The length of time it takes to sell your Union County home is dependent on several factors, the most important of which are:
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.
More great news – every single town in Union County had a faster average Days on Market in 2014 than in 2012.
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.
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!
Most real estate agents will offer you a free Comparative Market Analysis.
What is a Comparative Market Analysis?
A Comparative Market Analysis, or CMA, is not an appraisal but it serves as an estimate of the market value of your home. It’s a good indicator of what your home will likely sell for in the current real estate market.
Your home’s value is affected by its location and condition as well as by the conditions of the local real estate market. It is not affected by how much you owe on the house or how much money you’ve invested into the house.
How is a CMA calculated?
In a CMA, your property is compared to other recently sold properties of similar size and similar neighborhood.
We also compare the tax assessment of recently sold homes in your neighborhood to their sale price and calculate a assessed value to market value ratio for your neighborhood. Then, we can plug in your assessed value and determine a likely market value. ..
How can you get a CMA?
Most realtors will provide you with a CMA free of charge. Don’t hesitate to contact us at 908-917-4189 or at TeamZuhl@gmail.com for your free CMA today!
Buyers and sellers in Union, NJ, need to know the market details before they make any decisions. Here’s what you need to know this month about real estate market values in Union.
For an analysis of the data, please click here.
For more information, to browse listings, or to request a Comparative Market Analysis, please click here or call us at 908-917-4189.
Inventory: There are currently 38 homes offered for sale in Fanwood at an average list price of $459,500. Nine homes were sold in April. In 2013, the inventory got as high as 49 homes in May and as low as 25 homes in December.
Prices: There were nine homes sold in April at an average sale price of $402,000. The average sale price over the last 12 months was $409,622 with the highest in July of 2013.
Days on Market: March was sluggish in Fanwood with the average home selling after 111 days on the market. Things have certainly picked up in April when the average days on market was 72 days – still slower than the last 12 months average of 60 days.
What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today!
For more information on selling a home:
For more information on Fanwood Real Estate: