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Residential Real Estate

Real Estate
Why This NJ Cape Is Realtor's Hottest Property Why This NJ Cape Is Realtor's Hottest Property
Why This NJ Cape Is Realtor's Hottest Property Elizabeth Morris is having no trouble at all selling the property at 11 Mayfair Dr. At approximately 1,100-square-feet with three bedrooms and two bathrooms, the West Orange Cape Cod house is, well, ordinary. But it's updated. It's in a quiet neighborhood with good school systems.  Oh, and it's affordable. "It's a sad function of our market right now," said Morris, of Prominent Properties Sotheby's International Realty, speaking to the high price point of residential real estate. "There's no inventory and virtually none under $500,000 for a single-family home." According to Roc…

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by Cecilia Levine