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Limited Inventory in Bergen County Condo Market Expected to Create Competitive Spring Selling Season

Spring real estate activity in Bergen County is expected to kick off early IN 2016 as anxious homebuyers enter the market to take advantage of low interest rates, easier access to financing, and affordable pricing.

The likely surge in activity is expected to strongly affect the new construction condo market where inventory continues to decline and limited purchasing opportunities are available.  This is particularly true on or near Bergen County’s Hudson River waterfront where the majority of new construction activity has been highly concentrated on upscale rental homes.

“We anticipate the spring 2016 condo market will be very competitive, especially in the new construction sector,” says Jacqueline Urgo, President of The Marketing Directors, an exclusive marketing and sales agent active in Bergen County.  “With limited inventory, housing prices will steadily grow and savvy homebuyers will have to act fast to get the best deals available.  We’ve already seen a number of interested prospect visit our sales centers who are qualified and ready to move forward quickly.”

Trio, the upscale high-rise condominium minutes from the George Washington Bridge and the Hudson River waterfront in Palisades Park, is one of The Marketing Directors’ new home communities that has experienced an uptick in buyer interest heading into the spring selling season.  The collection of two-and three-bedroom homes has benefitted from the introduction of special homebuyer incentives that create unmatched value.

“We decided to roll out a program earlier this year that would provide significant savings to homebuyers who purchase now,” says Honey Hwang, Sales Manager for The Marketing Directors.  “It’s been met with great enthusiasm and success and prompted us to offer the same program as a special spring incentive.”

Available until May 1st, 2016, the incentive program at Trio provides $30,000 off the price of a two-bedroom condominium home and $50,000 off the price of one of Trio’s spectacular Penthouse residences.  What’s more, every home purchase is being offered with a free parking spot.

Condominium homes at Trio, priced from $475,000, are available for immediate occupancy.  The residences boast floor-to-ceiling windows, hardwood floors and modern recessed lighting. Gourmet kitchens include granite countertops, stainless steel GE appliances, custom maple cabinets and Kohler fixtures. Designer bathrooms feature Crema Marfil marble floors, granite countertops, custom maple vanities and Kohler fixtures. All homes also come with individual washers and dryers. 

Situated on the top floors of the two nine-story Trio buildings, the limited collection of Penthouses boasts expansive living spaces with stylish finishes and appointments and prices starting at just $595,000.  Four distinctive two- and three-bedroom Penthouse floorplans are available with desired elements such as separate kitchen and dining areas, two-and-a-half to three bathrooms, spacious master bedroom suites with walk-in closets and designer kitchens.  Floor-to-ceiling windows bathe the homes in natural light, while hardwood floors, granite countertops, stainless steel appliances, marble floors and custom cabinetry add style and detail to every corner.   

Some of the Penthouses offer spectacular New York City skyline views, while others feature spanning vistas of the western-facing landscape.  

An eclectic collection of resort-like amenities and services at Trio offers homeowners the opportunity to participate in a wide range of activities.  Found within the buildings is a lounge with billiards, ping pong, a large screen TV and catering kitchen, a state-of-the-art fitness center,  yoga studio, game room, virtual golf simulator, outdoor terrace and a business center. 

“Lifestyle plays an increasingly large role in a buyer’s decision on where to purchase,” says Ms. Hwang. “There’s certainly no shortage of things to do at Trio.  Our lifestyle amenities provide a well-rounded environment to enjoy, from a workout in the fitness center or yoga studio to practicing their drive in our golf simulator.  Residents don’t have to leave the buildings for recreation and entertainment.”

Located at 800 12th Street in Bergen County’s Palisades Park, Trio boasts an outstanding Bergen County location less than ten minutes from the George Washington Bridge and the business, social and cultural offerings of New York City. 

Trio is ideally situated in an established residential neighborhood minutes from a number of transportation options, including bus service. Shopping enthusiasts will find a myriad of opportunities at nearby malls, such as Riverside Square and Garden State Plaza, as well as a host of brand-name stores, specialty shops and boutiques, which line Route 4 and Route 17.

“Of course, the proximity to the George Washington Bridge and the New York Waterway ferry service puts Manhattan’s business, social and cultural offerings only a quick trip away,” Ms. Hwang adds.  

 

For additional information on Trio, please call (201) 982-7280 or visit www.LiveAtTrio.com.