So What’s Going on in the Passaic County Real Estate Market?: The Rand Quarterly Market Report for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here.
The Passaic County housing market continued to strengthen in the second quarter of 2015, with increases in both sales and prices that reflect a sustained increase in buyer demand. Going forward, we expect that this will continue through a seasonably strong third quarter.
Sales. Passaic County sales were up in the second quarter, rising 5.1% from last year. That marked the third straight quarter with year-on-year sales increases, demonstrating sustained growth in buyer demand. You can see that in the longer-term trend, with sales up 5.4% for the rolling year. Clearly, buyer demand in Passaic County is strong and getting stronger.
Prices. These sustained increases in buyer demand are having their expected impact on pricing, with prices up across the board from last year: 3.3% on average, and 3.1% at the median. For the year, we saw a mild but meaningful 1.1% increase in the average sales price, indicating that Passaic pricing is slowly but surely moving in a positive direction.
Negotiability. The negotiability indicators, though, were decidedly mixed, demonstrating that sellers are still struggling to gain negotiating leverage with buyers. The days-on-market indicator was essentially flat for both the quarter and the rolling year, and the listing retention rate was actually down a bit. In other words, homes were taking just about as long to sell, and were being discounted a little more heavily.
Going forward, we expect that Passaic County buyer demand will stay strong through the seasonally robust third quarter, and that we will continue to see price appreciation through the end of the year. With home prices at affordable levels, interest rates near historic lows, and a generally improving economy, we expect the Passaic market to stay strong.
CLICK HERE TO DOWNLOAD YOUR COPY OF THE COMPLETE REPORT
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.
So What’s Going on in the Morris County Real Estate Market?: The Rand Quarterly Market Report for 2015Q2

This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here.
The Morris County housing market spiked in the second quarter of 2015, with sales up sharply and prices continuing to appreciate. If buyer demand stays strong, then we are likely to see continued meaningful price appreciation through the end of the year.
Sales. Morris County sales surged 17% in the second quarter, with the 1,498 sales marked the highest second-quarter total since 2007, at the tail end of the last seller’s market. This continues a trend that we’ve been watching for almost a year, with year-on-year sales now up for three quarters in a row – with the rolling year sales now up 6.2% from the prior rolling year.
Prices. As we would expect, these sustained increases in buyer demand are having an impact on pricing, with the average sales price up 4.1% and the median sales price up almost 1%. For the rolling year, we’re also seeing positive results, with the average price up 2.3% — a meaningful and sustainable level of appreciation.
Negotiability. Morris County home sellers are also gaining some leverage in negotiability, as indicated by the time that homes are staying on the market and the amount that they’re discounted by sellers. The days-on-market were down 4.4% for the quarter and 5.1% for the year, indicating that homes are starting to move more quickly. And the listing retention rate was up for both the quarter and the year, indicating that sellers are negotiating deals closer to their asking price.
Going forward, we expect that the Morris County market will continue to grow through a seasonally strong third quarter. With homes still at historically affordable prices, interest rates low, and a generally improving economy, we believe that buyer demand will stay strong and continue to drive price appreciation through the end of the year.
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.
What Millennial Homebuyers Should Look For In a Home

Back in March, a study done by the National Association of Realtors revealed that the largest group of current homebuyers were millennials, those who are 34 years old or younger. With todays’s changing demands of what homes should include, there are certain things that millennials look for. Because of that, millennials have become an increasingly important market segment in real estate, and if you’re a millennial, like myself, you should have an idea of what to look for in a home.
The kitchen and bathrooms of a home can become a very costly renovation, so if you’re on a budget due to student loans, car payments, etc., it will be better if you purchase a home that already has them upgraded. When buying a home, you already know you’ll be putting a lot of money into it, so you shouldn’t have to worry about spending additional expenses on upgrades in your new home. Plus, you don’t want to become more stressed in an already stressful time. Although there might be a few things you’ll want to fix after you have settled into your new home, you don’t want to have to focus on shelling out more money for significant renovations later on.
Another important feature you should look for in your home is an office. If you have a family and want to do some work at home, it’s beneficial to have your own separate place where you can go and be alone to get things done. Given how mobile our generation is, the ability to work from home has become a lot more attainable, depending on your profession. If you normally work from home, this is a very useful amenity. If you usually work away from home, you can still use a home office on weekends or other days off when you’re in the mood to get some work done.
Location is another significant factor that you should take into consideration when searching for a home. When thinking about a location, you have to contemplate what will work best for your situation, such as needing access to public transportation; or, if you have children, looking for an area that’s a little more suburban and has a great school district. You don’t really know for how long you’ll be living in a certain home (you might find an even better one in the future), so you want to be sure that it’s not just the home that you think about, but also the location, the community, and what that area offers.
We live in a reality-TV era, and when you’re looking for a new home, there’s a chance that you might get hooked on a reality television show or two about real estate. While it’s okay to watch these shows from time to time, you shouldn’t let your expectations get out of hand as to how the home-searching process is going to play out.
“The millennial buyers are the buyers who have had the most exposure to the popular TV shows that showcase real estate,” said Donald Dwyer, real estate associate broker for Better Homes and Gardens Rand Realty and manager of its Yorktown office. “In watching these shows, they are often influenced by transactions occurring out of state and frequently come to our agents with unrealistic expectations. These expectations are often about the condition of homes, size of bedrooms, price, and seller concessions.”
If you’re a millennial, you’re most likely going to ask about the home’s technology. According to a 2013 survey done by Better Homes and Gardens Real Estate, 56 percent of millennials say that technology is more important than curb appeal, 64 percent wouldn’t live in a home that doesn’t have the latest technologies, and 84 percent believe that modern technologies are a must-have for a home.
Given how mobile devices and the Internet are used heavily in our day-to-day activities, you’re going to be looking for homes that are compatible with today’s technology. In this case, a home that includes excellent phone reception from a mobile carrier’s signal and a Wi-Fi connection from a service provider will certainly be high on your list during the searching process.
“Millennial buyers tend to be very tech-savvy and love to search for homes on their own,” said Dwyer. “They attend open houses and are highly selective. They only involve an agent when they have found a particular home they want. Many of these buyers are straddled with college debt, which often makes them less eligible to buy the house that fits their dreams, which can pose a challenge for their agent. Millennials are going to be 90 percent of the workforce in a decade, so agents must be prepared to work with them and stay ahead of the technology curve.”
Speaking of the Internet, more than 80 percent of homebuyers (of any age) use it for their home search, according to the NAR. So, it’s important that a property looks as appealing as possible to potential buyers when they look online. As a millennial, I know our generation is used to having crystal-clear images on our computers and cell phones, so I’m sure you don’t want to see home photos that are grainy or out of focus. The photos should grab your attention and interest, and that can’t happen if you need to squint at the image.
Being a millennial, I know you want to have the latest entertainment and backyard features that will offer your guests a memorable time when you invite them over. If your budget allows it, having something like a patio, a pool, fire pit, a big-screen TV, or a basement built for entertainment purposes will attract family and friends to your home. Once you purchase a new home, you’ll want to throw a housewarming party, so including any of these fun amenities will have your guests coming back.
If you’re a millennial homebuyer and are just starting out on your search for a home, make sure to find a place that fits your needs, but don’t go for more than you can afford. Owning a home is a huge responsibility, but if you know what to look for, your search will be a successful one.
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.
Sources
How to Hire the Right Contractor
When you own a home, there will come a time when you want to make some changes to the layout. Maybe you’re getting tired of the look, and you’re now in the mood to try something a little different. If your desired renovations are pretty significant, it would be best to hire a contractor to help bring your ideas to fruition. When you pick a contractor, however, you have to make sure they are going to do the best job possible and not cause you any grief. There are several steps to take in doing so, but these are a few to get you started.
The first thing you should do is ask around for recommendations. When you talk to people whose opinions you trust, such as friends, family, or even your building inspector, chances are they will have several names to provide for you, and inquiring others about contractors will give you a better idea of who you might want to consider hiring. If it were me, I would want to talk with my acquaintances first before checking online reviews because you can actually talk with those of the former group, instead of just reading an online review.
After you have done some research and made a list, begin making phone calls to your possible contractors, and also have all of your questions ready, such as if they are insured and licensed, before you start calling around. This is a big job for your house, so you want to make sure you know what you’re looking for and that the contractors know what you’re looking for. It also won’t hurt to ask your contractor for a list of previous clients. This will give you an idea of their past experiences, which will come in handy because you don’t want to hire just anyone. Also, ask the contractors if they will be working on any other projects at the same time as your home. You want to hire a contractor who is going to be able to commit as much time as possible to your home. So, if they have multiple projects going on, you might want to consider hiring someone who will be a little more flexible.
Once you make your calls and narrow down your list, the next step is to meet with your final choices. This will further help you when choosing a contractor because you will get to see how you interact with them in person. Don’t forget, this individual is going to be working on your home for a period of time (depending on how long it takes to finish the project), so even if you agree with the personalities of your contractors, it will be in your best interest to check with your local Better Business Bureau to see if these contractors have had any arguments with previous clients. This is something you need to find out because you have to be sure that you hire someone with whom it will be easy to communicate in a friendly and professional manner. If you’re making changes to your home, the last thing you need is a contractor who’s going to cause problems.
After you meet with your final choices, it will greatly benefit you to contact some of those contractors’ past clients and ask how they felt about those contractors. Without being intrusive, ask those clients if they wouldn’t mind letting you see their finished products. This is pretty much the equivalent of contacting a person’s references on a job application and will give you an idea of the quality of work that these contractors will be doing on your home. All of this feedback from past clients can be an important factor that determines whether or not you decide to hire a certain contractor.
Making considerable changes to your home is a time-consuming task, and you want to make sure that it goes smoothly. In order to make that happen, you have to hire the right person, so take your time in researching who you would like to work with. Once you find your contractor, you will then be ready to remodel your home!
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.
Sources
How to Make Friends When You Move to a New Neighborhood
Moving to a new home can be one of the most exciting chapters in your life, but it can also bring a few transitionary challenges, one of which is that you’ve moved away from your friends in your previous neighborhood. Although this may seem hard at first, today’s technology will allow you to keep in better touch with them, and you now have an opportunity to make a whole new set of friends. Here are some ways to establish friendships with the residents in your new neighborhood.
One of the first things you should consider is throwing a housewarming party. An event such as this will surely attract several neighborhood residents to your house. If you know a few of your guests better than you do others, you can ask one of the former to introduce you around to some of the neighbors you’re not yet too familiar with as a way to create more friendships. Other than food and music, you should include some fun games that require teamwork, which will therefore strengthen the connection between you and your new neighbors.
If you have young children, and if some of your neighbors do as well, you can set them up on a playdate. Not only will this help you bond more with your neighbors, but it will help your children establish new friendships as well. Also, if your children and your neighbor’s children go to the same school, you can volunteer with other parents to chaperone at any school functions or join the PTA. When you and your neighbors have children, this will also give you the chance to go to any local family-friendly events that you all can enjoy together.
Another way you can connect with your neighbors is to try and find common interests. This will open a whole host of opportunities where you can bond over hobbies you love, which will make those hobbies more enjoyable when in the company of friends. If you all like community service, find an organization at which you can volunteer. If you like to exercise, you can go on daily runs, bike rides, or join a gym together. If you’re sports fans, catch a game. When living in a sizable neighborhood, you’re very likely to find at least a few other people who enjoy what you enjoy.
You might also want to think about establishing a weekly or monthly tradition, such as a movie night, game night, or date night. Creating traditions will give you and your friends something to look forward to in the middle of your busy schedules and will provide you all with a chance to spend time with each other if you haven’t done so in a while.
The workplace is also a possible spot where you can make new friends. You can connect with your coworkers by assisting them with certain tasks, and you can also connect with them on lunch breaks or at work events. As you get to know your coworkers when assimilating into your new career surroundings, this could lead you to spending time with them outside of work, such as taking part in some recreational activities.
Getting to know everyone is all part of the moving process, and it can also be the most fun. While meeting your new neighbors might seem a little intimidating at first, you have to remember that they were in the same position as well when they moved to that neighborhood. All you have to do is be friendly, and then everything else will fall into place.
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.
Sources
How to Stay Safe When Enjoying Summer Activities

With Memorial Day weekend approaching, many people are going to start heading to the beaches, strolling the boardwalks, and firing up their barbecues. There are countless things you can do during the summer while enjoying the comfortable warmth of the weather, but it’s important to know how to keep you and your children safe while doing these activities, so here are some tips on how to do so.
During the summer, I love to eat barbecued food as much as possible, and I’m sure you do as well. If you decide to have a big get-together and want to barbecue, you have to be especially careful if young children are present. When the grill is heating up and then cooking the food, always make sure that all children are a safe distance away. Also, keep any sharp grilling tools out of their reach.
If you’re going to be outside during the day and the heat is fairly strong, supply yourself with a sufficient coating of sunscreen as protection against sunburn and any illnesses caused by overexposure to the sun. If you plan on being outside at night, use some bug spray in order to fend off any pesky mosquitoes.
Some of the bigger safety measures you have to take during the summer is when you go swimming. If you’re a parent and take a young child to a pool or the beach, make sure you keep an eye on them so you know they don’t go into a deeper section of the water. In the event that your child is feeling daring and wants to venture into deep water, provide them with a set of water wings. As far as going in the water right after eating is concerned, recreational swimming shouldn’t cause a problem, but if you’re swimming as a form of exercise, you should wait an hour after you eat before going in.
If there is an occurrence of a heat wave, don’t go outside if you don’t have to; just stay inside and turn up the air conditioner. If you do have to go outside, remember to stay hydrated, use plenty of sunscreen, and don’t overexert yourself.
Going on a hike is another activity that you should consider when you have a beautiful day to enjoy. Before you go on a hike, make sure you have the right materials, such as enough water, some food, a first-aid kit, a cell phone, sunscreen, bug spray, and if you’re not familiar with the path you’re taking, make sure to bring a map with you. If you encounter a bear or any other sizable animal while on a hike, make sure you have an escape route.
This is the season where trying to avoid bicyclists on the road becomes something of a sport, but it’s important not to get frustrated with them. If you decide to go out for a relaxing summer drive on a sunny day, odds are that you’re going to encounter some bicyclists. Be careful that you don’t drive too close to them, and don’t try to speed past them; just wait for a chance to pass the bikers so everyone evades danger.
If you happen to be a biker, try to stay as much to the side of the road as possible in order to avoid vehicles, and if there’s a bike lane, stay in it. Although it’s better and safer to bike during the day, people sometimes might want to do it at night. If that’s the case, make sure you have a reflector on the front and back of your bike so the headlights of any vehicle coming towards you will spot you and know to be extra careful. Also, whenever you bike, whether it be by yourself or in a group, it’s very important to be familiar with the different hand signals. Lastly, always wear a helmet, elbow pads, and knee pads.
You want to have a much fun as possible during the summer, but that doesn’t mean you should disregard any safety precautions. If you ignore these and get injured, that’s going to prevent you from taking part in other recreational activities during the season. Remember, it’s okay to be adventurous, but you also have to be careful.
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.
How Realtors Can Protect Themselves When Showing a Home
During the spring and summer, realtors host and abundance of open houses and give private showings of their clients’ homes. If you’re a realtor and show a home to a potential buyer, you always have to make sure you know how to protect yourself. You can take numerous easy steps to accomplish this, so here are some that will help you stay safe when you’re with a homebuyer.
If a potential buyer calls your office and acts suspiciously, such as not providing any required information, requesting to view a home at strange hours, or not wanting meet at your office before seeing a property, refuse to arrange a showing with them and make other agents in your office aware. By doing so, you won’t only be protecting yourself, but you will also be protecting any other agents this person might have planned to contact.
Before you go out for a showing, you should always let a coworker know where you will be and the time of the showing. Make sure the coworker has your exact address and phone number, and always keep both phones turned on during the time you’re out.
If you’re showing a home in an area that doesn’t feel safe to you, you should definitely ask another agent to accompany you. Safety comes first, so don’t feel embarrassed about asking someone to join you. In these situations, it’s always better to have another agent come with you instead of risking going by yourself.
Whenever you show a home to a buyer, be sure to have them in your sight as much a possible. Don’t make it look as though you’re helicoptering over them, but keep them within your vision. You can do this by having the potential buyer lead the way as you’re going from room to room, especially if you’re going up or down a staircase.
As soon as you’re done showing a home, always make sure that all of the doors and windows are locked to prevent anyone from breaking in. If you return to a home and see any signs of a possible entry, call a police officer and wait outside for them to reach the scene.
When you arrive at a home, make sure your car is parked in a location where you can easily make a quick getaway if the buyer starts exhibiting threatening behavior. You may want to consider parking in the street; that way, if anything happens, you can just drive straight away without having to worry about maneuvering out of the driveway.
It would also greatly benefit you to enroll in some self-defense classes when trying to heighten your protection. You can even get a group of agents together from your office and work out a time when you can all take the classes together. These sessions will provide you with another level of defense tactics that you can use if they’re ever needed, while also working as bonding and team-building activities for you and your fellow agents. Besides knowing some self-defense moves, you may also want to carry some pepper spray as another way to hinder an attacker.
Whether you’re a new or experienced agent, there isn’t such a thing as being too safe. It’s sad to say, but you can’t be too trusting in this day and age, so the importance of knowing how to protect yourself can’t be understated. If you follow these steps, you will feel secure and be much more prepared as you get ready to show a home to a buyer.
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.
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Local Attractions to Visit This Summer
Now that the warm weather is here, you’ll probably start looking for local activities to enjoy. The lower Hudson Valley and northern New Jersey have many attractions that will offer a lot of fun for its visitors. So, if you’re not sure how to spend a lazy summer day, here are some destinations right in your local communities that will add some wonderful memories to your time together.
In Rockland County, one place you should really consider visiting in the gorgeous weather is the Stony Point Battlefield. I know this might not appeal to children right away because they’ll see it as too educational for their summer vacation, but trust me, having been there a couple of times, it’s a really fascinating place to visit. Not only will you get a rich sense of the history that Rockland has in relation to the Revolutionary War, but you’ll also be treated to stunning views of the surrounding landscape. Going to the Stony Point Battlefield will surely add a new dimension to your appreciation for local history.
If you have a child who’s interested in animals and other aspects of nature, then take them for a visit to the Trailside Museums and Zoo at Bear Mountain State Park, located on the border of Rockland and Orange Counties. While there, your child can learn about the different kinds of mammals, birds, and reptiles that are native to New York State. Visitors can also take the opportunity to visit any of Trailside’s four museums: the Natural Study Museum, the Herpetology House, the History Museum, or the Geology Museum. When you bring your child here, they will be amazed at what they can learn about nature, and it’s even more fun to do so at a site as gorgeous as Bear Mountain.
While in Orange County, try the Storm King Art Center in New Windsor, New York, which is considered to be one of the world’s top sculpture parks and has been in operation since 1960. When looking for someplace local that offers a day of magnificent artistry, you can’t do any better than here. With there being over 100 sculptures to marvel at, you can spend the whole afternoon gazing at and analyzing the works in front of you. If you bring your child here, it will provide them with an early appreciation for art and show them the importance of expressing creative potential.
If you want to satisfy your hunger for adventure, you should attend the Renaissance Faire in Tuxedo Park, New York, which operates on Saturdays, Sundays, and Labor Day from August 1 to September 27. The surrounding forest landscape offers much to the medieval-period feel of the faire and serves as an ideal location for the event. If you want to add thrills and excitement to your summer, but don’t want to go far away, go on a day trip to Tuxedo Park to take advantage of the local summer fun that your community offers.
Amusement parks are always fun to visit when you’re on summer vacation, and if you live near or within Westchester County, you don’t have to go far to find one. I’m talking, of course, about Playland in Rye, New York. It has rides for both younger and older patrons, and if you want to cool off after walking around the park and enjoying the rides, you can go for a swim at Playland’s beach. I remember going to this park when I was younger and having a blast, while also thinking how lucky I was to have a fun destination such as this that is so close to home. You’ll have a spectacular time when at Playland, and once you leave, you’ll be begging to go back.
When in the vicinity of Pleasantville, New York, nature lovers are treated to the opportunity of visiting the Rockefeller State Park Preserve. This preserve offers much for its visitors, with one of its most significant features being a system of carriage roads, built by John D. Rockefeller, which gives visitors the chance to take in the richness of the surrounding environment. There are also 180 species of birds in this preserve, making it the ideal place for birdwatchers. Some other notable attractions that are located in or near the preserve are: a 22-acre lake, a fern garden, an art gallery, and a bird-feeder area. If you’re looking to visit a place that shows tremendous appreciation for nature, this preserve won’t disappoint.
For those who are closer to Bergen County, you can visit Van Saun County Park in Paramus, New Jersey. It is one of the perfect places to go on a sunny day, and whether you’re coming from near or far, it will be worth the trip. This park provides many opportunities for visitors to have a memorable day of family fun, including train rides, a carousel, a zoological park, and a playground that’s ADA (American with Disabilities Act) accessible. With everything this park has to offer, you’ll want to spend the whole afternoon there.
Nature enthusiasts living in New Jersey or closer to New Jersey have the beauty of the Closter Nature Center, which is complete with forests, meadows, ponds, and brooks, all of which are sprawled across 136 stunning acres. Visitors can also take part in nature walks and lectures. For children ages 4-14, this center offers a summer program, which is an outstanding opportunity for youths to admire the splendor of nature and do some exciting outdoor activities.
With everything that these communities can provide for local residents, it all goes to show that you don’t have to travel far to have summer fun.
Be sure to check the websites for these locations for their hours and rates.
To learn more about Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on Twitter.