Update on the market for Essex, Union & Morris Counties

Update on our market... Jeffrey Otteau had predicted that our area would recover more quickly than outlying areas because of the proximity to NYC and excellent school systems. I saw the change start at Thanksgiving and its continued ever since. We're seeing multiple bids for homes, but only when they're priced well, and we're not seeing CRAZY multiple bid situations like we did in 04 & 05, except for rare instances, like one in the South Mountain section of Millburn that was so drastically underpriced that it brought in 14 offers and went over $125,000 above asking, but that's not the norm anymore.

Every home I have listed since November has sold after the first weekend on the market, including one that was sitting for 6 months with another realtor before I listed it. This house was really contemporary inside and presented itself that way in the photos with their previous realtor. I had my contractors & stagers "de-contemporarized" it, including renting furniture to make it show better. The new online photos brought in a ton of showings, and the realtors in the area were amazed at the transformation. I also got the price to a realistic number. Staging, pricing , & how its presented on-line makes the difference.

So, I'm happy to report that year to date my team has sold 22 homes already (7 closed, 15 under contract). I'm very low on active listing inventory so please recommend me to anyone you know thinking of selling their home. I PROMISE to do a great job for them. Thanks!

Enjoy the rest of your President's Weekend!

Sue