Upper Montclair is a desirable location for real estate due to its proximity to New York City, excellent schools, shopping and dining options, and beautiful parks. However, there are both pros and cons to purchasing property in Upper Montclair.

Pros:
1. Excellent schools: Upper Montclair boasts some of the best public schools in the state of New Jersey, making it an attractive location for families with children.
2. Proximity to New York City: Upper Montclair is located less than 20 miles from New York City, making it a convenient choice for commuters.
3. Scenic beauty: Upper Montclair is home to several lush parks and nature reserves, including the Yantacaw Brook Park and the Eagle Rock Reservation.
4. Strong real estate market: The real estate market in Upper Montclair has remained stable over the years, making it a solid investment.

Cons:
1. High cost of living: Upper Montclair is an affluent area, and the cost of living can be significantly higher than other parts of New Jersey.
2. Limited public transit options: While Upper Montclair is located near New York City, public transit options such as bus and train service can be limited.
3. Heavy traffic: With its proximity to New York City, heavy traffic can be a concern during rush hour.
4. Limited property inventory: Due to its popularity, the number of available properties in Upper Montclair can be limited, leading to higher competition and potentially higher purchase prices.

Ultimately, the decision to purchase real estate in Upper Montclair, New Jersey will depend on your specific circumstances and priorities. It may be helpful to work with a real estate agent who is familiar with the area to help you navigate the local market and make an informed decision.