New Jersey offers an excellent range of high quality property listings for those in the market. The homes for sale in this state exemplify a number trends in the real estate market, which include a growing interest in single-family homes and a stronger preference for child-friendly towns. Whether you’re new to this part of the country or you’ve been living in New Jersey for a while, Montclair is a great example of this changing landscape.
Here are 3 reasons Montclair real estate market is on the rise, so you can get to know this neighborhood a little better while searching for your next home.
Homes for Sale in Montclair
The homes for sale in Montclair play an important role in making this New Jersey suburb one of the most desirable places to live. Because this town houses a tight-knit community of 39,000 residents, it’s provides a welcoming environment for families. The area’s high quality education systems, interactive community life and renowned university create a flourishing environment for its stunning single-family homes.
With its exciting opportunities for artists, writers and more, Montclair is also the perfect place for people who want to buy a house in the suburbs and live near the big city.
Rising Home Prices in Montclair
Because the amount of buyers and number of homes for sale can lead to rising home prices, it’s important to consider all available insights when delving into Montclair’s real estate market. The homes in this area range in price from 500,000 to 700,000, then they transition to anywhere from 700,000 to 900,000. Given that houses can also sell for 900,000 or more, Montclair caters to the increasing number of buyers looking for available homes in this part of the country.
Stiff competition has also been a factor behind rising house prices in this part of New Jersey according to 2016 real estate market trends. The average sales price for a home in 2016 jumped 9.3% from 2015, going from $671,691 to $735,721. As such, sellers are enjoying more power during the negotiation process. The value for days on the market in both 2015 and 2016 has also been low in recent years. This reveals that the majority of houses are being listed and sold in a little over a month.
3 Reasons Montclair Real Estate Market is on the Rise
The Pioneering Schools
Because the schools in and around this neighborhood are part of a magnet system, the public and private institutions offer access to innovative curriculums. These theme-based programs let parents choose where their kids go to school, so their little ones can focus on their strongest subjects. Given that parents also have the ability to decide between a number of elementary and middle schools, kids in this area are provided with an opportunity to flourish academically.
The Flourishing Community
The town’s rich culture is a central focus of the Montclair community. It creates a unique cultural identity with its eclectic coffee shops, independently-owned bookstores and more. Popular activities like visiting antique shops and browsing art galleries also give Montclair residents one-of-kind experiences in the heart of New Jersey. Because the town is known for delicious food and exciting nightlife to boot, residents can dine at hotspots like Raymond’s and spend the night at places like the Welmont Theatre.
The Growing University
Montclair State University is one of the top state schools in New Jersey. Its students and the town’s residents can enjoy the many perks of having a prestigious institution nearby. The university makes the most of its influx of young people during the school year with fun, family-friendly activities for every season. Whether families are interested in exhibits at the Montclair Art Museum or classes at the Yard School of Art, they can enjoy the area with creative minds in their midst.
This quiet suburb is ideal for parents looking for easy access to New York City. Additionally, this commuter-friendly location has more to offer than excellent schools, a welcoming community and a top-rated university. These pillars of Montclair go hand in hand with perks like the Midtown direct train to create a neighborhood in ever-increasing demand.
When you’re ready to take the next step toward finding your dream home in New Jersey, please don’t hesitate to contact Amy today.