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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.

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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.

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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.

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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:

Just Listed – 1 BR condo in Roselle Park for $110,000!

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28A West Roselle Avenue, Roselle Park

This 1 bedroom, first floor unit features hardwood floors, lots of closet space and is convenient to shopping and mass transit.  A garage space and off street parking are avaialable.  Maintenance is $235 per month.

This is a short sale.  

List price is only $110,000.

Buying a Home in Westfield

The town of Westfield in Union County is home to more than 30,000 people and is well-loved for its downtown shops and easy access to NYC. Students in Westfield attend the Westfield Public School system.

 

There are 51 homes offered for sale in Westfield this weekend, ranging in price from $179,000 to $2,250,000. There were 24 homes sold in December, just slightly lower than the 31 homes sold in an average month.

 

 

 

 

The average sale price of a home in Westfield in December was $802,213, still well above the average for 2013 of $762,802. Homes continue to be a great value, and Westfield remains the Union County town with the highest home value.

 

 

 

The average home in Westfield sold after 61 days in December, just slightly longer than the 2013 average of 59 days. Westfield is the Union County town with the fastest selling homes.

 

 

 

 

To find out how much your home in Westfield is worth, please click here. To search for a home in Westfield, please click here.

For more information on Westfield Real Estate:

Old Bridge Townhouse for sale!

117 Heywood Court

Old Bridge, NJ

  • This 3 bedroom, 2 1/2 bath townhouse has a gas fireplace in the living room, a private patio off sliders in the dining room, and a cozy kitchen. It has a 1 car garage, partially finished basement with a laundry room, and a master bedroom with a walk in closet and a master bath.
  • Offered by Hallmark Realtors and Team Zuhl for $229,900!
  • Call us at 908-917-4189 for your private showing.

Beautiful, affordable townhouse in Clark

team zuhl and hallmark realtors are proud to present.....

35 School Street, Clark, NJ

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  • This bright open townhouse features lots of updates.
  • In move in condition.
  • Partially finished basement,
  • Walk-in-closet.
  • New HWH.
  • 2 bedrooms, family room, LR/DR, 1 1/2 bath
  • Near shopping, restaurants and very easy access to the Parkway. 
  • Offered by Team Zuhl and Hallmark Realtors for $229,000.
  • Call 908-917-4189 today!
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