Walkable Suburb

Archive for the 'Living in South Orange' Category

South Orange NJ Real Estate Sales Report for April 2012

Thursday, May 10th, 2012

South Orange NJ Real Estate Sales Report for March 2012

Thursday, April 5th, 2012

South Orange NJ Real Estate Sales Report for February 2012

Thursday, March 8th, 2012

South Orange NJ Real Estate Sales Report for January 2012

Friday, February 3rd, 2012

South Orange NJ Real Estate Sales Report for December 2011

Monday, January 9th, 2012

In Montclair, Everything Old is New Again

Monday, December 5th, 2011

A few weeks ago, The New York Times ran an Op-Ed piece called “The Death of the Fringe Suburb.” The author, Christopher Leinberger, discusses the collapse of outer-ring suburbs and return to popularity of urban and inner-suburban housing. As a New Jersey Realtor, I feel sadness and concern about the decline of any housing market. I find it fascinating, though, that this trend–occurring in markets all over the country– is a total reversal of the national post-WWII housing shift from cities to suburbs.

Back in the 1950s, cities emptied out as a car and a backyard came to exemplify the American dream.  In succeeding decades, McMansions took root in exurbs, as homeowners sought more and more house on more and more land. According to Leinberger, demand for this type of housing has collapsed and will not recover, due to generational shifts. Baby Boomers (born from 1946-64), are retiring at exactly the same time as Millenials (born from 1979-96) are ready to strike out on their own; neither group is looking for a large house in outer suburbia. Boomers are downsizing from their suburban homes, and Millenials tend to favor urban environments, both for the cultural attractions and the convenience of not needing a car.

Leinberger cites Pasadena, CA and Bellevue, WA as examples where mixed-use developments with good public transit access have been built where strip malls once stood. He also calls for greater public investment in bus and light-rail systems, bike lanes, and pedestrian walkways. His suggestions would provide jobs and help the environment, both of which the U.S. could really use.

For those of us living in Montclair, Maplewood or South Orange, we are fortunate to have much of this infrastructure already in place.  For those who are not, would you give up your 2 acres for a smaller lot and a shorter commute?  Would you trade your Olive Garden for Osteria Giotto? How about your Multiplex for the Wellmont Theatre?

South Orange NJ Real Estate Sales Report for November 2011

Monday, December 5th, 2011

South Orange NJ Real Estate Sales Report for October 2011

Thursday, November 10th, 2011

South Orange NJ Real Estate Sales Report for September 2011

Thursday, November 3rd, 2011

South Orange NJ Real Estate Sales Report for August 2011

Tuesday, September 6th, 2011

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