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Posts tagged ‘Westfield’

What’s up with Westfield’s Real Estate Market?

One of the hottest towns in Union County is Westfield. Great schools, fantastic downtown shopping and restaurants, and an easy commute to NYC make it one of the most sought after towns for home buyers.

To find out how much your home in Westfield is worth, please click here. To search for a home in Westfield, please click here.

For more information on Westfield Real Estate:

Westfield Prices down

The town of Westfield in Union County is home to more than 30,000 people and is well-loved for its downtown shops and easy access to NYC. Students in Westfield attend the Westfield Public School system.

 

 

There are currently 56 homes offered for sale in Westfield.  This is the lowest inventory Westfield has seen in years. As inventory drops, prices often rise, so buyers need to act fast if they want in! 

 

Prices have held stead in Westfield with a few bumps this fall. As prices recover, the average sale price in January was $634,893 which is 21% lower than in December of 2013 and about 10% lower than January 2013.

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To find out how much your home in Westfield is worth, please click here. To search for a home in Westfield, please click here.

For more information on Westfield Real Estate:

Buying a Home in Westfield

The town of Westfield in Union County is home to more than 30,000 people and is well-loved for its downtown shops and easy access to NYC. Students in Westfield attend the Westfield Public School system.

 

There are 51 homes offered for sale in Westfield this weekend, ranging in price from $179,000 to $2,250,000. There were 24 homes sold in December, just slightly lower than the 31 homes sold in an average month.

 

 

 

 

The average sale price of a home in Westfield in December was $802,213, still well above the average for 2013 of $762,802. Homes continue to be a great value, and Westfield remains the Union County town with the highest home value.

 

 

 

The average home in Westfield sold after 61 days in December, just slightly longer than the 2013 average of 59 days. Westfield is the Union County town with the fastest selling homes.

 

 

 

 

To find out how much your home in Westfield is worth, please click here. To search for a home in Westfield, please click here.

For more information on Westfield Real Estate:

Is YOUR Union County town one of the 50 safest towns in NJ?

Four Union County towns made the list of the 50 safest towns to live in New Jersey, according to NJ.com.

Ranking at #33 was Scotch Plains, #34 was Cranford, #36 was Westfield, and #44 was Summit.

The criteria for determining the safety of a town were the 2011 FBI crime data in conjunctoin with local safety initiatives and security programs.

 

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!

The Westfield, NJ, Real Estate Market Report

The town of Westfield in Union County is home to more than 30,000 people and is well-loved for its downtown shops and easy access to NYC. Students in Westfield attend the Westfield Public School system.

 

 

 

There are currently 117 homes offered for sale in Westfield, about 20% lower than in October and nearly 50% lower than the summer’s inventory. Only 15 homes were sold in Westfield in November, compared to 63 that were sold in July.

 

 

 

While the inventory is down, prices in Westfield have been going up. The average price of a home sold in Westfield so far in 2013 is $759,218 but the average home sold in November was sold for $874,563. Compare that to the average home sold in 2012 which was $683,126 and you’ll see why homes in Westfield are in high demand.

 

For a list of all active properties available in Westfield today, please click here and click on “Search Homes.”

For a free market analysis of your home, please email us at TeamZuhl@gmail.com.

For more information on Westfield Real Estate:

Analyzing School Ratings

How’s your school doing?

Among other factors, home values are directly linked to schools. Great schools bring up the prices of homes, and bad schools bring down the prices.

If you haven’t seen the news, this year’s School Ratings by Inside New Jersey has been published. Inside New Jersey is not the only school rating system but it is the first to publish their results this year.

Inside New Jersey used 4 years of data to evaluate schools. The criteria they used were the HSPA (High School Proficiency Assessment) and SAT (Scholastic Aptitude Test) results. Each school was given a letter grade – A, B, C or D. They didn’t score schools the way you would predict – in other words, a score of “A” isn’t the best. A score of A means, according to  Inside New Jersey, “above average score, below average growth,” whereas a B means “above average score, above average growth.” A C means “below average score, below average growth” and a D means “below average score, above average growth.”

Here are the scores:

School Town SAT 08 score 12 score Pct Change Grade
Union Cty. Magnet Hs Scotch Plains 1940 396.8 427.8 7.80% B
Academy For Information Technology Scotch Plains 1763 358.9 397.6 10.80% B
Westfield High School Westfuekd 1741 358.7 377.9 5.30% B
Summit Senior H.S. Summit 1713 351.5 369.9 5.20% B
New Providence H.S. New Providence 1742 368.7 368.4 -0.10% A
Governor Livingston H.S. Berkeley Heights 1667 351.3 360 2.50% A
Scotch Plains-Fanwood H.S Scotch Plains 1591 337 354.7 5.20% B
Cranford Senior H.S. Cranford 1606 343.2 353 2.90% A
Union Cty. Vo-Tech Hs Scotch Plains 1510 319.8 347.1 8.50% B
Jonathan Dayton Springfield 1535 320.6 331.1 3.20% A
Arthur L. Johnson Clark 1497 318.3 325.7 2.30% A
Roselle Park High School Roselle Park 1396 285.3 317.5 11.30% B
David Brearley Hs Kenilworth 1398 297.5 299.1 0.60% D
Rahway H.S. Rahway 1291 248.8 277.2 11.40% C
Union Sr High Union 1358 269.9 277 2.60% D
Linden H.S. Linden 1268 243.6 261.3 7.30% C
Hillside H.S. Hillside 1232 227.2 246.2 8.40% C
Abraham Clark H.S. Roselle 1188 220.7 232.5 5.30% C

When these scores are correlated to home values, the average value of a home in an A school district is $519,660. The average value of a home in a B district is $482,271. The average home in a C school district is valued at $280,825 and the average home in a D school district is valued at $361,800.

For more information on schools in Union County, click here. For more information on home values, click here.

Mid-Year Real Estate Market Reports for Union County

When you’re considering buying or selling a home in Union County, you need the most up-to-date information about sales prices and inventory.  Here are the latest market reports for the towns in Union County:

When you’re ready to buy or sell a home in Union County, call Team Zuhl!

Summer Reading

Summer is half over.

While you’re enjoying the sun and sand and warm nights, don’t forget that students have summer reading to do. Here’s a roundup of all the summer reading for Union County students:

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