Exclusive Luxury Housing in Bergen County

Home > Bergen County Real Estate News > February 2007 - week 1

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

Bergen County offering Exclusive Luxury House
Home Sellers Pace up Efforts as Housing Slows Down
Bergen County is housing the homeless
Bergen County Housing Slows Down
Eminent Domain: A Topic of High Awareness

Bergen County offering Exclusive Luxury House

Bergen County may offer you a solution, if you are looking for an exclusive luxury house. Ho Ho Kus' house, designed by architect Myron Goldfinger, comprises of a two story living room, TV room and a bedroom wing with a master bedroom and two more bedrooms with two baths. Besides these the house also has the standard kitchen and dining rooms. What is special about the house is its unique design that resembles a modern beach house and offers a glimpse of modern architecture.

Most of the furniture in the house is built in too and follows the color combinations of grey, white, purple and chrome. The couple who own the house intend to sell it off as they want to move closer to their grand children. The house has been on the market for a year now and is listed for $1.99 million. As the housing market slows in pace, the price of the house has come down from $2.4 million.

Home Sellers Pace up Efforts as Housing Slows Down

Housing market in Bergen County and other parts of New Jersey experiences a slowdown, forcing sellers to boost their efforts by using innovative and new incentives. Yes, giving incentives has been a common trend, but it has usually been in the form of assistance with closing costs, property taxes or with maintenance charges. Some sellers have gone as far as offering free furniture cabinet upgrades also.

However trends have changed today and incentives are more exciting. For example in Demarest, builder American Properties of Iselin are offering exciting offers for people who purchase at the Bellaire Luxury Townhome Estates. They are offering to give away Maserati (costing $125,000) to a buyer among the thirty four multi-million-dollar town homes. These luxury town homes cost $2.2 million to $3.6 million each are being constructed in the style of a French chateau. While seven houses have already been sold in the Bellaire project, since it opened in Spring last year, many feel that the Maserati promotion will push sales further.

Bergen County plans Senior Housing

Bergen County planning board unanimously approved a senior housing plan with 108 units. This project would be housed partly in Woodcliff lake and partly in Montvale. The site is currently occupied by 'The Rink', a roller-skating complex and there have been plans to keep the complex open for the eight months during the construction of the housing complex. However this prospect was rejected after Woodcliff lake officials expressed concern over the safety of children and adults who used the rink during construction.

As per current plans, housing construction will begin as soon as the rink is closed and the developer K. Hovnanian receives the building permit. However the owners of the rink, Marianne Dill and her husband, are not very pleased with the decision. They stated that they planned to operate the rink over the time frame as they had to fulfil many pending contracts with various charities. As the developer has also agreed to pay for a 6-foot steel fence separating the construction site from the skating rink and has agreed to hire a security guard, few officials also feel that restrictions over the skating rink were unnecessary. Traffic experts, engineers and the police departments of both towns had also approved the safety of a new full-access entrance and exit for construction vehicles.

Bergen County Housing Slows Down

The National Association of Realtors showed figures in New Jersey to represent a 16% drop in the sales price of existing homes from the second quarter of 2005 to the second quarter of 2006. Thus while figures represented sales of 188,600 in the second quarter of 2005, they have been on a steady decline since then. In the fourth quarter of 2005, sales were at 176,000 and went down to 157,900 in the second quarter of 2006. This data includes single family homes, condos and co-ops.

Eminent Domain: A Topic of High Awareness

Today many residents across the United States approve eminent domain by a large margin. Officials and people feel that the reason for this could be an increase in awareness and an increasing interest in property rights issues, due to ongoing cases in Lodi. Thus when residents from 12 states were asked to vote on the local government's usage of eminent domain for seizing private property, a majority from ten states approved eminent domain and its initiatives.

Arizona, Florida, Georgia, Louisiana, Michigan, Nevada, new Hampshire, North Dakota, Oregon and South Carolina approved eminent domain referendums, while California and Idaho rejected the same. Even with such a widespread interest in the issue and with 34 states so far approving referendums, New Jersey still does not feature among these states. Many feel that this may not be an issue for hue and cry as the state, residents and legislators are already working to address property rights issue.

Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don't miss out on this opportunity to set house in one of Bergen County's towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

14 Questions to ask a Realtor
5 Powerful Buying Strategies
9 Deadly Mistakes Home sellers Make
Additional Reports
How To Get Top Dollar In Any Market
Making the Move Easy on the Kids
Six Ways To Beat The Stress Of Buying A Home
Different Reasons to Own Your Own Home
Things You Should Know about Moving
When Selling a Home

Get Your Free Inclusive Real Estate Report Now.

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.