04/02/2023
We are xcited to share with you how transportation infrastructure is revolutionizing New Jersey's real estate market.
According to recent data, areas with easy access to transportation, such as highways, train stations, and airports, are experiencing a surge in demand and value. In fact, homes within a mile of a train station are selling for an average of 19% higher than those farther away.
This trend is particularly evident in Hasbrouck Heights, NJ, where the nearby Teterboro Airport and Route 17 have contributed to a strong real estate market. In 2020, the median home sale price in Hasbrouck Heights increased by 10.2%, and the average number of days on the market decreased by 28%.
But it's not just Hasbrouck Heights - the transportation infrastructure is benefiting the entire North Jersey area, including Passaic and Bergen Counties. This is great news for both NJ moms and dads, as well as NJ businesses, as the increased demand for housing is creating more opportunities for economic growth.
It's important to understand the impact of transportation infrastructure on the real estate market. By keeping an eye on these trends, we can better serve our clients and help them find the perfect home in a desirable location.
Thank you for reading, and don't forget to like and follow for more updates on New Jersey's real estate market.