North Jersey poised to become one of U.S.’s hottest real estate markets in 2021, survey says

With well documented reports of people moving out of the crowded Northeastern cities and towns, an annual survey of real estate industry professionals predicts Northern New Jersey could be the country’s fourteenth hottest market in 2021.



a group of people sitting on top of a building: Thursday, October 15, 2020 - The ribbon is cut as the Trenton Housing Authority and Conifer Realty celebrate the completion of Turner Pointe, a new affordable family rental community located in North Trenton. HUD Regional Administrator for New York and New Jersey Lynne Patton also presented a ceremonial check for $6,047,038 to Mayor Gusciora representing the amount of aid Trenton receives under the CARES Act.


© Michael Mancuso | NJ Advance Media for NJ.com/Michael Mancuso | NJ Advance Media for NJ.com/nj.com/T…
Thursday, October 15, 2020 – The ribbon is cut as the Trenton Housing Authority and Conifer Realty celebrate the completion of Turner Pointe, a new affordable family rental community located in North Trenton. HUD Regional Administrator for New York and New Jersey Lynne Patton also presented a ceremonial check for $6,047,038 to Mayor Gusciora representing the amount of aid Trenton receives under the CARES Act.

The Urban Land Institute’s Emerging Trends in Real Estate 2021 also gave North Jersey real estate high rankings in other categories, in some cases beating out New York, its outer boroughs and Long

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Palm Beach may be ‘hottest real estate market in the world,’ brokers say

Mansions seen along the coast of Palm Beach, Fla.

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Home sales in Palm Beach, the exclusive island retreat of the president and countless billionaires, tripled in the third quarter as the wealthy fled the cities and higher-tax states of the Northeast, according to a new report.

“It may be the hottest real estate market in the world right now,” said Jay Phillip Parker, CEO of Douglas Elliman’s Florida brokerage. “You just can’t find homes to buy there now.”

The average home price in Palm Beach was more than $7 million during the quarter, according to a report from Douglas Elliman and Miller Samuel. The strength shows little signs of slowing as signed contracts jumped 62% in September, the report said.

Among the big recent sales in Palm Beach was the $28 million sale of a “teardown” mansion owned by telecom tycoon Donald Burns. Billionaire Jude Reyes sold his

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‘Hottest real estate market in the world’ may be Palm Beach, Florida, brokers say

  • The average home price in Palm Beach, Florida, was more than $7 million during the third quarter, according to a report from Douglas Elliman and Miller Samuel.
  • The strength shows little signs of slowing as signed contracts jumped 62% in September, the report said.
  • The inventory of homes for sale on the island fell by 79% in the third quarter compared with a year ago, according to the report. There is now less than a five-month supply.



a group of people on a beach near a body of water: Mansions seen along the coast of Palm Beach, Fla.


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Mansions seen along the coast of Palm Beach, Fla.

Home sales in Palm Beach, the exclusive island retreat of the president and countless billionaires, tripled in the third quarter as the wealthy fled the cities and higher-tax states of the Northeast, according to a new report.

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“It may be the hottest real estate market in the world right now,” said Jay Phillip Parker, CEO of Douglas Elliman’s

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