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Old 01-02-2013, 10:12 AM
1 posts, read 2,602 times
Reputation: 10


I searched the forum but was not able to find any relevant answers but hopefully experts can shed some light as to why single family homes in the above community are selling for cheap? We are planning to buy our first place in Central NJ and currently renting in Bergen county.
Some houses we found online are listed for 80k less than what they were sold in 2006. Is this just a regular market correction after crisis of 2008? We were concerned since we read mixed reviews about this builder.
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Old 01-04-2013, 07:29 PM
Location: Monroe, NJ
10 posts, read 41,662 times
Reputation: 14
Could be multiple reasons behind this. I belive the builder is in the last phase for this neighborhood couple that with the dip of home prices in the past year and that could provide a good possibility for the price. We purchased a home here last year and didn't see construction pick up until this fall. I spoke with a few of my future neighbors and found out they're also adding a lot of extras as incentives.
In Monroe you either spend over 600K for a decent house or you can buy a fixer upper of less.
This home size/price range fills a bit of a gap (the 400k - 500k) in the new construction market in Monroe.

Good luck on your search.
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Old 01-15-2013, 02:22 PM
6 posts, read 11,747 times
Reputation: 13
also realize, these are small homes for 4 BR....1948-2519sq ft

i have no idea what a 4BR 1948 sq ft house looks like, but i can't imagine it's very usable in terms of space
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