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Tag: new jersey real estate

Where should you buy an apartment in New Jersey?

New Jersey isn’t the biggest state in the union, but it is one that comes with so many great opportunities and locations. In fact, there is more to do in New Jersey than in plenty of other locations across America. It makes up for its small size with a great number of local events, businesses, and charming cities that feature so much to do, all year long. 

There are a number of people who are moving to New Jersey, including many people who want to invest in an apartment in Jersey. Buying an apartment in New Jersey is very smart because it will allow you a chance to pack up and move around the state and experience all that it has to offer through the years. 

But if you are thinking of moving to Jersey, you will need to know a few things. You’ll want to know how much money you’ll be spending, of course, but you’ll also have to contemplate and decide which city you should move to when you’re getting your apartment. 

Finding a New Jersey apartment for sale isn’t always easy. And it’s also not always easy to buy an apartment in New Jersey, just like it’s not easy to buy a condo in New Jersey either. That is why this guide is going to be so helpful because it will teach you a few things you should be aware of. 

How much does it cost to buy an apartment in New Jersey?  

The price that you will pay when living in New Jersey all depends on where you wish to buy an apartment in the Garden State. The difference in pricing is, as you can imagine, quite stark. 

Just like everywhere else, if you are looking to buy an apartment, you will be spending much more in some areas than others. The median sales price is all of NJ as of January 2024 was $494,300*. Of course, this is all dependent on the location and the more money you spend, the more access to the life and culture of New Jersey you will receive. In Hudson County, right across Manhattan, the median sales price was about $680,000.

*Data from ATTOM Data Solutions

What are the best locations in New Jersey?

There are so many places in New Jersey that have wonderful apartments that you might not be sure where to start your search.

Thankfully, our guide can tell you about some of the most ideal places to call home when you are hunting for your new apartment in New Jersey. Whether you are renting or buying, these are a few of the most ideal spots for you to make your own.

Union City 

Union City, located in Hudson Country of New Jersey, is one of the most charming and stunning parts of the state. There is so much to do in Union City, from experiencing its rich Cuban culture to visiting some of the local businesses that reside there. Of course, Union City also has a great amount of apartments that you can rent or buy. You would be smart to find an apartment in Union City because of its closeness to New York and the number of things that you can do there. You will always be busy with something new and exciting to do. It is easily accessed because of its proximity to the Lincoln Tunnel, with direct buses straight to Manhattan.

Jersey City 

Jersey City is actually a suburb of the New York area, which is just one of the many reasons why you should think of this city when you are looking for a new apartment to buy or rent.  

There is a lot of housing available in Jersey City because of its size and popularity and proximity to New York City. For those same reasons, there are also a lot of expensive, high-end, luxury apartments in Jersey City that are ready for you. It is very dense with numerous tall buildings, looking like a smaller Manhattan.

Hoboken 

Hoboken is known for many things, from its vintage charm to the fact that it’s the hometown of Frank Sinatra. It’s a great place for business people who work in New York to live. There are ferries and PATH trains that will take you from Hoboken straight into the heart of NYC and for that reason alone, it’s an area you should invest in when you’re hunting for your new apartment.  

Weehawken 

If you are a young professional looking for an apartment to live in, then you should consider moving to Weehawken. This is one of the best cities to live in and comes with plenty of parks, restaurants, coffee shops, and affordable and luxury locations to live in too. With a population of just 16,000, Weehawken also still retains its small-town feel. You can enjoy beautiful, luxurious properties on the Waterfront with incredible views of Manhattan, while enjoying more indoor and outdoor space.

Summary 

New Jersey is a great state that features so many wonderful companies, parks, restaurants, and locations to live. There are countless wonderful apartments in the state that are waiting for people who are moving to New Jersey or those who have lived there for years. If you are thinking of finding a comfortable and luxurious home in this state, you should contact our expert team at BARNES New York. We know what you should be looking for, what you should be avoiding, and how much you should be spending when you are ready to call New Jersey your home. 

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Where should you buy a house in New Jersey? 

Do you want to buy a house in New Jersey? New Jersey boasts many distinctions, ranging from its musical artists like Bruce Springsteen and Bon Jovi to its immediate access to New York and its rich cultural impact on the United States and the world. Many people are drawn to New Jersey, even if they aren’t entirely sure why. There is just something about the Garden State that attracts people. 

With so much attention and attraction, you can bet that the real estate market in New Jersey can be quite competitive. Finding a home can prove to be quite difficult unless you’ve got some professional help. From Bergen County to Summit to Montclair, Morristown, and beyond, there are many parts of the state that are constantly getting an influx of new people looking to settle down and call New Jersey their home.  

But if you are looking to pack up your things and move to New Jersey, you might feel a bit in the dark. That’s because with so many options and so many locations, there is a lot you need to keep in mind when you are making a new start in Jersey. Today, we are going to look at some of the things you will gain when you come to this state and also things to keep in mind, regarding the money you will spend. 

Moving to New Jersey can be a huge step in your life but it doesn’t have to be tough, as long as you know what you’re doing and what to look for. 

How much does it cost to buy a house in New Jersey? 

Before you make your plans to move to New Jersey, you definitely need to know what you should expect when it comes to the money you will spend to relocate. New Jersey is an interesting state because it has some of the most expensive locations in the country but it is also home to many that are very affordable. 

According to the latest New Jersey Realtors market report, the median sale price for New Jersey single-family houses for sale in 2023 in was $582,500, which was about 16.5% more than the year before.

Homes in New Jersey go quickly too and they do not stay on the market for long. The report also estimated that the average number of days on the market for a home in New Jersey was just 29 days. That means that if you are looking for a residence in New Jersey, you should be ready to move quickly. 

Why buy a house in New Jersey 

While there are certainly states in America that charge a lot more for homes, New Jersey still isn’t very cheap. Therefore, you should know what you’re getting for all that money. Luckily for you, New Jersey is a state that offers an awful lot for residents both new and old. 

New Jersey is a lot more than just being known as “West New York.” Locations like Ridgewood, Englewood, Edgewater, Summit, and beyond can make your life so much better and bring so much joy into your home. New Jersey also offers more space, meaning you will more easily be able to find a place with parking or a garden if that is what you’re looking for.

Dining  

Some of the best restaurants in the country are found in New Jersey. In fact, the annual lists of the greatest eateries in the state are closely monitored and highly-regarded because people know that the cuisine in New Jersey is incredibly fine. 

Morristown’s 1776 by David Burke is one of NJ’s finest and one of the most popular, successful, and sought-after restaurants in America. The same is true for Chez Catherine in Westfield, The Circle in Newton, and Faubourg in Montclair.  

The number of great restaurants in New Jersey is large but always growing. Each and every year, there is a new place that opens and is quickly on everyone’s radar. And the best part about New Jersey is that you can find the finest businesses all over the state. You don’t have to live in just certain parts of New Jersey to enjoy all the delicious dinners it has to offer.  

Location  

Of course, one of the best things about living in Jersey is its close proximity to the heart and soul of New York state: New York City. That is reason enough for many people to make the move to Jersey.  

In some parts of the state, you might only be 20 minutes or less away from Manhattan, Brooklyn, and other parts of our country’s biggest city. But just because you are so close to the city doesn’t mean it always feels that way. There are numerous parts of Jersey that are quiet residential areas that feel light years away from the hustle and bustle of the Big Apple. That is why New Jersey is such an ideal place. You can be within New York in just minutes, but you can also feel comfortable and quiet in new and classic luxury homes. 

Summary 

New Jersey offers an ideal location to buy a house, boasting some of the finest homes in the country. While it has long been known as New York’s little brother, this state has so much to offer with a personality, style, and charm all its own. It will forever be close to the heart of the city but filled with so many great eateries, locations, businesses, beautiful hikes and views, and a culture that is rich. If you are thinking about finding your next luxury home in New Jersey, you should contact us at BARNES New York. Not only can we find a house that is right for you and your family, but we will make the entire process painless.

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What is the state of the real estate market in New Jersey?

Now is a great time to get invested in the state of the real estate market in New Jersey. For a number of reasons, this market has been growing over the years, and it offers a lot of great opportunities.

New Jersey became a part of the United States in 1787, making it one of the first states in the union and also one of the most popular from the very beginning. Over the years, the Garden State has only become more populated, and today it holds more than nine million people in it.

New Jersey holds a special place in American history as it was a part of the Revolutionary War, the Civil War, and the Industrial Revolution, Civil Rights movement, and so many other major moments in United States history. Today, a lot of people think of Jersey as simply the state that sits right next to New York, but there is so much more to Jersey.

There are so many great locations, parks, restaurants, businesses, and homes in New Jersey that it’s no surprise so many people are moving there year after year. It is always one of the most sought-after locations for people who are looking to move.

The real estate market in New Jersey is a subject of great attention and always has been. These days, New Jersey is booming and thriving and the market is full of life. If you are thinking of moving to New Jersey, there are certain things you should keep in mind. Buying into the real estate market is a major investment and you should know what you’re getting yourself into.

Our guide will teach you what you need to know about the present and future of the New Jersey real estate market. If you are thinking of planting your flag in New Jersey and buying a home, renting an apartment, finding a luxury penthouse, townhouse, or condo, you should pay attention to the current state of the market.

How much does it cost to buy a home in New Jersey?

If you are thinking of moving to New Jersey, you should be prepared to spend a good amount of money to live there. The market in Jersey is always pretty popular but lately it’s been growing more and more, year after year.

PropertyShark and the NJMLS estimates that the median sale price in New Jersey during Q1 2023 is $620,000, which is a four percent increase from last year. In fact, over the last five years, the New Jersey real estate market has climbed steadily. Of all the cities in the state, the ones that are growing the fastest in terms of pricing are Fort Lee, Sicklerville, East Orange, Ocean City, and North Bergen.

As you can see, buying a home in New Jersey isn’t cheap, although it isn’t as expensive as buying in New York, Connecticut and other states in that part of the country. That is one of the most appealing features of Jersey real estate, especially thanks to its proximity to New York City and easy transportation access to Manhattan by train or bus. And it’s also one of the reasons why so many people are always tuned in and paying attention to New Jersey real estate.

How is the New Jersey real estate market? 

Because of the success that seems to always find it, the New Jersey real estate market is doing quite well. In fact, it is doing better than many other neighboring states.

Houses on the market in New Jersey are usually sold about 80 days after their listing, which shows the great interest in this part of the country. There are also a smaller number of listing on the market, about 12% less than last year at the same period, driving more competition and bidding wars.  

The good news is that the prices aren’t increasing so much that other people aren’t able to move to New Jersey. This suggests that the market will only improve over the next few years because the pricing isn’t too astronomical to invite fresh New Jersey residents from all over the country. 

The increase in pricing shows that demand to move to New Jersey is still strong, and the market is doing very well.  

Summary

Over the last few years, New Jersey has become one of the most popular and sought-after real estate markets in the country and there is evidence to suggest that will continue in the years ahead. 

The market has been steadily climbing to new heights over the last five years, even with the COVID pandemic hobbling the industry and shutting down sales in many ways. As things become more normal, the economy improves, and New Jersey continues to be a popular state in America, you can expect to see the real estate business in New Jersey keep flourishing.

This means that now is a great time to get into New Jersey real estate. Whether you want to move to Jersey or buy a place as an investment, the present is the perfect time to get involved. If you are ready to do that, contact us at BARNES New York. We know the ins and outs of all real estate markets, including the luxury housing market in New Jersey. We are ready to help you take the next steps and find your new home.  

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What kind of housing is available in New Jersey? 

When most people talk about the state of New Jersey, they usually refer to it as New York’s sibling, a small state that mostly has value because it is so close to the Empire State. But that couldn’t be further from the truth, especially when it comes to housing in New Jersey.

The truth is that New Jersey has a slew of great features, locations, businesses, and stunning vistas that can only be found there. It’s so much more than a state that is just close to New York, it is a great location to start a company, settle down, create a family, and enjoy your golden years of retirement. 

Since its admittance to the union back in the 1700s, New Jersey has actually been one of the most popular states. Millions of people move there every single year, looking to make a new start in a state that has brought success to so many others. That means that the real estate market in Jersey is always bustling and offers excellent business opportunities.  

Because of all that attention and the way that people seek out New Jersey, it is sometimes hard to find a good place to live when making the move. That is why you should know a few things about the state before you pack up and plant your flag there. You should be aware of what housing and properties are available for you and your family, and you should also be aware of the prices for them. 

Let’s take a deeper look at all that New Jersey has to offer and give you a good idea of where you will be living when you make the move to the Garden State.  

Why move to New Jersey? 

There are in fact so many reasons to move to New Jersey. Beyond its premiere location on the eastern seaboard of the United States, Jersey is also a wonderful place to raise a family. It is home to a great number of employers and businesses, and also offers a lot of ways for people to start their own businesses.  

New Jersey is also gorgeous with many great state parks, offering greenery and many outdoor activities.

But if you are planning to move to Jersey, you need to know what sort of residence you will buy. And when it comes to that, there are quite a few options.  

What Housing & Properties can you buy in New Jersey? 

You will have quite a selection to choose from when you are looking for housing in New Jersey depending on the sort of homes you’ll be living in. Let’s take a deeper look at some of the most popular places that people buy when they are making the move to New Jersey. 

Condos 

Many New Jersey residents make their homes in condos. For years now, this has been one of the most ideal ways to live a more urban lifestyle. According to Redfin, there are many condos in the state that are selling for upwards of $2 million, although you can also find a condo that will sell lower than that, with a median sales price of $639,500. 

Condos are a great choice for smaller families or up-and-coming single people. New Jersey’s condos are also very attractive for those in various business sectors, including the blossoming tech industry that is high-paying and often requires a commute into the city. Because of that, you will find that many of the best condos in the state are in the biggest cities, such as Union City, Jersey City, Hoboken, and others.  

Townhouses 

A townhouse is a good choice for any family that is looking for housing in New Jersey. Much like an apartment, they are usually built within a complex filled with other townhouses. But they are high quality and large and many people spend decades living in a townhouse. 

Townhouses are more expensive than apartments. You can find a good number of townhouses in New Jersey that are selling for close to $300,000. The average price for most listed New Jersey townhouses are typically about $320,000. This is a sizable investment but it’s also the sort of residence that you can spend years and years in. 

Gated Communities 

Why would you want to live in a gated community in New Jersey? For a number of reasons but mostly because the homes in these communities are expertly made, gorgeous to look at, and offer a quality living environment. Gated communities are just that: communities that remain behind stable walls. For that sort of security and stunning workmanship, you will usually be paying over $1 million for a spot inside a gated community. But with that price, you will get a lot of great value and very modern properties.

Single Family House 

According to 24/7 Wall Street, the value of a typical single-family home in New Jersey is about $500,000, which is towards the high end when compared to other states in the union.  

With a real estate market that is on the grow and always busy, you will have plenty of homes to choose from when moving to New Jersey. While the price might be higher than it is in other parts of the country, it’s a very smart investment because New Jersey is such a popular and promising state for anyone wanting to stay close to the city while enjoying a less dense environement.

Summary 

New Jersey has remained one of the most beloved and popular states in America for decades now – and for good reason. If you and your family are ready to make a home for yourself in the Garden State, you should contact the experts at BARNES New York. We have long studied real estate markets all over the tri-state area and we are ready and eager to help find a place in New Jersey that is gorgeous, comfortable, and completely yours.  

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