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If you’re planning on buying or selling a home in the near future, one of the first steps you’ll take is learning about the real estate market. Here’s what you need to know about Cranford this month:

Inventory: There are currently 115 homes offered for sale in Cranford, ranging in price from $189,000 to $1,350,000 – certainly something for every budget. This is a typical Cranford inventory for early summer and it’s likely that inventory will drop by 30% or more by August as summer buyers find their new homes.

Prices: The blue line in this chart represents the average list price of homes in Cranford for the past few years and it’s easy to see that there’s been a slow and gradual increase. cranjune

The sales price is represented in red and the trend is much less obvious. It’s easier to see the trend when looked at this way:

  • Average sale price June 2014 – $491,370
  • Average sale price June 2013-June 2014 – $416,468
  • Average sale price June 2012-June 2014 – $400,635

While not a marked or dramatic increase, there is a definite upward trend in prices.
Homeowners who want to sell their home for the most money should be sure that their home is in competitive condition – that means that all repairs and updates are complete and the house is immaculately clean. Proper marketing will help to expose the home to the most possible buyers.

For this month’s infographic, please click here:cranf4th

For more information on selling your home:

For more information on Cranford Real Estate:

 

 

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Comments on: "Cranford’s Real Estate Market Report – July 2014" (2)

  1. […] an increase in value over the past 18 months – most notably Rahway, Springfield, Clark , Cranford, and Mountainside – and some towns are seeing a decrease in value over the past 18 months […]

  2. […] Union, Rahway, and Garwood took much longer than the average Union County home to sell. Homes in Cranford, Mountainside, Westfield, and Clark were the fastest sellers in Union County for the first half of […]

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