"They're thrilled to be able to get a newer house for $400,000 or less".
"They might live in Edison or New Brunswick and want a bigger, newer house on more land," he said.
The newer house is more sustainable, for sure, but its details tend towards the clumsy and unimaginative.
WHEN Dr. Drew Mellon and his family were shopping for a home, they decided on a newer house in a suburban development in Cherry Hill instead of a rambling Victorian in one of South Jersey's small, historic towns.
In 2006, Dellanne McGregor, a broker with Pete Anderson Realty, sold an oceanfront cottage for $1.175 million, and a larger, newer house with a road between it and the ocean for $1.070 million.
Recently, he had two homes on the market: one a newer house in Alpine with 6,000 square feet of living space, with an asking price of $4.995 million, and an annual tax bill of $18,800; the other, a slightly larger house in neighboring Cresskill,, on sale for $4.5 million, and annual taxes of $73,000.
