A great place to live and work

Posts tagged ‘Fanwood’

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.
fanINV614

Prices: The median sale price of a home in Fanwood in June was $415,000, slightly below the 12 month average of $428,000.

fanPRICES614

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

fan614

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.

fanPRICESmay14

 

 

fanDOMmay14

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

 fanwood inventory

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.

fanwood prices

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.

 fanwood dom

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.

fanwood real estate

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

Image

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:

The Fanwood Real Estate Market Update

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.

 

Inventory is down in Fanwood. There are currently 17 single family homes offered for sale  in Fanwood, ranging in price from $199,000 to $770,000. Eight homes have sold so far in January, compared to the total of 5 homes sold during the entire month of December.  While inventory has shrunk (25 active listings a month ago, 32 listings a year ago), sales have been brisk. Eight homes have sold so far in January, compared to the total of 5 homes sold during the entire month of December. 

Image

As you might anticipate, the average days on market of homes sold in Fanwood is very low. The county average days on market in 2013 was 74 days. The 2013 average for Fanwood was only 56 days and the December average was 46 days.

 

 

With homes selling this quickly in Fanwood, how are prices affected? The average sale price in Fanwood in December was $415,600. The average sale price in December of 2012was $405,000 and the average in all of 2013 was $427,709.  This is about average for Union County.

 

 

 

 

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:

The 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 DistrictThe Fanwood station is a New Jersey Transit railroad station on the Raritan Valley Line, making Fanwood a convenient home for commuters to NYC.

 

Homes in Fanwood continue to sell quickly. The average home that sold in Fanwood in November sold in 52 days, quicker than the 73 days it took in October.

 

The inventory in Fanwood has dropped from 47 homes offered for sale in June to only 32 homes offered for sale in November. To browse the homes that are for sale in Fanwood today, please click here. Five homes sold in November, compared to 10 homes that sold in October. Over 2013, an average of 6.25 homes sold per month, compared to an average of 5.9 homes sold per month in 2012.

 

Prices in Fanwood remain strong. The average sold home in Fanwood in November was sold for $405,380. The average home sale in Fanwood in 2013 was $425,825, 10% higher than the average of $386,777 in 2012.

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:

The Fanwood, NJ, Real Estate Market Report

Thinking about buying or selling a home in Fanwood? Here’s everything you need to know.

Fanwood is a small town, home to about 7000 people, in Union County. There are currently 29 homes offered for sale in Fanwood – a lower inventory than Fanwood has seen in 2 years. Eight homes sold in Fanwood in October – 10% less than sold during the summer months, but significantly better than the one home that sold in October of 2012. 

Prices in Fanwood remain strong. The average home that sold in Fanwood was listed for $456,845 and sold for $432,413. There has been no measurable drop in prices since autumn set in, and prices have been strong since summer of 2012. 

One of the reasons prices remain strong in Fanwood is the eagerness of buyers to purchase homes. The average home in Fanwood sells after less than 2 months on the market – significantly faster than most of Union County. Aside from a slow winter last year, Fanwood homes sell quickly.

 

For more information on selling a home:

 

For more information on Fanwood Real Estate:

- See more at: http://activerain.com/blogsview/4244234/the-fanwood-real-estate-market-report#sthash.4KZyiYaA.dpuf

Fanwood’s Real Estate Market Update

Fanwood is a small but lovely town in Union County and is home to about 7000 people. The real estate market in Fanwood continues to be robust, and buyers and sellers are wise to do some market research in order to make decisions about their property. Here are some statistics from the Fanwood real estate market to help buyers and sellers as they navigate the real estate waters.

For starters, there are 30 homes currently offered for sale in Fanwood.  This is the lowest inventory Fanwood has seen in quite some time – how that affects prices will remain to be seen.

fanwood active and sold

Homes in Fanwood continue to sell close to list price. The average home sold in Fanwood in September sold for $436,786 and was listed for $439,527, indicating that buyers are still finding Fanwood to be a desirable place to call home.

fanwood sale price and list price

The average home that sold in Fanwood in September was on the market for only 42 days. This is significantly faster than most other parts of Union County.

fanwood DOM

For more information on Fanwood Real Estate:

Tag Cloud

Follow

Get every new post delivered to your Inbox.

Join 285 other followers

%d bloggers like this: