Price trends Chester/mendham

[HalfFull]

Originally Posted by pretorius

Families don't want to live in Morris County any more.

The recovery in suburban home prices has stalled at a level below the 2006 peak. For example, the most recent data point of the S&P CoreLogic Case-Shiller New York High Tier Index shows prices are 10% below peak. This index measures prices of higher priced single-family houses in the New York City commutershed. In contrast, the condo index – covering condos at all price points across the same geography – shows condo prices are 16% higher than the 2006 peak.

Morris County home values are stagnant because households are less eager to live there today. Economic growth continues to shift away from the suburbs toward New York City. Today families want to live close to the city. After nearly 200 years of uninterrupted population growth, Morris County's population has stopped growing. The question now is does population begin to decline as it already has in Sussex County and Warren County.

Could you find a broader brush to paint with???

Actual data in this helpful post: //www.city-data.com/forum/new-j...ts-2016-a.html

News flash: Commute to NYC from eastern Morris County to NYC is very doable. Also, there remain tons of very god jobs that are not in NYC.

To OP: If you work in NYC, I don't recommend Chester. If you don't those advantages of Hudson (or other) counties don't really mean much to you.

[pruebas]

But you're probably not getting those 2 acres (assuming they are important to you) in eastern Morris or Essex counties.

You can find 2 acres (at least I did) in southern Morris. For example look in Long Hill Township. Along the Gladstone Branch of the NJT Morris and Essex Line.

[monte4623]

Points all well taken and appreciated.

I agree about not relying on its as an investment. Just don't want to be buying into something that completely collapses.

Also just trying to make best decision at this point based on facts and some opinions.