New Bergen County Townhome Community Sells Out in Under Ten Months
Waldwick, NJ, February 2015 – K. Hovnanian® Homes® has announced that it has taken a contract on the final home at Farm Estates, its new community of upscale townhomes in Waldwick, NJ. The popular new community, which features 31 townhomes, is now sold out, in less than ten months from when it opened.
Farm Estates was on a fast track to success since opening in the spring of 2014, attracting strong buyer interest from day one. It’s easy to understand why the new community was so successful. Riding the wave of a resurgent housing market, Farm Estates offered a winning formula. The community features brand-new, elegantly designed townhomes in one of Bergen County’s most desirable, convenient locations, with pricing from the mid-$500s. Buyers were immediately attracted to the strong value, along with the appeal of private, quiet community with tree-lined streets and a desirable low-maintenance townhome lifestyle.
The homes at Farm Estates offer from 1,971 to 2,053 square feet of luxurious living space, with three bedrooms, two-and-a-half baths, full basements, garages, and a variety of high-end features. Homeowners enjoy the added convenience of street parking, with additional space for guests.
The Bergen County location was a key benefit for buyers at Farm Estates, for its convenience and its family-friendly appeal. Families certainly appreciate the opportunity to live in the award-winning Waldwick School District, with local schools within walking distance. And the area surrounding Farm Estates offers every urban convenience. Located only 18 miles from New York City, the new community is ideal for commuters. The Waldwick New Jersey Transit train station is only a few minutes away, an easy walk from the community. Homeowners have easy access to Routes 17, 208, 4, and 46, as well as I-80 and the Garden State Parkway. Newark Liberty International Airport is also only 30 minutes away. And there are plenty of activities within minutes of the neighborhood, including a large and diverse collection of fine restaurants, upscale shopping, parks, golf courses and other recreational activities.
Following on the heels of the rapid sell-out of Farm Estates, K. Hovnanian’s® Northeast Division is currently developing another new townhome community in Bergen County, The Reserve at Montvale, which is scheduled to open later this year. For more information about K. Hovnanian® Homes®, visit www.khov.com.
ABOUT HOVNANIAN ENTERPRISES®, INC.:
Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes® and Parkwood Builders. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.
Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2014 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail or fax lists, please send an e-mail to IR@khov.com or sign up at http://www.khov.com.