What's up with Randolph & Mendham

[Kthnry]

Originally Posted by HalfFull

and after all that... no one has supported the claim that these home prices that are "falling fast and thick".

I didn't make that claim and I'm not interested in debating it, but I will point out that the towns that are seeing serious price increases are the close-in train towns, and I don't anything happening that will change that pattern.

[Dangerous-Boy]

Originally Posted by Kthnry

Nah, all the commuters will move to CT and we'll be left with houses that have plummeted in value.

The single best thing that Christie could have done for the NJ economy was build new tunnels and expand the commuter rail network within NJ.

I think nj transit lost 10 years because of him. no governor seems to care about NJ transit. For such a dense state, we need to get cars off the road.

[ansky]

Originally Posted by Kthnry

Nah, all the commuters will move to CT and we'll be left with houses that have plummeted in value.

The single best thing that Christie could have done for the NJ economy was build new tunnels and expand the commuter rail network within NJ.

Nobody is moving to CT for an NYC commute. It's simply too far. It's a minimum 45-60 minute train ride even from the closest stations in CT. There was recently an article posted on the CT forum about people moving out of that state for a shorter commute.

[andrew mensch]

Seems ok to me. Randolph average +4.1%, Mendham up 2.2%

Garden State MLS #s Jan 1 - Sept 30, 2015 vs 2016

Randolph 2015
209 closings
$507K Average Price

Randolph 2016
271 Closings
$528K Average Price

____________________________

Mendham 2015
119 Closings
$848K Average Price

Mendham 2016
97 Closings
$867K Average Price