Peapack-Gladstone, NJ

Peapack-Gladstone, NJPeapack-Gladstone is a charming, picturesque town located in northern Somerset County on the north branch of the Raritan River.  The villages of Peapack-Gladstone are frequently referred to as the Twin Boroughs.

At the center of town is Liberty Park which is a tranquil setting for residents and visitors to enjoy year round.  Activities in the Park include the annual Community Day celebration, concerts in the summer and ice skating in the winter.  The streets are lined with an array of homes including historic Victorians, quaint cottages and classic capes.  Each village offers a charming downtown area complete with restaurants, shopping and access to public transportation.

There has been no one explanation formally accepted to explain the origin of the name Peapack.  Several possibilities exist regarding the derivation of the name Peapack.  “Pe” is the Lenni-Lenape word for water.  “Pepock”, meaning pond, is mentioned in a deed for a large tract of land sold by the Lenapes to the settlers.  Another reference indicates the name was derived from an Indian tern for “water roots” which refers to the point in town where the Peapack Brook and Raritan River meet.  Gladstone got its name from William Gladstone, an English Prime Minister.

In 1912, residents of the villages voted to separate from Bedminster Township.  As a result, the villages of Peapack and Gladstone formally merged to form the borough as we know it today.

The 5.9 square-mile area is home to a little over 2,550 people.  The two villages share a public library, police department, first aid squad, fire department, athletic programs, and civic organizations.  Students attend grades K-12 in the Somerset Hills Regional School District located in neighboring Bernardsville.

Peapack-Gladstone is south of Morristown and north of Somerville.  Many people are drawn to this small town for its easy access to transportation via Routes 287, 78, 202, 206 and the New Jersey Transit system.

Peapack-Gladstone information and photographs obtained by Karen Van Arsdale.

 
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Welcome To Town
  • Welcome To Town
    Welcome To Town
  • Enjoy An Afternoon In The Park
    Enjoy An Afternoon In The Park
  • Entrance To Natirar
    Entrance To Natirar
  • Sweeping Vistas At Natirar
    Sweeping Vistas At Natirar
  • Friendly Faces
    Friendly Faces
  • Beautiful Pastures
    Beautiful Pastures
  • Graceful Swans
    Graceful Swans
  • Liberty Park
    Liberty Park
  • Limestone Quarry
    Limestone Quarry
  • Nature At Its Best
    Nature At Its Best
  • Old World Glamour
    Old World Glamour
  • Play Ball!
    Play Ball!
  • Pride Of The Community
    Pride Of The Community
  • Relax In The Gazebo
    Relax In The Gazebo
  • Rockabye Meadow Preserve
    Rockabye Meadow Preserve
  • Station 51
    Station 51
  • Toddler Playground
    Toddler Playground
  • Tranquil Settings
    Tranquil Settings
  • Unspoiled Beauty
    Unspoiled Beauty

Welcome To Town
 
 

 

Peapack-Gladstone Residential Home Sales Statistics
2016:
High Sale Price = $1,240,000
Low SP = $257,500
Average SP = $683,087
Median SP = $670,000

2015:
High Sale Price = $8,702,680
Low SP = $266,000
Average SP = $992,664
Median SP = $625,000

2014:
High Sales Price =
$2,145,000
Low SP = $238,250
Average SP = $789,793
Median SP = $780,000
2013:
High Sales Price =
$1,601,000
Low SP = $215,000
Average SP = $628,828
Median SP = $540,000
2012:
High Sales Price =
$3,300,000
Low SP = $190,000
Average SP = $683,735
Median SP = $435,000
2011:
High Sales Price =
$4,500,000
Low SP = $206,416
Median SP = $520,000
2010:
High Sales Price =
$1,287,000
Low SP = $201,000
Average SP = $637,256
Median SP = $640,000
2009:
High Sales Price = $5,350,000
Low SP = $160,000
Median SP = $667,000

2008:
High Sales Price = $3,000,000
Low SP = $310,000
Average SP = $958,479
Median SP = $825,000

2007:
High Sales Price = $1,900,000
Low SP = $340,000
Average SP = $669,650
Median SP = $500,000


Source: Garden State Multiple Listing Service.

Links to Other Peapack-Gladstone Websites of Interest:

Peapack-Gladstone Borough: http://www.pgborough.com/
Peapack-Gladstone Wikipedia Entry: http://en.wikipedia.org/wiki/Peapack-Gladstone,_New_Jersey