Our NJ Midtown Direct housing inventory is down 300 homes in January compared to last year… an all time low! But here’s what I find interesting…a survey done by KCM says that 71% of homeowners would sell in the next 12 months. While this may seem like an inflated number, even if a portion of that staggering percentage is true we are in for a huge increase in inventory this spring (April-June).
I have personally received many more calls to list this spring compared to last spring and that is a strong indication of the amount of inventory that will be coming to the market over the next four months. If you are thinking of selling, the tendency is to want to wait until your flowers are in bloom, just be aware that you may face a lot more competition.
Today’s buyers are frustrated with the lack of inventory and are itching for their perfect house to come on the market. Yes, even with all this snow
The Garden State Multiple Listing Service (GSMLS), has released year end 2013 stats, heralding the Sue Adler Team as #1 in production out of all of the GSMLS agents. At $110 million in volume they were approx $20M higher than their next competitor. Sue’s team helped 131 clients buy or sell in the NJ Midtown Direct market and its surrounding communities. Furthermore, the team ranked #1 in listing proficiency. GSMLS covers Essex, Union, Morris, Somerset, and surrounding NJ Counties.
Howard Bunn, Sue’s broker at Keller Williams wrote, “Of all your 45 listing sales in 2013, you averaged 99.5% sale to original list price ratio. 35 of your listings did not require a price adjustment and on those 35, you averaged 102.8% sale to list price ratio. A strong argument for sellers to let you control pricing!!”
Sue doesn’t wing it. Each home is unique and has it’s own unique target. She has buyer networks locally, nationally, and internationally. Her personalized marketing, pricing and timing strategy creates such interest that her listings sell on average 17 days, and for top dollar. She bulletproofs the transaction so that any future possible issues can be avoided.
Dawn is the team’s full time transaction manager and can proudly say that every single one of our listing sales closed in 2013. She has a construction background and successfully negotiated every single inspection. That is rare in this market.
These numbers speak for themselves and make a very strong argument for sellers to rely on the team’s experience and trust their instincts.
Sue and her team are hands-down the most professional and responsive team
Sue and her team are hands-down the most professional and responsive team we could have working for us when we sold our house. Sue is a marketing genius–she attends to every detail and has mastered the digital forms of communication that many buyers rely on. Photos were beautiful, brochure was spectacular and the negotiations were handled most effectively. We felt like we hired the best! ~Eseng and Suzanne Lai, Short Hills Home Sellers
Not only did Sue have a command of the quantitative market dynamics but she also understands the “art” in deal making
Simply put, Sue is as good as it gets. She specializes in sell side transactions and did EXACTLY what she said she would in selling our home. Not only did she have a command of the quantitative market dynamics but she also understands the “art” in deal making. We trusted her judgment from start to finish and were very pleased with the outcome. She is smart, trustworthy, and hard working. I have nothing but the highest praise for Sue and would recommend her without question. ~Jake and Nikki Cappps, Summit NJ Home Sellers
We were delighted with the professionalism demonstrated by Sue Adler and her team
We were delighted with the professionalism demonstrated by Sue Adler, Kaitlin, and Dawn. They were there for us at each stage from preparing to sell our home to dealing with the closing process several months after the sale. During that period of time, they managed the various problems of preparing the house for us after we had already moved to another state. We highly recommend this team. They helped to make a stressful time in our lives into a manageable experience. ~Norman and Barbara Ertel, South Orange Home Sellers
Sue and her colleagues make team meaningful for their clients
The word team is often meaningless. Sue and her colleagues make team meaningful for their clients. Their expertise and coordination capabilities were thoughtful, careful, respectful, and mindful. They think about what they do – how unique. Their attention to detail in helping me think about what I would do to prepare the house was outstanding. As I was travelling out of country, they made the extra effort to keep things on track by their sensitivity to time zones and my business schedule. This is their job but also their passion – getting it right for all parties. ~Steven Schrenzel, Short Hills Home Seller
If you’d like a free consultation on what your home is worth in this market, tips on getting it ready to maximize your profits, just give Sue a call. 973-464-9129 or email firstname.lastname@example.org.
Breaking Westfield Train Line News; Raritan Valley Rail Coalition Announces NJ Transit Service into Manhattan
As of March 2, 2014, New Jersey residents will enjoy limited direct service into Manhattan offered by NJ Transit. One-Seat Ride service rides along the Raritan Valley Line.
According to the Raritan Valley Rail Coalition announcement made on Monday, NJ Transit will offer off-peak service into Manhattan.
The service, One-Seat Ride, arrives in Penn Station weekdays between 10am and 3pm. Towns impacted include: Westfield, Union, Somerville, Scotch Plains, Roselle Park, Readington, Raritan, Plainfield, Piscataway, Netherwood, Mountainside, Lebanon, Hillsborough, High Bridge, Garwood, Fanwood, Dunellen, Cranford, Clinton, Bridgewater, Branchburg, and Bound Brook.
Peter S. Palmer, Rail Coalition Chairman, and Somerset County Freeholder, states One-Seat service is one that is an important first step in the development of towns impacted by the new service. According to Palmer, major development near the train stations is going on.
The mayor was also given praised for his coalition in the effort to make the project possible. Colleen Mahr, Fanwood mayor, headed the coalition, which had a major influence in the outcome of the project.
Since NJ Transit first purchased dual mode locomotives, a lengthy petition began in the effort to put through a one-seat ride into Manhattan by the Raritan Valley Rail Coalition along with 30 mayors. Union, Middlesex and Somerset counties are on the route which the new locomotives will now operate as diesel. Before the tunnel, the locomotives will switch to electronic.
Evaluations will be performed quarterly by the Raritan Valley Rail Coalition who will meet to evaluate and discuss the development of the service and future expansions of the One-Seat with the next improvement being to offer One-Seat rides into Manhattan after 8pm.
For more information you can visit the official Raritan Valley Rail Coalition website at www.raritanvalleyrail.com
Ranked #1 best places in NJ to call home by New Jersey Monthly’s 2013 Top Towns survey, this six square mile town is rustic and posh all at the same time. Mendham is comprised of a township and a borough.There’s Main Street in the heart of Mendham Borough bordered with historic buildings and inns and even an old fashioned drug store with candy and trinkets for the kids; very reminiscent of the old five & dime stores.Adding to that small town feel is the Labor Day Weekend celebration, the borough’s biggest annual event, bringing together residents and friends for a weekend of parades and fireworks.People still sit on their porches with neighbors and share a strong sense of community pride.
But beyond the center of town are hills graced with charming colonials, antique cottages and 1970’s developments on once existing farmlands. Homes range from $500,000 to $5 million multi-acre estates owned by CEO and executives of large companies.
So how was this quiet, bucolic town chosen as #1 in NJ? The rankings are based on most recent home prices, property taxes, schools, crime rates and other various lifestyle attributes.Schools are always top priority when choosing a community and Mendham schools are top notch.There is one elementary, one middle and the high school is shared with Mendham Township, Chester Borough and Chester Township – West Morris Mendham High School which ranked #45 in the state by 2012 New Jersey Monthly magazine.
Because of selective capital projects and sharing services with other towns, Mendham Borough’s administration has been able to keep property taxes relatively steady.This is definitely an attractive allure for this small town.And with home values rising and a big assortment to choose from – traditional to modern, small to big – you’ll find there’s a good chance you’ll fall in love with this town.
I feel very privileged to be listing a spectacular, one-of-a-kind Mid-Century modern Mendham estate and to have learned so much more about what this town offers. The air is so crisp and invigorating and the residents warm and welcoming.
Realtor Magazine, the official magazine of the National Association of Realtors, released its 2013 Best of the Web Real Estate sites naming www.sueadler.com The Sue Adler Team as best website and blog in the country for Teams. The list names various categories: Individual, Team, Company and Best Use of Free Social Network. Recommendations were selected by the magazine’s editors with input from readers recognizing those real estate groups who create superb examples of online real estate space and tools.
According to Realtor Magazine, “The Keller Williams Sue Adler Team is all about highlighting quality of life in her NJ towns. The web site has no shortage of videos, blog posts and photos covering local festivals, dining spots, park events, and youth activities. New Jersey home buyers seeking convenient access to New York will learn from sueadler.com what the Short Hills area has to offer. Best of all, the content is fun and engaging. Web pages are framed with a clearly labeled drop-down navigation system that’s itching to be clicked on. A front-and-center IDX search includes an interactive area map, complete with mass transit commute times to Manhattan. And the site is customer-centric, successfully telling the team’s business story through a robust library of client testimonial videos.”
Hear it Direct, my consumer panel conference for the real estate industry is held twice a year to get a true understanding of what is important to the “google generation” . The insight we gain from these focus groups of buyers and sellers gives my team and others in the industry the ability to create the best possible customer experience from online research to closing. After all, by listening to the voice of the consumer, we can better serve the needs of our clients. On behalf of my entire team, we thank Realtor Magazine for this amazing recognition.
Please check out the article to learn more about the other winners!
Sue Adler Team is Hiring! Seeks Dynamic, Career Minded Full Time Agents
The Sue Adler Team – Is seeking 2 Dynamic, High Energy and Career minded, full time agents to join our team.
This is an excellent long term opportunity for a highly motivated dedicated person to join the #1 Keller Williams Team in New Jersey, with potential for advancement.
You’ll receive training from Sue, access to one of the top real estate coaches in the industry, as well as our amazing support staff who takes care of transaction management and all marketing, and an opportunity to make over $100,000 without any expenses. Read more
From time to time, the housing market undergoes changes that may affect my clients. It’s my responsibility to pass along industry news and keep clients informed.
As of April 1, 2013, annual mortgage insurance premiums for most FHA loans will increase by 10 basis points. The increase is one of a series of changes to be issued to allow the agency to better manage risk and further strengthen the health of the MMI Fund, the FHA’s Mutual Mortgage Insurance Fund. The changes also state that the length of time the borrower is required to pay mortgage insurance will be extended if the loan is applied for on or after June 3, 2013. At that time, borrowers with a Loan to Value (LTV) that begins above 90% will pay mortgage insurance for the life of the loan.
The changes are being made to protect FHA’s single-family insurance programs and to make sure the FHA remains a vital source of affordable mortgage financing for future generations of homebuyers. Borrowers that have already been preapproved for FHA financing that file their case numbers prior to these changes will not be impacted. However, buyers in the market now may want to act quickly before the changes take place. Spring is here and new inventory is cropping up every day.
If you have any questions regarding the HUD changes or other specific financing concerns, please do not hesitate to contact myself or a member of my team. Whether you are in the market today or in the future, we are always here to lend a hand and continually yours to count on.
In 1929, The Summit Historical Society was formed, however, it was not active until the early 1960’s. By the year 1962, the Summit Herald noted that there was no historical society in Summit, only to find out that one already existed. Motivated by the renewed interest in the history of the town, The Summit Historical Society began to actively pursue the preservation of its history, as well as the dissemination of information regarding its past. Currently, there are a large archive of photos, genealogy files, house files, maps, newspapers, postcards and yearbooks on display. This archive also includes city directories which date back to 1890.
Throughout the years, The Summit Historical Society had a number of “homes” before it finally settled at the Carter House located at 90 Butler Parkway in Summit. During the early years of the society, the collection was stored in basements and attics of the founders’ homes, and even in boxes under their beds. Later on, a room in the Wilson School was reconfigured. But by the year 1986, the Society finally moved to the Carter House, the permanent home to materials of Summit’s history.
Volunteers are generally available during Tuesday mornings from 9 am to to noon, Wednesday afternoons from 1pm to 4pm and Thursdays from 3pm to 5pm. All the materials found in the archive of the society is available to the public. The society’s major annual fund raiser event is called as “The Taste of Summit,” a highly anticipated yearly event.
The Carter House
The Carter House is believed to be the oldest existing building in all of Summit. It is a property along the Passaic River, now known as River Road. The land was previously owned by Benjamin Carter in 1740. In the mid-1980s, the home was sold to Glenn Johnson who was approached by historians regarding the preservation of the house. By the year 1986, the home was moved to its current location on Butler Parkway. Johnson did not only donate the house, but also funded part of the cost of moving it, and for the rest of his life he remained a supporter and friend of The Summit Historical Society.
And today, the home is fully refurbished. The first floor features an exhibit room and Victorian library lined with local history books. There is also an early 1800s-style dining area, modern kitchen facility and a colonial-era kitchen. The private caretaker’s apartment is on the second floor.
The Summit Historical Society Details
We’ve come so far so fast! I remember not so long ago when I relocated to our amazing Midtown Direct towns in New Jersey and we opened up our KW office, people would ask me ” Keller who?” and of course I was “Sue who?” back then too. I’m proud to say that Keller Williams is now the #1 Real Estate company in the United States, and locally we have whizzed past our competitors as well. I am very proud to be leading the #1 KW team in our region, and to be a part of the #1 company in the US of A! No wonder we are the only real estate company to be on the Best Places To Work list!
Need an evening out or simply a break from the humdrum weekly cooking routine? Are you a foodie craving a new cuisine or meal at a favorite haunt? Maybe you skipped dinner out on Valentine’s Day in order to avoid the crowds and an overpriced meal. One of the area’s best Restaurant Weeks begins Sunday, February 17 and goes through February 28 (excluding Friday and Saturday) in downtown Westfield.
Downtown Westfield’s most popular restaurants will participate in this two week long celebration when you can enjoy lunch or dinner at one of your favorite spots. This is also a good time to reach out of your comfort zone and try a new fare or even two – your taste buds will thank you.
Prices have been fixed to include any two-course lunch for $10, any two-course dinner for $20 or three-course dinner for $30. Beverages, tax and gratuities are not included in the price-fixed menus.
Mark your calendars and take advantage of this chance to sample one of the great Westfield restaurants. Restaurants are accepting reservations, so call now to book and assure you get a table. And to make the deal even sweeter, The Downtown Westfield Corporation, as part of Restaurant Week is holding a random drawing to win one of four $25 parking cards. The cards can be used in any lot or metered on-street spot. Now that’s almost better than dessert. You must enter online by going to http://events.constantcontact.com/register/event?llr=hkdmqgcab&oeidk=a07e70lprtp766486d6.
Good luck and good eating!
For a list of participating restaurants, click here.
And look out for more information on another Westfield extravaganza. On Sunday, May 5 head to Westfield when its downtown streets are transformed into a marketplace of over 300 vendors with festival foods, entertainment and a KidsZone for the Westfield Spring Fling Street Fair. It marks the beginning of spring.