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Linden Real Estate Market Report – June 2013

If you’re planning on buying or selling a home in Linden, the first step is to learn about the Linden real estate market conditions. Here’s what you need to know this month.

Inventory: There are currently 241 homes offered for sale in Linden and they range in price from $60,000 to $649,000. Inventory has leveled off this summer and homeowners who are interested in selling their home will want to be sure that their home is in top selling condition. linINV614

Prices:  The average selling price of a home in Linden in June was $216,963, just slightly under the 12 month average of $210,757.

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For this month’s infographic, please click here.

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For more information on selling a home

For more information on the Real Estate in Linden:

 

 

Strong Buyers Market in Linden and Rahway

If you’re planning on buying or selling a home in Linden or Rahway, you need to understand the market conditions.

Inventory is high and prices are low. Selling a home might be a challenge if it’s not in tip top showing condition. For more information, please see our latest market report here.

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Linden and Rahway Real Estate

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Inventory: There are 455 active listings in Rahway and Linden as of today. Inventory continues to rise this spring from a low of 377 in December and from the high point of 463 in June of 2013.

A total of 26 homes were sold in April of 2014, down from 31 in March and 32 in April of 2014.

Prices:

Average list price in April, 2014 – $233,337, up 3% from April of 2013 and up 4% from March of 2014.

Average sale price in April, 2014 – $198,896, up 9% from April of 2013 but down 13% from March of 2014.

Time to sell your home:

Homes in Rahway and Linden are among the slowest selling homes in Union County. The average Days on Market in Rahway and Linden in April was 98 days, about 25% faster than March and almost identical to the average in April of 2013. The highest DOM seen in Rahway and Linden in recent years was 122 days in December of 2013 and the shortest DOM was 84 days in Spetember of 2013.

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

Cherry Blossoms in NJ!

Millions flock to Washington DC to see the Cherry Blossoms, but did you know that there are more cherry trees in New Jersey than in Washington?

Team Zuhl took a jaunt through Warinanco Park in Linden and snapped these lovely pictures. So if you’re looking for a little fresh air and some beautiful scenery, Warinanco Park is just what the doctor ordered!

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Linden and Rahway Real Estate Market Update

 

 

Time on market: For homeowners in Rahway and Linden, the expected spring quickening in the real estate market has yet to arrive. While prices are up, the length of time it’s taking to sell the average home has actually increased. 

 

 

 

 

 

Prices: The average sale price in Rahway and Linden is higher than it’s been in more than 2 years. The average sale price in Rahway and Linden in March of 2014 was $228,493.

 

 

 

 

 

Inventory: The inventory in Rahway and Linden was lower this winter than it’s been in over 2 years, but is now beginning to recover. To search Rahway listings, click here. To search Linden listings, click here.

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

Buyers Market in Rahway and Linden

Rahway and Linden are experiencing a strong buyers market. Inventory is steady with about 6% of active listings selling in February. There are currently 141 single family homes offered for sale in Rahway and 147 single family homes offered for sale in Linden.

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In February, the towns of Rahway and Linden had 26 homes sold for an average price of $178,425 and after an average of 151 days on the market.

Prices are down in Rahway and Linden. Over the past 2 years, prices have dropped about 21%.

When real estate professionals say that Linden and Rahway are experiencing a buyers market, we mean that there are more sellers than buyers. The result is that homes often take a long time to sell and that prices often drop.

If you are a homebuyer looking in Rahway and Linden, please click here to search for listings in Linden and click here to search for listings in Rahway. Then, call us at 908-917-4189 for your private showings.

If you are a homeowner thinking of selling your home, contact us at 908-917-4189 for a free comparative market analysis to find out what your home is worth in today’s market.

 

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

Inventory is down in Rahway and Linden!

 Rahway  has had several revitalization projects in recent years. Its population is just over 27,000. Students in Rahway are served by Grover Cleveland School,  Franklin School, Madison School, and Roosevelt School, Rahway 7th & 8th Grade Academy for grades 7-8 and Rahway High School for grades 9-12.

The city of Linden, NJ is “Big enough to lead, small enough to care,” and about 41,000 people call it home. Public school students in Linden are served by the Linden Public School system with eight elementary schools, McManus and Joseph E. Soehl Middle Schools, and Linden High School. Linden homeowners enjoy one of the lowest tax rates in Union County.

There are currently 274 homes offered for sale in Rahway and Linden.  While this might seem like plenty of homes, it’s actually the lowest inventory Rahway and Linden have seen in more than 2 years. Low inventory nearly always results in an increase in prices as supply is lower than demand.

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And that is exactly what we’re seeing with the sale prices of homes sold in January in Rahway and Linden. The average sale price was $230,274, nearly 19% higher than January of 2012.

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The average sold home in Rahway and Linden in January was sold after 111 days on the market. Still higher than most of Union County, this is still significantly faster than we’ve seen historically in Linden and Rahway. Especially considering that January is typically a slow month in real estate in New Jersey, it’s good news that homes are still selling and selling faster.

 

If you’re interested in buying a home in Linden or Rahway,  click here to see all of the homes currently on the market. If you’re interested in finding out what your Linden or Rahway home is worth, find out here. If we can help you along the way, email us at teamzuhl@gmail.com or call us at 908-917-4189!

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

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.

Single Family Homes for Sale in Rahway and Linden

 Rahway  has had several revitalization projects in recent years. Its population is just over 27,000. Students in Rahway are served by Grover Cleveland School,  Franklin School, Madison School, and Roosevelt School, Rahway 7th & 8th Grade Academy for grades 7-8 and Rahway High School for grades 9-12.

The city of Linden, NJ is “Big enough to lead, small enough to care,” and about 41,000 people call it home. Public school students in Linden are served by the Linden Public School system with eight elementary schools, McManus and Joseph E. Soehl Middle Schools, and Linden High School. Linden homeowners enjoy one of the lowest tax rates in Union County.

There are currently 377 homes offered for sale in Rahway and Linden. Click  here  to see photos and read descriptions of these homes right on your computer. This is the lowest inventory seen in these towns in 2 years.  

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The average home that sold in Rahway and Linden in December of 2013 was sold after 121 days on the market. While this is still longer than most of Union County, it is still significantly quicker than most of the last 2 years.

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Forty homes were sold in Linden and Rahway in December of 2013.

The average home that sold in Linden and Rahway in December of 2013 was sold for $209,735, about 4% higher than the average sale price over the past two years.

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If you’re interested in buying a home in Rahway or Linden, check out these great homes and then call us to schedule your showing! If you’re interested in selling a home in Linden or Rahway, call us today!

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

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!

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