Investing in Short Hills real estate, whether for personal or business reasons, requires some knowledge of this northern New Jersey region, along with a glimpse of current listing trends for Short Hills homes.
Located within the beautiful old township of Millburn, in Essex County, Short Hills is not far from New York City. Hence, it is a popular place to call home for families of business executives and others who work in the Big Apple and command high salaries but enjoy the suburban lifestyle. Offering just that, Short Hills homes occupy an enclave of Millburn that was originally part of Springfield, its roots going back to George Washington's troops and a legendary battle by the same name. Thus, while this affluent enclave evolved over time, a sense of prominence and core values rooted in American colonial history has accompanied it.
While there is some new construction, many stately older homes grace the area. Accordingly, some have undergone considerable remodeling, dignity intact, to provide the amenities essential to modern living, family raising, and entertaining. Thus, Short Hills real estate offerings are varied, though characterized by the higher price bracket expected in a community where the median family income hovers above $200,000.
Styles range from ranch homes and split-levels, to Tudor and colonial styles with more than one floor. Lot sizes are proportionate to home size, as Short Hills has a cultivated refined look when driving through its residential area. Houses are spaced and properties are lush and well maintained, noted for lavish landscaping and settings. It is a picturesque setting, indeed, and as the name implies, the topography enhances it with rising low hills that add unexpected grace to this part of a coastal state known for its flat, sea level terrain.
Further, Short Hills is an optimal place to purchase real estate because of: its proximity to a major city, the convenience of one of the finest high-end malls in the country, The Mall at Short Hills, excellently rated public schools, and its own business and downtown district apart from Millburn's larger one. There is also the famed Paper Mill Playhouse where many Hollywood legends have begun, as well as a noteworthy arboretum and bird sanctuary.
The recent addition of the Kearny Connection, which allows direct rail service to Penn Station in Midtown Manhattan, has also had a profoundly positive effect on real estate values. Thus, Short Hills has not experienced as extreme of a dip in housing prices as other places. Nonetheless, it is still an advantageous time to buy a home in an area where real estate continues to be sought after and will only significantly increase in value as the nation's economy improves.
Admirably, houses, as of October 2011, have been selling for about 95 percent of their list price, a vast improvement over many regions of the Northeast. Also, the average length of time on the market is only 85 days, relatively low for an area with an average listing price of over one and a half million dollars, or $1,611,738. While single-family homes are more prevalent, there are also some exceedingly nice townhomes with average listing prices topping a million dollars.
Short Hills real estate clearly represents one of the best property investments today. For those desiring residence in a beautiful area where they can enjoy nature, yet be within moments of cultural enrichment in their own community or beyond in a major city, Short Hills homes present the perfect wise option.
Located within the beautiful old township of Millburn, in Essex County, Short Hills is not far from New York City. Hence, it is a popular place to call home for families of business executives and others who work in the Big Apple and command high salaries but enjoy the suburban lifestyle. Offering just that, Short Hills homes occupy an enclave of Millburn that was originally part of Springfield, its roots going back to George Washington's troops and a legendary battle by the same name. Thus, while this affluent enclave evolved over time, a sense of prominence and core values rooted in American colonial history has accompanied it.
While there is some new construction, many stately older homes grace the area. Accordingly, some have undergone considerable remodeling, dignity intact, to provide the amenities essential to modern living, family raising, and entertaining. Thus, Short Hills real estate offerings are varied, though characterized by the higher price bracket expected in a community where the median family income hovers above $200,000.
Styles range from ranch homes and split-levels, to Tudor and colonial styles with more than one floor. Lot sizes are proportionate to home size, as Short Hills has a cultivated refined look when driving through its residential area. Houses are spaced and properties are lush and well maintained, noted for lavish landscaping and settings. It is a picturesque setting, indeed, and as the name implies, the topography enhances it with rising low hills that add unexpected grace to this part of a coastal state known for its flat, sea level terrain.
Further, Short Hills is an optimal place to purchase real estate because of: its proximity to a major city, the convenience of one of the finest high-end malls in the country, The Mall at Short Hills, excellently rated public schools, and its own business and downtown district apart from Millburn's larger one. There is also the famed Paper Mill Playhouse where many Hollywood legends have begun, as well as a noteworthy arboretum and bird sanctuary.
The recent addition of the Kearny Connection, which allows direct rail service to Penn Station in Midtown Manhattan, has also had a profoundly positive effect on real estate values. Thus, Short Hills has not experienced as extreme of a dip in housing prices as other places. Nonetheless, it is still an advantageous time to buy a home in an area where real estate continues to be sought after and will only significantly increase in value as the nation's economy improves.
Admirably, houses, as of October 2011, have been selling for about 95 percent of their list price, a vast improvement over many regions of the Northeast. Also, the average length of time on the market is only 85 days, relatively low for an area with an average listing price of over one and a half million dollars, or $1,611,738. While single-family homes are more prevalent, there are also some exceedingly nice townhomes with average listing prices topping a million dollars.
Short Hills real estate clearly represents one of the best property investments today. For those desiring residence in a beautiful area where they can enjoy nature, yet be within moments of cultural enrichment in their own community or beyond in a major city, Short Hills homes present the perfect wise option.
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