Maplewood-South Orange NJ Holds Celebrity Event

The Maplewood-South Orange NJ Adult School recently announced that it would hold a celebrity storytelling event at the evening of November 4, with featured performances by Tony Award winners, Norbert Leo Butz and Faith Prince. Michele Federer, from the original cast of Wicked, was also scheduled to perform.images-1

Butz is a Maplewood local who has won Tony Awards for his work in two Broadway shows — Dirty Rotten Scoundrels and Catch Me If You Can. He is currently starring in the Broadway production Big Fish. His real-life partner, Federer, not only appeared in Wicked, but also had a role in the television series, Smash. Prince, currently working on the new Broadway production of Annie, won a Tony Award for her work in Guys and Dolls. She has received Tony nominations for three other performances, as well.  Tickets for Celebrity Readings are $50 in advance and $55 at the door.  Buy tickets here: www.ssreg.com/som/classes/classes.asp?catID=2287 or by calling (973) 378-7620.

This is just one of many special events that make Maplewood Township a great place to live. With community centers, concerts, parks and an annual outdoor art show, Maplewood residents never run out of arts and cultural opportunities. In addition, the public schools in the Maplewood area boast small classroom sizes, high SAT scores and a rate of 91 percent of students choosing to further their education after graduation. Add to all of this a small town atmosphere with tranquil streets and an easy commute to the big cities, and you have a place you would be proud to call home.

If you’ve been dreaming of making Maplewood your home, contact me. As a resident of Maplewood and an area real estate expert, I would love to be a part of that dream.

 

Prices Up for Maplewood/South Orange NJ Homes

Prices are up for Maplewood/South Orange NJ Homes!  We saw a significant rise in home prices this past Spring.  Much of that rise was due to low mortgage interest rates and competition.   With less homes on the market and more buyers vying for them, many homes had multiple bids, therefore driving prices up.   The List to Sales Price Ratio for Maplewood was 98% in March of this year compared to 101% this August, 2013! South Orange homes saw a big increase as well from 94% in March of this year to 99% this past August, 2013.  If you’re thinking of selling your home, now is a great time!

Consider these prices, which are current as of the date of this post.16 Park Rd, Maplewood NJ

In Maplewood, median list price last September 2012 was $369,000 compared to $379,500 this September 2013.   Prices are continuing to go up.  After showing several peaks and valleys throughout the past few years, median sales prices rose 2% in the past year from average sales price of $460,612 in September of 2012 to to $528,100 this September, 2013.

As of this post, there are currently 80 Active Maplewood listings, compared to 73 available homes in South Orange.  Maplewood currently has 50 homes under contract and 32  in South Orange.

Median rents have increased by 27 percent to $2,300, driving many former renters to consider buying a home. This is just one of the reasons that Maplewood real estate is becoming a sellers market.  Rental rates have actual dropped by over 9 percent over the past year to $2,100. However, this is still high enough to make many renters consider buying a new home.

If you’re considering buying or selling your Maplewood/South Orange home, or just want more information about the housing market, please feel free to contact me for a no obligation consultation.