A new year means new possibilities. Is owning a new Westfield NJ luxury home one of the possibilities on your list for 2016? It should be. The Westfield Luxury Market Update for 12/29/15 shows that you could own a newly constructed home even through the winter.
Westfield Luxury Market Update - 12/29/15
The Westfield Luxury Market Update on 12/29/15 indicated a total of three homes currently under construction or ready to be built. Some of these are still early enough in construction that the new owner can customize some parts of the home. Feel free to click on any of the links below to find out more about each property:
- 630 Broad St - 5 bed/3.5 bath, list price $740,990
- 209 Edgewood Ave (no pictures available) - 5 bed/4.5 bath, list price $1,249,000
- 520 Clifton St - 6 bed/6 bath, list price $1,499,000
Do any of these properties sound perfect for you? Do you want to see them in person? Contact me soon so we can make arrangements to meet for a personal tour.
One Westfield NJ luxury property is currently under contract. It is a 5 bed/5 bath, nearly 4,000 square foot custom Colonial. This home features a play/bonus room, teen suite, laundry room on the second floor and gas BBQ hook-up on the patio. It was listed at $1,029,000.
Three luxury homes were sold recently, according to the Westfield Luxury Market Update - 12/29/15. Two of them have yet to be built. One is a Michael Mahoney Colonial on 0.19 acre. The other is a 4800 square foot Harrison Preferred Homes property on a quarter of an acre. The third home was a 5200 square foot home custom designed by Garrell Associates and built in 2007.
The Federal Reserve announced a 0.25% interest rate hike last month. This is the first increase in almost a decade. When the announcement was made, Fed Chair Janet Yellen said it was the first step in their plan to gradually "normalize" interest rates. Some financial experts took this to mean the possibility of as many as four more of these increases throughout 2016. However, it isn't expected that any of the increases will be more than 0.25% each. This could bring lending rates up as well. If you are borrowing money to purchase your Westfield luxury home, you may want to start the process now before any further increases take place.
Originally posted on my Westfield NJ Luxury Homes real estate blog here: http://luxuryhomesnj.com/blog/westfield-luxury-market-update/.
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