Should I renovate or sell my home?

Today, I’m with Ileana Martin-Novoa of Katz Novoa Architects. Ileana is an extraordinary architect and she is here to tell us about what’s going on with all the renovations in town and how to add value to your home.

Ileana Martin-Novoa

There is a lot of rebuilding and renovations going on. Some of it’s because of the storm, but a lot of people are finally ready to start those projects they have been putting off. The economy is bouncing back and people feel more confident.

It’s important to always keep in mind resale value when deciding to renovate.  Right now we are seeing a lot of homeowners renovating kitchens, master bathrooms and even adding mudrooms.

We like to help our clients stay on track by guiding them in a direction that will help add value to their home. We know that new construction can be overwhelming, that’s why we make sure we are with our clients from the very beginning to the very end. At Katz Novoa Architects we help with the coordinating, the building and the budgeting.

If you want to renovate your home, we’d be more than happy to help.  You can call us at 973.379.1331 or visit our website at www.katznovoa.com

Or if you want to find out the value of your home call Shannon at 973.214.0691 or email me at ACutAbove@ShannonAronson.com.

Millburn and Short Hills School System – Continued Excellence

When you have children, I know how important it is for you to find a home with a great school system nearby. A lot of clients I talk to say the reason they chose this area to live in is because of the great schools. Today, I am standing in front of Millburn New Jersey High School and I want to tell you about the 2013 graduating class.

This was an exceptional class; ten percent of the class will be attending Ivy League schools in the fall and 40% will be attending schools ranked within the top 50 in the United States by US News and World.

There is excellence in all of the schools here. So let me and my team help you find a great home in this area. Or if you are looking to sell, give us a call! Now is a great time, inventory is low!