Monday, October 2, 2023

55+ Active Adult Communities in Morris County, New Jersey

 

Morris County, New Jersey is home to a large variety of condo and townhome communities for active adults! Most communities are 55+ with a few requiring only 48+. With abundant amenities and services designed to fit your needs, each community brings a wealth of fun, comfort, and neighborly spirit. Morris County just 30-60 minutes from New York City, so you'll have plenty of options for recreation at home or in the city!

TownCommunityTypeBedsBathsParkingPrice RangeAvailable Homes
Chatham TwpMelrose at ChathamTownhomes3-43.1-3.22 Car Garages$1,200,000-$1,600,000CHECK
Chester TwpFour Seasons Townhomes 3-4 2.1-3.1 2 Car Garages $480,000-$700,000 CHECK
DenvilleRegency at Denville Townhomes 32.1 2 Car Garages $660,000-$850,000 CHECK
East HanoverCerbone Villas Townhomes 22.11 Car Garage$350,000-$425,000 CHECK
Florham ParkBrooklake ParkCondos21.0-2.01 Car Garage$400,000-$480,000 CHECK
Florham Park Del Webb Florham ParkCondos, Townhomes1-41.0-3.00-2 Garages$475,000-$1,400,000 CHECK
Florham Park Northgate at Florham Townhomes 2-42.1-3.12 Car Garages$875,000-$1,310,000 CHECK
HanoverViera at Hanover Townhomes 2-32.1-3.12 Car Garages$700,000-$950,000 CHECK
MontvilleCampagnaCondos1-21.0-2.0Assigned Spot$280,000-$420,000 CHECK
Morris PlainsVenue at the AmericanCondos, Townhomes32.11-2 Car Garage$600,000-$1,040,000 CHECK
Mount ArlingtonHorizonsCondos221 Car, Undeground Garage$340,000-$415,000 CHECK
Mount Arlington Nolans RidgeCondos22Assigned Spot$375,000-$605,000 CHECK
ParsippanyFour Seasons Townhomes 3-42.1 2 Car Garages $530,000-$570,000 CHECK
ParsippanySterling Mist Townhomes 32.1 2 Car Garages $537,500-$660,000 CHECK
RandolphDawson Brook Townhomes 22.1 2 Car Garages $770,000-$838,000 CHECK
Rockaway TwpFox HillsCondos1-31.0-2.01-2 Assigned Spots$215,000-$532,000 CHECK
Rockaway TwpGreenbriar at Fox RidgeCondos1-21.1-2.1Assigned Underground Parking$295,000-$560,000 CHECK

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With their Multi-Cultural Background, over 50 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.

www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Wednesday, March 29, 2023

Where Are the Spring Listings?


Allison Dinner/Getty Images

Dana Bull, a real estate agent in the greater Boston area, says there’s one major question on the minds of house hunters she encounters these days: “Is it going to get better?”

Such shoppers aren’t referring to mortgage rates. Rather, it’s a lack of attractive listings bringing down their moods. “We’re starting to see tones of desperation,” Bull said in an interview earlier this month. “A lot of these buyers have been waiting six weeks, and they haven’t seen a single home that meets their criteria.”

The typically-busy spring home buying this year is sending muddled signals, particularly in comparison to the strong market at this time last year. Existing-home prices have fallen slightly from year-ago levels, but new listings remain scarce. Mortgage rates in recent weeks have pulled back, but are still well above year-ago levels—not to mention the historic lows set earlier in the pandemic. The volume of home purchase loan applications measured by the Mortgage Bankers Association has improved for three weeks in a row, but pales in comparison to the same period last year.

Put simply: “The housing market is in a weird spot,” Peter Boockvar, an economist and Bleakley Financial Group chief investment officer, wrote in a Thursday email to clients. The slim inventory of existing-homes for sale is keeping home prices strong, Boockvar wrote. “Speaking from experience at least in the Northeast, prices are high, bidding wars above ask are still taking place but we have to wonder how long this can last,” he wrote. 

Mortgage rates have dropped in the wake of bank sector tumult and the Federal Reserve’s 0.25 percentage point rate hikeFreddie Mac ’s weekly 30-year fixed mortgage rate gauge fell to 6.42% as of last Thursday, the lowest such rate in about a month. “If mortgage rates continue to slide over the next few weeks, look for a continued rebound during the first weeks of the spring homebuying season,” Sam Khater, Freddie Mac’s chief economist, said in a statement, Barron’s reported

A smooth descent is not necessarily guaranteed. While forecasts published by trade groups such as the Mortgage Banker’s Association and the National Association of Realtors foresee mortgage rates ending the year lower than where they began, the near-term could be bumpy. Mortgage rates in the wake of the Fed’s March meeting last week “are likely to temporarily decline but not plummet,” Redfin wrote in a Friday report. “Demand is likely to swing up and down based on fluctuations in rates and availability of homes on the market.”

Buyers coaxed off the sidelines by lower rates could have a hard time finding the home that’s right for them: The inventory of existing-homes remained low in February, the National Association of Realtors said on Tuesday. There were 980,000 units available for sale at the end of February, the trade group said—up from February 2022’s scarce supply of 850,000, but significantly below the February historic average of roughly 2.15 million, according to counts dating back to 1999.

Early data from Redfin shows that homeowners’ reluctance to sell may have continued into March: the number of new listings during the four-week period ended March 19 was 22% lower than one year prior, according to Redfin data published last week—a year-over-year decline that the brokerage characterized as one of the largest since the early days of the pandemic.

”Prospective buyers are struggling with tight supply, as sellers are typically slower to return than buyers,” Redfin’s Dana Anderson wrote in a Friday report. “Many would-be sellers are reluctant because they want to hang onto a low mortgage rate–nearly all homeowners have a rate under 6%–and because they’re also buyers struggling with low inventory.”

In the meantime, new homes could absorb some of that demand. “The lack of existing home inventory means demand for new homes will rise as interest rates decline over the coming quarters,” Alicia Huey, the National Association of Home Builders’ chairman, said on Thursday,” Barron’s reported

About one in four for-sale homes right now is new, says BTIG home building analyst Carl Reichardt. The share is normally closer to one-in-ten, he says. Part of the difference is intent: there are “many dozens of different motives someone might have to sell an existing home,” Reichardt says. “A builder has one: it’s their business.” Builders with their own finance companies are also able to drive some demand by buying down interest rates, the analyst adds. 

“For all those reasons, you’ve seen new homes gain share of the overall transaction market, and I expect that we’re going to continue to see that for a while,” Reichardt says. 

The full article originally appeared on Barron's here. Written by Shaina Mishkin.


With their Multi-Cultural Background, over 50 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.

www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Tuesday, March 28, 2023

How Homeownership Is Life Changing for Many Women

 

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.

Why Is Homeownership So Important to Women?

The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.

On the financial side, housing proves to be the key to building wealth for single women. Ksenia Potapov, Economist at First Americansays:

“For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman’s wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth.”

The financial security and independence homeownership provides can be life changing, too. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer.

A recent report from the National Association of Realtors (NAR) shares the top reasons single women are buying a home right now (see chart below):


Bottom Line

Homeownership can be life changing no matter who you are. Work with a local real estate agent today to talk about your goals in the real estate market.


With their Multi-Cultural Background, over 50 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.

www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Friday, February 17, 2023

Enclave at Short Hills Townhomes, New Jersey

Live in the heart of Short Hills, New Jersey in the ONLY GATED, Luxury Townhome Community in Short Hills, NJ. The Enclave at Short Hills offers residents the rare opportunity to live a Luxury, Urban Lifestyle in a smartly designed townhomes. Prestigious Short Hills, NJ offers a Top Rated School System and a short ride to all that the Essex County Area has to offer and is approximately 22 miles from New York City and is just minutes away from all the conveniences necessary for today's lifestyles. It is a great place to Live, Raise a Family, Relax and Enjoy Life! Welcome to Luxury, Maintenance-Free Living at it's very best!

Community Highlights

  • A Distinctive Townhome Community of 3 bedroom townhomes with 2.1-4.1 Baths and 2 Car Garages in Short Hills, NJ.
  • Quality Construction by Toll Brothers located in the heart of Short Hills and steps to Fine and Casual Restaurants.
  • Modern Townhome Design, Truly Elegant Residences.
  • 12 +/- minute walk to Short Hills Train Station with Midtown Direct Train to New York City.
  • 30 +/- minute drive to Manhattan.
  • 18 +/- minute drive to Newark International Airport.
  • 10 +/- minutes drive to The Mall at Short Hills.
  • Many Floor Plans to choose from including three floor plans that offer a Master Bedroom Suite on the First Level.
  • High-end Kitchens with Designer Stainless Steel Appliances and Spa-like Master Baths
  • Walkout Basements and 2 Storey Livings Rooms.
  • All Units have Basements, some of them have Finished Basements and some of them are Walkout Basements.
  • Ultimate Convenient Location! Safe, Quiet & Beautiful.
  • Minutes to Major Routes like 24, 78, Garden State Parkway, 287, 80, 280 provide for the Ultimate Location and Home Values.
  • Short Hills has an Excellent, Top-Rated School System.
  • Short Hills is an unincorporated community located within Millburn Township, in Essex County, New Jersey.

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With their Multi-Cultural Background, over 50 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.

www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

The Fairways Townhomes in Livingston, New Jersey

The Fairways at Livingston, New Jersey is a sought after Premiere, Gated, Luxury townhome community in the north west section of Livingston Twp., NJ. The community is located right next to the Cedar Hill Golf & Country Club and off Route 10 and is ideally located close to schools, shopping, highways and public transportation. The Fairways offers its residents that rare opportunity to live a Luxury, Urban Lifestyle in a smartly designed townhomes. The Fairways also features Ultra-Sophisticated Amenities for a Lavish Lifestyle Beyond Compare. This community features 214 Townhouses of various floor plans. It offers Luxury, Maintenance Free Living without sacrificing space in the Top-rated Livingston NJ School District. It is a great place to Live, Relax and Enjoy life.

From the Elegant Clubhouse which is a great place to meet friends, to the refreshing Swimming Pool or the Fitness Center and Tennis & Basketball Courts, the community has always been the place for buyers in Northern New Jersey. At the Fairways, exteriors are designed to be low maintenance and your lawn mowing and snow removal are all taken care of, so you'll have plenty of time to enjoy the fabulous clubhouse and amenities. Livingston lies just 26 miles west of New York City in Essex County, NJ and is just minutes away from all the conveniences necessary for today's lifestyles.

Community Highlights

  • Premier Location in Desirable, Livingston, New Jersey.
  • Located next to the premier, members-only Cedar Hill Golf & Country Club.
  • Some Townhomes have views of the Golf Course.
  • Ultimate Convenient Location! Safe, Quiet & Beautiful.
  • Gated Community with 24 Hour Security and ample visitor parking.
  • Ultra Sophisticated Amenities include an Elegant Club House with Billiards and Kitchen facilities, State of the Art Fitness Center, Outdoor Swimming Pool, Tennis and Basketball Courts.
  • Many Floor Plains ranign from 2000-4100 Sq. Feet including some that feature First Floor Master Suites. 
  • All Units have Basements, some of them have Finished Basements.
  • Right at the Entrance to the community is Bus which takes you to New York City and a jitney to the South Orange Midtown Direct Train Station.
  • 35 +/- minute drive to Manhattan.
  • 25 +/- minute drive to Newark International Airport.
  • 15 +/- minutes drive to The Mall at Short Hills.
  • Minutes to Major Routes like 24, 78, 10, Garden State Parkway, 287, 80, 280 provide for the Ultimate Location and Home Values.
  • Shopping, Restaurants along Route 10 and Cultural Activities abound nearby including Museums, Historical Landmarks, Art Galleries, Gardens, Parks and Recreation Galore.
  • Livingston has an Excellent, Top-Rated School System.

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With their Multi-Cultural Background, over 50 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.

www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com