Prices Drop On Verona Homes

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Super Bowl Sunday is traditionally a slow day for open houses in the real estate business, and today is no different. So we’re taking a few minutes instead to look at one of the constants of the Verona real estate market these days: price cuts.

Six homes have had their asking price cut in the last two weeks, and two of them are Claridge condos. The largest, a two-bed, two-bath 7th floor apartment in the Claridge II building, came down by $20,000 last week to $245,000. In the Claridge I building, a one-bed unit on the second floor with one and a half baths is now $164,900, down $9,600 this week.

The price of the one-bed, one bath condo at 17 Wedgewood Drive #81 was cut $12,600 this week to $159,900. The second-floor unit has been on the market for half a year.

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And finally, three freestanding homes. 306 Claremont Avenue is a house with a rental apartment over a four-car garage. The asking price is now $424,000, down $10,000 this past week. The listing says the house needs work. If you need move-in condition, there’s 49 Fells Road. It’s got three bedrooms and two and a half baths and the asking price is now $725,000, down $14,000. Or consider 74 Sunset Avenue, with four bedrooms and one and a half baths. The asking price is now an even $500,000.

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Virginia Citrano
Virginia Citranohttps://myveronanj.com
Virginia Citrano grew up in Verona. She moved away to write and edit for The Wall Street Journal’s European edition, Institutional Investor, Crain’s New York Business and Forbes.com. Since returning to Verona, she has volunteered for school, civic and religious groups, served nine years on the Verona Environmental Commission and is now part of Sustainable Verona. She co-founded MyVeronaNJ in 2009. You can reach Virginia at [email protected]

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