Chester NJ Real Estate – The Hedgerows Market Update

Chester NJ Real Estate - The Hedgerows

Quality craftsmanship and attention to detail make homes in The Hedgerows a special neighborhood

Click Here for latest Market Report on The Hedgerows in Chester 

Truly unique among other Chester NJ Real Estate developments, The Hedgerows stands out as the perfect blend of old world charm, craftsmanship, style and  architecture with all of today’s most modern conveniences and luxurious amenities the market has to offer.

 

Chester NJ Real Estate - The Hedgerows

A fine example of the classic reproduction New England Colonial in The Hedgerows

 

 

Set amongst the gentle rolling hills in the south east portion of Chester, just off Fox Chase Road and not far from bucolic Roxiticus Valley, this neighborhood consists of 36 luxury homes on an average lot size of approximately 2.2 lightly wooded acres.  The first homes were built in 1989, with the most recent one being completed in 2010, however most were built in the mid to late 1990’s and early 2000’s. The development consists of 3 streets with one being a large semi-circle and two cul-de-sacs.

 For additional details & information on this neighborhood, follow the link below:

The Hedgerows in Chester NJ

 The Hedgerows – Market Update

As you can see from the spreadsheet and graphs below, only 11 homes have Sold in The Hedgerows over the past 7 years with 2008 and 2005 being the most active years with 3 sales each.

Click on spreadsheet to enlarge

Chester NJ Real Estate - Homes Sold in The Hedgerows 2005 thru 2011

All Homes Sold in Chester NJ The Hedgerows from 2005 through 2011

Chester NJ Real Estate - The Hedgerows

The Hedgerows – Closed Sales from 2005 through 2011

Chester NJ Real Estate - The Hedgerows

The Hedgerows – Average Sale Price 2005 through 2011

The Average Sale Price of all homes Sold during that time frame has been just over $1.5M.  The highest Average Sale Price in any single year was 2008 at $1.84M and 2010 being the lowest at $1.055M. There are no homes currently For Sale or Pending at this time.

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.

Why Chester NJ is a Great Place to Live

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.

Other well known luxury home developments in Chester include Beacon Hill Estates, The Pond at Chester, Ashton Woods, Winston Farms, Lamerson Hunt, Roxiticus Ridge, Trout Brook Estates, Bamboo Brook and Walnut Hill Estates among others.

For more information on The Hedgerows in Chester NJ, call me direct at (908) 267-2465, or email me at Bob@BobZorechakRealtor.com and I will be happy to discuss your specific requirements and find the right home for you.

How to find Listings on your own:

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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