Most expensive towns to buy a 4br home

From the Star Ledger:

Where are the most expensive four-bedroom homes in N.J.?

Looking for the most expensive four-bedroom homes in New Jersey? They’re in Stone Harbor.

A survey by Madison-based Coldwell Banker Real Estate of more than 1,900 markets across the country found the average price of a four-bedroom, two-bath home in the Cape May County Shore town listed at $1.3 million. It was the sixth most-expensive location in the country, trailing five markets in California – Malibu, Newport Beach, Saratoga, Los Gatos and San Francisco.

California placed 13 in the top 25 spots for most expensive homes.

In New Jersey, other towns at the high end included Chatham Twp. ($813,000), Bernards Twp. ($758,000), Wyckoff ($757,000) and Ocean City ($745,000).

The most affordable four-bedroom homes in the Garden State are in Irvington, where the average listing price is $134,000, followed by Roselle ($144,360), Newark ($175,000), Paterson ($180,000) and Blackwood in Gloucester Twp. ($203,000).

This entry was posted in Demographics, Economics, New Jersey Real Estate. Bookmark the permalink.

85 Responses to Most expensive towns to buy a 4br home

  1. grim says:

    Top 10:
    Stone Harbor
    Chatham Twp
    Bernards Twp
    Wyckoff
    Ocean City
    Westfield
    Warren
    Mahwah
    Ridgewood
    New Providence

  2. grim says:

    I am incredibly impressed that they “printed” the barrel.

    Will be years before this technology can be leveraged for mainstream manufacturing, but let me tell you, it has huge positive implications for US manufacturing.

    It probably has little implication for the firearms business, they picked a gun because of the controversy and millions of dollars in free advertising it would gain them. Yes, there is a technical consideration, and they nailed that out of the park, but it’s not really relevant.

    I believe the AK47 cost less than $25 to produce when first introduced, which was one of the reasons for it’s widespread global popularity. This gun? Probably in the hundreds of thousands, and since the current technology probably can’t scale, at best in the high tens of thousands (for now).

    Good to see they were smart enough to get a manufacturing license, otherwise they’d all be in jail.

  3. grim says:

    I remember when I saw my first EDM machine in action, I was awestruck by this thing. It was cutting an impossibly thick steel plate, to extreme tolerances, using a wire that was probably less than the thickness of a hair. Every once in a while you’d catch a little bit of a spark, but that was it, wire and electrons beat steel, every time.

  4. grim says:

    This is an interesting one, talk about not understanding the real implications of decisions. From CNBC:

    Delaying Obamacare mandate may mean higher rates: Actuaries

    Delaying the requirement for people to buy insurance under the Affordable Care Act could have negative consequences for the insurance market, including the prospect that insurers could collect less in premiums than they ultimately have to pay out in claims, resulting in higher rates. That’s the stark warning issued by the American Academy of Actuaries in a letter to Congress this week.

    “We were aware of some legislative proposals,” said David Shea, vice president of the academy’s Health Practice Council, “and we just wanted to make some folks aware that there are some potential consequences to a delay.”

    A growing number of lawmakers from both parties have called for delaying the Obamacare individual mandate penalties for those who don’t buy insurance, in the wake of the rocky rollout of HealthCare.gov. The technical troubles that have plagued the online insurance marketplace have made it difficult for Americans to sign up for insurance coverage.

    Insurance analysts say that without the requirement to buy insurance, it’s more likely that mostly sicker people will enroll for coverage. It’s what’s known in the insurance industry as adverse selection. Insurers based their 2014 rates on the assumption of an individual mandate and a limited period for open enrollment. Without enough healthy people to offset the costs of patients who use a lot of medical services, that could mean premiums won’t be enough to cover their claims.

    Extending the deadline for enrolling in coverage beyond next March could prove just as negative as delaying the individual mandate itself, said Shea.

    “The further out you extend it, the greater the potential consequences,” he said.

  5. grim says:

    From Bloomberg this morning, it appears that the options are endless:

    The Next Revolution in 3-D Printing: Disposable Panties

  6. Comrade Nom Deplume, a.k.a Captain Justice says:

    This will have the Obamanists prevaricating a little faster. . .

    http://www.cnbc.com/id/101181640

  7. Comrade Nom Deplume, a.k.a Captain Justice says:

    [6] grim

    Judging by how many got left in my apartments, I always thought they were disposable.

  8. grim says:

    Clicked around healthcare.gov this morning and it appears to be humming along just fine now, I got about 20 minutes into the application process and cut out, but only because I got tired of entering data. Very speedy, responsive, and overall a pretty nice design. Based on how far I got with the application, seems like it would take the average person an hour or two to get through the whole thing, unless you completely skip the income component, which is what seemed like the most complex part to me.

  9. Street Justice says:

    3 – it’s not just some sh1tty plastic toy either. It’s a goddam 1911….

  10. Street Justice says:

    9 – I’m already bored by news of it. When’s the next crisis?

  11. Ottoman says:

    New providence is more expensive than Summit, Millburn, Harding, Ridgewood and Alpine? Clearly coldwell banker has its finger on the pulse of the RE market.

  12. grim says:

    10 – I’d still take a Kimber over that thing.

  13. grim says:

    12 – Their methodology eliminated a number of markets due to volume, primarily because they focused on the price of a 4 bedroom/2 bath home, and not simply the median/average home price.

    I also think it favored some markets, like Malibu, which is known for having large and expensive homes with relatively low bedroom counts (including some midcentury gems). Last time I was out there I was in a 7,500sq foot house that had 3 bedrooms. In NJ, it’d have 6 or 7, at least.

  14. grim says:

    A two teacher household in NJ? You’d be a 1 percenter.

  15. Ottoman says:

    So the title of the article is incorrect and this is another example of bad and useless reporting. They probably didn’t find any 4 bed 2 bath homes in Short Hills because all those people can afford powder rooms, giving them 2.5 baths.Were you to find that mythical 4 bed 2 bath in Summit, where the guests must share a bathroom with the kids, I still say it would be more expensive than in New providence. Also, Rumson, spring lake, Princeton, Franklin lakes, mountain lake…

  16. anon (the good one) says:

    [1]. Grim, do you have any experience around those towns Essex / Union? a friend is already there but thinking about upgrading

  17. anon (the good one) says:

    “The House and Senate are in the middle of ironing out the differences between their two separate versions of the farm bill, the $1 trillion piece of legislation that funds agriculture and nutrition programs. The House GOP is fighting to maintain the $40 billion in cuts its bill makes to the food stamp program—a move that would force 4 million low-income people off food aid—while claiming the moral high ground. And there are other hypocritical provisions in the House Republicans’ farm bill. Here are four:
    1. The GOP wants to balance the budget, unless it means taking money from the rich.
    2. House Republicans want to put people back to work…by slashing jobs programs.
    3. Republicans want to make poor people more accountable, not rich farmers.
    4. House GOPers quote the Bible, while giving states perverse incentives to boot people off food aid.

    @MotherJones: The 4 most hypocritical provisions in the GOP farm bill: http://t.co/C1Q32FA6DU

  18. Somebody print me a gun.

  19. Street Justice says:

    12 – We get it. People from congress are full of sh1t. Big surprise.

  20. Street Justice says:

    23 redo- sorry…..meant 21….dam iphone

  21. AG says:

    Printed guns are nice. What NJ really needs is the castle law. Home invaders are worse than maggots.

  22. AG says:

    I remember a couple of years ago an elderly ww2 vet was awoken by some noise downstairs in the middle of the night. He grabbed his m1 garand and went investigate and met the intruders in the stairwell. He dispatched them from the face of the earth. Instead of giving him a medal the authorities investigated him.

    Pass the castle law now and save society a lot of trouble.

  23. chicagofinance says:

    grim: want to go?

    Event title: 3D Printing: The Promise and Peril of a Machine That Can Make (Almost) Anything
    Event date: December 10, 2013 6:00 PM ET
    Event end date: December 10, 2013 9:30 PM
    Location: New York, NY
    Cornell Club
    6 E. 44th Street
    New York, NY

    Description:
    While the concept has been around for decades, we are only now beginning to discover the practically limitless potential for 3D Printing. Cornell faculty are at the leading edge of exploration of this exciting new frontier. Join us to hear from three Cornellians leading the way.

    Panelists Include:
    Associate Professor Hod Lipson
    Melba Kurman ’89
    Assistant Professor Robert Shepherd

    Registration includes:
    Hors d’oeuvres
    Hosted Bar
    Signed copy of Fabricated – The New World of 3D Printing

    6:00 – 7:00 pm Networking Reception and hors d’oeuvres
    7:00 – 8:30 pm Panel Presentation
    8:30 – 9:30 pm Book signing and Networking

  24. Trip-wired boobytrap shotguns should also be legal.

  25. Anon E. Moose says:

    Nom [8];

    Nobody like a braggart. ;-|

  26. Theo says:

    When is Fast Eddie moving to Blackwood?

  27. Comrade Nom Deplume, a.k.a Captain Justice says:

    [33] moose

    Hey, had to beat JJ to it.

  28. Comrade Nom Deplume, a.k.a Captain Justice says:

    [30] clot

    Required reading for very first year law student. The real fun started after the trial.

    http://en.wikipedia.org/wiki/Katko_v._Briney

  29. Comrade Nom Deplume, a.k.a Captain Justice says:

    Argh. Should be ” every”

  30. Juice Box says:

    re# 29 – May want to check out what the Brits are up too since Stereolithography has been around since the 1980s. It has only recently gotten much much cheaper due to mostly Moore’s law.

    The real breakthrough will be when graphene can be mass produced cheaply and supplied to home 3D printers, then everything will change.

    If you are thinking of investing…..

    http://www.graphene.manchester.ac.uk/story/making-graphene/

    http://www.nanalyze.com/2013/11/the-first-graphene-ipo-applied-graphene-materials/

  31. plume (30)-

    Heartwarming.

    “There’s one thing I’d do different, though, I’d have aimed that gun a few feet higher.”

  32. Juice Box says:

    How low can it go?

    TWTR

  33. Anon E. Moose says:

    Juice [40];

    Here’s the prediction:

    http://www.zerohedge.com/contributed/2013-11-06/twitter-ipo-paradigm

    I particularly like “Goldman Squid’s greatest Muppetunity since FaceBoob IPO”

  34. JJ the Welfare Queen says:

    As well as they should have. He should have called 911, then locked his bedroom door and if intruders entered bedroom before cops got there shot them.

    Instead he went hunting. Was his gun licensed, was he in immediate harm, did the intruder have weapons.

    Some guy out in Long Island a few years ago opened front door and shot someone threatening to break into house and then shot the guy standing a few feet behind him who did not even speak for good measure.

    The cops said call 9-11 and until he actually breaks in you should not shoot him. Heck how do you even know he was going to break in. How do you know if he has a weapon. The second guy he shot dead was on the sidewalk. His family sued the pants off him. What was he afraid he would run away. So shoot him. What about a warming shot.

    I would just go all LL Cool J. He just cold cocked the burgler he ran into on the way to bathroom and called the cops who arrested him.

    AG says:
    November 8, 2013 at 9:13 am

    I remember a couple of years ago an elderly ww2 vet was awoken by some noise downstairs in the middle of the night. He grabbed his m1 garand and went investigate and met the intruders in the stairwell. He dispatched them from the face of the earth. Instead of giving him a medal the authorities investigated him.

    Pass the castle law now and save society a lot of trouble.

  35. Comrade Nom Deplume, a.k.a Captain Justice says:

    [33] moose,

    Besides, as JJ would undoubtedly observe, it isn’t bragging if you can back it up.

    Where is JJ anyway? This stuff is right in his wheelhouse.

  36. You can keep your old plan says:

    We recieved notice our health plan premiums, copays, and deductibles are going up. Thank goodness for the Affordable Care Act.

  37. newbie says:

    http://www.youtube.com/watch?v=V6ve2ZjLwro

    some propaganda on Teachers gone wild.

  38. plume (41)-

    The real intent of Bojnaglescare is to shut down every small business and independent contractor in Amerika, while collecting massive amounts of personal data on every living person.

    I didn’t see a lot of things coming when I owned a RE company, but I’ll pat myself on the back for seeing this years ago.

    When the real effects of this Soviet-style idiocy are fully known, it will be way too late to reverse course. Also, the costs may destroy the necronomy even before Bernank, Yellen and their band of idiots can get to the same result.

  39. If I’m not owed a tax refund, how can I be penalized if I don’t join Bojanglescare?

  40. Comrade Nom Deplume, a.k.a Captain Justice says:

    [20] anon,

    Why should dems be the only hypocrites?

    Its as simple as this: It’s a war and in warfare, if your enemy’s tactic is working, use it against him. Then beat him to the next level.

    Part of me decries the partisan strife. But part of me recognizes we are in the first act of a low grade civil war. And as long as I have enemies, it’s my job to kill them (figuratively, and if necessary, literally) before they kill me. So as long as your side wants to take my side out, I’m gonna look to take you out first. It’s as simple as that.

  41. All Hype says:

    Spine (45):

    The decline in the labor force participation rate is also very troubling.

    http://www.zerohedge.com/news/2013-11-08/whopping-932000-americans-drop-out-labor-force-october-labor-participation-rate-drop

    Hey, at least we had a 5 billion dollar POMO today. That sent the S&P up by 14 points. Nothing like turning 5 billion into 50 billion and investing in Twitter.

  42. Theo says:

    Nom,

    What makes you think you have a side? Certainly Anon doesn’t have one.

  43. Another day closer to oblivion.

  44. Anon E. Moose says:

    Spine [44];

    If I’m not owed a tax refund, how can I be penalized if I don’t join Bojanglescare?

    You’re correct to a point. However what you also can’t do, by way of ‘non-compliance’, is purchase a plan that does not meet the Obama, MD, learned and considered minimum coverage requirements — like maternity coverage for your 70 year-old mother, among other ludicrousness. Its all or nothing from here on out.

  45. Libturd in the City says:

    Kate’s beauty mark switches sides and disappears throughout that slideshow. Obviously, her breasts aren’t real either. But I’d still vote for her over any Democrat that Anon pines for.

  46. Libturd in the City says:

    “like maternity coverage for your 70 year-old mother,”

    Finally, I can get rid of my condoms!

  47. Looks like it’s back to shaving with a cheese grater for me.

  48. nicholas says:

    I always chuckle a little bit when I hear the arguments about “maternity care for seniors” or “women’s care for males” because I think that these arguments are not very well thought out. When talking about taxes for transportation or schools it is well established that even if you do not directly use these services you are indirectly benefiting from the service.

    Case in point, you may not be a female but you were born from a female who received health care. Thus you must pay back into the system the cost of the resources that you used to be concieved into this world. You may no longer require maternity services because of old age but someone who birthed you into the system required maternity services and thus you are obligated to contribute to the system that formed you.

    Too many takers and not enough providers. Get the small minded ideas out of your head and start thinking big picture.

    I have a brother who seems to have this idea that no one gave him anything in this world and that he somehow pulled himself out of the womb, up from the gutter he was thrown in and hoised himself by his own bootstraps into prosperity. He is foolish and naieve by spitting on all those that helped him get where he is today. Raised with love and compassion, taught to stand on his own by college educated parents, given the genes and discipline to excell and sent on his way. All those years of support and protection do not come cheap.

    Time to pay your share of caring for this country even if it includes paying for services that you need but do not directly use. Why would you leave paying for child birthing only to females in the ages of 16-45? Thats short-sighted and a poor way to plan for humanities future.

  49. Street Justice says:

    Nicholas is right.

    From each according to his ability, to each according to his need.

    Wait, where have I heard that before?

  50. Fast Eddie says:

    But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history.

    Bystander, where are you? Let’s buy some piece of sh1t for $650,000 before it’s too late! Sell? Sell to f.ucking whom?

  51. JJ the Welfare Queen says:

    I never brag, but when I am in the men’s room I can tell you the water is cold and very deep.

    Comrade Nom Deplume, a.k.a Captain Justice says:
    November 8, 2013 at 11:16 am

    [33] moose,

    Besides, as JJ would undoubtedly observe, it isn’t bragging if you can back it up.

    Where is JJ anyway? This stuff is right in his wheelhouse.

  52. JJ the Welfare Queen says:

    “I have a brother who seems to have this idea that no one gave him anything in this world and that he somehow pulled himself out of the womb, up from the gutter he was thrown in and hoised himself”

    Other than John Homes and Ron Jeremy you see very few men who can “hoise” themselves.

  53. All Hype says:

    “I never brag, but when I am in the men’s room I can tell you the water is cold and very deep.”

    Stop sticking your head in the urinal and toilet.

  54. Fast Eddie says:

    Obama: ‘I’m sorry’ Americans are losing insurance.

    No you’re not, d0uche.

  55. Comrade Nom Deplume, a.k.a Captain Justice says:

    [49] theo

    My side is opposite those who would seek to subjugate me.

  56. Comrade Nom Deplume, a.k.a Captain Justice says:

    [59] JJ,

    You think that the few inches of water in the bowl is very deep?

    Suddenly I’m disappointed. Next, you’re gonna tell me there’s no Santa Claus.

  57. Libturd in the City says:

    “I never brag, but when I am in the men’s room I can tell you the water is cold and very deep.”

    Sounds more like JJ frequents Turkish bath houses.

  58. All Hype says:

    Gary (62):

    He’s only sorry for the fact that he got exposed for being a pompous and arrogant human being who knew exactly what he was doing when he signed that wretched law and then created 100+ expemptions that he decides to grant. He would be much happier just being driven past his Potemkin villages with imported loyal subjects who admire him for the messiah that he thinks he is.

  59. The Original NJ ExPat says:

    grim – Me too! Even before I read the article this morning, I searched for “barrel” as I was sure that part wasn’t printed. Wrong.

    I am incredibly impressed that they “printed” the barrel.

  60. The Original NJ ExPat says:

    [8] I should hope the previous tenants didn’t get their deposit back. Did you complain to your landlord?

    Judging by how many got left in my apartments, I always thought they were disposable.

  61. JJ the Welfare Queen says:

    NEW YORK — Ally Financial, once one of the largest U.S. home lenders, has closed the book on the mortgage business that drove the company to the brink of collapse.

    Ally no longer offers or services home loans and the pipeline of pending mortgages stands at zero, according to a presentation released Tuesday by the Detroit-based auto financer. The company has paid a settlement reached last month with U.S. regulators tied to its residential lending, and that’s the last of any significant costs, Jeff Brown, senior executive vice president for finance, told investors on a conference call.

    Mortgages are in Ally’s “rearview mirror,” Chief Executive Officer Michael Carpenter said on the call, ending an almost 30-year foray that led to more than $10 billion in losses and a $17.2 billion U.S. bailout. Under his predecessors, brands such as GMAC Mortgage and online lender Ditech propelled the firm into the top ranks of subprime lenders in 2006, just as the housing bubble began to pop.

  62. Comrade Nom Deplume, a.k.a Captain Justice says:

    And now for something completely different!

    http://funkypickens.com/25-funny-auto-correct-fails/

  63. JJ the Welfare Queen says:

    Actually I was at a farm house and it was an extremely deep hole in an outhouse. It was actually pleasurable as a Chinese girl on other side of world gave me a BJ

    Comrade Nom Deplume, a.k.a Captain Justice says:
    November 8, 2013 at 2:29 pm

    [59] JJ,

    You think that the few inches of water in the bowl is very deep?

    Suddenly I’m disappointed. Next, you’re gonna tell me there’s no Santa Claus.

  64. Comrade Nom Deplume, a.k.a Captain Justice says:

    [68] expat,

    LMAO. took you all day to come up with it but worth the wait.

  65. Comrade Nom Deplume, a.k.a Captain Justice says:

    [72] JJ,

    So where did the water come from? And where did it go?

  66. Painhrtz - Disobey! says:

    Nom, wormhole. Hey OH!

  67. Juice Box says:

    Meh just found out my free parking by Newark Airport which I did not use because the shuttle was too infrequent is now $8 a day at another location. So much for benefits and perks.

    Yeah no I am not parking here, right by the Prison.

    https://maps.google.com/maps?oe=utf-8&client=firefox-a&q=120+Frontage+Road+Newark,+NJ,+07114&ie=UTF-8&hq=&hnear=0x89c253a54dc583ff:0x724368113133f19a,120+Frontage+Rd,+Newark,+NJ+07114&gl=us&ei=6VB9Ut-4L4blsATA0ICIBQ&ved=0CCsQ8gEwAA

  68. Anon E. Moose says:

    This place (http://www.parknewark.com/ 86 Haynes Ave., Newark, NJ 07114) was the cheapest I could find; shuttle was relatively quick. Net price is like $8.50/day after taxes, airport concession fees, fuel surcharges, BS, etc.

  69. Great. Now Ally can concentrate on its core business, shit auto loans.

  70. nicholas (56)-

    The gubmint does nothing to raise anyone or help anyone advance in life and does plenty to turn you into a brain-dead automaton that consumes, defec@tes and watches TV, like a rat in a Skinner box. None of us owe them jack shit, except for a few slugs of hot lead between the eyes of some well-chosen clowngressmen.

    “I have a brother who seems to have this idea that no one gave him anything in this world and that he somehow pulled himself out of the womb, up from the gutter he was thrown in and hoised himself by his own bootstraps into prosperity. He is foolish and naieve by spitting on all those that helped him get where he is today. Raised with love and compassion, taught to stand on his own by college educated parents, given the genes and discipline to excell and sent on his way. All those years of support and protection do not come cheap.”

  71. Bystander says:

    #58,

    Life of a contractor..always angling for next gig. Spent most of day trying to see if someone will take me as my project code goes extinct on Friday. Luckily, I get along with people and do good work so I will end up somewhere else. Some of the IT group was not so lucky. Three more gone on Weds. and others being forced to come to Stamford from JC…or leave. I have a 10 minute commute and great daily rate. Gotta keep this thing going for as long as possible b/c as you show in article, the “killer” jobs report is bogus. Sure, there are jobs out there if you want 6 month contract at $50/hour with no benefits. This sums up exactly what is going on out there -Purple squirrels unite!

    http://finance.yahoo.com/news/employers-skills-gap-not-problem-100000789.html

    “Experts say the weak job market has many companies feeling that they can demand a candidate who has a perfect record and plenty of relevant experience, and is willing to take a temporary job for relatively low pay.

    “Sometimes we call that a purple squirrel,” said Jorge Perez , senior vice president in the North American division of the staffing firm Manpower. “

  72. The Original NJ ExPat, cusp of doom says:

    To anybody who knows Boston, this is a really disturbing and distinct economic divide on the votes cast for our new mayor: http://www.bostonglobe.com/metro/2013/11/05/mayoral-race-results/Onejt6pxfmf6yo54zCaDyJ/story.html

  73. Comrade Nom Deplume, a.k.a Captain Justice says:

    [80] bystander

    It’s so bad in legal that I found out that the largest pure legal job site charges job seekers to search. It’s like a dating site now.

  74. Comrade Nom Deplume, a.k.a Captain Justice says:

    [81] expat,

    No different than gubernatorial maps. Very clear divides. Been that way for decades.

  75. Can’t get a decent restaurant meal in Boston, either. Been that way for decades.

    That Todd English guy should be put in a penitentiary.

  76. Comrade Nom Deplume, a.k.a Captain Justice says:

    [84] spine,

    You just don’t know where to look. And because you are a NJ resident, I’m not allowed to tell you where.

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