Based on data from Trulia, home prices in Westfield have actually appreciated by 18.4 percent over the last five years...
Summit, NJ (PRWEB) April 30, 2010
Communities in New Jersey’s Westfield area have recently been named as some of the best places to live in the state and the country, reports Westfield area real estate specialist Teri Malone. Warren, which is just around 10 miles away from Westfield and Scotch Plains, for example, was named #6 in CNN/Money Magazine’s 2009 “Best Places to Live” rankings, a list for which both latter communities were also named as contenders. The nearby borough of Mountainside, meanwhile, placed 8th in New Jersey Monthly’s list of the “Best Places to Live in New Jersey 2010.” This news comes at an opportune time for smart real estate investors looking to take advantage of home prices in the area.
“Anyone who knows the Westfield area won’t really be surprised by all these accolades,” says Malone. “These communities have been some of the most sought-after places to live in the region for generations. Not only are they an easy commute from Manhattan, they also offer many of the things that people are looking for – good schools, a lot of green space, real downtowns, and a true sense of community.”
Real estate values have historically been strong in the Westfield area, which while not immune to the effects of the economic downturn, has also fared better compared to other places. “Based on data from Trulia, home prices in Westfield have actually appreciated by 18.4 percent over the last five years,” says Malone. “This shows that while we’ve seen price adjustments in Westfield and its surrounding areas, especially in the higher end of the price spectrum, real estate values remain stable and investors take advantage of Westfield area homes.”
Malone has specialized in real estate in Westfield, Scotch Plains and Mountainside since 2003, with a particular expertise in Westfield, NJ luxury homes. For more information on Scotch Plains, Mountainside and Westfield, NJ homes for sale, visit her site, http://www.westfield-area-homes.com.