Richard A. Weidel Jr., president of Weidel Realtors, says New Jersey home values are on the rise
New Jersey is known for its variety of cultures, businesses and entertainment. According to recent studies, it is also an area whose homeowners have much to gain. That, according to Richard A. Weidel Jr., president of Weidel Realtors, brings a whole new outlook to the area.
A recent 2000 Census analysis completed by Rutgers University identified New Jersey as the "Wealth Belt." But those who have bought and sold property in the area don’t need research and reports to tell them what they know first hand that New Jersey home values are on the rise. Nationwide home appreciation for the first quarter of 2001 is just above 8.5 percent, but the average for New Jersey is 10.5 percent and certain counties go as high as an impressive 12.3 percent.
The National Association of Realtors forecasts the national median existing home price for 2001 will increase by 4.7 percent over last year.
"To those who have been watching its growth through the years, it comes as no surprise that land values in the Garden State are performing well above the national average. This area is coming into it’s own and we forecast a strong market performance for many years to come," said Mr. Weidel. "While a few markets in counties to the north and east have become saturated, the growth potential for home values in most other counties are still ripe."
Weidel Realtors is well positioned to assist property owners in assessing the value of their homes and land and creating a tailored marketing plan. Weidel’s Select Property program specializes in marketing luxury properties, fine estates, historic homes, horse farms and land preservation.
Founded in 1915, The Richard A. Weidel Corp. is the premier real estate company providing guaranteed quality service to clients in New Jersey and Pennsylvania. The Weidel Corp. is comprised of a full-service real estate sales organization, a comprehensive mortgage company, an insurance arm offering title and general liability, national relocation services and a real estate pre-licensing school. As member of the highly acclaimed "Who’s Who in Luxury Real Estate" and "The Registry," Weidel Realtors receive incomparable market recognition.
For more information about your home, call your local Weidel Realtor or visit its Web site at www.weidel.com.

