The New Jersey Luxury Real Estate Blog

Millburn Home Values Have Gone Up Since Recession

Millburn Home Prices

MILLBURN, NJ — A few housing markets in New Jersey have been hit hard by the recession. But according to a recent report, Millburn hasn't only been spared the agony, it's actually thrived since 2010 (see interactive map below). There's no better evidence of that than the below map provided by NJ Spotlight, which uses U.S. Census data to show the pain most homeowners are feeling as they watched their home values drop as much as 20 percent since their pre-2010 levels, when the Great Recession hit. But according to the report, the median home value is $1,021,700 in Millburn… a 10.6 percent increase from 2006-10.

Compare this to other Essex County towns which have seen double-digit drops, such as Newark (-22%),...

Commuter's Dream: 273 Harrison Street, Nutley NJ

273 Harrison Street Front View

About as perfectly situated as you can get, this completely renovated home is close to shopping, local highways and NYC transportation, making it a commuter's dream. The home just underwent an extensive top-to-bottom renovation, including a modern open-concept floor plan and the addition of amenities that even the most discerning buyers have come to expect. This home is truly ready for a very fortunate buyer. Gleaming hardwood...