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How will the low housing inventory in Cranford affect you?

Buyers and sellers in Cranford need to understand the current real estate market in Cranford and be able to compare it to the past real estate market to identify any trends or patterns that may impact their home purchase or sale. This is what you need to know for August, 2016.

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Inventory: There are currently 99 single family homes offered for sale in Cranford, making this the lowest July inventory in several years.  Much of that is due to increased sales and the speed at which homes are getting taken off the market. There were 21 sold homes in July in Cranford which is also a little low for the summer.

Price: The average home that was sold in Cranford in July was sold for $472,081. This is the highest average sale price since July of 2015. Homeowners in Cranford continue to see a good return on their investment in Cranford real estate.

Days on Market: Homeowners who wish to sell their home quickly shold speak with their Realtor about an aggressive marketing campaign,  pricing their home competitively, and ensuring that the home is in optimal showing condition. The average sold home in Cranford was sold after 32 days, continuing the rapid sales we’ve been seeing in Cranford for the last several months. Home buyers who want to purchase a home in Cranford need to act quickly when they find the home they want!

If you’re planning on selling your Cranford home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Cranford, call us today!

For more information on Cranford Real Estate, please click here.

Cranford Real Estate Market Report – May 2016

cranford-may-2016-real-estate-market-report

If you’re planning on selling your Cranford home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Cranford, call us today!

For more information on Cranford Real Estate:

Clark Real Estate Market Update

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If you are a buyer or a seller interested in a home in Clark, New Jersey, please call Team Zuhl! We’re happy to help you in all of your real estate needs!

For more information on selling a home:

For more information on Clark and Clark Real Estate:

Cranford Real Estate News – October 2015

Cranford is a township in Union County that approximately 23,000 people call home.

There are currently 95 homes offered for sale in Cranford ranging in price from $179,000 to $1,299,000 – certainly something for everyone. Inventory is starting to drop which is normal in the autumn, but the blue trendline in the following graph shows that inventory over the last 3 years is rising. Eleven homes were sold in October – low compared to the previou 12 months but still increasing over the last 3 years as shown in the red trendline below.

 cranfordINVENTORYoct2015

The average sale price of a home sold in Cranford in October was $419,820, lower than the 12 month average of $444,545.

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Homes in Cranford continue to sell quickly. The average home in Cranford was sold after 32 days, faster than any other month since october of 2013 and significantly faster than the 12 month average of 52 days.

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If you’re considering listing your home for sale, it’s smart to be sure that it compares favorably to others on the market at this time. Make necessary repairs, perhaps even invest in small upgrades, and your home ay sell quicker and at a higher price.

If you’re planning on selling your Cranford home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Cranford, call us today!

For more information on selling your home:

 

For more information on Cranford Real Estate:

Cranford Market Report – August 2015

cranfordaugust15

If you’re planning on selling your Cranford home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Cranford, call us today!

For more information on selling your home:

 

For more information on Cranford Real Estate:

How long does it take to sell a home in Cranford, NJ?

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If you’re planning on selling your Cranford home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Cranford, call us today!

For more information on selling your home:

 

For more information on Cranford Real Estate:

Buying or Selling a home in Cranford – July 2015

Before you buy or sell a home in Cranford, you need to know how the real estate market has been performing. Here’s what you need to know this summer:

Inventory:

 cranfordINVjune2015

There are currently 132 homes offered for sale in Cranford. This summer has seen the highest inventory in Cranford in several years. Higher inventory sometimes leads to a decrease in prices. There were 22 homes sold in Cranford in June.

Prices: 

cranfordPRICESjune2015

The average price of a home sold in Cranford in June was $470,048. This is about 9% higher than the twelve month average sale price. May of 2015 had an average sale price of $510,020 which is the highest average sale price in several years. Sellers who want to get top dollar for their home will want to be sure that their marketing is on point and that their home is appropriately priced. Buyers who are looking for a bargain in Clark will want to do their research. When you find the home you want to buy, be sure that your offer is competitive because there are many multiple offer situations this summer.

Days on Market:

cranfordDOMjune2015

Homes in Cranford sell quickly. The average home that sold in Cranford in June was sold after only 32 days on the market, and the 12 month average in Cranford was 56 days on the market. Home sellers who are interested in selling their property quickly will need to be sure that the home is priced correctly. Overpriced homes sell much more slowly, if they sell at all. Condition also affects the speed at which a home will sell. Homes that are cleaner, more up to date, and in better condition will sell faster than others.

 

If you’re planning on selling your Cranford home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Cranford, call us today!

For more information on selling your home:

 

For more information on Cranford Real Estate:

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