A Canadian company owns the Mall of America


The Mall of America in Bloomington, Minnesota is the largest mall in the US — it even has its own ZIP code. Owned by the Ghermezian family (through their Canadian company, Triple Five Group), this megamall is part of their impressive real estate portfolio, including the West Edmonton Mall in Canada and the American Dream Mall in New Jersey.

The Ghermezians have built some of the world’s most famous shopping destinations, proving their influence stretches far beyond North America.

Homes for Sale

UNDER CONTRACT

1 Spinnaker Way

Lake Hopatcong, NJ

$699K

more info here

FOR SALE

17 Scarborough Ct

Mt Olive, NJ

3BD/2.5 Bath

$629K

more info here

NEW PRICE

4 Knollwood Terrace

Chester, NJ

4BD/3 Full Bath/2 Half

$1,175,000

more info here

UNDER CONTRACT

217 Mountain Way

Lyndhurst, NJ

3BD/3 Bath

$675K

more info here

COMING SOON

30 Glattly Drive

Denville, NJ

3BD/2.5 Bath

contact us for more info

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History Shows the Housing Market always Recovers

Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market. And if you’ve made that same choice, you’re...read full article.

In this issue of Doug Talks...

Morris County Real Estate Metrics

Morris County real estate in late 2025 shows continued price increases, particularly at the higher end of the market. While the overall market is rebalancing nationally, demand remains strong in Morris County, especially in areas like Hanover Township due to a persistent lack of single-family homes.

However, affordability is a growing concern, with median rents increasing 16% year-over-year last year and potential buyers facing difficulties with rising homeowners insurance costs. 

Key Trends:

• Rising Prices: Median and average home prices have seen consistent increases, with the average rising faster than the median, indicating strength in the luxury market. 
• Low Inventory in Hotspots: Areas such as Hanover Township are experiencing continued buyer demand despite a general market rebalancing, driven by a shortage of available single-family homes. 
• Affordability Concerns: Rising homeowners insurance costs are a significant concern for buyers, alongside increasing median rental prices. 
• Development Activity: While new apartment construction is slowing, there has been a shift in development toward mixed-use projects, including the conversion of former office buildings into residential, retail, and other spaces. 
  

What This Means for Buyers and Sellers 

• For Buyers: Be prepared for high prices and tight inventory in certain communities. Explore areas that may be seeing increased development or consider multi-family options.
• For Sellers: With a strong, high-end market and growing demand, it's a favorable time to sell.

The "Doug Talks..." section will be featured in our monthly real estate email

and will include articles and/or videos showcasing some aspect of

home improvement, construction, investing, or home design.

Three Things you Risk by Pricing Too High

When selling your house, the price you choose isn’t just a number, it’s a strategy. And in today’s market, that strategy needs to be sharp.

The number of homes for sale is climbing. And that means buyers have more choices and can be more selective. If your price doesn’t line up with what else is out there, they’ll scroll right past it and go on to the next one.

Pricing right from the start is your best move – and a great agent can help make sure you do.

1) Overpricing Comes at a Cost

And more sellers are finding that out the hard way. They list their house based on how things were a year ago – or based on a neighbor’s sale...read full article.

Top Tech Tools Giving Real Estate Agents

a High-Tech Edge

From AI to CRMs, the latest REALTORS^® Technology Survey reveals the tools agents rely on to stay competitive.

Real estate pros are increasingly turning to technology tools to save time, improve their clients’ experience, close more deals and stay ahead of the competition, according to the newly released 2025 REALTORS Technology Survey, which compiled responses from more than 1,200 agents about how they leverage technology in their business.

But as the proptech field rapidly expands, which tech tools should you use for lead generation, customer relationships, transactional management and more?

The 2025 REALTORS Technology Survey shows that National Association of REALTORS members are using an increasing variety of options to enhance their business, with the most popular technology being electronic signatures, followed by marketing and prospecting tools such as social media, drone photography and video.

The Most Popular Tech to the Least Popular

So, what’s in an agent’s toolbox lately? Agents are divvying up their business budgets specifically to support more technology: One-third of agents spend, on average, $50 to $250 monthly on technology; 20% spend between $251 to $500 per month; and about a quarter of agents devote more than $500 on technology monthly to use in their business....read full article.

The Doug Collinson Real Estate Group

44 Whippany Rd, Suite 230, Morristown, NJ 07960

Office (973) 539-1120

Doug Collinson Cell: (973) 214-0347

Doug Collinson Email: dtcollinson@gmail.com

www.DougCollinson.com

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