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Spring is here and some homeowners may be considering placing their homes on the market. Before you list I thought I’d share some suggestions on adding value to your townhouse.

Bear in mind that much has changed in home decor since Boatworks was developed in 2004. Buyers are aware of the trends, they look at home improvement shows on TV and expect to see some of those updates in the homes they view before making a decision.

Sellers who achieved the highest sold price on their townhouses in 2017 had one thing in common. They updated their houses before listing.

While it is not essential to update every room in the house knowing what updates make sense will go a long way in adding value and getting your townhouse sold quickly.

Firstly, repaint the whole house. Paint makes a big difference in your home’s appearance. Replace the appliances if they are over 7 years old. New counter tops are relatively inexpensive try stone or granite. Refinish the floors, install new carpets if you cannot replace the original floors with wood. Install tile or laminate flooring in the den. Update the master bathroom.

If your budget is limited try washing the walls and paint only those that look shabby. Hire a professional company to clean the carpets. Add new light fixtures throughout the house. Install hardware on the kitchen cabinets. Add a back splash in the kitchen. Replace the refrigerator and the stove if necessary.

If you need help deciding what you should do to achieve the best price for your townhouse call me at 201 232 8577 and I’ll be right over.

Values in Boatworks Bayonne have moved even higher with the recent sale of a Bryant style partial water view townhouse.

The 1800 sq. ft townhouse on Bayside Drive with updated bathrooms, refurbished floors and kitchen closed at $410,000.   The unit was listed at $429,000 and was on the market for 27 days.

The sold price is $11,000 more than the highest price paid in the Boatworks community in 2017.  Since early 2017 townhouse values have been inching higher with many buyers from communities outside of Bayonne finding the developement an attractive alternative to single family houses in the area.

For more information on Bayonne properties call Janice Hall at 201 232 8577 or email: janiceNJrealtor@gmail.com

Just Listed 48 Boatworks Drive, Bayonne NJ. Penn style corner triplex townhouse, approx 2000 sq. ft. @ $409,000. Beautiful large kitchen with stone countertops, glass tile backsplash, new appliances and ceramic floor. Master bedroom has vaulted ceilings, walk-in closet, extra large windows, ensuite bathroom with deep soaking tub, shower stall and dual vanity. Guest bedroom, guest bathroom and laundry room on 3rd level. First-floor den is spacious and has many possibilities such as home office or entertainment room. 2 additional storage spaces on 1st level. Community pool, marina, and boardwalk. Short distance to Light Rail with connections to PATH and NYC. Buses to NYC and Jersey City close by.  For more information contact Janice Hall at 201 232 8577.

http://spws.homevisit.com/hvid/219841

Come visit my Open House at this lovely Sutton style townhouse in beautiful Bayonne New Jersey on Saturday, February 24 beginning at 12 noon and ending at 3pm.

For more information on this townhouse or any other properties in Bayonne NJ call Janice Hall at 201 232 8577

Call Janice Hall at 201 232 8577 today if you want to see this immaculately maintained end unit townhouse with gleaming hardwood floors on 2nd & 3rd levels and highly durable Berber carpet on 1st floor family/living room.

The living, dining room and kitchen are flooded with natural light the day. An open terrace off the dining room makes a cozy hang out spot for morning coffee and evening cocktails. For convenience there is an additional living/family room on the first floor ideal for guest overflow when entertaining.

Both bedrooms and laundry room are on the upper level. The master bedroom is large with vaulted ceilings, a large walk-in closet and ensuite bathroom equipped with large soaking tub, shower stall and dual vanity.

Buses to NYC, Jersey City and Journal Square are nearby, Light Rail connects to PATH train to NYC.

So far for 2018 two (2) townhouses changed owners in Boatworks Bayonne New Jersey.

The highest price paid was $380,000 for a Bryant style 1800 sq. ft home on Bayside Drive, with a walkout from the lower level family room to the Newark Bay.  The townhouse sold for $380,000 –  91% of its list price of $419,000.

The other townhouse on Boatworks Drive closed at 99% of its list price of $379,900.   The Penn style unit is approximately 1950 sq. ft with a walkout from the living room to yard space.  It also has a fireplace and a family room on the ground level.

For 2018 the average days on the market for closed sales is 67.

If you are interested in selling your Boatworks Bayonne townhouse, or for any real estate matters pertaining to Bayonne real estate call Janice Hall at 201 232 8577 or email:  janiceNJrealtor@gmail.com

Overall, the Boatworks real estate sales saw positive movement in 2017 compared to 2016.

2017 saw an 80% increase in sales volume over 2016.  In 2017, 16 townhouses sold.   In 2016, 10 sold.

The average sold price in 2017 was $356,164.00 compared to $338,800.00 in 2016.   The average days on the market in 2017 was 78 compared to 130 in 20l6.

The average 2017 sold price for the Madison design (approx. 1950 sq.ft.) townhouse was $374,800.  The average sold price for the Bryant design (approx. 1800 sq.ft.) was $347,461.  There are 6 different floor plans in Boatworks but the vast majority of sales are in the 2 designs.

The average time spent on the market prior to an accepted offer for the Madison was 45 days while the Bryant was 101.

In 2017, the number of reported distressed sales (in the Multiple Listing Service) remained constant.  Distressed sales in 2017 accounted for 19% of all sales in that year.  In 2016, distressed sales accounted for 20% of all sales.  Not all distressed sales are reported in the MLS e.g. those sold at auctions.

Are thinking of selling your townhouse?  Allow me the opportunity to demonstrate what I do differently to market and sell your home in the shortest time and for the highest price.  My results speak for themselves.  I can be reached at 201 232 8577 and by email JaniceNJrealtor@gmail.com

There have been brisk sales in the Boatworks Bayonne townhouse development for 2017 compared to previous years.

To date, the waterfront community has seen 15 townhome resales and 3 pending in the waterfront community compared to the same time (November 24) last year when only 11 townhouses sold.   By end of 2016, the total sales were 11.

The median sale price for 2017 so far is $370,000.  The highest price paid is $399,000

The median sale price in 2016 was$349,499.  The highest price paid was $375,000.

If you are interested in finding out more about real estate in Boatworks Bayonne call Janice Hall at 201 232 8577, or email:  janiceNJrealtor@gmail.com

New Jersey Condo/townhouse sales represent only 19% of total annual $ volume.

Of the estimated $35.9 billion residential sales volume for 2017 only 19% is from sales of condos/townhouses.  This is consistent with New Jersey home sales from 2012 through 2016.

Of the remaining 81%, single-family homes account for 77% while age-restricted sales account for 4%.

Source:  Otteau Group Inc. 2017

Boatworks Bayonne homeowners confidence in their real estate market niche is up this year compared to 2016, and with good reason.

With 10 weeks left in 2017 the number of units sold has doubled with 14 townhouses closed in comparison to 7 units during the same period January to October 2016.

The median sold price has increased from $345,000 in 2016 to $370,000 in 2017.

The time spent on the market is less, from 103 days in 2016 to 49 days in 2017.

The highest sold price in 2017 is $399,000.  In 2016 it was $375,000.

If you have any question about home values in Bayonne call Janice Hall at 201 232 8577.