The spring real estate market has sprung and with it are exceptional opportunities to own a home throughout the state. According to David Schoner, vice president of Coldwell Banker New Homes & Condominiums, the residential brokerage firm, “confidence is building in the home industry and with it, we see an increase in sales and prices.
“All the indicators are falling into place,” said Schoner. “While home prices are at a record low level, in the New York Metropolitan area, as compared to nation- wide, properties have held their value and are showing signs of increase. According to experts, condo prices in North Jersey actually rose last year.”
Schoner further explained that the supply of new homes on the market in the Metro New York area is being absorbed. “We have seen steady sales at a number of communities, including 50 Parmley at Summit Place, a collection of luxurious one-level condominiums in the heart of downtown Summit, and Vela, another collection of stylish, multi-level townhomes with intricate details, private elevator and an individual rooftop, glass-enclosed solarium in Edgewater,” he said.
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