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Posts tagged ‘homes’

Westfield Inventory up and Prices down

Before you buy or sell in Westfield, an important first step is to educate yourself on the market conditions. Team Zuhl has crunched the numbers for you and here’s what you need to know.

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For more information, to browse listings, or for your free Comparative Market Analysis, please contact us.

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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:

Linden, NJ, Real Estate Market Report

The city of Linden, NJ, is “Big enough to lead, small enough to care,” and about 41,000 people call it home.

 

The good news in Linden is that homes are continuing to sell more quickly than earlier this year. The average sold home in Linden in November was on the market for just 94 days, compared to 114 days in June of 2013 and 218 days in April of 2012. 

 

The inventory in Linden has dropped a little, but sales have remained relatively stable. There are currently 227 homes offered for sale, down from 264 in October and 253 in November of 2012. To browse all of the homes offered for sale in Linden, please click here. Twenty homes sold in Linden in November, up about 25% from November of 2012.

Sold prices in Linden are relatively stable – the average sold home in Linden was sold for $220,869 in November while the average sold home in October sold for $220,656. Slightly below the summer high of $233,670, prices remain higher than November of 2012 where the average home sold for  $217,813.

 

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 Linden Real Estate:

The Kenilworth Real Estate Market Report

Kenilworth continues to experience a strong real estate market with very little signs of slowing down for the winter. Currently, there are 34 homes listed for sale in Kenilworth. Seven homes were sold in October, compared to only 2 homes that were sold in October of 2012.

Prices in Kenilworth remain strong. The average list price of a home in Kenilworth was $312,414 and the average sale price was $349,497.

If you’re interested in purchasing a home in Kenilworth or the surrounding area, please see a complete list of homes at www.WayneZuhl.com. If you’re planning to sell your Kenilworth home, please call us at 908-917-4189 for a free comparative market analysis of your home.

For more information on Kenilworth Real Estate:

The Springfield, NJ, Real Estate Market Report

Springfield, NJ, is located in northern Union County and is home to roughly 15,000 people. New Jersey Monthly magazine ranked Springfield as the 85th best place to live in New Jersey.

All of Springfield’s public schools are named for notably Springfield residents. Students in Springfield attend Edward V. Walton Early Childhood Center for grades Pre-K to 2, James Caldwell Elementary School in grades 3-5, Thelma L. Sandmeier Elementery School for grades 6-8 and Jonathan Dayton High School for grades 9-12.  Springfield students also attend Saint James the Apostle School serving grades Pre-K through 8.

 

Springfield currently has 5.2 months of inventory. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. A Months of Supply of more than 5 months is what real estate professionals often call a “buyer’s market.” This means that there are more sellers than buyers in the area and homes are selling slower than they are being put on the market. Typically, this decreases prices.

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There are 109 homes for sale in Springfield today. Fifteen were sold in September.

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The average sale price in Springfield in September was $443,574. This is 11% higher than the average sale price in September of 2012.

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To see a complete list of all homes offered for sale in Springfield, NJ, please click here.

If 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:

 

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