Why has Edgewater been drawing the attention of Property Investors?

Located by the banks of the Hudson River, Edgewater is a huge yet picture-perfect borough in Bergen County. The place is home to an array of sub-pockets, where each of them comes with a unique set of characteristics.

If you are a nature lover and willing to invest in a property in New Jersey, then Edgewater is an ideal location for you. Edgewater Real Estate Brokers leave no stone unturned to guide their clients toward an ideal property in their budget.

Edgewater Real Estate Industry: The Latest Market Trends

The latest average price for home sales in Edgewater is $827,434. Moreover, the total units sold were 15 over the last 12 months. The statistics for August show nine active home listings in Edgewater. On the other hand, the recent absorption rate in this borough is 6.0.

Whereas the recent original discount from the first list price was 5.0%, the latest discount from the last list price is 0.3%. Get in touch with one of the reliable Edgewater Real Estate Brokers to know more about the latest market trends and investment opportunities in Edgewater.

Top Reasons for the immense popularity of the Edgewater Real Estate Industry

  • Accelerated Development:

    Edgewater has been showing significant development over the years. That is why more and more investors are getting interested to invest in this borough of Bergen County.

    Edgewater comes with an array of investment options in terms of mixed-use and multifamily properties. That means this picturesque neighborhood provides some amazing investment opportunities to property investors.

  • The Value makes all the difference:

    Did you know Edgewater has been witnessing a high rental demand? That means the value of Edgewater properties is on the rise. It implies that if you buy a property in this borough of Bergen County, you can expect a high ROI in the future.

    Needless to say, Edgewater comes with various key city thoroughfares to ensure smooth transportation for commuters and travelers. The state-of-the-art infrastructure of this enchanting neighborhood is one of the top reasons for the growth of the Real Estate Market in Edgewater.

  • Budget-friendly cost of Properties:

    Last but not least, the price structures of Edgewater properties are making more and more individuals interested in investment here. If you compare Edgewater’s property costs with many other sought-after neighborhoods, you would find that the former ones are more affordable than the rest.

The budget-friendly price structure, increasing demand, and rising investment capital have taken the demand and popularity of the Real Estate Market in Edgewater to the next level. Hence, it is time to reach out to one of the best-in-class Real Estate Brokers in Edgewater to invest in the desired property. You can expect to be proud of yourself for your investment decision after a couple of years.