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Inventory is down in Union

By
Real Estate Agent with Remax First Realty II 0790808

Union, NJ, is home to nearly 57,000 people. It occupies northern Union County in the area that was called Connecticut Farms in the 18th Century. 

There are six primary (PreK-4) schools: Battle Hill SchoolHannah Caldwell SchoolConnecticut Farms Elementary SchoolFranklin SchoolLivingston SchoolWashington SchoolCentral Five-Jefferson School serves grade 5, and Burnet Middle School and Kawameeh Middle School serve grades 6 though 8. Union High School serves 2400 students in grades 9-12.

With 246 single family homes for sale in Union, there's something for everyone. Prices range from to $84,900 $1,250,000 with property sizes from condos to 40 acre luxury properties. Inventory has dropped since the peak of spring, 2012, and has stayed relatively low for all of 2013. 

 

 

 

With lower inventory, prices tend to increase and that's exactly what we're seeing. The average sale price of a home in Union in December was $270,806, well above the average 2013 sale price of $257,398 and even higher than the average 2012 sale price of $234,427.

 

 

Sales are still sluggish compared to the rest of Union County. The average Union County home sold in 76 days in 2013, but the average home in Union Township sold after 109 days. While this is still an improvement over the 2012 average of 116 days, December 2013 was sluggish at 141 days.

 

For more information on selling a Union home:

If you're considering selling your Union home, call us today for a free comparative market analysis of your home.

For more information on Union Real Estate:

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Wayne/Jean, always good for homeowners selling to read the prices are increasing with lower inventory. Great market report and love the charts.

Jan 20, 2014 07:49 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for the excellent report for Union, NJ.

Jan 20, 2014 08:53 PM
Beth and Richard Witt
New York, NY
The best Retired Brokers !!!!

Looks like it's time for buyers to get serious... good report as always

Jan 20, 2014 10:04 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Wayne and Jean Marie, You are telling it like it is so buyers and sellers can make informed decisions. Call Wayne and Jean Marie Zuhl for you real estate needs in Union.

Jan 21, 2014 02:34 AM
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Wayne and Jean-it's nice to see home selling prices up YOY in Union. Hopefully that will give perspective sellers a bit more equity which should lead to more listings. 

Jan 21, 2014 04:12 AM