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Archive for January, 2013

What’s happening in the Scotch Plains Real Estate Market

 

Scotch Plains, NJ was famous in the Revolutionary War as the site of the Battle of Short Hills. It was also home of the first African American country club, the Shady Rest Country Club, now the site of the Scotch Hills Municipal golf course. It is now home to about 23,000 people, many of whom enjoy the ease of a short 45 minute commute to Port Authority via New Jersey Transit.

Students in Scotch Plains are served by the Scotch Plains-Fanwood Regional School District which includes five elementary schools, two middle schools, and Scotch Plains-Fanwood High School. Scotch Plains is also home to theUnion County Vocational Technical Schools and Union Catholic Regional High School. Union County College has a facility in Scotch Plains as well.

In Scotch Plains, 248 homes were sold in 2012 with sales peaking in the summer and resulting in a 43% decrease in inventory at the end of 2012 compared to the beginning of 2012. Only 101 homes are actively for sale  and this represents less than 4  months worth of inventory remaining in Rahway which is much lower than most of Union County. At the current rate of sales, it will take 3.7 months for the existing listings to sell.

 

 

List prices in Scotch Plains essentially increased about 8% over 2012. Sale prices, on the other hand, ended the year about 11% lower than they were in January.

 

 

Homes in Scotch Plains sold quickly this year. The average days on market of a home in Scotch Plains was less than 2 months over the summer and remains less than 3 months even at the end of the year.

 

 

If you’re thinking of buying a home in Scotch Plains or if you’re thinking of selling your home in Scotch Plains, you deserve a Realtor who understands the market and can get you the best deal. Please call us at 908-917-4189 for your personal consultation.

 

 

 

 

For more information on housing in Scotch Plains:

Shift in Scotch Plains Real Estate Market

How does the number of baths/beds affect sale price in Scotch Plains?

Free Market Report of Scotch Plains!

Scotch Plains Market Report

It made me wish I was 5 again

Scotch Plains Market Trends

11 Union County High Schools Make the Top 1000 List!

 

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Buying or Selling a home in Rahway? Here’s what you need to know!

Lots of commuters call Rahway, NJ home because commuting  to and from New York City from Rahway is a breeze. Rahway Train Station was renovated in 1999 and a new parking deck was built in 2005. A train ride from the Rahway Train Station to Penn Station in NYC takes about 40 minutes. Rahway is a city in southern Union County and is home to nearly 28,000 people.

The area was once the home of the Lenni Lenape Native Americans and the city was named for a local tribal chief whose name was Rahwack. The corner of St. Georges Avenue and Westfield Avenue  was the site where George Washington met troops from Elizabeth and Newark during the Revolutionary War.

Rahway public school children are served by four elementary schools, Rahway 7th and 8th grade Academy and Rahway High School.

In Rahway, 169 homes were sold in 2012 with sales peaking in September and resulting in a 20% decrease in inventory at the end of 2012 compared to the beginning of 2012. Only 182 homes are actively for sale  and this represents 9 ½  months worth of inventory remaining in Rahway which is much higher than most of Union County. At the current rate of sales, it will take 9 ½ months for the existing listings to sell.

 

List prices in Rahway essentially stayed the same through 2012. Sale prices, on the other hand, dropped about 15% in May, bounced back, and then dropped again in August and September, ending the year about 20% lower than they were in January.

 

 

If you’re thinking of buying a home in Rahway or if you’re thinking of selling your home in Rahway, you deserve a Realtor who understands the market and can get you the best deal. Please call us at 908-917-4189 for your personal consultation.

 

For more information on Rahway homes:

Attention Home Buyers – 483 Jensen in Rahway is no longer available!

How Team Zuhl Sold 483 Jensen Avenue in Rahway

JUST SOLD! 1010 Saint Georges Avenue, Rahway

2258 Elizabeth Avenue, Rahway – Price Reduced!

 How do additional bathrooms or bedrooms affect market value in Rahway?

1019 Saint Georges Ave in Rahway available for Rent

 Great Commercial Property available for Rent in Rahway

3 Bedroom home in Rahway offered for $214,900

Free Market Report of Rahway Homes!

Split Level in Rahway – Reduced Price!

168 Homes Sold in Rahway So Far This Year!

Rahway Market Trends

Rahway home for only 219,000

 

Kenilworth Real Estate Market – 2012 in Review

It’s been a busy year for the Kenilworth, NJ, real estate market.

Compared to our February2012, Kenilworth Marketing Report, things are looking very good, indeed, for Kenilworth home sellers.

For starters, let’s take a look at the inventory. Inventory in Kenilworth peaked this spring at 49 homes listed in April but ended 2012 slightly lower, with 34 homes on the market, than it began in January, with 38 homes on the market.

kenilworth active and sold listings

 

 

 

 

 

 

 

 

In terms of how quickly homes sell in Kenilworth, early summer was extremely fast, with homes selling after less than a month on the market in May and June, but late summer was very slow, with homes selling after more than 4 months on the market in September. Things did speed up a bit by the end of the year, ending 2012 with less than 80 days on market. This is still higher than the average in Union County.

kenilworth dom

 

 

 

 

 

 

 

 

Lots of fluctuations in list price in Kenilworth for the first half of the year reflect some seller uncertainty. With the market hopping around a bit, some sellers found that they were pricing too high and couldn’t find buyers who were interested. The second half of 2012 showed increased stability, and sale prices ended in Kenilworth 36% higher in December than they were in January of 2012.

 

kenilworth list price and sale price

 

 

 

 

 

 

 

 

Buyer urgency has increased in Kenilworth and is reflected in an increased Sale Price to List Price ratio at the end of the year. Buyers paid 93.8% of list price on average for the first half of 2012 but 97.1% of list price on average for the second half of the year. Stabilized list prices and inventory contributed to this.

 

kenilworth list price and sale price

 

 

 

 

 

 

 

If you’re interested in buying a Kenilworth home or in selling your Kenilworth home, Team Zuhl is here to help you get the best deal. Call us at 908-917-4189 to arrange your personal consultation.

Hey Clark – Was your New Years Resolution to join a Gym?

Of the 45% of Americans who made resolutions this year, the top New Year’s Resolution was, in 2013, the same as it has been for years – to lose weight, amounting to 37% of all of the resolution makers. Historically, less than half of all resolution makers actually keep their resolution after 6 months. Are you one of them?

Stretching And Exercising

If you are, here are 2 gyms in Clark you might want to check out:

Bally Fitness is located at 140 Central Ave in Clark and is open the following hours:

Monday through Friday – 5:30am to 10:00pm

Saturday and Sunday – 8:00am to 6:00pm

Bally’s has cardio equipment such as stationary bikes, treadmills, stair machines, etc,  group classes, a boxing ring, a pilates studio, yoga, and personal training available. They also have strength training equipment such as machines and free weights. Want to check it out? Click here for a free guest pass to Bally Fitness!

Retro Fitness is located at 225 Terminal Ave in Clark and is open the following hours:

Monday through Friday – 5:00am to 10:00pm

Saturday and Sunday – 7:00am to 7:00pm

Retro is currently offering a promotional monthly fee of $19.99 and an online fitness tracker with lifestyle menus and exercise plans.

Click here for a free guest pass to Retro Fitness!

There is certainly no excuse now, Clark, so get out there and make your New Year’s Resolution happen!

 

 

How Team Zuhl sells houses

soldConsistently, we get homes in Union County sold faster than average – even homes that expired under other agents.

How does Team Zuhl get this done?

  1. We hold at least one broker’s open house and invite agents from our office and from other offices in the area. This increases your home’s exposure as each agent can speak of your home to their clients.
  2. We hold at least one public open house which we market extensively.
  3. We write public blog postsFacebook statuses, and Twitter feeds marketing the property for as long as it takes.
  4. We market the home verbally with other agents, pointing out the features and location of the home so that agents could bring their buyers to see it.
  5. We publish virtual tours  on YouTube to maximize exposure.
  6. We used enhanced listings on ZillowRealtor.com, and Trulia to increase appeal, attention, and visibility.

You home can be sold quickly, too, with proper marketing. Call Team Zuhl at 908-917-4189 for more information!

JUST SOLD! 1473 Burnet Avenue, Union

JUST SOLD!

1473 Burnet Ave, Union is a beautiful ranch with a bright and airy floor plan. Walk into a foyer which leads to a sunlit living room.  The kitchen leads to three bedrooms and 2 full baths. The home also features a great backyardand tons of garage and basement storage.

This charming home in Union sold for $210,000.

If you have a property and you want to get it sold, call Team Zuhl at 908-917-4189. Everything we touch turns to sold!

For more information on Union, NJ, properties:

Real Estate Market Looking Up In Union, NJ – 10/26/12

How do additional bathrooms or bedrooms affect market value in Union? – 10/13/12

Virtual Tour of 1473 Burnet Avenue, Union – 09/17/12

Free Market Analysis of Union, NJ – 08/01/12

Union NJ Market Report for the First Half of 2012

Union NJ Marketing Trends – 03/18/12

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