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westfield nj real estate market: Westfield NJ Real Estate Market Report 2008 vs. 2009 - 02/02/10 02:13 PM
We've just released our latest market summary report for Westfield, NJ real estate. If you want to find out what happened with sales in 2009, or what your house might be worth now compared to a year ago check out our full blog article Westfield NJ Real Estate Market Report and see how we're looking in Westfield.
All in all, we ended the year just about flat on sales activity, but due to a surge in listing inventory, the average sales price in Westfield dropped about 10% in 2009, most of which occured in the first quarter.
 
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westfield nj real estate market: First Quarter New Jersey Real Estate Market Report - 04/15/09 08:12 AM
Here is blog #3 about the numbers in our area. I included most of the towns we service in Union, Essex, Somerset and Morris Counties, excluding the larger markets like Newark, Elizabeth and Plainfield.
In this report, we isolated just the first quarter of this year, and compared it to the first quarter of last year
Total Closed Sales Q1 2008 - 298
Total Closed Sales Q1 2009 195
This is a decline of 34% in total transactions.
This is a VERY drastic drop in sales from last year to this year. The good news is that 195 homes still sold. If you are … (0 comments)

westfield nj real estate market: Westfield NJ Real Estate Market Update - November 2008 - 11/17/08 03:32 PM
Here are the raw numbers for Westfield, NJ Real Estate for the Month Ending October 31, 2008.
Average Sales Price: $659,488
Average Days on Market: 48
Average List to Sale Price Ratio: 97%
Closed Transactions: 21
The sales activity declined sharply from prior months, as the financial news in September caused buyer activity to also decline sharply due to uncertainty, and a further tightening of the credit market. There were still a good number of closings for the fall, but I anticipate this 4th quarter total to be much less than a year ago. Check back for year over year comparisons, as well as quarterly comparisons, … (0 comments)

westfield nj real estate market: Westfield NJ Homes Report - Month Ending May 2008 - 06/05/08 01:41 PM
Westfield NJ continues to be a popular option for home buyers in our area, as the quality of schools, downtown shopping, and NYC transportation have kept demand high!
While prices are certainly off their highs of 2005, as you will see below, Westfield NJ Real Estate is still doing quite well in terms of market activity.
Check back next week for a year over year comparison.
Closed Transactions: 20
Average Sales Price: 694,025
Average Days on Market: 54
List to Sale Price Ratio: 96.9%
Check out the Numbers for Neighboring Cranford, by clicking HERE 
Thanks for reading!
Sean Carroll - Realtor, Team … (0 comments)