A great place to live and work

Posts tagged ‘buy my home’

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:

Advertisements

What’s Up in the Cranford Real Estate Market? Inventory!

cranford prices

Inventory: There are currently 88 single family homes offered for sale in Cranford including this beauty on Hory Street.  Twelve homes were sold in March for a total of 42 homes sold so far this year.

cranford inventory

Prices:  The average home in Cranford sold for $318,054 in March, 9% lower than in March of 2013 and 14% lower than March of 2012.

For more information on Cranford Real Estate:

What’s going on in the Springfield, NJ Real Estate Market?

The Township of Springfield, NJ, is home to nearly 16,000 people and is the home of Baltrusol Golf Club. It is also the location of the Battle of Springfield which was the last battle of the Revolutionary War.

 

Homes in Springfield are selling more quickly now as compared to last year. The average home that sold in Springfield in November sold after only 51 days, much faster than the 111 days it took to sell a home a year ago. 

 

 

 

Prices in Springfield are also rising. The average home that sold in Springfield in November sold for $389,931, compared to an average price of $366,856 in 2012.

 

 

 

There are currently 78 homes offered for sale. This is the lowest inventory Springfield has held for over 2 years. Sales continue to be brisk with 16 homes sold in November compared to 12 in October and an average of 16 per month over the summer. To see a complete list of all homes offered for sale in Springfield, NJ, please click here.

 

 

f you have a home in Springfield that you’d like to sell, contact us for a free comparative market analysis!

 

For more information on Springfield, NJ:

The Rahway Real Estate Market Report

The Union County city of Rahway is a city that is in the midst of a renaissance and has had several revitalization projects in recent years. Its population is just over 27,000. Students in Rahway are served by Grover Cleveland School,  Franklin School, Madison School, and Roosevelt School, Rahway 7th & 8th Grade Academy for grades 7-8 and Rahway High School for grades 9-12.

Image

There are currently 179 homes offered for sale in Rahway – the lowest inventory since February and significantly lower than the average of 205 homes offered over the summer.

 

 

Twenty homes were sold in Rahway in November. The average sale price was $195,423. 

 

 

Homes in Rahway sold in November after an average of 108 days on the market. Over the summer, homes were selling after an average of 70 days.

 

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 Rahway Real Estate:

Tag Cloud

%d bloggers like this: