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Archive for December, 2014

Scotch Plains Real Estate Market Report – November 2014

A necessary first step to take before you buy or sell a Scotch Plains home is to learn about local real estate market trends. Here’s what you need to know this month.


Inventory: 
There are currently 148 single family homes offered for sale in Scotch Plains. While the inventory is dropping since the summer peak, there are still plenty of homes to sell. In November of 2013, there were 119 homes actively listed. The high inventory this year isn’t because homes aren’t selling – in fact, homes are selling quite quickly. There were 25 sales in Scotch Plains in November, nearly 3 times as many as there were in November of 2013. The high inventory this year is because  some homeowners who have postponing selling for a few years are finally feeling confident that their home values have returned.

scotchINVnov14


Prices: 
While prices continue to fluctuate in Scotch Plains, the trend is definitely upward. The average sale price in Scotch Plains in November was $499,324, about 4.5% higher than the 12 month average of $478,000.  The average list price in November was $605,318, also about 4.5% higher than the 12 month average. A corresponding increase in List Price is a direct result of increased homeowner confidence in home values.

scotchPRInov14


Days on Market: 
Homes continue to sell quickly in Scotch Plains and there is no evience that the slow Days on Market of 2012 will return. The average home the sold in Scotch Plains in November was sold after 59 days, slightly faster than the 12 month average of 62 days and significantly faster than the 2012 average of 86 days.

scotchDOMnov14

What this means to you: If you’re interested in selling your Scotch Plains home, your first step is a Comparative Market Analysis, which of course we are happy to provide free of cost or obligation. With a Comparative Market Analysis, we will show you what your property will likely sell for and offer suggestions to improve the value and sell it as quickly as possible.

If you’re interested in purchasing a Scotch Plains home, your first step is a mortgage pre-qualificiation. We’re happy to help connect you with a mortgage professional and begin helping you to find your new home. Feel free to peruse the homes offered for sale at WayneZuhl.com and let us know when you’re ready to start touring homes!

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:

Cranford Real Estate Market Report – November 2014

Cranford is a beautiful town located in central Union County.  About 23,000 people call Cranford home and New Jersey Monthly magazine ranked Cranford as its 34th best place to live in its 2010 rankings.

Before you buy or sell a home, it’s critical to understand local market conditions. Here’s what you need to know for November, 2014.

Inventory: 
There are currently 94 single family homes offered for sale in Cranford – the lowest inventory we’ve seen since spring. Twenty homes were sold in November which is 75% better than November of 2013 when only 12 homes were sold. cranfordinventorynov14

Prices: The average home sold in Cranford in November was sold for $442,900, well above the 12 month average of $417,445. There was some decrease in value over the early autumn but that seems to have corrected itself.

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Days on Market: 
Homes in Cranford continue to sell quickly. The average home that was sold in Cranford in November was sold after only 50 days on the market, faster than the 12 month average of 52 days. 

cranfordDOMnov14

What does this mean to you?

Home sales continue to be strong in Cranford, and no winter slow down is evident yet. Buyers will still find plenty of homes to choose from, and sale prices are reflecting some competition among buyers.

Team Zuhl is here to help you along of the way. Contact us when you’re ready to take the next step!

For more information on selling your home:

For more information on Cranford Real Estate:

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