Real Estate With Lower Prices

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toddler-scissorsDuring the recession, the weekend real estate report seemed to be filled with nothing but cuts to the prices of the homes listed in Verona. The numbers moved lower and lower, until it seemed as if they were unlikely to ever stop.

But they did, and listing prices here have been on a nice climb in the past 18 months. So maybe we were due for a bit of a correction, and we got it this weekend. There are eight homes with lower prices, several of which had tested the upper end of the Verona real estate market. When the Claridge I penthouse was first listed in May 2014, it was priced at $1,299,000. When 83 Oakridge came on the market this February, it was priced at $1,295,000. Both are now below $1 million.

Here’s what’s happening in each category, from lowest priced to highest:

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New Listings
33 Wedgewood Drive #59: 2 bed, 1 bath condo. $199,000. Laundry in unit.
31 Grove Avenue: 4 beds, 2 baths. Finished basement with full bath. $405,000.
81 Fairway Avenue: 3 beds, 3 baths. Upgraded kitchen, high ceilings. $499,000.
19 Hemlock Drive: 4 beds, 4 baths. Walk-in closet in master suite. $879,000.

Open Houses
19 Mount Prospect Avenue: 4 beds, 3 baths. Central air, deep yard. Cut $5,000 to $375,000. Open house Sunday, 1 to 4 p.m.
20 E. Lincoln Street: 4 beds, 1 bath. New kitchen. Partially finished basement. $434,000. Open house Sunday, 1 to 5 p.m.
77 Woodland Avenue: 3 beds, 1 bath. Split-level with finished basement. $435,000. Open house Sunday 2 to 4 p.m.
106 Elmwood Road: 3 beds, 1 1/2 baths. Updated kitchen, baths. Deck overlooks wooded yard. $448,000. Open house Sunday 2 to 4 p.m.
25 Church Street: 5 beds, 2 1/2 baths. Craftsman colonial. Walk-in wine cellar. $579,000. Rhodes Van Note listing. Open house Sunday, 1 to 4 p.m.
95 Fairway Avenue: 5 beds, 3 1/2 baths. Open kitchen with library gallery. Cut $20,000 to $825,000. Open house Sunday, 2 to 4 p.m.
15 Afterglow Avenue: 5 beds, 4 full, two half baths. Updated kitchen, secluded lot. Cut $34,000 to $825,000. Open house Sunday, 2 to 4 p.m.

Price Changes
349 Bloomfield Avenue #41: 1 bed, 1 bath condo. First-floor unit, hardwood floors. Cut $5,000 to $159,900.
19 Mount Prospect Avenue: 4 beds, 3 baths. Central air, deep yard. Cut $5,000 to $375,000. Open house Sunday, 1 to 4 p.m.
1 Brookdale Court: 3 beds, 2 baths. Central A/C, 2-car garage. Cut $14,500 to $395,500.
221 Fairview Avenue: 5 beds, 2 1/2 baths. Second kitchen in basement. Cut $29,505 to $429,995.
95 Fairway Avenue: 5 beds, 3 1/2 baths. Open kitchen with library gallery. Cut $20,000 to $825,000. Open house Sunday, 2 to 4 p.m.
15 Afterglow Avenue: 5 beds, 4 full, two half baths. Updated kitchen, secluded lot. Cut $34,000 to $825,000. Open house Sunday, 2 to 4 p.m.
83 Oakridge Road: 4 beds, 3 baths. Huge kitchen, huge sun room, finished basement. Cut $300,000 to $995,000.
1 Claridge Drive #2: 4 beds, 3 1/2 baths. Spacious penthouse condo with library den. Cut again to $999,000.

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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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