Scott Selleck breaks down why dated homes in Edgewater and Cliffside Park are losing value. Luxury condos and townhomes near Manhattan are strong, but buyers want turnkey properties. Rising construction and renovation costs mean outdated homes can't compete.
Edgewater Cliffside park in West New York. You know, this is where properties were seeing massive demand for luxury lifestyle condos and townhomes that offer proximity to New York, that Manhattan price tag. But here's the thing, buyers in these towns and these communities, they're looking for turnkey because construction costs have risen and the premiums for renovation modern homes in Edgewater is currently at an all time high. If your property is dated low, inventory market won't really protect you, you know, as much as you really think.
Fort Lee, Cliffside Park & Edgewater Realtor | Scott Selleck, KW City Views Realty
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