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Lina Panza, REALTOR ® | 973.783.7400 x216 | Cell: 973.809.5277 | info@walkablesuburb.com
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Helping you find or sell a home in the best New Jersey towns.

New Listing: 182 Alexander Ave. Upper Montclair

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Sometimes Things Go Sideways

One thing I love about this area is how individual the homes are. Even within broad categories like Colonial or Tudor, there are so many variations. And even within all that individuality resides an extremely small subcategory.

I’m talking now about the Sideways House.

Sideways Houses are homes that have been built so the front entrance faces the side yard, rather than the street. This orientation gives the home a decidedly Country House feel, as it overlooks only landscaping. From the inside, Sideways Houses tend to feel very private and secluded, even though they might be smack dab in the middle of a neighborhood.

And that’s exactly the case for this wonderful 5-bedroom 2-full/2-half bath home in beautiful Upper Montclair. Wonderful because it looks out on a big, open yard, wonderful because it offers a coveted wrap-around porch, and wonderful because the renovated kitchen has an unusually “artsy” vibe, featuring a large custom banquette for lazy Sunday brunches with family and friends.

Other features include: oversized rooms, central air conditioning, newly renovated, ensuite master bathroom,

This home is a 3-minute walk to the New York City bus; the train station about a 10-minute walk. It’s also located at the Northern end of town, with quick and easy access to the highway.

Because they’re so few and far between, Sideways Houses don’t come on the market very often.

Priced at $799,000, this special house will not last. If you’re looking for a wonderful family home in a remarkable community, please call me and let me show you the magic of Sideways Living.  973.809.5277 

South Orange NJ Real Estate Sales Report for June 2016

west orange sold june 2016

Montclair NJ Real Estate Sales Report for June 2016

Montclair sold june 2016
Real Estate Market Chart by Altos Research www.altosresearch.com

Glen Ridge NJ Real Estate Sales Report for June 2016

Glen Ridge June 2016 sold
Real Estate Market Chart by Altos Research www.altosresearch.com

Maplewood NJ Real Estate Sales Report for June 2016

maplewood june 2016
Real Estate Market Chart by Altos Research www.altosresearch.com

Bloomfield NJ Real Estate Sales Report for June 2016

Bloomfield June 2016 sold
Real Estate Market Chart by Altos Research www.altosresearch.com

Cedar Grove NJ Real Estate Sales Report for June 2016

cedar grove june 2016 sold
Real Estate Market Chart by Altos Research www.altosresearch.com

West Orange NJ Real Estate Sales Report for June 2016

west orange june
Real Estate Market Chart by Altos Research www.altosresearch.com

Montclair Fireworks and Footpaths

I love fireworks.fireworks

My mother grew up in Copenhagen near the Tivoli Gardens where there are fireworks every Saturday night. It was a source of great joy to her and I think she “infected” me because, come July 4th Weekend, there’s nothing I’d rather do than sit back and watch the sky explode.

When I first moved here, the town fireworks display took place at the high school football stadium. My young family could easily walk there – it was about a mile away if you drove on the streets but the walk was made easier by some of the “shortcuts” between my house and the field.

When my kids were young, we referred to these shortcuts as “secret pathways,” but with their own street markers, they are anything but. These little paved footways were created so that people walking to the bus or train didn’t have to go all the way around a long block to reach the bus line. They allow you to “cut through,” as if you were going through someone’s backyard to take a more direct route to the bus line. There are about half a dozen of these little corridors throughout Montclair, and if you live in the middle of one of the longer avenues, they can cut your walking time in half.

We used to call them secret pathways because we often discovered them accidentally, while on a walk. This has been one of my great joys – discovering the quiet amenities of a town that upholds a commitment to walkability.

The fireworks have moved from the high school stadium to the stadium at Montclair State University – too far for us to walk, although there are always non-car options. That show always takes place on July 4th. There’s another show each year at Brookdale Park – this year it’s on Friday, July 1st. I, of course, go to both, because I can’t get enough fireworks. If you’re like that too, here’s a list of all the surrounding fireworks shows this weekend.

And if you want a tour of Secret Pathways, or to talk about any of the other ways Montclair rules as a walkable suburb, please call me. It would be my pleasure to walk you through them! 973.809.5277

 

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Pricing Your Montclair Home: What’s the Sweet Spot?

5-back-iconWhen you’re pricing your home, it’s always tempting to ask for a bit more than you expect – to leave a little room for negotiating. But this strategy actually doesn’t work.

According to industry experts, houses priced 10% over their ultimate selling price typically receive no offers. In fact, even houses priced a mere 5% too high will typically get showings, but no offers. If you start too high, you’ll have to gradually lower your price over time until you find someone willing to buy.

In real estate, “gradually” is not great.

No one wants their house to sit on the market. Not you. Not your agent. The DOM (Days On Market) of a home is the leading indicator as to whether it is priced appropriately.

In Montclair, the average DOM is 50.

Examples of homes priced too high:
363 Park Street – Original price: $1,450,000; DOM-370
Offers started when price was dropped to $1,199,000

18 Capron Lane – Original price: $1,200,000; DOM-170
It sold when the price was lowered to $989,000

Even a house listed at its “correct” price – that is, the price it is likely to sell for – may not be ideal for the seller. Studies show that the market responds most enthusiastically when houses are priced just below their true value.

When a home is listed at about 5% under its ideal sales price, the property nearly always sells for more than asking, and often substantially more. This doesn’t make complete logical sense, so it requires a leap of faith on the part of the homeowner. As a seller, you need a strong stomach and a good realtor who knows the market and how to price at that sweet spot.

Here’s what happens when houses are priced to sell:

117 Haddon – Listed $699,000; Sold $826,000; DOM-11
19 Windsor – Listed $699,000; Sold $838,000; DOM-9
131 Wildwood – Listed $899,000; Sold $111,0000; DOM-10

When clients ask me how much negotiating room there should be when pricing their Montclair home, the answer is none.

If you’d like to talk about home pricing, or get a better sense of the market, call me. I love to talk real estate! 973.809.5277

*Studies performed by Jeffery Otteau of the Otteau Valuation Group www.otteau.com
IMG HERE

I was born and raised in New York City. Every Sunday, we walked from our neighborhood near the U.N. to the Museum of Modern Art. Undoubtedly, this influenced my love for walkable places. But it also influenced me in other ways. My dad, an engineer, loved art, and we… MORE >>

From my blog:

New Listing: 182 Alexander Ave. Upper Montclair

Sometimes Things Go Sideways One thing I love about this area is how individual the homes are. Even within broad categories like Colonial or Tudor, there are so many variations. And even within all that individuality resides an extremely small subcategory. I’m talking now about the Sideways House. Sideways Houses … read full post >>

 -- July 21, 2016