A great place to live and work

Posts tagged ‘home prices’

Buying or Selling a Home in Mountainside – July, 2015

Before you buy or sell a home in Mountainside, your first step is to understand how the real estate market is performing. Here’s what you need to know this summer.

Inventory: There are currently 50 single family homes offered for sale in Mountainside. This is an unusually low inventory for the beginning of summer. Low inventory sometimes results in an increase in prices. There were 8 homes sold in June in Mountainside.

mountainsideINVjune2015

Prices:

mountainsidePRICESjune2015

The average sale price of a home in Mountainside in June of 2015 was $698,681. This is 11% higher than the 12 month average of $625,728 and the highest June average of the past 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:

mountainsideDOMjune2015

Eight homes were sold in June in Mountainside and they were sold after an average of 55 days on the market, the fastest June sales in several years. The 12 month average in Mountainside is 63 days.

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

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

For more information on selling your home:

For more information on Mountainside Real Estate:

Not intended to solicit currently listed properties.

Advertisements

Buying or Selling a Home in Clark, NJ – July 2015

Clark, NJ is home to 15,000 people and was incorporated as a township in 1864. Clark was named for Abraham Clark, a signer of the Declaration of Independence.

Before you buy or sell a home in Clark, your first step is to understand how the real estate market is performing. Here’s what you need to know this summer.

Inventory:  clarkDOMjune2015

There are currently 54 single family homes offered for sale in Clark which is lower than we normally see in the summer. A lower inventory might boost prices. Twelve homes were sold in June, just under the 12 month average of 14 homes and lower than we normally see in June.

Prices:

clarkpricejune2015

The average home that sold in Clark in June was sold for $489,458, almost 20% higher than the twelve month average in Clark. 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: 

clarkINVENTORYjune2015

Homes sell quickly in Clark. In June, the average home sold after 75 days, a bit longer than the 12 month average of 61 days. 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 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:

What happens to home prices in Clark when inventory drops?

Clark, NJ is home to about 15,000  people. Students in Clark attend Frank K. Hehnly Elementary School or Valley Road Elementary School,  Carl H. Kumpf Middle School for grades 6 – 8, and Arthur L. Johnson High School for grades 9 – 12.

As of this morning35 homes are curently offered for sale in Clark This is significantly lower than Clark has seen in more than 2 years. Typically, this drives prices up as supply is not large enough to meet demand.

And that is exactly what we’re seeing. As inventory dropped, prices have risen. The average sale price in January of 2014 was $421,308, almost 22% higher than in January of 2012.

Home sales are slightly slower than they were in December, but January is typically a slow month for homes sales. The average sold home in Clark in January was sold after 62 days on the market, about one third faster than in January of 2012.

If you’re thinking of buying a home in Clark, here are the current listings. After you’ve chosen your favorites, contact us to schedule your showings!

If you’re thinking about selling your Clark home, get a free Comparative Market Analysis here.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

The Garwood Real Estate Market Report

Garwood is a borough in southern Union County and is home to roughly 7000 residents.  The 400 elementary students in Garwood all attend Lincoln School. Garwood high school students join Clark students at Arthur L. Johnson High School in Clark.

There are currently 6 homes offered for sale in Garwood, ranging in price from $245,000 to $379,000.  Two homes were sold in December which is about average for the year. Inventory fluctuates in such a small town – the peak inventory was 21 homes on the market in September of 2013. As spring nears, likely the inventory will increase.

 

 

Prices in Garwood appear to fluctuate more than they actually do. The low valleys you see in the graph are months when no homes were sold. The average sale price of a home in Garwood in December was $287,700, about 12% lower than the 2013 average. 

 

 

 

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 Garwood Real Estate:

The Westfield, NJ, Real Estate Market Report

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 currently 117 homes offered for sale in Westfield, about 20% lower than in October and nearly 50% lower than the summer’s inventory. Only 15 homes were sold in Westfield in November, compared to 63 that were sold in July.

 

 

 

While the inventory is down, prices in Westfield have been going up. The average price of a home sold in Westfield so far in 2013 is $759,218 but the average home sold in November was sold for $874,563. Compare that to the average home sold in 2012 which was $683,126 and you’ll see why homes in Westfield are in high demand.

 

For a list of all active properties available in Westfield today, please click here and click on “Search Homes.”

For a free market analysis of your home, please email us at TeamZuhl@gmail.com.

For more information on Westfield Real Estate:

Tag Cloud

%d bloggers like this: