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Posts tagged ‘2014’

Union County Mid-Year Real Estate Market

The first half of 2014 is over and it’s a good time to analyze the real estate market and see how it’s changed from last year to this year.

The average Union County single family home sold for $392,644 during the first half of 2014. Some towns were significantly higher and some were significantly lower.
avgsaleprice1sthalf2014

It’s typical that Linden, 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 previous years.

 

When we compare each town to the last half of 2013 and the first half of 2013, we see a different picture emerging.

 

avgsaleprice1sthalf2014andearlier

 

Now we can look at each individual town and see that some towns are actually seeing 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 – Kenilworth, Westfield, Union, Garwood, Scotch Plains, Linden, and Fanwood.

What does this mean to you? If you live in a town where the prices are increasing, you’re in a good position if you want to sell your home. Buyers are willing to pay more this year than they were last year for your home. If you live in a town where the prices are decreasing, you’ll need to make sure that your home is in top showing condition and that it’s priced competitively to attract buyers.

Which towns were the biggest winners and the biggest losers?

percentchange1sthalf2014

 

 

Kenilworth was the town whose properties showed the largest decrease in value from the first half of 2013 to the first half of 2014 with a 10.5% decrease in home values. Westfield was close behind with a 7.6% decrease in home values and Union homes lost 5.5%.

Rahway homes had the biggest gain in home values with 2014 showing an average sale price of 14.3% higher than 2013. Springfield was also a big winner with a 14.2% jump. Clark saw a 12.2% increase and Cranford home prices increased by 8.4%.

When you’re ready to buy or sell a Union County home, please contact us for more information! 

 

 

Super Bowl Preparations Begin!

The Meadowlands in New Jersey, home of the Giants and the Jets, was the site of Disney On Ice up until today. There are no concerts scheduled for the Izod Center in the Meadowlands until after the Super Bowl. Now that the Jets, the Giants, and Disney has cleared out, preparations for the Super Bowl are underway!

Trucks have begun arriving, according to the New Jersey Sports and Exposition Authority. Broadcast trailers, food vendors, and security trailers are expected soon.

Next step – security fencing will be installed 300 feet around the perimeter of the Meadowlands rather than the typical 100 feet for regular events. This is considered a Level One security event and security is controlled by the Department of Homeland Security.

Fox Sports will begin doing their cabling work and moving in trailers soon.

Live racing at the Meadowlands track will end on January 22nd and the entire Meadowlands complex will go into a security lockdown on Monday, January 27th.

The last step is the Super Bowl signage and the field logos – that has to wait until we know the names of the teams who will be playing.

Everyone in North Jersey is getting excited to be hosting the first outdoor cold weather Super Bowl!

New Year’s Traditions

The Kiss

“Happy New Year!” everyone shouts and then kisses their significant other. Why?Image

Not kissing someone – anyone – at midnight is a surefire way to guarantee yourself a year of loneliness, according to tradition. Kissing someone may even ward off evil spirits.

No significant other? Anyone will do. But I know who I’m kissing.

Auld Lang Syne

This old Scottish song, which translates to “Old Long Ago,” is sung at midnight to ensure that we stay rooted in the past and remember our histories.

Black Eyed Peas and other foods

This traditional New Year’s Day food is eaten for good luck, especially financial good luck. Lentils can also be substituted, as well as other beans. Other New Year’s traditional foods include eating 12 grapes at midnight – one at each gong of the clock for each month of good luck – and buttered bread – placed outside your door to indicate that no one in your home will go hungry in the year to come. Parsley wards off evil spirits and pork is said to help each person embrace the challenges of the year ahead. If you can eat at least one Chinese long noodle without breaking it on New Year’s Day, then you’re sure to have a long life. Cornbread, which is the color of gold, guarantees financial success, as do any round breads.

Underwear

The color of the underwear you wear on New Year’s Eve will dictate the type of year you’re going to have. Yellow underwear means you’ll have a year full of prosperity (color of gold, you see). Red underwear means you’ll have a year full of love, romance, and passion. White guarantees peace, harmony, and happiness. Blue is for good health and tranquility. Green is for life, well-being, and nature. Pink is for luck in love.

New Year’s Day Activities

Whatever you do on New Year’s will set the tone for the year. If you engage in healthy activities, you’ll have a healthy year, and the opposite is also true.

Burn your Christmas Tree

The Dutch burn their Christmas trees and set off fireworks at midnight. This is to help get rid of the old and make room for the new.

 

What are you doing for New Years?

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