Chester NJ Real Estate – Beacon Hill Estates Market Update 2011

Chester NJ Real Estate - Beacon Hill Drive

Beacon Hill Estates – Chester NJ

Click Here for latest Market Report on Beacon Hill in Chester 

Beacon Hill Estates is one of, if not the most prestigious and sought after places to live in Chester NJ. In all, there are 45 luxury homes set amongst the gentle rolling hills in the southern edge of town just northwest of beautiful  Roxiticus Valley. The location is convenient to dining, shopping, schools, banking, commuting, etc. just minutes away in quaint Chester Borough, and only 2 miles away from neighboring Peapack Gladstone, where there is access to NJ Transit train service to NYC on the Gladstone branch of the Morris & Essex line.

Chester NJ Real Estate - Luxury home in Beacon Hill Estates

Chester NJ – Luxury home in Beacon Hill Estates

Minimum lot size in Beacon Hill Estates is 3 acres with some lots being as large as 5 acres. The majority of these luxury homes were built in the mid 1990’s and vary in size from 4 to 6 bedrooms with at least 3 baths and 3 to 4 garages. Other well known luxury home developments in Chester include Hedgerows, The Pond at Chester, Ashton Woods, Winston Farms, Lamerson Hunt, Roxiticus Ridge, Trout Brook Estates, Bamboo Brook and Walnut Hill Estates among others.

Chester NJ Real Estate - Luxury Home in Beacon Hill Estates

Chester NJ – Luxury Home in Beacon Hill Estates

Chester offers a very high quality of life to its residents beginning with an outstanding public school system with a stellar reputation, a new state of the art public library and plenty of choices available nearby in the private school sector, as well. In addition to the Chester Borough historic shopping district, there is a newer contemporary shopping center (Streets of Chester) which is home to some of the nation’s most well known retail designer clothing stores. Open space and public parks and recreation are all in abundance with a wide choice of uses for outdoor enthusiasts and people of all fitness levels.

Beacon Hill Estates – Market Update

As you can see from the graphs below, the number of homes Sold in Beacon Hill over the past 7 years has been fairly steady with the exceptions of 2008 and 2010 where there were zero homes sold and then an above average amount (5) homes in respective years. The remaining five years indicate 2 to 3 homes being sold as the norm. The Average Sale Price of all homes Sold in Beacon Hill has showed a steady decline over the past 7 years from a high in 2006 of nearly $1.4M to just under $1M at the close of 2011.

What Does the Market Hold for 2012?

While it is impossible to make any long term predictions regarding the residential real estate market, especially at the national level, more experts and real estate prognosticators appear to agree (more so than in any of the previous 5 to 7 years) that 2012 may be the year the market finally hits the bottom in terms of pricing. In addition, there is a pent up amount of demand in terms of both buyers and sellers who have been sitting on the sidelines for a long time now with their plans on hold (in some cases up to  several years) who now feel they need to make a decision and get on with their lives.

Many of us would like to have the ability to time the market perfectly in order to avoid selling at the bottom or in the case of buyers to do exactly the opposite. Unfortunately, the rate at which information is gathered, (especially for real estate) does not lend itself to such timely decision making scenarios. It may take anywhere up to 6 to 12 months before we will know for sure when the market finally begins to reverse itself and by that time the opportunity to time the market will be lost.

Chester NJ Real Estate - Homes Sold in Beacon Hill - 2005 thru 2011

All homes sold in Beacon Hill (Chester NJ) for the past 7 years

Chester NJ Real Estate - Beacon Hill - Average Sales Price - 2005 thru 2011

Average Sale Price for all homes Sold in Beacon Hill (Chester NJ) from 2005 thru 2011

Chester NJ Real Estate - Homes Sold in Beacon Hill

Homes Sold in Beacon Hill from 2005 through 2011

Map view of Beacon Hill neighborhood in Chester NJ

Beacon Hill neighborhood in Chester NJ

Satellite view of Beacon Hill neighborhood in Chester NJ

Beacon Hill neighborhood in Chester NJ

For listings or information on Chester NJ or any of the surrounding towns in Morris County, Somerset County or parts of  Hunterdon County simply use the search tools located on the right side of this page. All listings are updated throughout the day so be sure to come back often for the most current information.  If you are unable to find what you are looking for using the search functions on this website, or you are looking for a home that is unique with specific features, feel free to contact me direct and let me know exactly what they are. My colleagues and I preview all kinds of properties each week and will be sure to identify just what you are looking for. In addition, my office often features “exclusive” listings that are not released to the public that might be of interest to you as well. I will be glad to answer all of your questions and arrange to show you the homes of your choice at a time convenient to your schedule.

I also serve the surrounding towns in Morris County including Morristown, Morris Township, Madison, the Chathams, the Mendhams, the Chesters and Long Valley (Washington Township), the Somerset County towns of Basking Ridge, Bedminster, Bernardsville, Far Hills and Peapack Gladstone along with the Hunterdon County towns of Lebanon and Tewksbury Townships.

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