A fireplace can really mess up your search results in north Jersey.

A client wants to spend approximately $500k on a 3-plus bedroom home in the northern New Jersey suburbs. The only stipulation other than price and bedrooms is that the house has a fireplace. Here’s what the inclusion of the fireplace in the search criteria did to limit the number of potential candidates in the client-selected towns in 3 north Jersey counties.

Bergen County

1114-Emerson Boro,1122-Glen Rock Boro,1124-Harrington Park Boro,1127-Hillsdale Boro,1128-Hohokus Boro,1135-Midland Park Boro,1143-Old Tappan Boro,1144-Oradell Boro,1151-Ridgewood Village,1153-River Vale Twp.,1166-Washington Twp.,1167-Westwood Boro,1168-Woodcliff Lake Boro,1170-Wyckoff Twp.

Active Listings
With Fireplace Without Fireplace
8 17

Essex County

1603-Caldwell Boro Twp., 1604-Cedar Grove Twp., 1606-Essex Fells Twp., 1610-Livingston Twp., 1612-Millburn Twp., 1613-Montclair Twp., 1615-North Caldwell Boro, 1616-Nutley Twp., 1618-Roseland Boro, 1620-Verona Twp., 1621-West Caldwell Twp.

Active Listings
With Fireplace Without Fireplace
15 37

Union  County

01-Berkeley Heights Twp.,2902-Clark Twp.,2910-Mountainside Boro,2911-New Providence Boro,2916-Scotch Plains Twp.,2918-Summit City,2920-Westfield Town

             Active Listings
With Fireplace Without Fireplace
        28           57

This isn’t to suggest that a fireplace shouldn’t be on the buyer’s wish list, but in this case it’s like the tail wagging the dog; the cost of adding the fireplace after purchase is far less than the potential cost of overlooking some outstanding candidates, especially in this market where inventories are thin.

Source: Garden State Multiple Listing Service on 2/16/2013


Categories: All Posts, Residential

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