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What is your Union County Home Worth?

Happy New Year, Union County!

With the new year comes new data, and one of the most compelling numbers we’ve crunched this week has been the change in prices from 2012 to 2014.

County-wide, the average home in Union County sold for 3.9% more in 2014  than the average home in 2012. Not every town, however, saw an increase and some towns were bigger winners than others. Garwood is the biggest winner over the past 2 years – the average sale price of a home in Garwood increased by 40% from 2012 to 2014. Also on the winner’s board was Clark with a 16.3% increase. Mountainside saw a 14.7% increase in prices and Rahway is up by 14.5%. Fanwood home prices increased by 12.6% during this time period and Springfield increased by 9.9%. Lesser gains were seen by Westfield at 4/2%, Linden at 1.5% , and Union at 0.8%.

Three Union County towns saw decreases in home values when 2014 average home sales were compared to 2012. Cranford homes lost 0.5% value, Scotch Plains lost 1.8% value and Kenilworth comes in with the biggest loss of 9.4%.

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What is your home worth? A home’s value is dependent on many things including location, condition, upgrades, and marketing. The average home in Union County in 2014 was sold for $403,443. In 2014, homes in Westfield were the highest valued homes in Union County. The average Westfield home that was sold in 2014 was sold for $711,933. Mountainside wasn’t far behind with an average price of $605,184. In the middle of the pack were Scotch Plains, Fanwood, Clark, and Springfield with average sale prices in the $400k range. Cranford, Garwood, and Kenilworth all had average sale prices in the $300k range and Union, Rahway, and Linden had average sale prices in the $200k range.

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

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Preparing Your Home To Sell

You only get one chance to make a good first impression. Here’s how to make sure that your home’s first impression is a great one!

There are 3 factors you need to consider when you list your home for sale:

1. Location – Where your home is located has the biggest impact on how quickly your home will sell and an important first step in selling a home is to study the real estate market conditions in your area. Please contact us for the most recent real estate market reports for your neighborhood or go to TeamZuhl.com. Your real estate professional will also help you to compare your home with others like it to see what the market value of your home is. This is called a Comparative Market Analysis.

2. Marketing – Not all real estate professionals are equal. Choose the agent that you trust to do the best job in marketing your home.

3. Condition – Only you can control the condition of your home. Prospective buyers who tour your home and are comfortable in your home will be more likely to buy it. To prepare your home for sale, you’ll want to make sure that all routine maintenance is up to date. Then, remove all clutter as best as you can. Store, sell, or dispose of everything you don’t want to make your home the most appealing to prospective buyers.

The steps you need to take to make sure your home is in an appropriate condition to show at its best, please go to HallmarkVideos.com and watch the free video named “Preparing Your Home To Sell.”Image

 

As always, if there’s anything Team Zuhl can do to help you get your home ready to sell, we’re just a phone call away!

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