A look at real estate trends and developments in New Jersey for 2019

Firstly, it’s important to mention that New Jersey’s population has seen a significant boom in recent years, and high-rises continue to riddle the city’s skyline over the past decade. Many singles and couples who’ve moved to New Jersey are choosing to stay and raise their families, notes Steven Rindner, a main street advisor and realtor.

It’s a maturing and well-known market, and many consider the city as a top housing choice for those looking for opportunities into the New York area. Many bidding wars continue in areas like Journal Square, Jersey Heights, and Bergen-Lafayette, where townhouses still go for less than a million dollars. But developers are fast pushing into these areas even as the waterfront locale continues to urbanize.

2019 also sees vast developments in Hudson County (including Jersey City), with many new families moving into urban-style buildings offering easy access to public transportation. The Gold Coast area from Bergen to Bayonne which was once an industrial waterfront is the most sought-after option across the river from Manhattan, it being the fastest growing county in the entire state.

Many industry experts are predicting that several New Jersey cities could even exceed the national average for home-price appreciation heading to 2020. Estimations show the median home value rising by an estimate of 71% by the end of 2019, significantly higher than gains recorded in the previous year. Moreover, forecasts are even stronger on the municipal level, with double-digit price gains expected by the coming fall, adds main street advisor Steven Rindner.

Steven Rindner is a main street advisor and a realtor based in New Jersey. Aside from his work in land development, he is likewise into interior design and architecture. For more real estate reads, go to this page.