Red Bank townhouse project may be the future for building
The Asbury Park Press / APP.com
Two board members who voted for the application said they were swayed by a report by real estate expert Jeffrey Otteau. He said the conditions of the current real estate and employment market call for smaller, more affordable units, such…
Another Courtyards Plan Wins Variances
Red Bank Green
In giving their approval, several board members alluded to testimony by real estate expert Jeffrey Otteau, who said a new economic reality" made adding retail square footage in town unwise, despite the view of town officials who last year touted…
Property Taxes Inhibit Sales in West Orange
The New York Times / nytimes.com
The backlog of homes would take eight and a half months to sell if no new listings were added, according to the Otteau Valuation Group, a market research company. That compares with a little over six months for the county,…
Absecon senior housing projects not selling, developers say
pressofAtlanticCity.com
Across the state, Otteau said there is a nine-month supply of unrestricted housing, but the current amount of age-restricted housing will take 180 months - 15 years - to sell out.It will not succeed," Otteau said of Visions. "It is…
Treading water
Asbury Park Press / app.com
This was a time when homeowners began to create an enclave that would shut out as much of the world as possible, said real estate consultant Jeffrey Otteau, president of Otteau Valuation Group in East Brunswick."
Reviving a Housing Market in a Swoon
The New York Times / nytimes.com
Sales statistics are not yet final. But in a sample study of multiple-listing data from nine counties done by the Otteau Valuation Group of New Brunswick, which reports on the state's real estate industry, the pace of contract signings was…
With an asking price of $68 million, Alpine home is one of the nation’s costliest
The Record / NorthJersey.com
It's a tough time to be selling a luxury home, since those sales have slowed in North Jersey since the financial crisis of fall 2008. Last year, only three homes costing more than $5 million sold in Bergen County, down…
Vacation home buyers slowly returning to Jersey Shore
The Record / NorthJersey.com
An analysis of nine shore towns by the Otteau Valuation Group in East Brunswick found that the number of sales was down, often dramatically, in most areas. But the price picture was spotty, with some towns - especially in the…
55 and older a tough sell for Visions at the Shore
Shore News Today
The idea was that baby boomers would be retiring with unprecedented wealth and retiring earlier, said Otteau, a trend analyst who did most of the presentation. "None of that has come to be. Instead there is a narrow, shallow pool…