If you own a home, you really want to believe real estate analyst Jeffrey Otteau, who tells The Record: “It will be the best year for housing in the last five, with a higher rate of home sales, declining inventory and new construction beginning to occur.”
Locally, home sale prices didn’t break the $2 million mark in Montclair, according to sales for the year recorded on the GSMLS, but one house came very, very close. The highest sales price for a home in Montclair, was 495 Park Street for $1,999,999. Compare that to Millburn township, where 293 Hartshorn Drive sold for $5,200,000, setting a new record for the area.
Here are other high-priced home sales for 2012 in Essex County: