Raising Rent In Lakewood

[avromie7]

Are prices coming down?
What's the going rate now for a 3 bdrm 1.5 bath basement?

They're definitely coming down. I'm not in the market, but my understanding is that would go for something around 1500.

[yelped]

They're definitely coming down. I'm not in the market, but my understanding is that would go for something around 1500.

Which area? O&V area is still much more, from what I understand.

[avromie7]

Which area? O&V area is still much more, from what I understand.

How much more? The days of $2-2.5k+ are over. OP asked about 1.5 bath, not 2.

[coffeebean]

Are prices coming down?
What's the going rate now for a 3 bdrm 1.5 bath basement?

All depends on area and new/old. Anywhere between $1,500-$2000.

[coffeebean]

Which area? O&V area is still much more, from what I understand.

Correct O&V are $1,800-$2,000 but still way down from the $2,500 craziness.

[Euclid]

How did it happen? Did more apartments come on the market? There's only 1 or 2 developments that hit the market since then - on Prospect and on Drake

[dealmaster]

They're definitely coming down. I'm not in the market, but my understanding is that would go for something around 1500.

really depends on the area, I’m quite sure decent condition basements of that size in the Yeshiva area are still north of 2k.

[dealfinder11]

How did it happen? Did more apartments come on the market? There's only 1 or 2 developments that hit the market since then - on Prospect and on Drake

Capitalism. Examples:

1. Increase pricing and lack of availability pushed young families to just buy starter homes TR/Manchester.

2. Lakewood losing the luster of affordability meant families moving back from Israel pursued alternative options.

Etc.

[avromie7]

Correct O&V are $1,800-$2,000 but still way down from the $2,500 craziness.

Are people really getting that much, or are those the asking prices in the Masa U'Matan?

[yelped]

Are people really getting that much, or are those the asking prices in the Masa U'Matan?

Yes. Someone listed at $1,750 2 weeks ago and it was grabbed in an hour.

[ae123]

How much more? The days of $2-2.5k+ are over. OP asked about 1.5 bath, not 2.

Just heard that Arlington area is $1800-$2000 currently.
I guess certain neighborhoods are still in high demand.

[herb]

Someone I know just signed in prospect square 3/2 for $1750

[Shmobaum]

A chusin I know signed for $2300 incl. utilities in Oak and Vine!

[sorotzkin9]

this weeks masa umatan has 10 pages, back in the shortage days there was barely 2 pages... why aren't prices tumbling even more?

[Euclid]

Capitalism. Examples:

1. Increase pricing and lack of availability pushed young families to just buy starter homes TR/Manchester.

2. Lakewood losing the luster of affordability meant families moving back from Israel pursued alternative options.

Etc.

Isn't 1 and 2 the same? Or are you implying that they didn't move back to the Central NJ area? Where'd they go instead?

[Yakov15]

Isn't 1 and 2 the same? Or are you implying that they didn't move back to the Central NJ area? Where'd they go instead?

Every “out of town” community (at least that I know of) has had large, and in some cases very large, amount of move-ins since COVID.

[avromie7]

A chusin I know signed for $2300 incl. utilities in Oak and Vine!

How recently?

[avromie7]

this weeks masa umatan has 10 pages, back in the shortage days there was barely 2 pages... why aren't prices tumbling even more?

There are a lot of less desirable units. There are over 100 furnished units.

[aygart]

There are a lot of less desirable units. There are over 100 furnished units.

Apparently people are finding apartments without needing to go to a temporary first.

[Shmobaum]

How recently?

He’s getting married June 11 beh