This Week’s Blog by The Egri Team

The market’s shifting fast—and knowing how to move is everything. Whether you're buying your first place or leveling up, this week’s insights are packed with local moves that matter:

Take the first step—your real estate plan starts here. 👇

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The Egri Edge: Your NJ Real Estate Roundup

This Week’s Blog by The Egri Team

The market’s shifting fast—and knowing how to move is everything. Whether you're buying your first place or leveling up, this week’s insights are packed with local moves that matter:

  • 🏠 Open house or private showing? One gives you the edge—if you know when to use it

  • 💰 Max out your budget without maxing out your stress

  • 🚨 NJ foreclosures are rising—here’s where smart buyers are finding leverage

Take the first step—your real estate plan starts here. 👇

Open House or Private Showing? Here’s How to Play It Smart

Buying in Central New Jersey? The way you tour can be just as important as what you tour.

Let’s break down how each viewing style works—and when to use it to your advantage.

Open Houses: Easy Access, Limited Insight

Open houses are great when you're just dipping your toes in. They're casual, flexible, and perfect for scoping out multiple homes in one afternoon—no appointment needed.

Private Showings: Your Fast Track to the Front of the Line

Ready to get serious? This is where private showings shine. You’ll get focused time with your agent, full access to the home, and a chance to move before the weekend crowd shows up.

Your Next Step: Build Your Touring Game Plan

In today’s fast-moving Central Jersey market, home alerts alone won’t cut it.

You need a viewing strategy that lines up with where you are and where you’re headed. Whether it starts with open houses or jumps straight into private tours, the key is timing, intention, and the right support.

www.teamegri.com

House-Hunting on a Budget? Here's How to Win Big

Stretch your home budget without sacrificing what matters.

From factoring in the full cost (yes, that includes taxes and maintenance) to prioritizing must-haves, exploring rising neighborhoods, and considering townhomes or fixer-uppers—there are smart ways to buy without overspending.

Curious what your budget can unlock right now in Central Jersey? Let’s map it out.

www.youtube.com

Personal Guidance From NJ Real Estate Experts

Thinking About a Move? Let’s Talk.

A quick call can bring clarity to your next step—whether you’re buying, selling, or just exploring options.

  • Local insight you can count on

  • Support tailored to your needs

  • Straightforward answers—no sales pitch

Work with a team that treats you like a neighbor, not a lead.

Foreclosures Rising in NJ: What Buyers and Sellers Need to Know

Two New Jersey counties just hit a two-year high in first-time foreclosures—and it’s shifting the local real estate landscape.

Somerset & Morris See the Sharpest Spikes

According to new data from Property Shark, foreclosure filings in NJ jumped 23% year-over-year, far outpacing the 6% uptick across the greater NYC region.

Here’s what stood out:

  • Somerset County led the surge with a 54% spike in first-time foreclosures

  • Morris County wasn’t far behind with a 50% increase

  • Essex County recorded the highest number of new filings overall: 173 in Q2

“While still below pre-2020 levels, the trend points to lingering financial pressure for some homeowners,” says Rob Barber, CEO of ATTOM.

patch.com

Why Hanover Township Isn’t Cooling Down—Even as Other Markets Slow

While many New Jersey towns are seeing price cuts and slower sales, Hanover Township is doing the opposite. Inventory is tight, competition is high, and homes are flying off the market—often well over asking.

What's Driving the Demand?

Local agents point to a powerful mix of value and livability:

  • Lower property taxes – Just $8,667 on average, sixth-lowest in Morris County

  • Top-rated schools – A major pull for growing families

  • Affordability – Median listing price of $725K vs. $1M+ in nearby towns

  • Strong community feel – Small-town charm, big-time appeal

  • Easy commutes + amenities – Access without the stress

Inventory Is Scarce—and That’s Fueling Bidding Wars

As of mid-July, there were fewer than 10 single-family homes for sale in the entire township. With demand far outpacing supply, sale prices are soaring.

Hanover Township isn’t flying under the radar anymore—and in this market, speed and strategy make all the difference.

www.northjersey.com

Local Events

This is What’s Happening:

🦐 Catch the Flavor at Meadowlands

  • Get ready for a night of coastal bites, craft drinks, and family-friendly fun at the Meadowlands Racetrack. Whether you're craving lobster rolls or just here for the music, there's something for everyone.

    📅 Saturday, July 26, 2025

    🕔 5:00 PM – 11:00 PM

    📍 Meadowlands Racetrack

🎄 Christmas in July Festival & Boat Parade

  • Celebrate mid-summer magic with twinkling lights, festive fun, and a waterfront boat parade that lights up Sunset Lake.

    📅 Saturday, July 26

    🕕 6:00 PM

    📍 Sunset Lake, Wildwood Crest

🎉 Italian Festival & Wine Tasting at Monmouth Park

  • Indulge in authentic Italian eats, sip on curated wines, and enjoy family-friendly entertainment—all at the iconic Monmouth Park Racetrack.

  • 📅 Saturday–Sunday, July 26–27

    🕚 11:00 AM – 5:00 PM

    📍 Monmouth Park Racetrack

🎈 Warren County Farmers Fair & Balloon Festival

  • Celebrate a summer tradition filled with local flavor, family fun, and daily hot air balloon launches that light up the Warren County sky.

  • 📅 July 26 – August 2

    📍 Warren County Fairgrounds

Why NJ Housing Costs Keep Climbing—And Who Should Pay to Fix It

New Jersey home prices continue to climb—and now lawmakers are debating who should foot the bill to make housing more affordable.

What This Means for Buyers and Sellers

If you’re buying:

Expect continued competition—especially in family-friendly towns near NYC and Philly. Look into new developments or less-saturated markets.

If you’re selling:

Even with rising costs, demand is still high. But staying ahead of shifting policies could help you make the most of your timing.

📩 Not sure how this could impact your move? Let’s talk strategy and get clear on what’s next.

whyy.org

NJ Is Setting the Pace for Real Estate Tech

Bergen County just launched the largest blockchain land-record project in the U.S.—digitizing over 370,000 deeds and $240B in property value. This move could streamline closings, cut costs, and open the door to tokenized real estate across New Jersey.

Why it matters:

  • Faster, tamper-proof transactions

  • Fractional property ownership = more access for investors

  • Lower fees, less paperwork, more transparency

In a state with high demand and aging systems, tokenization is New Jersey’s bold step into the future.

www.pillsburylaw.com

Local Spotlight of the Week

🍔 Local Flavor. Friendly Faces. Firehouse Vibes.

🍽️ Orchard Park by David Burke – East Brunswick, NJ

Inventive flavors. Upscale ambiance. Unforgettable meals.

Nestled in East Brunswick, Orchard Park by David Burke blends bold American cuisine with elegant design and warm hospitality. Whether it’s a date night, family celebration, or just because—you’ll find a reason to linger.

What to expect:

  • Signature creations by celebrity chef David Burke

    Locally sourced ingredients with creative twists

    Sophisticated, modern atmosphere inside The Chateau Grande Hotel

    Seasonal menus, award-winning cocktails, and elevated service

📍 670 Cranbury Rd, East Brunswick, NJ
🔗 orchardparkbydb.com

✨ A standout destination where every meal feels like an occasion.

Got Questions or Want to Learn More?

We’d love to hear from you. Whether you have feedback, questions, or you’re ready to explore further, we’re here to help.

📩 Contact us at 732-516-8924

or simply click below to visit our website.

           

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