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Scotch Plains Real Estate News – November 2015

Scotch Plains is a township in south western Union County. It is home to nearly 24,000 people.

There are currently 168 homes offered for sale in Scotch Plains, ranging in price from $184,995 to $1,888,000 – something for every budget. Twenty homes were sold in October, slightly lower than the 12 month average of 28 homes.

Homes in Scotch Plains were sold in October after an average of 63 days on the market. The average sale price was  $610,389, significantly higher than the 12 month average of $512997.

scotchplainsnov2015

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:

Cranford Real Estate News – October 2015

Cranford is a township in Union County that approximately 23,000 people call home.

There are currently 95 homes offered for sale in Cranford ranging in price from $179,000 to $1,299,000 – certainly something for everyone. Inventory is starting to drop which is normal in the autumn, but the blue trendline in the following graph shows that inventory over the last 3 years is rising. Eleven homes were sold in October – low compared to the previou 12 months but still increasing over the last 3 years as shown in the red trendline below.

 cranfordINVENTORYoct2015

The average sale price of a home sold in Cranford in October was $419,820, lower than the 12 month average of $444,545.

cranfordPRICESoctober2015

Homes in Cranford continue to sell quickly. The average home in Cranford was sold after 32 days, faster than any other month since october of 2013 and significantly faster than the 12 month average of 52 days.

cranfordDOMoctober2015

If you’re considering listing your home for sale, it’s smart to be sure that it compares favorably to others on the market at this time. Make necessary repairs, perhaps even invest in small upgrades, and your home ay sell quicker and at a higher price.

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

For more information on selling your home:

 

For more information on Cranford Real Estate:

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.

Buying or Selling a Home in Linden – July 2015

Before you buy or sell a home in Linden, 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 279 single family homes offered for sale in Linden. This is a higher inventory than we normally see in June. Increased inventories tend to cause a decrease in prices.

lindenINVjune2015

There were 21 homes sold in June of 2015.

lindenSOLDSjune2015


Prices
: The average price of a home sold in Linden in June was $224,043. about 4% higher than the 12 month average of $215,276.

lindenPRICEjune2015
Sellers who want to get top dollar for their Linden 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 Linden 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:

lindenDOMjune2015

Homes that sold in Linden in June sold after an average of 124 days on the market, significantly higher than the 12 month average of 98 days.

Home sellers who are interested in selling their Linden 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!

For more information on selling a home:

For more information on the Linden Real Estate Market:

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:

The Fanwood, NJ, Real Estate Market Report for First Quarter, 2015

The Fanwood, NJ, Real Estate Market Report for First Quarter, 2015

Winter is the slowest time in Union County Real Estate. Not only do homes take longer than average to sell in the winter, they also sell for less in the winter than they do the rest of the year.

But don’t think for even one moment that Fanwood’s real estate market is dead in the winter!

This winter, Fanwood had 32 active listings and 13 sold listings. The average sale price this winter was $462,885 with the average home selling after 76 days.

How does the winter of 2014-15 compare with previous years?

More homes were sold this winter (13) than last winter (10).

fanwoodSOLDfirstquarter2015

Inventory is higher this year (32 listings) than last year (26).

fanwoodINVfirstquarter2015

The average sale price in the first quarter of 2015 was $462,885 compared with an average sale price of $386,450 last year.

fanwoodPRICEfirstquarter2015

The average home sold after 76 days this winter compared to 73 days in 2014.

fanwoodDOMfirstquarter2015

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

For more information on selling a home

For more information on Fanwood 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.

scotchINVnov14


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.

scotchPRInov14


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.

scotchDOMnov14

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:

Cranford Real Estate Market Report – November 2014

Cranford is a beautiful town located in central Union County.  About 23,000 people call Cranford home and New Jersey Monthly magazine ranked Cranford as its 34th best place to live in its 2010 rankings.

Before you buy or sell a home, it’s critical to understand local market conditions. Here’s what you need to know for November, 2014.

Inventory: 
There are currently 94 single family homes offered for sale in Cranford – the lowest inventory we’ve seen since spring. Twenty homes were sold in November which is 75% better than November of 2013 when only 12 homes were sold. cranfordinventorynov14

Prices: The average home sold in Cranford in November was sold for $442,900, well above the 12 month average of $417,445. There was some decrease in value over the early autumn but that seems to have corrected itself.

cranfordpricesnov14


Days on Market: 
Homes in Cranford continue to sell quickly. The average home that was sold in Cranford in November was sold after only 50 days on the market, faster than the 12 month average of 52 days. 

cranfordDOMnov14

What does this mean to you?

Home sales continue to be strong in Cranford, and no winter slow down is evident yet. Buyers will still find plenty of homes to choose from, and sale prices are reflecting some competition among buyers.

Team Zuhl is here to help you along of the way. Contact us when you’re ready to take the next step!

For more information on selling your home:

For more information on Cranford 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.

clarkinvoct14

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.

clarkpricesoct14

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.

clarkdomoct14

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:

Real Estate Market Conditions – Clark, NJ – August, 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.

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 83 homes offered for sale this month in Clark. Prices range from $179,000 to $1,050,000. Inventory is up this month which is normal for the end of the summer. There were 18 homes sold in August – slightly slower than earlier in the summer.

clarkinventoryaug14


Prices: 
 The median sale price in Clark in August was $359,500, down from July’s median of $393,950, and slightly below the 12 month median of $368,407. List prices continue to rise. August’s median list price was $425,000, up from July’s median of $399,333 and above the 12 month average of $420,807.

clarkpricesaug14


Time on Market: 
The average sold home in Clark in August was sold after 54 days on the market – slower than July’s DOM of 40 days and just under the 12 month average of 55 days.

clarkdomaug14

What does this mean to you? The summer market appears to be coming to an end. The homes that were in market-ready condition and that were priced to sell were sold over the summer, but the summer has ended strongly. Even though inventory is dropping, there are still some beauties left so buyers arriving late to the market still have some opportunities. Sellers who want to sell their homes this winter will have to have a strong marketing campaign, great pricing, and be market ready in order to appeal to the decreased number of buyers in the market right now.

For more information on selling a home:

For more information on Clark and Clark Real Estate:

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