Making Your Real Estate Dreams Come True

Archive for May, 2014

What’s Up in Clark’s Real Estate Market?

Inventory:

There are currenly 67 homes offered for sale in Clark, slightly under the average for the past 12 months and 18 lower than April of 2013. Eight homes were sold in April, much fewer than last spring but showing a slow increase over the last few months.

Prices:

Average sale price April 2014 – $342,875

Average sale price April 2013 – $476,827

Average sale price March 2014 – $399,600

clark domTime to sell your home:

Homes are flying off the proverbial shelf in Clark this spring! The average home that sold in April was sold after only 25 days on the market – faster than any times since April of 2013 (24 days).  This is among the fastest turnarounds in Union County.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

Linden and Rahway Real Estate

linden and rahway inventory

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:

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