Business & Finance

Property Sales Jump in Union County

02f8d997ec7958cc42fd_Union_County_Courthouse__credit_County_of_Union_.PNG
02f8d997ec7958cc42fd_Union_County_Courthouse__credit_County_of_Union_.PNG

UNION COUNTY, NJ – Home sales are in the county are soaring according to Union County Clerk Joanne Rajoppi, who announced that her office recorded almost 8,200 deeds for residential and commercial properties through the first eight months of this year, putting Union County on track to record a total of more than 12,000 deeds in 2016 – the most since the global financial crisis of 2008.

“The numbers indicate that our economy has continued to recover at a strong pace,” said Rajoppi. “That’s a positive development, considering that the national rate of home ownership is still lower than it has been in the past 12 years.”

The jump in housing sales activity coincides with low interest rates and an increase in the population of Union County. The number of Union County residents was estimated at 555,786 as of July last year, up 3.6 percent since the 2010 census. By comparison, the population of New Jersey grew only 1.9 percent in that period.

Sign Up for E-News

“It’s no surprise that Union County is a desirable area to live and have a business,” said Rajoppi. “Our walkable neighborhoods and award-winning school districts are major attractions, as is our convenient and accessible rail and bus service to New York City and other points in the metro area, including Washington, D.C.”

Rajoppi also cited the recent expansions of Union County College and Kean University, Union County’s proximity to Newark-Liberty International Airport, and its expansive recreation facilities including the highly regarded Galloping Hill golf course, the region’s only outdoor Olympic scale archery range, historic park system, and a public riding stable that features a new all-weather indoor ring.

The increase in recordings also translates into greater revenues for the County.  All recording fees go into the county’s general fund and are used to offset the county tax rate. The annual recording revenues total over $25.6 million dollars, up over $1.4 million over 2015.   To date, the county’s portion of the recording fees and realty transfer fee total $5,647,929.18, over $440,000 more than 2015.

The last year in which deed activity in Union County topped 12,000 was 2007, when the County Clerk recorded 12,153 deeds.

The number dropped to 10,359 in 2008, the year of the financial crash. Deed recordings continued to fall in the aftermath, hitting a low of 8,262 in 2011 before beginning a steady upward trend.

In 2015, the most recent full year of recordkeeping, the County Clerk’s office recorded 11,492 deeds. From January through August 2016, 8,283 deeds have been recorded.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

New Providence

Step Up and Build a Stronger Union County

July 22, 2018

Union County residents who are seeking a meaningful, high-impact way to volunteer in their community can sign up as a mentor with Big Brothers Big Sisters of Essex, Hudson and Union Counties.

The organization is currently seeking volunteer mentors for its best-known program, Community Based Mentoring. The program involves individual mentoring with a local child or teen, age 6 to 18, with a ...

Shakespeare in the Park(ing Lot)

BERKELEY HEIGHTS, NJ — The Shrewd Mechanicals from the New Jersey Shakespeare Theatre will perform Shakespeare Gumbo in the parking lot of Berkeley Heights Public Library, 110 Roosevelt Ave.,  on Friday, July 27, at 7:00 pm. 

Bring lawn chairs.  Change of location will be announced in case of inclement weather.

Local people with disabilities measure success and shortcomings of Americans with Disabilities Act

Local people with disabilities this month are lauding progress made since enactment of the Americans with Disabilities Act (ADA) 28 years ago, but also point to the remaining distance between where they stand today and equal access to all sectors of the community.

Signed into law by President George H.W. Bush on July 26, 1990, the ADA prohibits discrimination against individuals based on ...

'Tired of cronyism? Yeah, us too'

July 21, 2018

The Union County Freeholders’ decision to appoint State Senator and newly-elected Union County Democratic Chairman, Nick Scutari’s chief of staff, Ed Oatman as County Manager smelled of corruption from the start. To place a political consultant like Oatman in the role of overseeing 2,800 employees and running the day-to-day operations of the $500 million county budget suggests ...

Planning Board Approves Site Plan Application for Berkeley Heights YMCA Facility on Locust Avenue

July 21, 2018

BERKELEY HEIGHTS, NJ – Plans by the Summit YMCA to build a new outdoor pool and a 32,000+ square-foot building at the site of the Community Pool on Locust Avenue are moving ahead.

It took a little more than two hours Wednesday night for the applicants to receive preliminary and final site plan approval from the planning board for the new building. During the course of the hearing, ...

Sparky Lyle Pitches In to Help Operation Shoebox New Jersey

July 23, 2018

BRIDGEWATER, NJ - Collectors can own a unique piece of New York Yankees history if they attend Joe Bodnar’s Sports Memorabilia Auction this weekend and are willing to dig deep in to their pockets.

A pair of cleats worn by former New York Yankees relief pitcher Sparky Lyle in the early 1970s will be sold during Bodnar’s auction at TD Bank Ballpark Sunday, July 29 following the ...

TAPinto Spotlight on Business Features New Providence Dentistry

July 17, 2018

NEW PROVIDENCE, NJ - TAPinto "Summer Spotlight on Business" features local businesses and their owners who are important to our communities. Follow this column to receive a fresh perspective on small business owners and their unique needs while shining a spotlight on their stories.

This edition features New Providence Dentistry, operated by Dr. Beth Herko and her staff of ...

Upcoming Events

Carousel_image_7f6c107703df2d416aa6_barre_intesity

Mon, July 23, 8:00 AM

Providence Health & Fitness, New Providence

Barre Intensity

Health & Wellness

Carousel_image_e7f53aa67b8e7cb310c5_vinyasaclass

Mon, July 23, 9:15 AM

Providence Health and Fitness, New Providence

Aroma Flow Vinyasa

Health & Wellness

Carousel_image_a4801a3d56342db1596a_pilates_reformer

Mon, July 23, 10:00 AM

Providence Health and Fitness, Providence

Pilates Reformer

Health & Wellness

Carousel_image_3c7abbb40c05a3108a26_yoga_stretch

Mon, July 23, 11:00 AM

Providence Health & Fitness, New Providence

Hatha Flow Yoga

Health & Wellness

Carousel_image_e7f53aa67b8e7cb310c5_vinyasaclass

Mon, July 23, 6:30 PM

Providence Health & Fitness, New Providence

Vinyasa Flow Yoga

Carousel_image_7f6c107703df2d416aa6_barre_intesity

Tue, July 24, 8:00 AM

Providence Health & Fitness, New Providence

Barre Intensity

And Over Here is the Dining Hall 2

My very first job in admissions was while I was still an undergraduate myself as a tour guide.  Very early on they indoctrinated us with some tricks of the trade.  It’s a dining hall, not a cafeteria.  A residence hall, not a dorm.  If you have to divulge some negative bit of information, sandwich it between two positives.  There were instructions for glossing over ...

Avoiding 10% Tax Penalty

Do you want access to money from your retirement accounts but aren't sure of the real costs involved?

Most retirement accounts have a set age requirement you must reach before making penalty-free income distributions, which is usually 59.5 but can sometimes be as early as age 50. If you decide to access your accounts earlier, you could face penalties ranging from 10%-25%, which is not ...