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Old 06-30-2018, 09:39 PM
 
10 posts, read 3,791 times
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There seems to be a lot of activity there a lot of 600-800k houses coming up from the ashes of old cape cods, plus some new townhouses in the 500-600k range. Feels like this part of the market is changing, and Im not sure I understand it. Why would I pay 600-700k for a 4 bed room in Fair Lawn when I could buy a house in Glen Rock with the same budget? Am I missing something?
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Old 06-30-2018, 10:08 PM
 
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actually there has been a decline in the construction of houses from 700k and up in fair lawn, especially with the quality. you will see a few pop up here or there, but its so small in numbers. also glen rock has become very expensive, not sure what u can find for 600-700k but it will need some heavy renovations....
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Old 06-30-2018, 10:12 PM
 
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Because the same house would cost 850 in Glen Rock and a mil in Richwood.

All of Bergen County has gotten absolutely berserk over the last year. Fair Lawn has gotten particularly hot because a whole lot of people who can’t quite afford Glen Rock or Ridgewood, but still with a solid amount of money, are now starting to move there, realizing the town is still very safe and still has excellent schools. I lived in Fair Lawn most of life. I would have liked to buy a house in the area, but it just wasn’t possible for me to get something decent on my budget there with prices being driven up so much.

I moved west to Morris County and bought a new townhouse very similar to the ones being built in Fair Lawn. It cost about $200,000 less than a comparable house in Fair Lawn would have cost. I miss Fair Lawn bagels and decent delis, but it’s nice out here. I still make a drive to the Bergen County area once every few weeks, and even the traffic has gotten worse in the nine months since I moved. Fair Lawn has been particularly bad lately.

And I’m happy I have a house I can (barely) afford.
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Old 06-30-2018, 11:29 PM
 
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Its a very robust real estate market. If you see that kind of activity in what has been forever a middle class kind of town like Fair lawn, you have to ask yourself if the market is over-inflated.
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Old 07-01-2018, 12:16 AM
 
Location: New Jersey
4,408 posts, read 2,265,992 times
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New Yorkers.
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Old 07-01-2018, 09:21 AM
 
290 posts, read 69,310 times
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A large influx of younger GenX older Millenial couples making 6 figs with children moving to the burbs from the city.
They're budgeting for $600k-$1million so there's your recent RE prices in the area.
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Old 07-06-2018, 10:42 PM
 
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Same thing is happening in Rutherford and Hasbrouck Heights. Old cape cods are knocked down and new construction going up, selling for around 700K....
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Old 07-07-2018, 06:54 AM
 
Location: New Jersey
1,610 posts, read 2,967,763 times
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Much of that price can be attributed to the builders, who reaping obscene profits.
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Old 07-07-2018, 07:16 AM
 
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Why have a fair lawn, in Fair Lawn, when you can have a great neck, in Great Neck?
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Old 07-07-2018, 07:38 AM
 
33 posts, read 12,384 times
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Basking Ridge - same thing. A lot of mid-60's bilevels are being replaced with huge houses. Probably because the train to Manhattan is nearby, so it's an easy commute.
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