New Jersey Real Estate

New Jersey is currently one of the best markets for buying or refinancing a home, or purchasing a second home. The close proximity to New York City from New Jersey offers ready access to the cultural and employment opportunities of the "big city", without the "big city" living. New Jersey presently has a very competitive real estate market with a short average "time on market." Sellers can be choosy with the offers they accept because there are typically backup offers waiting. New Jersey properties have appreciated approximately 13% over the past year, which was eighth among the 50 states.

Two of New Jersey's most popular counties to live are Bergen and Union counties. Bergen County is located in the northeast corner of New Jersey, just a short 30-40 minute commute to New York City. Bergen County is known for its beautiful homes, first rate schools, and excellent quality of life. It is the fifth wealthiest county in the United States. Saddle River, Alpine, Ridgewood, and Paramus are among the counties most popular communities in Bergen County. Union County is located in the northeast side of New Jersey, south of Bergen County. Union County's top industries are pharmaceuticals, retail, telecommunications, and petroleum. Among the favorite places to live in Union County are: Summit, Westfield, and New Providence.

New Jersey Real Estate is also in demand for buyers looking for a second home. Baby boomers and buyers from places like New York, Philadelphia, and Washington D.C. are driving up property values along the Jersey shore. Popular areas to purchase second homes are Atlantic-Cape May and Monmouth-Ocean areas.