Chatham, NJ Information





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Housing Market for July 2011

Housing Market for July 2011
Bob Idakaar
PRUDENTIAL NJ PROPERTIES
WWW.BOBSHOMES.NET

The Northeast mainly concerning tri state areas of Connecticut, New York and New Jersey seems to be better than many other places in the country.  There still are jobs here and thank GOD for the Pharma Companies and Economic strengths of the suburbs of NYC

The Easy answer that everyone agrees to is the creation of jobs will truly help the overall economy which will in turn affect the housing sector and the financial strength we once had.

Here are the Worst Housing Markets For The Next Five Years

The worst place to invest: Miami, Florida
Cumulative growth from 2005 to 2011: -54.3%
Annualized growth from 2011 to 2016: -0.7%

The second worst place to invest: Atlantic City, New Jersey
Cumulative growth from 2005 to 2011: -34.05%
Annualized growth from 2011 to 2016: 0.2%

#3 Nassau County, New York
Cumulative growth from 2005 to 2011: -27.3%
Annualized growth from 2011 to 2016: 0.7%

The next three are tied for #4

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Chatham, New Jersey

Here is some general information on Chatham, New Jersey provided by city-data.com

Hospitals/medical centers near Chatham:

  • SUMMIT HOSPITAL (about 3 miles; SUMMIT, NJ)
  • CHILDRENS SPECIALIZED HOSP (about 5 miles; MOUNTAINSIDE, NJ)
  • ST BARNABAS MEDICAL CENTER (about 5 miles; LIVINGSTON, NJ)

 

Amtrak stations near Chatham:

  • 11 miles: NEWARK INTERNATIONAL AIRPORT (NEWARK, ). Services: ticket office, enclosed waiting area, public restrooms, public payphones.
  • 12 miles: NEWARK (RAYMOND PLAZA WEST). Services: ticket office, fully wheelchair accessible, enclosed waiting area, public restrooms, public payphones, snack bar, ATM, paid short-term parking, paid long-term parking, call for car rental service, taxi stand, intercity bus service, public transit connection.
  • 13 miles: METROPARK (ISELIN, 100 MIDDLESEX-ESSEX TPK.). Services: ticket office, fully wheelchair accessible, enclosed waiting area, public restrooms, public payphones, paid short-term parking, call for car rental service, taxi stand, public transit connection.

 

College/University in Chatham:

  • NORTH JERSEY SCHOOL OF DOG GROOMING (Location: 11A ROOSEVELT AVE; Private, for-profit)

Colleges/universities with over 2000 students nearest to Chatham:

  • DREW UNIVERSITY (about 3 miles; MADISON, NJ; Full-time enrollment: 2,133)
  • SETON HALL UNIVERSITY (about 7 miles; SOUTH ORANGE, NJ; FT enrollment: 7,509)
  • KEAN UNIVERSITY (about 7 miles; UNION, NJ; FT enrollment: 8,627)
  • UNION COUNTY COLLEGE (about 8 miles; CRANFORD, NJ; FT enrollment: 5,856)
  • UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY (about 11 miles; NEWARK, NJ; FT enrollment: 4,134)
  • RUTGERS UNIVERSITY-NEWARK (about 12 miles; NEWARK, NJ; FT enrollment: 6,878)
  • NEW JERSEY INSTITUTE OF TECHNOLOGY (about 12 miles; NEWARK, NJ; FT enrollment: 6,565)

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NJAR® Issues Statement Regarding 1st Quarter 2011 Data

Report from – NJAR.com

On Tuesday, May 10, the NATIONAL ASSOCIATION OF REALTORS® (NAR) 2011 First Quarter Metropolitan Area Home Prices/State Resales reports were released. For the first quarter of 2011, New Jersey demonstrated its second straight quarterly gain in existing home sales since the post-home buyer tax credit period. According to a statement from NJAR® CEO Jarrod Grasso, “This shows signs that the state’s housing market is building a solid foundation without a government incentive.”

Compared to the first quarter of 2010, New Jersey sales declined only 2.8 percent. This is just two percentage points below the national figure, but higher than all of our neighboring states. Although most of the metro areas showed slight yearly declines in median home price, two bright spots that demonstrated increases were Wayne, N.J./New York and Newark, N.J. View the full statement from NJAR®.

 

2010 Metro-Area Housing Equity Reports Released

How has the wealth of current homeowners changed as a result of homeownership? One way to answer that question is to create a snapshot of the equity individuals who purchased a home at the median price 5, 10, 15, and 20 years ago would have built up if they had kept that home through 2010. Find out how your metro area is doing. Below you will find the 2010 Housing Equity Reports for New Jersey that were released by the National Association of REALTORS® (NAR).

For more information and to view all 154 metro area reports, please visit the NAR website.

 

Vacation- and Investment-Home Shares Hold Even in 2010

The market share of vacation- and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the NATIONAL ASSOCIATION of REALTORS® (NAR).

NAR’s 2011 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2010, shows vacation-home sales accounted for 10 percent of transactions last year while the portion of investment sales was 17 percent, both unchanged from 2009.

NAR Chief Economist Lawrence Yun said, “Despite extraordinarily tight credit conditions for purchasing a second home, the market share for vacation and investment homes held steady,” he said. “A sizeable number of buyers made deals with all-cash offerings.”

For more information, please view NAR’s press release.

NAR Metro Reports and NJ Housing Report Released

The NATIONAL ASSOCIATION OF REALTORS® (NAR) released the 2010 Fourth Quarter Metro Area Home Prices/State Resales report. The median home price in each of the Garden State’s metro areas demonstrated

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