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Posts tagged ‘Clark’

Clark Real Estate Market Update

clark inventory

Prices: The average sale price of a home in Clark in March, 2014, was $399,600 which is about 14% higher than March of 2012.

clark prices

Inventory: There are currently 58 single family homes offered for sale in Clark at an average list price of $452,728.  Five homes were sold in March of 2014, only half of that sold in March of 2013.

If you’re thinking about selling your Clark home, get a free Comparative Market Analysis here.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

Clark Real Estate Market Report

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Inventory is way down in the Clark real estate market with only 33 homes actively listed today

 

 

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Prices in Clark continue to rise. The average home that sold in Clark in February was sold for $410,667 – nearly 21% more than the average home sold in February 2012

 

 

 

If you’re thinking about selling your Clark home, get a free Comparative Market Analysis here.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

How do you get a CCO in Clark?

A CCO, or Certificate of Continued Occupancy, is required in many areas of New Jersey and elsewhere before the title of any real property can be exchanged. When you sell your home, it’s important to know what your town requires for a CCO. 

To obtain a CCO in Clark, you’ll need to fill out the application which can be found here. If you are selling your home with the assistance of a full service Realtor, he or she will likely file this for you, but if you are selling FSBO, then you’ll need to do this yourself. 

Once the application and fee are received, the Construction Department will schedule an inspection of your home.

These are the most common reasons for failing the CCO Inspection:

  1. Open permits must be closed out before the CCO inspection. 
  2. The blow off valve on your hot water heater must be at least 6 inches off the floor.
  3. The electrical service in the home must be at least 100 amps.
  4. All outlets in the bathrooms and within six feet of the kitchen sink must be GFI (Ground Fault Interrupter) protected.
  5. If there is a sump pump, it must not discharge through the sewer.
  6. There can be no cracked or broken windows.
  7. All staircases 36 inches or higher must have railings.
  8. The outlet for your laundry appliances must be GFI protected and be installed within six feet of the appliance.
  9. There can be no extension cords in the property.
  10. Asbestos must be removed or encapsulated if it is deteriorating.

The fee is $75 in Clark. Checks should be made payable to the Township of Clark. The certificate is good for 180 days from the date of issuance.

Clark also requires a Smoke Detector/Carbon Monoxide Certificate prior to the transfer of title. The cost for the certificate is $50, made payable to the Township of Clark. The application can be found here.

All Clark homes are required to have a smoke detector on each level and one outside of each bedroom.

In Clark homes built before 1984, individual battery operated detectors are acceptable. In homes built between 1984 and 1990 the detectors must be interconnected so that if one goes off, it activates all of the others. In homes built after 1990, the detectors must be interconnected and must have battery backup.

Carbon monoxide detectors, UL-2304, must be installed in the immediate vicinity of each bedroom.

Your home will not be issued a Smoke Detector/Carbon Monoxide Certificate if a key is required to exit the home from any door.

You also must have a minimum 5 pound ABC dry chemical fire extinguisher in the kitchen area.

Homes must be numbered to be issued a Smoke Detector/Carbon Monoxide Certificate in Clark.

The form for the CCo and the form for the Smoke Detector/Carbon Monoxide Certificate, along with the appropriate fees, should be submitted to the Clark Construction Office at least 2 weeks before your anticipated closing date to allow time for an inspection of the home and for filing of the certificates.

 

 

How do I obtain a CCO in Clark?

A CCO, or Certificate of Continued Occupancy, is required in many areas of New Jersey and elsewhere before the title of any real property can be exchanged. When you sell your home, it’s important to know what your town requires for a CCO. 

To obtain a CCO in Clark, you’ll need to fill out the application which can be found here. If you are selling your home with the assistance of a full service Realtor, he or she will likely file this for you, but if you are selling FSBO, then you’ll need to do this yourself. 

Once the application and fee are received, the Construction Department will schedule an inspection of your home.

These are the most common reasons for failing the CCO Inspection:

  1. Open permits must be closed out before the CCO inspection. 
  2. The blow off valve on your hot water heater must be at least 6 inches off the floor.
  3. The electrical service in the home must be at least 100 amps.
  4. All outlets in the bathrooms and within six feet of the kitchen sink must be GFI (Ground Fault Interrupter) protected.
  5. If there is a sump pump, it must not discharge through the sewer.
  6. There can be no cracked or broken windows.
  7. All staircases 36 inches or higher must have railings.
  8. The outlet for your laundry appliances must be GFI protected and be installed within six feet of the appliance.
  9. There can be no extension cords in the property.
  10. Asbestos must be removed or encapsulated if it is deteriorating.

The fee is $75 in Clark. Checks should be made payable to the Township of Clark. The certificate is good for 180 days from the date of issuance.

Clark also requires a Smoke Detector/Carbon Monoxide Certificate prior to the transfer of title. The cost for the certificate is $50, made payable to the Township of Clark. The application can be found here.

All Clark homes are required to have a smoke detector on each level and one outside of each bedroom.

In Clark homes built before 1984, individual battery operated detectors are acceptable. In homes built between 1984 and 1990 the detectors must be interconnected so that if one goes off, it activates all of the others. In homes built after 1990, the detectors must be interconnected and must have battery backup.

Carbon monoxide detectors, UL-2304, must be installed in the immediate vicinity of each bedroom.

Your home will not be issued a Smoke Detector/Carbon Monoxide Certificate if a key is required to exit the home from any door.

You also must have a minimum 5 pound ABC dry chemical fire extinguisher in the kitchen area.

Homes must be numbered to be issued a Smoke Detector/Carbon Monoxide Certificate in Clark.

The form for the CCo and the form for the Smoke Detector/Carbon Monoxide Certificate, along with the appropriate fees, should be submitted to the Clark Construction Office at least 2 weeks before your anticipated closing date to allow time for an inspection of the home and for filing of the certificates.

 

What happens to home prices in Clark when inventory drops?

Clark, NJ is home to about 15,000  people. Students in Clark attend Frank K. Hehnly Elementary School or Valley Road Elementary School,  Carl H. Kumpf Middle School for grades 6 – 8, and Arthur L. Johnson High School for grades 9 – 12.

As of this morning35 homes are curently offered for sale in Clark This is significantly lower than Clark has seen in more than 2 years. Typically, this drives prices up as supply is not large enough to meet demand.

And that is exactly what we’re seeing. As inventory dropped, prices have risen. The average sale price in January of 2014 was $421,308, almost 22% higher than in January of 2012.

Home sales are slightly slower than they were in December, but January is typically a slow month for homes sales. The average sold home in Clark in January was sold after 62 days on the market, about one third faster than in January of 2012.

If you’re thinking of buying a home in Clark, here are the current listings. After you’ve chosen your favorites, contact us to schedule your showings!

If you’re thinking about selling your Clark home, get a free Comparative Market Analysis here.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

SOLD! 35 School Street, Clark

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and

Team Zuhl

Are proud to announce

The sale of 35 School Street in Clark.  This beautiful 2 bed, 1.1 bath townhouse sold for $197,000.  The new owner should enjoy many years living in style with easy access to the Garden State Parkway, restaurants and shopping.

 

If you’re interested in finding out how to sell your home, or are interested in purchasing home, contact us and we’ll give you a FREE market analysis and answer any questions that you might have.

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For Sale – Single Family Homes in Clark

Planning to buy a home in Clark, NJ?

There are 44 homes to choose from, about half of the average inventory.  Sales have slowed down a bit with 10 homes sold in December, about 2 fewer than the average monthly sales.

With inventory down by 50% and sales only down by 20%, it’s no surprise that home values have remained strong. The average sold home in Clark in December was sold for $388,350, well above the average list price over the last two years.

Homes in Clark continue to sell quickly. The average sold home in Clark in December was sold after only 31 days – among the fastest in Union County.

If you’re thinking of buying a home in Clark, here are the current listings. After you’ve chosen your favorites, contact us to schedule your showings!

If you’re thinking about selling your Clark home, get a free Comparative Market Analysis here.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

Two-Family Homes for sale in Union County

122 two-family homes are currently offered for sale in Union County. Prices range from $150,000 to $750,000. You can search through the homes by clicking here and then contact us for an appointment to tour the ones you like.

Where are the two family homes?

Nearly every town in Union County has at least one two-family home for sale. Westfield has a beautiful duplex offered for $749,900. There is a 5 bedroom, 6 bath two-family home in Linden offered for $599,000. Cranford has a beautiful home on nearly a quarter of an acre for only $$539,000 and Clark has a six bedroom home for $494,500.

Investors will be pleased to see that there are  5 great two-family homes for $150,000 – in Linden, Rahway, Plainfield and Union.

Why buy a Two Family Home? 

Buyers of two family homes are often investors – they seek to live in one unit and rent the other unit. With rental prices in Union County so high, they often see a return on investment quickly.

Buyers of two family homes may also buy the two family home for their family. They may seek to live in one unit and have their adult children or elderly parents live in the other unit, saving housing costs and providing a lifestyle that suits some people.

Homes in Union County are Selling Quickly!

When you put your home on the market in Union, you should be ready to move quickly. Nearly all of Union County saw a marked decrease in the average Days on Market of a sold home in 2013 as compared to 2012, and the average home that sold in Union County in 2013 sold in fewer than 75 days as compared to an average of 88 days in 2012. Certainly, location within Union County had some effect on this as well, so here is the breakdown by town: 

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Westfield, the fastest selling town in 2012, continues to sell faster than 2012 but not as quickly as Garwood, Mountainside, Fanwood, and Cranford. Rahway, the slowest selling town in 2012, is now faster selling than Union and Linden. 

When we combine these two graphs, we see how each town’s Days On Market changed from 2012 to 2013. 

 

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Twons like Mountainside, Fanwood, Clark, Scotch Plains, and Rahway saw dramatic improvements in selling times whereas other towns like Westfield, Garwood, and Kenilworth only saw small improvements. Interesting to note that only Linden saw an actual increase in selling time from 2012 to 2013. We recently published the 2013 End of the Year Real Estate Market Report for Union County in which we compared the average sale prices of homes in Union County towns from 2012 with sale prices in 2013.

Looked at another way, below we have each town represented by a bar indicating the increase or decrease in selling time. 

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How does this affect you? Call Team Zuhl for a free Comparative Market Analysis and find out what your home is worth today!

How much Equity do you have in your Clark, NJ, home?

As you prepare to make your New Year’s Resolutions and start thinking about your taxes, a firm reveiw of your financial situation makes sense. If you’re like many people, your home is your biggest asset. Here’s how to calculate how much equity you have in your home:

                              Market Value of your home

                            - Mortgage Debt Owed         

                              Equity

We can help you determine the market value of your home with a free Comparative Market Analysis in which we will compare your home to others like it in your neighborhood that have sold in recent months. Call us today!

 

For more information on Clark and Clark Real Estate:

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