Fanwood New Jersey's Monthly Multifamily Property Market Analysis - 03/17/07 09:18 PM
Fanwood has very few multifamily properties, so it stands to reason that there are few available for sale. However, what Fanwood lacks in numbers it more than makes up for in character and charm.
There were two properties available for sale in January, with an average list price of $762,400.  The average days on market were roughly 38.. Interestingly enough, there was 1 new listing with a sales price of $749,900. No multifamily properties went under contract in January for either year. Neither 2006 or 2007 had closed sales in January.
Fanwood is one of the few communities in New Jersey where properties are selling … (0 comments)

Fanwood New Jersey's Monthly Residential Property Market Analysis - 03/17/07 08:58 PM
Nestled in the borders of Scotch Plains, is the sleepy little borough of Fanwood. As you can imagine there isn't much turnover here.
However, there were 46 residential properties for sale in January 2007 with an average price of $490,613, most of which had lingered on the market for a little over two months.
During the month 20 new listings were introduced to the market with an average list price of $458,060. This same period 10 residential properties went under contract. The average list price of the properties with offers was was 6.25% less than those that just came on the market, at … (0 comments)

Plainfield New Jersey's Monthly Residential Property Market Analysis - 03/17/07 08:38 AM
The city of Plainfield was formed by 1869. The first railroad line through Plainfield was established in 1884. The first Western Union office was opened in 1862.
Fast forward to January 2007 and this City is one of the most architecturally rich residential communities in central new jersey.
There were 305 residential properties for sale in January 2007 with an average price of $365,153, most of which had lingered on the market for a little over three months.
During the month 71 new listings were introduced to the market with an average list price of $331,014. This same period 17 residential properties went … (1 comments)

Plainfield, New Jersey's Monthly Multifamily Property Market Analysis - 03/17/07 08:23 AM
Plainfield has many multifamily properties, so it stands to reason that there are quite a few available for sale. As in Scotch Plains, so here in Plainfield you find that the multifamily homes afford their owners the same rich architectural detail enjoyed by owners of single family residences.
There were 138 properties available for sale in January, with a list price of $407,875. That's higher than 2006 by about 4%. The days on market was 98, 44% less than 2006 for the same period. There were 37 new listings in January,  9 more than 2006. seven multifamily properties went under contract in January, five less than … (0 comments)

Scotch Plains New Jersey's Monthly Multifamily Property Market Analysis - 03/16/07 10:08 PM
Scotch Plains has very few multifamily properties, so it stands to reason that there are few available for sale. However, what Scotch Plains lacks in numbers it more than makes up for in character and charm. the multifamily homes afford their owners the same rich architectural detail enjoyed by owners of single family residences.
There was only two properties available for sale in January 2007, with an average list price of $399,000. That's considerably lower than 2006 by about 22%. The days on market was 128, 26% less than 2006 for the same period. Interestingly enough, there was one listing in January 2007 … (3 comments)

Westfield New Jersey's Monthly Multifamily Property Market Analysis - 03/16/07 10:07 PM
Westfield has very few multifamily properties, so it stands to reason that there are few available for sale. However, what Westfield lacks in numbers it more than makes up for in character and charm. the multifamily homes afford their owners the same rich architectural detail enjoyed by owners of single family residences.
There were seven properties available for sale in January, with an average list price of $679,114. That's slightly higher than 2006 by about 6.2%. The average days on market were roughly 71, just over half of 2006 for the same period. Interestingly enough, there were 3 new listings with an average … (0 comments)

Westfield New Jersey's Monthly Residential Property Market Analysis - 03/16/07 10:05 PM
The township of Westfield was formed in 1794. The first railroad line through Westfield was established in 1838. The first newspaper "The Townsman" followed in 1875 and by 1895 electric, telephone, water and sewer services were available.
Fast forward to January 2007 and this township is one of the most desirable residential communities in central New Jersey.
There were 251 residential properties for sale in January 2007 with an average price of $1,084,404, most of which had lingered on the market just over three months.
During the month 78 new listings were introduced to the market with an average list price of $1,054,401. This … (0 comments)

Scotch Plains New Jersey's Monthly Residential Property Market Analysis - 03/16/07 08:54 PM
The city of Scotch Plains was founded in 1684 the first settlers were Scottish immigrants who cleared the land and built a community, initially called Scotsplain.
The battle of Short Hills was fought in this area in 1777 during the Revolutionary War.
Fast forward to January 2007 and this township is home to some of the most beautiful equestrian estates communities in central New Jersey.
There were 198 residential properties for sale in January 2007 with an average price of $73,295, most of which were on the market for a little over three months.
During the month 57 new listings were introduced to the market … (0 comments)

 
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William Collins, Vice President

Scotch Plains, NJ

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FirstService Residential Realty

Address: 4000 Route 66, Tinton Falls, NJ, 07753

Office Phone: (732) 918-8398

Cell Phone: (732) 927-3281

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