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Rahway Real Estate Market Report – August 2015

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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:

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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:

Buying and Selling a Home in Rahway – July 2015

Before you buy or sell a home in Rahway, 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 228 single family homes offered for sale in Rahway. This is slightly higher than previous years. Higher inventory sometimes leads to lower prices.

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Fifteen homes were sold in June in Rahway. This is much lower than we usually see in June.rahwaySOLDjune2015

Prices: The average home that sold in Rahway in June was sold for $234,739. This is the highest average sale price we’ve seen in Rahway since last summer and higher than the 12 month average sale in Rahway which is $209,872.rahwayPRICEjune2015

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 Rahway 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: Homes that sold in Rahway in June had been on the market for an average of 95 days. This is slower than we saw last summer when homes were selling iafter 43-55 days.

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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’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:

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

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

This winter, Rahway had 190 active listings and 36 sold listings. The average sale price this winter was $211,662 with the average home selling after 125 days.

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

Significantly more homes were sold this winter (36) compared to last winter (29).

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Inventory is slightly higher this year (190 listings) than last year (185).

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The average sale price in the first quarter of 2015 was $211,662 compared with an average sale price of $215,300 last year.

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The average home sold after 125 days this winter compared to 133 days in 2014.

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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 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.

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

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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.

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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!

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!

2014 Real Estate Market Update for Rahway, NJ

Happy New Year!  Rahway  has had several revitalization projects in recent years. Its population is just over 27,000. Students in Rahway are served by Grover Cleveland School,  Franklin School, Madison School, and Roosevelt School, Rahway 7th & 8th Grade Academy for grades 7-8 and Rahway High School for grades 9-12.

Before you buy or sell a home in Rahway, here’s what you need to know for 2014:

Inventory: There are currently 191 homes offered for sale in Rahway. The average active inventory in Rahway for 2014 was 214 homes – about 16% higher than 2013. Higher inventory helps to create a Buyers’ Market in which there are more homes than people interested in buying a home. This has the tendency to reduce prices. Homes that are priced closer to value and homes that are well maintained sell for more than comparable homes that are priced higher than value or are not as well maintained.

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Prices:

The average sold price of a home in Rahway in December was $247,190 compared to the yearly average sold price of $236,361. This reflects a 4% increase as compared to 2013. 

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Days on Market:

Homes that are well maintained and that are priced close to value will sell faster than homes that are less well maintained and homes that are priced too high. The average Days on Market in Rahway in December was 52 days – this is the fasted turn around in Rahway in several years. The 2014 average DOM was 85 days, 16% faster than 2013.

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What does this mean to you? If you are a homeowner or a homebuyer in Linden, it’s never been more important than now to have competent and professional representation. Team Zuhl is here to help you every step of the way. Contact us now for your free Comparative Home Analysis!

For more information on selling a home:

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

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