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Posts tagged ‘Fanwood’

Union County Market Reports – July 2014

When you’re ready to buy or sell a home, one of the first steps you need to take is to educate yourself about the local market conditions. Here’s what you need to know this month:

 

For more information on selling your home:

 

Fanwood Real Estate Market Report – June 2014

If you plan to buy or sell a Fanwood home, your first step is to learn about the real estate market condtions in Fanwood. Here’s what you need to know for June, 2014.

Inventory: There are currently 47 homes offered for sale in Fanwood. They range in price from $189,900 to $3,950,000 – definitely something for every budget. Eleven homes were sold in June, the highest number of sales since July of 2012.
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Prices: The median sale price of a home in Fanwood in June was $415,000, slightly below the 12 month average of $428,000.

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To see this month’s infographic, please click here.

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For more information on selling a home

For more information on Fanwood Real Estate:

 

 

 

Fanwood Inventory bounces up, but not quite up to 2013 levels

May’s Real Estate Market was a busy one in Fanwood with 8 homes sold at a record high average sale price! Here’s what you need to know if you’re thinking of buying or selling a home in Fanwood:

Inventory – The 2014 Fanwood real estate inventory isn’t as high as we saw in 2013 which may drive prices up.  Currently, 41 homes are offered for sale.fanINVmay14

 

 

 

 

 

 

Prices – Driven  up by lower than normal inventory and by the typical spring/summer bounce, the average sale price in May in Fanwood was $551,050.

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Days on Market
 – Homes are selling quickly. The average home in Fanwood was sold after only 56 days on the market. While that is quick and a definite improvement compared to the 111 days we saw in March of 2014, compare it to May of 2013 when the average Days on Market was 38.

 

 

What does all this mean to you? 

If you’re buying a home in Fanwood, you have fewer homes to choose from and should expect to act fast once you find the right home for you. We’re seeing some bidding wars going on as multiple buyers find themselves making offers on the same home.

If you’re selling a home in Fanwood, this might be the best time to take advantage of the low inventory. Buyers are out looking in Fanwood and are willing to pay top dollar for homes that have been well maintained and are updated.

What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today!

For more information on selling a home:

For more information on Fanwood Real Estate:

Fanwood Real Estate News – May 2014

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Inventory: There are currently 38 homes offered for sale in Fanwood at an average list price of $459,500. Nine homes were sold in April. In 2013, the inventory got as high as 49 homes in May and as low as 25 homes in December.

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Prices: There were nine homes sold in April at an average sale price of $402,000. The average sale price over the last 12 months was $409,622 with the highest in July of 2013.

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Days on Market: March was sluggish in Fanwood with the average home selling after 111 days on the market. Things have certainly picked up in April when the average days on market was 72 days – still slower than the last 12 months average of 60 days.

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What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today!

For more information on selling a home:

For more information on Fanwood Real Estate:

Fanwood, NJ, real estate market report

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Inventory: There are currently 33 single family homes offered for sale in Fanwood, representing about 50% increase in inventory over February of 2014. The average list price of homes currently offered for sale in Fanwood is $454,803. Five homes were sold in March.

Prices: The average sale price of a home in Fanwood in March was $390,500. 

 

 

What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today!

For more information on selling a home:

For more information on Fanwood Real Estate:

Fanwood Real Estate Market Update – Feb, 2014

What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today!

For more information on selling a home:

For more information on Fanwood Real Estate:

Fanwood Real Estate Market Report

The borough of Fanwood, NJ is home to just under 7500 people. Students in Fanwood are served by the  Scotch Plains-Fanwood Regional School District. The Fanwood station is a New Jersey Transit railroad station on the Raritan Valley Line, making Fanwood a convenient home for commuters to NYC.

 

Currently, there are 14 homes offered for sale in Fanwood. Inventory in Fanwood tends to be cyclical – higher in the spring and summer, and lower in the fall and winter. This January’s inventory is, however, the lowest inventory seen in Fanwood for several years. 

How will this affect prices? A lower inventory usually drives prices up as supply isn’t sufficient to meet demand.

 

The average sale price of a home in Fanwood was $369,250 in January. This is slightly lower than recent months. It’s reasonable to expect that prices will increase in the spring when the demand increases.

 

What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today!

For more information on selling a home:

For more information on Fanwood Real Estate:

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