February 10, 2020 —
According to recent Rate.com data, real estate market trends are looking up for home sellers and home buyers in Chatham, New Jersey. As of early February, for example, homes in Chatham sold at an average price of $1,269,950. In addition, the average price per square foot is now $414 — a dramatic increase from early October 2019, when it was approximately $350 per square foot.
Home sellers and home buyers
in 2020 are experiencing positive real estate market trends
compared with 2019 trends.
Home Buyers and Home Sellers Can Score in This Real Estate Market
Home sellers can now make the most of cashing in on their real estate investment(s), while home buyers have low interest rates and a healthy and stable job market (unemployment is a low 3.9 percent) in their favor — benefits that allow home buyers greater purchasing power.
What do the real estate data tell us?
The spring 2020 Chatham real estate market is a great time
for sellers in Chatham to market their homes
and buyers to purchase a home in the town or borough!
Positive Lifestyle, Positive Experiences
Home buyers considering Chatham will be pleased to know that Chatham offers residents a terrific lifestyle. For example, many Chatham homes are walking distance to the train and town.
An ideal place to live and commute,
Chatham has a beautifully restored railway station
with NJ Transit rail service to Hoboken and New York Penn Station.
Chatham Offers a Wide Range of Fun Activities Year ‘Round
Residents can partake of Chatham’s many amenities, including fine and casual restaurants, cafés, pizzerias, delis, a seasonal farmer’s market, pharmacies, grocery stores, coffee shops, a library, and upscale athletic clubs. Chatham also offers fun annual events that recall a simpler time, including the Kelley’s Pond Fishing Derby, Fishawack Festival, Fourth of July Parade, and Green Fair.
Chatham also is ideal for active people who enjoy the great outdoors. The Great Swamp Wildlife Refuge and Jockey Hollow National Park, for example, are nearby with groomed trails and interesting outdoor events. If you want a gym, there are good options just around the corner, including the Chatham Club, Equinox Luxury Fitness Club, Lifetime Fitness, and a YMCA.
Want Convenient, Highly Rated Healthcare? Chatham Has You Covered!
Both Chatham Borough and Chatham Township are located near the nationally recognized Morristown Medical Center, Overlook Medical Center, and Summit Medical Group, with top-notch physicians and facilities to meet all your healthcare needs.
The Chathams offer residents sophisticated living
with a friendly, home-town character.
Chatham Has Top-rated Public, Private, and Parochial Schools in Its Midsts
Chatham Borough and Chatham Township share superior regional schools, including four elementary schools, one middle school, and one high school. Recent US Department of Education data show Chatham schools are number 6 in the state, with Chatham High School ranked number 5.
The Chathams also are convenient to highly ranked private schools, including the Chatham Day School, Delbarton School, Kent Place School, Morristown-Beard School, Newark Academy, Oak Knoll School of the Holy Child, Oratory Preparatory School, Peck School, Seton Hall Preparatory School, Saint Patrick School, and Saint Vincent Martyr School.