A great place to live and work

Posts tagged ‘union’

Union Real Estate Market Report – June 2014

When you’re thinking of buying or selling a home in Union, a necessary first step is to research the real estate market conditions. Here’s what you need to know this month.

Inventory: There are currently 347 homes offered for sale in Union. They range in price from $65,000 to $1,840,00.  This is an exceptionally low inventory and the laws of supply and demand would indicate that prices will go up as an increased number of buyers are eager to be settled before the end of the summer.

unionINVENTORY614

Prices: The average sale price in Union in June was $256,649, just slightly above the 12 month average of $250,512. Prices have been relatively stagnant for the past year, although there is a downward trend when we compare past years.

2014 average YTD =$239,392

2013 average = $256,665

2012 average = $245527

unionPRICES614

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

union4th

If you’re considering selling your Union home, call us today for a free comparative market analysis of your home.

For more information on selling a Union home:

For more information on Union Real Estate:

Buyer’s Market in Union

If you’re ready to buy or sell in Union, please check out our latest market report.

Here’s a quick summary:

  • Inventory is up and slow to sell. The average home sold after 147 days on the market in May.
  • Prices for the past 12 months have held relatively steady, and the average sale in May was roughly equal to the average sale over the past 12 months. 

Image

What’s your favorite Farmers Market?

A farmers market evokes memories of sunshine, mouth watering berries, giant tables covered with bright vegetables, and corn on the cob so sweet it could be a dessert. I love picking giant shoppings bags filled with fresh fruits and vegetables and then piling them up on my kitchen table and cooking the day away. If you’re a farmer’s market lover, like we are, then get ready because the season is just about to begin. Here are some of our favorites:

  • Liberty Hall Museum Community Farmers Market at 1003 Morris Ave in Union on Thursdays from 11am-5pm from June 8th until October 30th. Tons of Jersey Fresh produce, wine, cheese, breads, honey, pickles, coffees, crafts, syrups.
  • Roselle Park Farmers Market at the corner of Chestnut Street and East Grant Ave in  in the gazebo parking lot of Michael Mauri Park in Roselle Park on Wednesdays from 1pm to 6pm from July 3rd to October 30th. Fruits, vegetables, flowers, herbs, baked goods, pickles.
  • Scotch Plains Farmers Market at 430 Park Avenue in the Municipal Parking Lot in Scotch Plains on Saturdays from 8am to 2 pm from May 17th through November. Jersey Fresh fruits and vegetables, baked goods.
  • Springfield Farmers Market at Dayton High School at 139 Mountain Avenue in Springfield on Mondays from 12 noon to 6 pm from July 1st through August. Fruits, vegetables, baked goods, granola.
  • Westfield Farmers Market at the South Avenue Train Station in Westfield on Saturdays from 8:30 am to 2pm from July 5th through October 25th. Fresh fruits, vegetables, nuts, granola, dried fruits, cheese, yogurt, eggs, baked goods, honey.

How do you know what’s locally ripe and in season? Try RipeTrack. Just type in the fruit or vegetable you’re looking for and see if you’ll be buying locally grown produce. Alternately, click What’s In Season Right Now and see all of the produce that local farmers are picking today.

 

Union Real Estate Market Report

Buyers and sellers in Union, NJ, need to know the market details before they make any decisions. Here’s what you need to know this month about real estate market values in Union.

Image

 

For an analysis of the data, please click here.

For more information, to browse listings, or to request a Comparative Market Analysis, please click here or call us at 908-917-4189.

Union Real Estate Market Report

Buyers and sellers in Union need to know the latest information on the real estate market. Here’s all the news about what’s selling in Union.

InventoryThere are currently 323 single family homes offered for sale in Union. 32 homes were sold in March and 93 homes have sold so far this year.

PricesWe’re seeing an uptick in prices in Union – the average sale price in March was $260,780, up about 18% from February.

 

For more information on selling a Union home:

If you’re considering selling your Union home, call us today for a free comparative market analysis of your home.

For more information on Union Real Estate:

If you’re ready to buy, Union is the town for you!

Now is the time to buy in Union! There are plenty of beautiful homes available for sale in a wide range of prices. 

For more information on selling a Union home:

If you’re considering selling your Union home, call us today for a free comparative market analysis of your home.

For more information on Union Real Estate:

Time to Buy in Union!

Union, NJ, is home to nearly 57,000 people. It occupies northern Union County in the area that was called Connecticut Farms in the 18th Century. 

There are six primary (PreK-4) schools: Battle Hill SchoolHannah Caldwell SchoolConnecticut Farms Elementary SchoolFranklin SchoolLivingston SchoolWashington SchoolCentral Five-Jefferson School serves grade 5, and Burnet Middle School and Kawameeh Middle School serve grades 6 though 8. Union High School serves 2400 students in grades 9-12.

There are currently 241 homes offered for sale in Union. After a bit of a dip last month, the inventory has partially recovered but is still lower than it’s been in years. Low inventory may bring higher prices – as demand out-buys supply, prices tend to rise.

 

Prices in Union took a bit of a dive this winter, so spring should bring a correction. The average sold home in Union in January was sold for $229,100, about 25% lower than January of 2013. As the temperatures rise in the spring, prices may rise as well. In the meantime, if you are selling a home, make sure you’re list price is at or below market value to ensure that your home sells within a reasonable amount of time. Keep up with the maintenance of your home – don’t let it look run down or outdated, or the value will drop and buyers will walk past.

 

Homes are taking longer to sell than they did last summer. In July, 2013, the average Days on Market was 71 days and in January, 2014, that number had increased to 113 days. If you want to buy a home, this may be the best time for you!

 

For more information on selling a Union home:

If you’re considering selling your Union home, call us today for a free comparative market analysis of your home.

Image

For more information on Union Real Estate:

Big range of homes for sale in Union

Union, NJ, is home to nearly 57,000 people. It occupies northern Union County in the area that was called Connecticut Farms in the 18th Century. 

There are six primary (PreK-4) schools: Battle Hill SchoolHannah Caldwell SchoolConnecticut Farms Elementary SchoolFranklin SchoolLivingston SchoolWashington SchoolCentral Five-Jefferson School serves grade 5, and Burnet Middle School and Kawameeh Middle School serve grades 6 though 8. Union High School serves 2400 students in grades 9-12.

With 246 single family homes for sale in Union, there’s something for everyone. Prices range from to $84,900 $1,250,000 with property sizes from condos to 40 acre luxury properties. Inventory has dropped since the peak of spring, 2012, and has stayed relatively low for all of 2013. 

 

 

 

With lower inventory, prices tend to increase and that’s exactly what we’re seeing. The average sale price of a home in Union in December was $270,806, well above the average 2013 sale price of $257,398 and even higher than the average 2012 sale price of $234,427.

 

 

Sales are still sluggish compared to the rest of Union County. The average Union County home sold in 76 days in 2013, but the average home in Union Township sold after 109 days. While this is still an improvement over the 2012 average of 116 days, December 2013 was sluggish at 141 days.

 

For more information on selling a Union home:

If you’re considering selling your Union home, call us today for a free comparative market analysis of your home.

Image

For more information on Union 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: 

Image     

Image

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. 

 

Image

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. 

Image

 

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

Tag Cloud

Follow

Get every new post delivered to your Inbox.

Join 281 other followers

%d bloggers like this: