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Bergen County Real Estate News: July 2009 – Week 1

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

July 2009 – week 1 Issue

July for Alpine residents
Good times for housing
4th July celebrated low key across Bergen towns
Storm hits Bergen County neighborhood
Housing project in Fort Lee
 

July for Alpine residents

July is the month for plenty of activities in Bergen County. Residents of Alpine can participate in the ‘Peanut leap cascade’ hike on July 12, 2009. This hike will take the participants across a two mile hike on moderate terrain. The hike promises impressive views of the region and many steep slopes, while the base of the Peanut leap cascade also has ruins of some beautiful sculpture work done by Mary Lawrence Tonnetti. This hike is being offered free of charge to those who keen on knowing more about their neighborhood. Events for children in Alpine include the ‘Sea Glass Hunt’ which is scheduled for July 18th, 2009 from 11am onwards. As sea glass is a unique natural phenomenon, this event will bring together children and allow for a one hour expedition at the beach, during which participants will look for sea glasses. The one mile trek will be on easy terrain and the tour will be guided by an expert from the Palisades Interstate Park Commission. Those interested in participating in any of the two events can gather more information from the Palisades Interstate Park Commission of Alpine by contacting (201) 768-1360.


Good times for housing

Real estate experts state that the good times for housing may come soon, as home sales were seen to go up a little. As per statistics, the sales of previously occupied homes were noted to go up by a small margin from the month of April to May 2009. While this is not a strong indicator of recovery in the housing market, optimists hope that this signals that the good times will soon be back. To add to this, the National Association of Realtors also indicated that home sales increased by 2.4% to a seasonally adjusted annual rate of 4.77% in May 2009. Real estate experts also added that as the market has become more of a buyer’s market with plenty of range and options, home sellers must work towards creating a good selling environment of their homes. In this regard, it is best to create a great first impression of their home through showcasing good interiors, modern amenities and minimal structural defects. Projecting the benefits of the neighborhood is also a great idea.


4th July celebrated low key across Bergen towns

Financial constraints in various towns of Bergen County have forced many residents to reduce their spending on fireworks. The fourth of July was thus a low-key affair across various towns. Officials of few towns like Fort Lee explained that by canceling the fireworks they could save amounts up to $29,000. This amount that was usually spent every year encompassed not just fireworks but also overtime for DPW and the police department. Officials added that fireworks were more of a luxury and could best be avoided in taxing times such as these. Taking this example few other towns have also cancelled their annual fireworks saying that while people will be disappointed, they will surely understand the seriousness of the situation. In Teaneck however the town will have an annual day parade as it always does. However given the current economic crunch, the event will be downsized. Officials added that however the show does promise its usual rides, food and gaming stalls. Officials hope to save approximately $7000 with all the cutbacks.


Storm hits Bergen County neighborhood

Residents of Bergen County experienced a great super-storm that felled hundreds of trees in the region and left many in a state of shock. This storm that took place on Tuesday, 8th July, 2009, produced winds at the speed of 60mph in a short span of ten minutes and many residents did not know what hit them. As various power lines were uprooted in the process, many residents also had to live without power till the storm calmed down. Utility crews almost spent the entire day clearing the mess left by the storm while residents hoped that the super-storm would not return. While many towns of Bergen County were affected, maximum impact was visible in the towns of Cresskill, Hillsdale, Rivervale and Woodcliff Lake. Huge trees and power cables were seen scattered across streets and many residents said that the region looked like a war zone. Experts added that the storm was known as a ‘supercell storm’ and was caused by a rotating updraft of warm air known as a mesocyclone. While the storm lasted for just fifteen minutes, its impact was very strong.


Housing project in Fort Lee

A mixed use complex comprising of residential units, shopping and business may soon become reality in Fort Lee as a new project gets underway. This project which is known locally as the Centuria site stretches over a long tract of land which is bounded by Lemoine Avenue on one side and Bruce Reynolds Boulevard on the other. The land has been an issue of contention for many years as the Town & County Developers were removed as official developers for the site in May 2008. This happened after the developers failed to pay property taxes of the region. Soon, TDC Fort Lee (affiliate of Tucker Development Corp, Illinois) also purchased the western region of the property of 7.9 acres for $1 million, assuming the debt of Town and County Developers for $32 million. Also the submission deadline for proposals has twice been extended.  While officials are not concerned about the double extensions of the deadline, they expressed more concern in getting the right developer for the project. Deadline for proposals has been extended to July 31, 2009. Officials will decide on a developer by 10h September, 2009 and a redevelopment agreement is expected to be signed by January 15th, 2010.


Buy a Home in Bergen County

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Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

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