It's true that many people choose to buy a home in Newark and then commute into New York City to save a large amount of money on their real estate purchase. But once you start exploring the city you will see that living in Newark is certainly not a consolation prize. This is a great community full of a wide range of fine homes and whether you've come from a country farmhouse or Yorkville condos, there's somewhere in the city where you will soon feel right at home. This guide to the city's real estate options should help you get started on looking for your new residence in the city.
The average listing price for a home in downtown New York City is well over a million dollars and the median sales price is not far behind. And on top of that you are paying over one thousand dollars per square foot. In Newark, the average price per square foot is an extremely reasonable $72 and homes are listed for an average of just over $250,000 and sell around the median price of $182,500. If you have more than a couple of people moving from Etobicoke homes for sale into this new property, you will be happy to know that there are homes with 4+ bedrooms in this price range.
The homes near Newark Airport and Port Newark are the closest to New York City but are also the cheapest areas of the city. This section is not really known for residential developments. If you're looking for the shortest commute with a good home, lower priced homes are in South Ironbound and South Broad Street while higher-end properties are in North Ironbound and the Central Business District. If you're coming from Halton real estate and are used to a longer commute, there are also several great properties in Forest Hill and Weequahic.
An area like Forest Hill will give you a series of single-family homes ranging in style from Victorian to modern designs. There are also several townhouses in the area, but there is a limited number of high-rise condos or apartment buildings. For those, you will have much better luck the closer you get to the Central Business District. Like with Oshawa Ontario real estate, just because Newark is included as a bedroom community for NYC does not mean that it does not have a city center of its own. Living in this area will put you close to all amenities.
A real estate agent Caledon or one in Newark can tell you that for many, the list of advantages to a home outside of a major metropolis is far longer than the disadvantages. Take a trip to Newark and you might soon be filling out change of address cards to this great city.
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