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Posts tagged ‘Linden’

The Spring Real Estate Market Report for Linden, NJ – May 2016

 LindenMAY2016

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 the Linden Real Estate Market:

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.

lindenDOMaugust15

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:

Linden Real Estate – August 2015

LINDENaugust15

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 Linden house?

DOMLindennfographic

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 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:

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

The Linden, 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 Linden’s real estate market is dead in the winter!

This winter, Linden had 232 active listings and 56 sold listings. The average sale price this winter was $210,638 with the average home selling after 102 days.

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

About the same number of homes were sold this winter (56) compared to last winter (57).

lindenSOLDfirstquarter2015

Inventory is higher this year (232 listings) than last year (213).

lindenINVfirstquarter2015

The average sale price in the first quarter of 2015 was $210,638 compared with an average sale price of $204,226 last year.

lindenPRICEfirstquarter2015

The average home sold after 102 days this winter compared to 118 days in 2014 and 143 days in 2013.

lindenDOMfirstquarter2015

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

For more information on selling a home

For more information on the Real Estate in Linden:

How long will it take to sell my Union County home?

The length of time it takes to sell your Union County home is dependent on several factors, the most important of which are:

  1. Location
  2. Condition
  3. Upgrades
  4. Marketing

The average Union County home that was sold in 2014 was sold after 66.6 days with the range in Days on Market from 50 days (Cranford) to 105 days (Linden).  Among the fastest towns were Fanwood with 51 days, Westfield with 53 days, and Garwood with 54 days. Among the slowest towns were Union with 96 days and Rahway at 85 days.

countydom2014

More great news – every single town in Union County had a faster average Days on Market in 2014 than in 2012.

countydom2012to2014

The county average showed that homes in Union County sold 14% faster in 2014 than in 2012. The biggest improvement in DOM were Rahway and Fanwood with a 33% decrease in time it takes to sell a home. The slowest improvement was in Linden which only showed a 5% decrease in time to sell a home.

countydom2014percentchange

How does this affect you? If you’re a homeowner, you can improve the length of time it takes to sell your home by improving its condition.  Another critical step is to choose a competent and professional agent who can market your home appropriately.

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

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