The name Jeffrey Otteau may not mean anything to you, but it’s a name that’s well known to New Jersey REALTORS®. Jeffrey Otteau is the President of the Otteau Valuation Group, and is well known for his insight into real estate trends. He is frequently quoted in the Wall Street Journal and the New York Times, and this morning he presented his semi-annual update on the New Jersey real estate market at the Sheraton Eatontown.
As part of his presentation, Mr. Otteau identified the 21 towns with the strongest real estate markets in New Jersey. There were 8 in Bergen County, 4 in Essex County, 2 each in Monmouth and Morris Counties, and 1 each in Hudson, Mercer, Middlesex, Union and Somerset Counties. The two Monmouth County towns that he identified were Little Silver and Fair Haven.