A great place to live and work

When you’re ready to begin thinking of buying or selling a home in Westfield, NJ, you need to understand the real estate market conditions. Here’s what you need to know this month.

Inventory: There are currently 218 single family homes offered for sale in Westfield, ranging in price from $119,000 to $4,995,000.  Thirty homes were sold in May – compared with the 41 homes that were sold in May, 2013, this is a sluggish start to the summer real estate market. Image

What does this mean for you?

If you’re selling your home in Westfield, do what you can to make your home stand out in the crowd. Be sure that your agent has a robust marketing campaign. Price your home competitively. Make any necessary repairs. 

Prices: Prices are up from last monthwhen they had taken quite a dive and the average sold price in May is about 13% higher than the six month average. 

 Image

 

  

 

For more information on Westfield Real Estate:

 

Advertisements

Comments on: "Inventory up in Westfield" (4)

  1. […] Rahway, and Union are among the lowest in the county as they were in 2012 and 2013. Likewise, Westfield, Mountainside, and Scotch Plains have had the highest real estate values in Union County in […]

  2. […] homes selling a full month quicker this year than last year. Clark , Kenilworth , Linden, and Westfield also sold more quickly this year. Scotch Plains and Rahway saw very slight gains in […]

  3. […] by 12.6% during this time period and Springfield increased by 9.9%. Lesser gains were seen by Westfield at 4/2%, Linden at 1.5% , and Union at […]

  4. […] 50 days (Cranford) to 105 days (Linden).  Among the fastest towns were Fanwood with 51 days, Westfield with 53 days, and Garwood with 54 days. Among the slowest towns were Union with 96 days […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: