Real Estate In The Sixes

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As the Verona real estate market recovered from the recession, listing prices began to move up and the number of listings experiencing price cuts began to move down. That’s meant more listings in the $500,000 price range and, this weekend, three new listings in the $600,000 range–two of which have been substantially or entirely renovated. The five new listings this weekend are matched by five open houses, but, more unusually, six listings with lower prices. There have been many weeks in recent months when the listings moved to contract so fast that there have been no price changes at all.

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

NEW LISTINGS
2 Claridge Drive #9JE: 1 beds, 1 1/2 bath condo in full-service high-rise building. Storage space on same floor. $259,000.
8 Rose Terrace: 4 beds, 2 baths. Bi-level with updated kitchen, baths on large flat yard. $483,000.
20 Church Street: 4 beds, 2 1/2 baths. Gut-renovated colonial with porch. New mechanicals, finished basement. $629,000.
17 Cypress Avenue: 4 beds, 2 baths. Newly renovated. Deck, fenced yard. $664,900.
24 Sunset Avenue. 4 beds, 3 1/2 baths. Colonial with large kitchen, formal dining room. $698,800.

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OPEN HOUSES
98 Franklin Street: 2 beds, 1 1/2 baths. Updated kitchen, fenced yard, dead-end street. $329,000. Open house Sunday, 2 to 4 p.m.
140 Sunset Avenue: 4 beds, 2 baths. Updated kitchen, baths. Golf course views. $489,000. Open house Sunday, 2 to 4 p.m.
27 Franklin Street: 3 beds, 2 baths. Split-level with finished basement. $499,900. Open house Sunday, 1 to 4 p.m.
208 Linden Avenue: 4 beds, 3 baths. Family room opens to backyard. Cut another $12,000 to $535,000. Open house Sunday, 2 to 4 p.m.
20 Church Street: 4 beds, 2 1/2 baths. Gut-renovated colonial with porch. New mechanicals, finished basement. $629,000.  Open house Sunday, 1 to 4 p.m.

PRICE CHANGES
1 Claridge Drive #426: 1 bed, 1 1/2 bath condo in full-service high-rise building. Updated kitchen, new baths. Cut another $8,00 to $191,900.
1 Claridge Drive #215: 1 bed, 1 1/2 bath condo in full-service high-rise building. Investment property with rental tenant. Cut another $6,000 to $219,000.
1 Claridge Drive #812: 1 bed 1 1/2 bath condo in full-service high-rise building. Renovated, new appliances. Cut $8,000 to $289,000.
39 Brentwood Drive: 3 beds, 1 1/2 baths. Family room addition, wood-burning fireplace. Cut $16,000 to $439,000. 
208 Linden Avenue: 4 beds, 3 baths. Family room opens to backyard. Cut another $12,000 to $535,000. Open house Sunday, 2 to 4 p.m.
11 Roberts Court: 4 beds, 2 1/2 baths. Large family room. Quiet cul-de-sac location. Cut $24,000 to $795,000. 

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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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