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Real Estate Market Update for Linden, NJ – September 2015

Linden, New Jersey, is home to just over 40,000 people in southeastern Union County.

Before a buyer or seller begins a real estate transaction in Linden, the first step is to understand how the local real estate market is behaving. Before you list your home for sale, you need an accurate picture of how much it is worth. Before you begin looking at houses to buy in Linden, it’s important to know how much house you can afford.

Sales: Currently there are 300 homes offered for sale in Linden. The trend line for that past 3 years shows practically no change in inventory.  There were 25 homes sold in Linden in August. The trend line over the past 3 years also shows no change in sales. Since real estate is often a function of supply and demand, it’s important to note that the same number of homes are listed every month as are actually sold.

lindenINVENTORYaugust2015

Prices: The average sale price of a home sold in Linden in August was $231,081. Home prices have been increasing for several years. Lower mortgage rates and an increasing economy have helped boost prices in Linden even though the inventory remains high.

lindenPRICESaugust2015

Days on Market: People who are selling their house often have anxiety about maintaining their home in show-ready condition. Being constantly ready for a showing is stressful and most home sellers are eager to sell quickly – not only to relieve the anxiety of being on the market, but also to help them get to the next stage in their lives. Therefore, Days on Market can be an indicator of how long an average home will take from the day it is listed until the day it sells. In Linden, homes sold in August after an average of 81 days on the market.  The good news is that the overall trend in Linden is that homes are selling more quickly now than they were two or three years ago, although the improvement is very slow. The bad news is that homes sell slowest, typically, over the winter. Homeowners who want a quick sale have a small window of opportunity in the autumn before risking a longer time on the market.

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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!

For more information on selling a home:

For more information on the Linden Real Estate Market:

Real Estate Update for Clark Buyers and Sellers – August 2015

Clark, New Jersey, is home to nearly 15,000 people in souther Union County. In 2013, New Jersey Monthly magazine ranked Clark as 174th in its rankings of “Best Places To Live” in New Jersey.

If you are considering buying or selling a home in Clark, your first step is to understand the real estate market in Clark so that you can make an informed decision regarding how much a house is worth.

Sales: Currently there are 87 homes offered for sale in Clark. The trend line for that past 3 years shows a marked decrease in inventory. Since real estate is often a function of supply and demand, this trend shows that more buyers are interested in owning a property in Clark. There were 18 homes sold in Clark in August. The trend line over the past 18 years shows a slight increase in sales which helps to reduce the inventory even further.

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Prices: The average sale price of a home sold in Clark in August was $479,133. Home prices have been increasing for several years. Again, supply and demand plays a part in this. As more buyers become interested in Clark, Clark home sellers are able to see a larger sale price.

salepriceCLARKaugust15

Days on Market: People who are selling their house often have anxiety about maintaining their home in show-ready condition. Being constantly ready for a showing is stressful and most home sellers are eager to sell quickly – not only to relieve the anxiety of being on the market, but also to help them get to the next stage in their lives. Therefore, Days on Market can be an indicator of how long an average home will take from the day it is listed until the day it sells. In Clark, homes sold in August after an average of 45 days on the market.  The good news is that the overall trend in Clark is that homes are selling more quickly now than they were two or three years ago. The bad news is that homes sell slowest, typically, over the winter. Homeowners who want a quick sale have a small window of opportunity in the autumn before risking a longer time on the market.

clarkDOMaugust15

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:

How Long Will It Take To Sell Your House in Mountainside?

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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.

How long will it take to sell my house in Scotch Plains?

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

For more information on selling a home:

 

For more information on Scotch Plains Real Estate:

How long will it take to sell my house in Rahway?

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

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

How long will it take to sell my Linden house?

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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!

For more information on selling a home:

For more information on the Linden Real Estate Market:

How long will it take to sell my Fanwood house?

DOMFanwoodinfographicIf you are a buyer or a seller interested in a home in Fanwood, 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 Fanwood Real Estate:

How long will it take to sell a home in Clark, NJ?

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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:

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:

Clark Real Estate Market Report – October 2014

Did You Know? Clark, NJ, was incorporated as a township 150 years ago and was named for Abraham Clark who was a signer of the Declaration of Independence. In 2013, New Jersey Monthly magazine ranked Clark as 174th in its rankings of “Best Places To Live” in New Jersey.

Schools: Today, nearly 15,000 people call this suburban township home. Public school children in Clark are served by Frank K. Hehnly Elementary School, Valley Road Elementary School, Carl H. Kumpf Middle School, and Arthur L. Johnson High School.

If you’re thinking of buying or selling a Clark home, your first step is to educate yourself on current market conditions. Here’s what you need to know this month.


Inventory
: There are currently 58 single family homes offered for sale in Clark. Please click here to browse listings and then contact us for your private showings.

The inventory hasn’t yet begun its typical winter slow down. By this time last year, the inventory had dropped to about 70% of the summer high but this year we’re holding steady.

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Prices: 

Good news for sellers – as inventory is holding steady, so are prices. The average sale price of a home in Clark in October, 2014, was $459,300, slightly above the 12 month average of $415,162.

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Time on Market: 

Homes may be seling at the same price as they did all summer, but they are definitely selling more slowly. The average sold hom in October had been on the market for 75 days compared to 54 days in August.

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What does this mean to you?

When the inventory remains high through the autumn, prices tend to drop as sellers get anxious. Since prices have held steady through the autumn, this winter may see a drop as sellers agree to lower prices in order to end their increasingly long Days on Market. There are so many houses on the market that buyers really have their pick, but buyers need to be prepared to pay full price. Last year, prices really didn’t drop until February, and even then they never got as low as the previous summer.

If you want to sell your home, you need to price it competitively and keep it in top notch showing condition in order to stand out from the large pack.

What’s your next step?

If the time is right for you to buy or sell a home in Clark, Team Zuhl is here to help you every step of the way. Please give us a call at 908-917-4189.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

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