New Jersey’s Next Hot Housing Markets

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NJ Monthly

With the exception of the Shore, where the market is heating up in part because of second-home buying, Jeffrey Otteau expects demand to return to pre-pandemic trends.  

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NJ’s hot housing market- will there be another ‘bubble burst?’

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NJ 101.5

Jeffrey Otteau, managing broker at Hudson Atlantic Realty Advisors in Matawan, expects home prices to continue their climb through 2022, but not at a rate as high as what we've seen since the first quarter of 2021.  

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The 25 N.J. towns where housing prices increased the most

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Opera News

Home prices across the state are on a tear. They increased 12% statewide last year and are expected to do the same in 2021, according to data from Otteau Group, a real estate consultancy group. But there are some towns…

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This luxurious N.J. penthouse could break a record. It’s going for $4.6M

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NJ.com

The low inventory, low interest rates and high demand in the residential real estate market caused prices to jump 11% in 2020. From 2013 through 2019 home prices increased about 3% each year, according to Jeffrey Otteau, a real estate…

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These are the N.J. counties that saw the biggest spikes, dips in homes sales

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NJ.com

Over the last 20 years, the rural markets “were crippled because they were just far and the trend was to live in places that were more convenient,” Jeffrey Otteau said. “We’re seeing a reversal of that.”  

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The housing market is hot for many reasons. Millenials are one of them.

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NJ.com

“We’ve seen a record level of home purchases in the midst of the most severe economic recession in a century,” said Jeffrey Otteau, a real estate economist and President of the Otteau Group, a Real Estate Valuation & Consultant Company.…

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Suburban Home Sales Soar in the New York Region

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NY Times

Jeffrey Otteau, the president of the Otteau Valuation Group, based in Matawan, N.J., agreed that once-depressed urban areas would recover. “I don’t think anyone expected people would leave the city,” he said, “and never come back.”  

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Otteau Group Announces the Acquisition and Merger of PATJO Appraisal Services, Inc.

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Matawan, NJ - March 3rd , 2021 - The Otteau Group, Inc. is proud to announce the acquisition of PATJO Appraisal Services, Inc. and its team of accomplished professionals with a combined 50 years of multi-faceted real estate experience. Leading…

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NJ Retail, Office Space Vacancy Continues to Grow as Covid Drags On

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NJ 101.5

According to Otteau Valuation Group, based in Matawan, retail space vacancy (including restaurants) in New Jersey is up by 4 million square feet compared to the beginning of 2020. The same goes for office space throughout the state.

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