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Archive for October, 2013

The Union Real Estate Market Report

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. Nearly 57,000 people live in Union.

There are six primary (PreK-4) schools:

Central 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.

In September , there were 344 homes listed for sale and 31 homes sold. This results in a months supply of 6.7. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. A Months of Supply of less than 5 months is what real estate professionals often call a “seller’s market.” This means that there are more buyers than sellers in the area and homes are selling quicker than they are being put on the market. Typically, this increases prices. In September of 2012, the months supply was 9.4union months supply

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To browse the 344 homes offered for sale in Union, click here.

The average sale price in Union in September was $273,372. This is 17% higher than the average sale price in September of 2012.

union sale price

For more information on selling a home:

To see photos and descriptions of all of the homes currently offered for sale in Union, please click here.

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:

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The Springfield, NJ, Real Estate Market Report

Springfield, NJ, is located in northern Union County and is home to roughly 15,000 people. New Jersey Monthly magazine ranked Springfield as the 85th best place to live in New Jersey.

All of Springfield’s public schools are named for notably Springfield residents. Students in Springfield attend Edward V. Walton Early Childhood Center for grades Pre-K to 2, James Caldwell Elementary School in grades 3-5, Thelma L. Sandmeier Elementery School for grades 6-8 and Jonathan Dayton High School for grades 9-12.  Springfield students also attend Saint James the Apostle School serving grades Pre-K through 8.

 

Springfield currently has 5.2 months of inventory. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. A Months of Supply of more than 5 months is what real estate professionals often call a “buyer’s market.” This means that there are more sellers than buyers in the area and homes are selling slower than they are being put on the market. Typically, this decreases prices.

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There are 109 homes for sale in Springfield today. Fifteen were sold in September.

springfield active and sold

 

 

 

 

 

The average sale price in Springfield in September was $443,574. This is 11% higher than the average sale price in September of 2012.

springfield price

 

 

 

 

To see a complete list of all homes offered for sale in Springfield, NJ, please click here.

If you have a home in Springfield that you’d like to sell, contact us for a free comparative market analysis!

For more information on Springfield, NJ:

 

Open House today – 1937 Arbor Lane in Union, NJ

 

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Present

1937 Arbor Lane in Union, NJ

1937 Arbor Lane

Come and see this BEAUTIFUL 5 bedroom, 2.1 bath home. This home features custom hardwood flooring, fireplace, fenced in yard, covered deck, partly finished basement, and a huge eat in kitchen.  It has an in-law suite which features a living room, kitchen, 3 bedrooms and a full bath.  Living here you’ll have easy access to the Garden State Parkway, Routes 22 and 78 as well as the New Jersey Turnpike.

This home is listed for only $329,000.  Come by and take a look!

 

To see photos and descriptions of all of the homes currently offered for sale in Union, please click here.

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:

 

 

 

The Scotch Plains Real Estate Market Report

Scotch Plains, NJ is home to about 23,000 people in southern Union County. It was the site of the Battle of Short Hills during the  American Revolution. 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.

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.

New Jersey Transit passes through Scotch Plains and carries passengers to the Port Authority in Manhattan in about 45 minutes, making for an easy commute for Scotch Plains residents working in New York City.

There are currently 131 homes offered for sale in Scotch Plains. This is a 14% reduction in inventory since September of 2012. Decreased inventory usually results in an increase in prices.

scotch plains active and sold listings

The average sale price in Scotch Plains in September was $586,185.  As predicted, this is a 24% increase in sold price since September of 2012.

scotch plains sale price

Homes in Scotch Plains are selling quickly. The average home in Scotch Plains sold after 46 days on the market, significantly lower than the average home in Union County and 30% faster than September, 2012.

scotch plains dom

 

Team Zuhl is here to help you every step of the way. Please call or email us when you’re ready to get your home on the market! Good luck!

For more information on selling a home:

For more information on Scotch Plains Real Estate:

The Rahway Real Estate Market Report

Rahway, NJ  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.

There are currently 180 homes offered for sale in Rahway. This is an 18% reduction in inventory since September of 2012. To browse all Rahway listings, click here.

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The average sale price of a home in Rahway in September was $224,856 which is 33% higher than the average sale price in September of 2012.

rahway sale price and list price

 

 

 

 

 

Homes in Rahway sold after an average of 95 days on the market. This has been a fairly consistent number over the past 2 years.

rahway days on market

 

 

 

 

 

 

Team Zuhl is here to help you every step of the way. Please call or email us when you’re ready to get your home on the market! Good luck!

 

For more information on selling a home:

For more information on Rahway Real Estate:

 

Mountainside’s Real Estate News

New Jersey Monthly magazine ranked Mountainside as its 16th best place to live in its 2008 rankings of the “Best Places To Live” in New Jersey, as well as eighth in the 2010 list.

Currently, there are 43 homes offered for sale in Mountainside, representing a 14% decrease in inventory compared to September of 2012.

mountainside active and sold listings

The average home that sold in Mountainside in September sold for $734,339. This is 44% higher than average sales in September of 2012.

mountainside sale price and list price

Real Estate Professionals judge the strength of a real estate market based upon the Months of Supply in the area. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. A Months of Supply of 5 months is considered average – buyers and sellers are about equal in the area and homes are being bought at about the same rate that they are being put on the market. A Months of Supply of less than 5 months is what real estate professionals often call a “seller’s market.” This means that there are more buyers than sellers in the area and homes are selling quicker than they are being put on the market. Typically, this increases prices. A Months of Supply of greater than 5 months is what real estate professionals call a “buyer’s market.” This means that there are more sellers than buyers in the area and homes are sitting unsold for a while. Typically, this decreases prices.

Mountainside is currently experiencing a month’s supply of 3.38. Buyers may have a tough time getting in the market if they don’t act quickly.

mountainside months supply

If you’re interested in purchasing a home in Mountainside or the surrounding area, please see a complete list of homes at www.WayneZuhl.com. If you’re planning to sell your Mountainside home, please call us at 908-917-4189 for a free comparative market analysis of your home.

For more information on Mountainside Real Estate:

How’s Linden’s real estate market?

The city of Linden is home to about 40,000 people who 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.

Currently, there are 245 homes offered for sale in Linden. In September, there were 22 homes sold.

linden - active and sold listings

The average home sold in Linden in September sold for $221,739 after 85 days on the market. Not only is this much quicker than homes have been selling in Linden, it is also 15% higher than the average home sold in September of 2012.linden - average sale price and list price 

Real Estate Professionals judge the strength of a real estate market based upon the Months of Supply in the area. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past.

A Months of Supply of 5 months is considered average – buyers and sellers are about equal in the area and homes are being bought at about the same rate that they are being put on the market.

A Months of Supply of less than 5 months is what real estate professionals often call a “seller’s market.” This means that there are more buyers than sellers in the area and homes are selling quicker than they are being put on the market. Typically, this increases prices.

A Months of Supply of greater than 5 months is what real estate professionals call a “buyer’s market.” This means that there are more sellers than buyers in the area and homes are sitting unsold for a while. Typically, this decreases prices.

In Linden, the months inventory has been decreasing pretty steadily for the past 18 months.linden months of supply

Team Zuhl is here to help you every step of the way. Please call or email us when you’re ready to get your home on the market! Good luck!

For more information on selling a home:

For more information on Linden Real Estate:

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