The real estate market in Westfield has adjusted in a similar fashion to surrounding towns, with prices easing off historic highs at a rate of about 5%-9% from one year ago. There are currently 197 single family homes and 4 multi family homes on the market for sale. These numbers have stayed relatively stable over the past few months, with an equal number of sales and new listings. Inventory levels are much higher than before, giving buyers more options when selecting a home.

As with surrounding towns, homes that are priced properly are still selling quickly, and homes that are priced too high are staying on the market longer as buyers have many choices when selecting a home.

The median sales price for the 24 homes sold in Westfield in October, 2006 was approximately $675,000 with the lowest priced at $270,000 and the highest at $1,999,999.

ZIP Code: 07090

About Westfield, NJ: Westfield New Jersey is a suburban community located approximately 25 miles southwest of New York City. There are approximately 29,000 residents, who enjoy a highly rated school system, a vibrant downtown area with many high end retail establishments, as well as dining, and many lovely parks.

Westfield is bordered by Cranford, Garwood, Scotch Plains, Fanwood, and Clark, and is centrally located to Public Transportation (Raritan Valley Train Line), and highways.

Prepared by:

Sean Carroll - Realtor

RE/MAX Classic Group