Carteret, NJ

Real estate in Carteret, NJ is a hot commodity. With a population of just over 10,000 people, the town is located in the heart of New Jersey's Pine Barrens and offers residents access to some of the state's most beautiful beaches and lakes. The area has also been dubbed "The Garden State's Wine Country" due to its abundance of wineries.

Carteret was first settled by the Dutch in 1660 and was officially incorporated as a town in 1714. The town's economy has traditionally been based on agriculture and fishing, but over the past few decades it has experienced significant growth due to its proximity to major metropolitan areas such as New York City and Philadelphia. Today, Carteret is home to several well-known businesses including J&J Seafoods, which operates one of the largest seafood processing plants in North America; Carteret Marine Services, which provides marine services for vessels operating out of ports all around the world; and Gannett Fleming Printing Corporation, one of the largest printing companies in North America.

Real estate prices in Carteret have increased significantly over the past few years due to both demand from local residents and investors looking for high-quality properties close to major metropolitan areas. As a result, homes in Carteret are now some of the most expensive in New Jersey. The average price for a single-family home in Carteret was $895,000 as of May 2016; this figure is significantly higher than both the statewide average ($719,500) and national average ($269,900). In addition to housing prices, real estate markets vary greatly across different parts of New Jersey; while prices for homes near major cities such as Newark or Trenton are much lower than those found closer to Cape May or Atlantic City respectively, there is still significant demand for property near these popular tourist destinations.