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-Saddle River and Alpine seem to be the only towns with average overall sale prices over $2 million, I would have thought Harding and Rumson would be there too.
-Bergen is the most expensive county, even moreso than Morris which was traditionally more affluent on average.
Is Bergen pulling away from the rest of NJ likely due to its combo of proximity to NY and suburban atmosphere?
I always thought Bergen was the most expensive. Never thought of Morris County that way at all.
ETA --Had to look to see what towns were in Morris. OK I see Montville and Chatham, which I always heard were pricy towns. Never knew they were Morris County. I always think Parsippany or Butler.
I always thought Bergen was the most expensive. Never thought of Morris County that way at all.
Well if Northern Bergen were its own county, it would easily be the most affluent, but there is a big difference between the south and north parts of Bergen. Morris has had a higher median income than Bergen overall but it seems that's not translating to higher real estate prices.
Well if Northern Bergen were its own county, it would easily be the most affluent, but there is a big difference between the south and north parts of Bergen. Morris has had a higher median income than Bergen overall but it seems that's not translating to higher real estate prices.
Yes, I grew up in NW Bergen County, and when I was 18 I got a temp job at election time filing absentee ballots by town. I was shocked that there were all these towns in my county that I'd never heard of, lol.
Morris has Madison, Chatham, Mendham, Chester, Harding, Morris Township and all the little hamlets around there - there are very few "non affluent" places in the county, less than Bergen (Southern). It's around the 6th wealthiest county in the nation. However I'm not surprised Bergen's prices on average are higher.
Bergen is not the closest to NYC, it's not even the better commutes into NYC. It's property values are high because of the school system and relative distance away from trouble spots like Essex county.
My co-worker lives in Bergen and complains about commute into NYC everyday. Even traveling within NJ, Bergen roads are always congested weekdays.
Bergen is not the closest to NYC, it's not even the better commutes into NYC. It's property values are high because of the school system and relative distance away from trouble spots like Essex county.
My co-worker lives in Bergen and complains about commute into NYC everyday. Even traveling within NJ, Bergen roads are always congested weekdays.
Morris County is not good for commuting into NYC either. Hudson and Essex counties are much better for that commute. But everyone wants a newer, larger home with a big yard, which you're not going to find in Essex County, so that's one big reason people have flocked to Morris.
I would've thought Hudson county, with outrageously expensive condos in JC and Hoboken would be first. I think a decent 2 bedroom Condo in a recently built full service building in JC goes for 850 K or so. But I guess Hudson county is more than Hoboken and JC.
I would've thought Hudson county, with outrageously expensive condos in JC and Hoboken would be first. I think a decent 2 bedroom Condo in a recently built full service building in JC goes for 850 K or so. But I guess Hudson county is more than Hoboken and JC.
New luxury construction is only a slice of the overall housing market around here. Neighborhoods above the cliffs are not completely gentrified so the prices are much more reasonable. My condo is 2011 development with elevator, parking, central air, but no doorman. Sale price was under $250K and that's for a 2-bedroom within walking distance to the light rail elevator.
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