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Westfield's Monthly Single Family Home Productivity Report

November 2006 saw a 23.59% increase in the number of listings over November 2005. Westfield had 241 single family homes listed for November 2006 with a median list price of $779,900, averaging 98 days on the market. Of the 241 listings, 37 were new with a median price of $649,900. During the month there were 22 sales with a median sales price of $635,000. One could infer significant price reductions were taken, before these sales were consummated. Sales were equivalent in comparison to November 2005. However, the average sales price to list price was a strong 98%.

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Posted by William Collins, Broker Associate on 12/13/2006 10:30 AM

Comments (2)

westfield realtor, westfield, central new jersey, new jersey, sales, days on market, listings

This post has been included in New Jersey Information Union County, NJ Information Westfield, NJ Information
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2 Comments on Westfield's Monthly Single Family Home Productivity Report

That's a big percentage increase! Maybe partly due to the small "sample size"? With 241 listings, it doesn't take a WHOLE bunch to increase the percentage a lot. Do your listing numbers bounce around a lot historically?

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12/14/2006 10:10 AM

by Jay & Francy Thompson (Thompson's Realty)

Jay & Francy, Thanks for stopping by. Westfield is a town filled with a lot of daily commuters to New York. It is also a town that gets a fair share of relocation business. So, in answer to your question, yes the number bounces, as a result of people moving in from New York and the surrounding New jersey towns as well as the relo traffic.

12/14/2006 07:48 PM

by William Collins, Broker Associate (ERA Queen City Realty)

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Real Estate Agent: William Collins, Broker Associate (ERA Queen City Realty)

William Collins, Broker Associate
South Orange, NJ
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