To get a better understanding of the Chatham real estate market in 2017, we asked Carrie Conte to give us a helping hand. Carrie is a real estate agent at Coldwell Banker and she is one of the agents who represent our properties in Chatham.
In this interview we talk about Gialluisi Custom Homes on the Chatham real estate market, where most of the buyers are coming from and what people say about the company.
An overall view of the Chatham real estate market
According to Carrie, at the moment Gialluisi Custom Homes has a higher level of homes that are listed between $2 million plus.
“We have about 18 homes that are listed at $2 million and over. We’ve already had six closings within the range of $2 million to $2.7 million over the past three months,” says Carrie.
Furthermore, the real estate market is extremely active and looking for high end, luxury homes – but the decision making process is longer as a result. “The days on the market are going to be longer because the price points are higher. The average number of days on the market for the $2 million plus is around 180,” Carrie explains.
Tip: Read more about the real estate trends in 2017 here.
Is 180 days a long time for homes to be on the market?
No, especially when the homes are listed pre-construction.
“A lot of people don’t realize that we market the properties while they’re still under construction. This way, homebuyers can see exactly what is going on during the building process. For this reason, the days on the real estate market for new construction is different from the days on the market for already built homes,” Carrie adds.
Where are the buyers coming from?
As a general note, we are getting a lot of buyers in Chatham. We asked Carrie where they are coming from.
“The natural migration pattern is generally coming from the Hoboken, Jersey City and New York areas,” highlights Carrie.
What’s so special about Chatham?
Chatham has a direct line with the train, thus commuting is easy
It has the number one public high school in the state of New Jersey
It has a wonderful public education system
In short, it’s one of the best towns in New Jersey for growing families. You can enjoy living in a quiet and friendly neighborhood, but you can also get to New York in less than an hour.
What are people saying about Gialluisi’s Chatham properties?
“Gialluisi Custom Homes is bringing to Chatham a great deal of experience and a fresh perspective. It’s clear that the company is keeping its leading position on the real estate market,” notices Carrie.
She continues highlighting that, “My business partner and I feel like we can really stand behind the product that we are delivering to our customers. I can honestly say that I am proud to be part of the Gialluisi Custom Homes team.”