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Real Estate Jackpot

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jackpot1If you’ve been unable to get a wining bid in on a house in Verona, you may feel as if you’ve hit the jackpot this weekend. There are nine new listings, at prices from $209,900 to $899,000.

Like all jackpots, the treasure is likely to be fleeting: As we recently told you, 37% of the homes on the market went under contract in February 2015, a level of activity that this market hasn’t seen since 2008. Market experts estimate that the houses now on the market will be gone in three months or less, which puts the so-called absorption rate in Verona ahead of Caldwell, Essex Fells, Livingston, Montclair and West Caldwell.

Here’s what’s happening in each aspect of the market, from lowest priced to highest:

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New Listings
349 Bloomfield Avenue Unit 129: 2 beds, 1 bath condo in garden apartment complex. $209,900.
1 Claridge Drive Apt 216: 1 bed, 1 1/2 bath in full-service high-rise condo. Updated kitchen. $220,000.
161 Franklin Street: 4 beds, 2 baths. Steps from Verona High School. $349,000.
171 Grove Avenue: 3 beds, 3 baths. Updated kitchen. $459,000.
16 Douglas Place: 3 beds, 2 baths. New kitchen, finished basement. $479,000.
20 Halsted Street: 3 beds, 3 baths. Open floor plan, updated throughout. $499,000. Open house Sunday, 1 to 4 p.m.
13 Willow Terrace: 5 beds, 3 baths. Bi-level on quiet street. Updated baths. $575,000. Open house Sunday, 2 to 4 p.m.
2 Upland Way: 3 beds, 2 1/2 baths. Gourmet kitchen with butler’s pantry. Paver patio. $769,000.
60 Lakeside Avenue: 6 beds, 4 full & 2 half baths. Victorian opposite Verona Park. Formal dining room.$899,000.

Open Houses
349 Bloomfield Avenue: 1 bed, 1 1/5 baths. Condo townhouse. $179,000. Open house Sunday noon to 2 p.m.
6 Martin Road: 3 beds, 2 baths. Hardwood floors, large yard. $359,000. Open house Sunday 2 to 4 p.m.
23 Franklin Street: 3 beds, 1 1/2 baths. Split-level, new tiled bathroom. $454,000. Open house Sunday, 1 to 4 p.m.
20 Halsted Street: 3 beds, 3 baths. Open floor plan, updated throughout. $499,000. Open house Sunday, 1 to 4 p.m.
13 Willow Terrace: 5 beds, 3 baths. Bi-level on quiet street. Updated baths. $575,000. Open house Sunday, 2 to 4 p.m.
114 Franklin Street: 4 beds, 3 1/2 bath. Newer construction, open floor plan, central air. $599,000. Open house Sunday, 1 to 4 p.m.
2 Upland Way: 3 beds, 2 1/2 baths. Gourmet kitchen with butler’s pantry. Paver patio. $769,000. Open house Sunday, 2 to 4 p.m.

Price Changes
2 Claridge Drive Apt. 1HW: 3 beds, 3 baths in full-service condo high-rise. Walk-in closet, dressing room in master suite. Cut $34,000 to $465,000.

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