After last weekend’s blowout for Verona real estate, it’s perhaps not surprising that there is only one new listing this weekend. Instead, we’ve got four open houses and, perhaps more surprisingly, four homes with newly lowered prices.
We haven’t seen many price cuts in the past year as the Verona real estate market strengthened from the recession. Overall prices rose 11% from 2013, leaving Verona just 5% below the market’s 2006 peak. So are these price changes a sign of what former Federal Reserve Chairman Alan Greenspan might have called “irrational exuberance” or are they a minor correction on the way to a full recovery? We’ll be watching.
Here’s what’s happening in Verona real estate, from lowest priced to highest in each category.
New Listings
2 Claridge Drive Apt 4LE: 2 bed, 2 bath condo in full-service building. Dressing room and walk0in closet in master. $399,000
Open Houses
365 Bloomfield Avenue: 1 bed, 1 bath condo. Laundry room in basement. Open house Saturday, noon to t2 p.m. $145,999.
149 Franklin Street: 2 beds, 1 bath. Newer roof, finished basement, bluestone patio. Open house Sunday 1 to 4 p.m. Cut another $14,900 to $325,000.
188 Claremont Avenue: 4 beds, 2 baths. Brick ranch. New windows. Open house Sunday 2 to 4 p.m. Cut $10,000 to $419,000.
35 Durrell Street: 3 beds, 2 1/2 baths. Fully renovated. Front porch, finished basement. Open house Saturday and Sunday, 10 to noon. $609,000.
Price Changes
149 Franklin Street: 2 beds, 1 bath. Newer roof, finished basement, bluestone patio. Open house Sunday 1 to 4 p.m. Cut another $14,900 to $325,000.
120 Franklin Street: 3 beds, 1 1/2 baths. Partially finished basement. Cut $15,100 to $369,900.
188 Claremont Avenue: 4 beds, 2 baths. Brick ranch. New windows. Open house Sunday 2 to 4 p.m. Cut $10,000 to $419,000.
14 Summit Road: 4 beds, 4 baths. Afterglow section. Dead-end street near golf course. Cut $125,000 to $1,075,000.
