Just across the Hudson River from New York lies the charming and historic community of Tenafly. Boasting a small town feel and a population just over 15,000, people who want the best of both worlds are heading to New Jersey. What makes Tenafly real estate a great place to invest? Local agent Linda Stamker shares five things our residents love best about Tenafly.
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Tenafly offers community
Tenafly offers endless opportunities to discover new talents and connect with like-minded neighbors. The area has a robust youth sports program that includes flag football, lacrosse, baseball and softball, basketball, soccer, dance, and more! Adults can get fit through tai chi and yoga classes. Sign up for crafting classes, bridge club, or chess, and entertain kids with themed camps all summer long.
The community all comes together for seasonal holiday events, outdoor summer activities in the park, and ice skating in the winter all organized by the city. The extensive calendar of events keeps the community out-and-about, fit, and active.
Tenafly has a thriving downtown with shops, restaurants, and coffee shops. Many of these businesses are locally owned and operated, and residents love to support their hometown entrepreneurs in the summertime, bring a picnic and lawn chairs and enjoy the summer concert series at Huyler Park.
Tenafly is an especially appealing retirement destination for many, the second most sought-after in the state. The tightly knit community life encourages relational connections and active living, factors which help seniors thrive.
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Outdoor spaces are accessible
No matter which piece of Tenafly real estate you select, you’ll never be far from parks, nature trails, or botanical gardens. Visit picturesque Davis Johnson Park and Gardens and enjoy the peaceful landscaping and natural beauty. This site is popular for photography and weddings. Lost Brook Preserve at the Tenafly Nature Center offers serene hardwood forests with rugged natural terrain. The nature center offers conservation education, hiking recommendations, and guided walks. Greenbrook Sanctuary, with its quiet woodlands, streams, and ponds is the place in which diverse ecosystems converge. Enjoy the trails, and be sure to visit during the fall for breathtaking fall foliage.
Bergen County has a zoo with more than 50 different species of animals, and the young and the young-at-heart enjoy this walk on the wild side.Businesses and town amenities are centrally located, and it is easy for residents to leave their vehicles in the garage in this very walkable city.
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Tenafly offers quality education
Educational opportunity is a key priority among Tenafly residents. The community is fully invested in preparing future leaders and the schools reap the benefits. Tenafly Public Schools are among the top 2% in the nation for outstanding learning opportunities, teacher excellence, and more. Many families come to Tenafly from New York for the schools.
College preparatory and innovative approaches to education are creating lifelong learners at Far Brook School, Pioneer Academy, Spring School and The Idea School. When it comes to educational opportunities near Tenafly real estate, there is an educational philosophy and school house for every type of learner.
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The housing market is looking up
Like so many other communities, Tenafly experienced pandemic-related market fluctuations in real estate demand. From 2020 through 2021, home sales were low, followed by a frenzy of sales as society began to open up again. We saw the market slow down again as rising interest rates and inflation created an air of uncertainty. As 2023 has dawned, however, the market is making subtle shifts that foretell of stable, healthy growth.
Fewer Tenafly houses for sale are available than the demand for real estate, so the market continues to favor the seller. That being said, listing prices are among the most affordable we’ve had in years with the average home listing at $839,000.
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Access to the city
Most of the newcomers looking to buy Tenafly homes for sale are looking to get out of the noise and congestion of New York City, but because of work and other alluring amenities, they want to keep the city within reach. The preferred mode of transportation for commuters is a personal vehicle, and while that may mean contending with traffic and parking hassles, many residents say the open space, the larger homes, and the quality of life make it worth the effort.
As we move into the spring, inventory is expected to increase, and economic analysts are predicting that we will see interest rates begin to fall. Some even predict we’ll be back at 5.25% by the end of this year. This is great news for home buyers, as increased inventory means more competition between sellers to attract your interest, and improving interest rates will significantly reduce your monthly costs.
No place like home
If Tenafly is beginning to sound like the kind of place you’d like to call home, come out and spend a day with us. Meet up with local real estate expert Linda Stamker and let her show you all that Tenafly has to offer. She’ll be happy to answer all of your questions, learn about your relocation goals, and help you find the perfect Tenafly real estate. Give her a call today.