New Jersey makes the Top Ten Richest States In the US List

New Jersey makes the Top Ten Richest States In the US List

According to Yahoo Finance, New Jersey makes the Top Ten Richest States In the US List coming in at #3 with nearly 200,000 households classified as millionaire households. The criteria included having a million or more liquid assets, which excludes real estate holdings and homes, which we know in NJ can be quite valuable!

In 2007, New Jersey was in the top spot with nearly 229,000 millionaire households. Have some left the state due to higher taxes?

New Jersey makes the Top Ten Richest States In the US List

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Madison NJ Homes & Real Estate Market Update

Madison NJ Homes & Real Estate Market Update

In Madison NJ homes can be quite beautiful and sometimes expensive. With three colleges nearby, this quaint town in North Central New Jersey offers a convenient commute to New York City via NJ Transit's Midtown Direct, a top-rated school system and a charming village with delightful boutiques and a wide range of very good restaurants. Homes in Madison NJ are fairly popular, and so, the Madison NJ real estate market is quite strong.

There are currently 72 homes and condos for sale in Madison, NJ
There were 86 homes and condos for sale in Madison, NJ at this time in 2009

There are currently 8 properties under contract in Madison, NJ
There have been 13 Madison NJ homes and condos sold since January 1, 2010
There were 12 Madison NJ homes and condos sold for the same period in 2009

Average days on the market for Madison NJ homes sold this year to date is 65 days vs 82 days in 2009.
Average sale price to list price for this same period for homes sold in Madison NJ is 93%

View complete data for Madison NJ Homes sold in 2009 vs 2008, and other towns including Chatham NJ, Summit NJ, Bedminster, NJ

Madison NJ Homes & Real Estate Market Update

Chatham NJ Real Estate Market Update

Chatham NJ real estate market update for year to date 2010, vs 2009.

Things, real estate things that is, are looking up. After a few years of real estate doom and gloom, I am happy to report that Chatham NJ real estate is not in the toilet - unlike many other towns in New Jersey and elsewhere. Allelujah for that!

The Chathams
Last year at this time there were 261 homes for sale in the Chathams, now only 246, with the bigger reduction in the Township. More than double the # of home closings this year over the same period in 2009! Average days on the market are down from 74 to 66. Average sales price of Chatham NJ homes sold for this year to date is $633,750.

For a review of 2009 vs 2008 sales
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Thanks for reading. Come back for regular updates for Chatham NJ real estate market conditions
Chatham NJ Condos