This Week’s Blog by The Egri Team

The New Jersey real estate scene is moving fast—some areas are heating up, others are hitting snags. In today’s roundup, we’re breaking down the key shifts, new policies, and bold strategies that matter right now:

Skim this now and stay one step ahead 👇

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The Egri Edge: Your NJ Real Estate Roundup

This Week’s Blog by The Egri Team

The New Jersey real estate scene is moving fast—some areas are heating up, others are hitting snags. In today’s roundup, we’re breaking down the key shifts, new policies, and bold strategies that matter right now:

  • 🏘️ Why are foreclosures rising in some towns while nearby markets stay red-hot?

  • 💰 What does the mansion tax flip mean for luxury sellers—and their bottom line?

  • 🚀 Which high-impact strategies are helping real estate pros move faster and smarter?

Skim this now and stay one step ahead 👇

The Home Seller’s Roadmap: Clear Steps, Real Results

Whether you're expanding, downsizing, or simply ready for a fresh start—prepping your home for sale doesn’t have to be overwhelming.

We’re Chris & Diane Egri—your local real estate partners—and we’re here to simplify the journey with a plan that works for you.

  • Step 1: Shift Your Perspective

  • Step 2: Walk Through with New Eyes

  • Step 3: Declutter… Then Edit Again

  • Step 4: Fix What Matters

  • Step 5: Curb Appeal = First Impressions

  • Step 6: Deep Clean Everything

  • Step 7: Stage with Intention

  • Step 8: Get Market-Ready

  • Step 9: Don’t Go It Alone

Ready to Sell—Soon or Someday?

Whether you’re a month out or just exploring the idea, we’ll help you create a prep plan that works on your timeline.

Let’s talk about your next step.

📞 Reach out and let’s get your home ready—your way.

www.teamegri.com

Ready for More Space or a Fresh Start? Your Equity Can Help

Thinking about upgrading to a larger home, switching neighborhoods, or carving out a home office?

Even with today’s rates, your home equity could give you more purchasing power than you realize.

Turn Equity Into Opportunity

Your equity is tied to your home’s current market value—and it can be a key advantage in your next move.

Let’s Make a Smart Move—Together

Not sure where to start? You’re not alone—and you don’t have to figure it out by yourself.

Let’s map out your options and make a plan that fits your life, your goals, and your next chapter.

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.

Foreclosure Spike Hits North + Central Jersey—Here’s What’s Really Driving It

New data shows a sharp rise in foreclosures across most North and Central Jersey counties—but what’s behind the spike, and should homeowners be worried?

🔍 Where Are Foreclosures Rising Most?

Property Shark’s latest report compared Q2 2024 to Q2 2025, covering single-family, two-family, condos, and co-ops in 12 NJ counties. Here's where the uptick is most pronounced:

  • Somerset County: +54% (24 to 37)

  • Morris County: +50% (36 to 54)

  • Hudson County: +49% (35 to 52)

In total, the region saw 804 foreclosures in Q2 2025—a 23% year-over-year increase and a 34% jump quarter-over-quarter.

💬 What Local Experts Are Saying

Michael Read of Bridgeway Mortgage in Morristown isn’t ringing the alarm:

“Fifty-four foreclosures in Morris County isn’t huge when you compare it to pre-pandemic levels.”

He points to 66 foreclosures in Q2 2019, before the pandemic and federal protections.

His take? This is pandemic forbearance catching up—not a market-wide collapse.

www.nj.com

NJ Home Sales Are Climbing—But Affordability Tells a Different Story

New Jersey’s real estate market showed renewed momentum in Q2 2025—especially in June. More homes hit the market, buyer interest stayed strong, and transactions surged across the board.

But even with rising inventory, affordability is tightening—especially for single-family homebuyers.

What’s Fueling the Market?

Kathy Morin, President of New Jersey Realtors, says the summer surge reflects a healthier balance:

“With more homes on the market, buyers have options—but prices are still holding strong.”

Inventory rose to 2.8 months of supply, up 16.7% from a year ago. That’s good news for buyers—but the market is still tilted in sellers’ favor.

www.roi-nj.com

Local Weekend Events

This is What’s Happening:

🐎 Hambletonian Day Turns 100!

  • Celebrate a century of racing with live action, local bites, and all-day family fun. Meadowlands is where tradition meets thrill.

    📅 Saturday, August 2

  • ⏰ Starts at 10:00 AM

  • 📍 Meadowlands Racetrack, East Rutherford, NJ

🦋 Flutter Into Summer at the Annual Butterfly Festival

  • A colorful day of hands-on fun, butterfly releases, and nature-inspired activities for all ages.

  • 📅 Saturday, August 2

  • 🎟️ Morning & afternoon ticketed sessions

  • 📍 Pennington, NJ

🦪 Clam Fest Weekend in Highlands

  • Three days of live music, classic rides, local eats—and more clams than you can count.

  • 📅 Friday, August 1 – Sunday, August 3

  • 📍 Highlands, NJ

🎡 Keyport Fireman’s Fair Is Back

  • This hometown favorite brings five nights of rides, games, food—and a grand fireworks finale.

  • 📅 July 29 – August 2

  • 📍 Keyport, NJ

🎠 Summer Tradition Lives On at the Middlesex County Fair

  • Rides, food, exhibits, and family fun—this classic fair has something for everyone all week long.

  • 📅 August 4 – August 10

  • 📍 East Brunswick, NJ

Big Win for NJ Buyers: “Mansion Tax” Reform Makes Homes More Affordable

A major policy change is shaking up New Jersey real estate—and it’s good news for buyers. Thanks to persistent advocacy by NJ REALTORS®, the long-standing “mansion tax” just got a serious makeover.

🏡 Wait—What Is the Mansion Tax?

Since 2004, NJ buyers have had to pay a hefty transfer fee when purchasing homes priced over $1 million. But in many communities today, $1 million doesn’t mean luxury—it means a starter home.

Here’s what changed:

  • The original proposal aimed to expand the tax to cover nearly 20% of all NJ home sales

  • NJ REALTORS® pushed back, saying that would crush affordability for young families and first-time buyers

  • After months of action, the new threshold is now $2 million, impacting just 2% of transactions

💬 What This Means for You

If you’re buying under $2M, this change could save you thousands at closing.

www.nar.realtor

🥧 Recipe of the Week: Homemade Peach Cobbler

The Peach Cobbler That Never Misses

Simple ingredients, bold flavor—this easy classic brings the wow with every warm, gooey bite.

Ingredients:

  • 5 cups sliced peaches

  • 1 cup all-purpose flour

  • 1 cup white sugar

  • 2 tsp baking powder

  • ¼ tsp salt

  • 1 cup milk

  • 1 tsp vanilla

  • 1 stick butter

Directions:

  1. Preheat oven to 350°F.

  2. Place butter in a 9x9 pan and melt it in the oven while preheating.

  3. Wash and slice peaches (peeling optional).

  4. Mix flour, sugar, baking powder, and salt.

  5. Add milk and vanilla; stir until smooth.

  6. Remove pan from oven, pour in batter (do not mix), and top with peaches.

  7. Bake ~35 minutes until golden brown and set.

  8. Let cool slightly and enjoy—best served warm with vanilla ice cream!

Where Are NJ’s Priciest Homes? Start Here.

Thinking about investing in a home that holds long-term value? Some towns in New Jersey aren’t just scenic—they’re also some of the most sought-after markets in the state.

These places combine location, legacy, and lifestyle—and that’s reflected in their price tags.

Rising Rates, Rising Values

  1. The national average home value hit $367,369 this June

  2. In New Jersey, premium areas are breaking the $3M ceiling

  3. With mortgage rates hovering around 6.75%, affordability is a growing

What’s pushing these prices higher?

Think: beach access, proximity to NYC, historic charm, and low inventory.

stacker.com

Local Spotlight of the Week

🥪 Big Flavor Lives Here: The Sandwich Station, Colonia

🍽️ Restaurant Spotlight: The Sandwich Station – Colonia, NJ

This local gem turns every sandwich into a feast: think the famed “Smokin’ Cowboy” with Boar’s Head buffalo chicken, pepper jack, bacon, and chipotle sauce—and other showstoppers like the Pastrami Reuben, Vinnie, and pizza‑steak options that keep fans coming back.

🔑 Why It’s Worth the Visit

  • Hand-crafted to order: Every sandwich is built fresh right before you—no shortcuts.

    Daily flavor hits: Don’t miss Wednesday specials or fan favorites like the turkey dinner and classic cheesesteak.

    All welcome: Meat lovers and vegetarians alike enjoy options across subs, wraps, and salads

    Seasonal menus, award-winning cocktails, and elevated service

📍 Located at 1193 St. Georges Ave, Colonia, NJ

🔗 https://www.instagram.com/the_sandwich_station/
📞 Order ahead or call in for pickup: (732) 750‑3111

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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