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John Bendall, REALTORŪ, real estate agents and broker for Bridgewater, Basking Ridge and Somerset County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)
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Economy: Bridgewater, Basking Ridge and Somerset County New Jersey home buying, real estate listings, and homes for sale in Somerset                       County, NJ
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Find Out More About the Central New Jersey Economy & Job Market
 

"Somerset, Hunterdon, and Middlesex, NJ Counties will be among New Jersey's strongest employment growth areas this year, powering a statewide job recovery that should last into the next century."
- Rutgers University forecast, July 1997

Facts about the New Jersey Economy

  • New Jersey is the 8th largest state economy.
  • New Jersey is now the eighth largest exporting state.
  • There are 60 million consumers within a 250-mile radius of New Jersey.
  • In 2000, 12 of 33 FDA-approved drugs were credited to New Jersey based pharmaceutical companies.
  • New Jersey has 55 colleges and universities, including Princeton and Rutgers Universities and The New Jersey Institute of Technology.
  • Somerset County had an unemployment rate of 2.1% in 2000 as compared to a nationwide rate of 5.8%
  • More than 20 Fortune 500 companies are headquartered in New Jersey.
  • The national headquarters for Fortune 500 companies, AT&T and Johnson & Johnson, are both located in Central New Jersey.


Central New Jersey's Top 20 Employers

1. AT&T (National Headquarters) Telecommunications Somerset, Hunterdon, Middlesex &Union Counties 23,000
2. Lucent Technology Equipment Telecommunications Warren, Berkeley Heights, New Providence, Bernards 16,500
3. Johnson&Johnson (National Headquarters) Pharmaceuticals & Healthcare Products Bridgewater, Raritan Borough, Montgomery, North Brunswick, Warren 11,000
4. Rutgers University Education New Brunswick, Piscataway 8,403
5. Merck & Co. Pharmaceutical Readington, Franklin, Woodbridge, Rahway 7,403
6. Schering Plough Pharmaceutical Bernards, Union, Kenilworth 5,670
7. Telcordia Telecommunications Piscataway 5,022
8. University of Medicine and Dentistry of NJ Education New Brunswick, Piscatatway 4,391
9. Merrill Lynch Financial Franklin, Piscataway, Somerville, Westfield 3,831
10. R.W. Johnson University Hospital Medical New Brunswick 3,574
11. Chubb & Son, Inc. Insurance Warren, Branchburg, Bridgewater, New Providence 3,000
12. St. Peter's University Hospital Medical New Brunswick 2,702
13. Overlook Hospital Medical Summit 2,700
14. Bristol-Myers Squibb Pharmaceuticals New Brunswick 2,200
15. MetLife Insurance Somerset, Hunterdon Counties 2,000
16. Foster Wheeler Construction Clinton, Union, Lebanon 1,999
17. Somerset Medical Center Medical Somerville 1,712
18. Hunterdon Healthcare System Medical Raritan Borough 1,700
19. Novarits Pharmaceutical Summit 1,450
20. Solaris Health Systems (Muhlenberg) Medical Plainfield 1,450

Request our Free Bridgewater, Basking Ridge and Somerset County Relocation Package. It's packed full of useful and important information about the Bridgewater, Basking Ridge and Somerset County, New Jersey area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out...
 

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Real Estate Tips
Pricing >Market Value

The first step you take when putting your home on the market is establishing the price. A professional market analysis can help you determine what the property is worth. Contact a real estate agent who is familiar with your area to get prices on the homes that are for sale and to see how long they have been on the market.

Your real estate agent will be able to provide you with information about the actual sale prices of homes that are similar to yours. He or she can also tell you about the features that influence the value of each property, such as the number of rooms, the overall condition, and the extra amenities -- home office, finished basement, luxury bathroom, hardwood flooring.

You can establish a market value for your home by putting all of this information together. If you price your home within 5% of the established market value, it should sell quickly.

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Real Estate Trivia
Q 
Where are the highest median price homes in the United States currently located?

A 
According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area.
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John Bendall, REALTORŪ, real estate agents and broker for Bridgewater, Basking Ridge and Somerset County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

John Bendall
Re/Max Classic Group

3322 Rte 22 West Suite 908
Branchburg, NJ 08876
Office: 908-895-1898
Fax: 908-231-7799
Email: john@bendallgroup.com

John Bendall earned his real estate license in November, 1986, because he thought about buying houses and fixing them up, just like everybody else in the mid-1980's. With speed and agility, John learned the area, refined his skills and soon became a Major League agent. Within four years he grew his business from ground zero to $26 million in closings. One of real estate's biggest fans, John soaks up all the knowledge he can about every facet of the industry. His many credentials and affiliations with professional organizations are one way in which he gathers the news from the cutting edge of the market. Call or email John today, and he will help you achieve your Real Estate goals. Performance Outsells Promises!

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