I just though I would let everyone know that for the Gay friendly towns along the Midtown Direct train line seem to be in a real estate recovery. We are seeing significantly higher numbers of homes selling and transferring to their new owners every month for the past 4 months that the same months of 2007. In many cases we are seeing similar or higher average prices than we had seen in 2007 as well.
This is not a huge suprise as many of these towns are also being helped by the end of the drive until you can afford the mortgage payment situation we had in the 1990’s and early to mid 2000’s. Many people are now choosing to live in towns such as Chatham, Madison, and even Summit and purchase smaller homes, than they could for the same price if they went further west in New Jersey. They are doing this because many are feeling that their time they spend commuting is to valuable to exchange for a some what larger home they could afford further west.
If you would like to do some research on the gay friendly real estate markets of New Jersey visit Summit New Jersey Real Estate.
James Boyer
Gay REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct
Gay Real Estate | Gay New Jersey Real Estate
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