Peapack Gladstone NJ Real Estate – Tiger Hill Estates Market Update

Peapack Gladstone NJ Real Estate - Tiger Hill Estates

Tiger Hill Estates in beautiful Peapack Gladstone NJ

One of the most well known and sought after neighborhoods in which to live, Tiger Hill Estates in Peapack Gladstone NJ is an enclave of 58 homes in all, with most of them being spacious and handsome Center Hall Colonials.  The location of this neighborhood is ideal, set in the center of town and within walking distance to all town amenities including the NYC Train, post office, bank, restaurants, library, parks, shopping and more.

Peapack Gladstone NJ Real Estate - Tiger Hill Estates

A fine example of a classic Colonial in Tiger Hill Estates

Lot sizes are generous, ranging in size from 1 to 2 1/4 acres with some having panoramic hill top views.  Most lots are flat, lightly wooded and offer private rear yards.  Homes range in size from approximately 3,000 to 6,000 sq. ft. with prices starting in the high $600’s up to just under $1M.

 

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

Tiger Hill Estates in Peapack Gladstone NJ

 

Tiger Hill Estates – Market Update

As you can see from the spreadsheet and graphs below, 19 homes have Sold in Tiger Hill Estates over the past 7 years at a fairly consistent pace with 2010 being the most active year with 4 sales.  There are 2 homes currently For Sale with zero  sales currently Pending.

Click on spreadsheet to enlarge 

Peapack Gladstone NJ Real Estate - Tiger Hill Estates

All Homes Sold in Tiger Hill Estates from 2005 through 2011

Peapack Gladstone NJ Real Estate - Tiger Hill Estates

Tiger Hill Estates - Homes Sold from 2005 through 2011

Peapack Gladstone NJ Real Estate - Tiger Hill Estates

Tiger Hill Estates - Average Sale Price from 2005 through 2011

The Average Sale Price of homes Sold has declined for the past three years in a row. The highest Average Sale Price in any single year was 2006 at just under $950K and 2011 being the lowest at $702K. There are 2 homes currently For Sale with zero 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 Peapack Gladstone NJ is a Great Place to Live

Many people are attracted to Peapack Gladstone by its Norman Rockwell charm, pristine landscape, and prime location.  Peapack-Gladstone is a pedestrian friendly community with many homes within walking distance to town and the train.  Actually, there are two train stations as well as two post offices with one of each in Gladstone and Peapack respectively.  The Borough is also part of the Somerset Hills School District in nearby Bernardsville, which is considered to be one of the best districts in the state.

Peapack-Gladstone is extremely community minded with a host of cultural, recreational, historical, and charitable events and activities taking place year round.  Many of these events including various holiday festivities, band concerts, art shows, the Green Festival, Community Day and Carols by Candlelight, to name a few are centered around Liberty Pond, which is located in the middle of town and comes complete with resident white swans, a quaint gazebo, picnic tables, walking trail and small playground.  The Borough also offers a local library, an excellent summer recreation program for children of all ages, as well as a year round array of organized sports for town youth.

For more information on Tiger Hill Estates in Peapack Gladstone 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 Peapack Gladstone NJ or any of the surrounding towns in Somerset County, Morris 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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