We just entered our last month of the calendar year. It's the final push to find your dream Westfield luxury home before we close the books on 2016. The Westfield luxury market remains hot. This Early December 2016 Westfield Area Market Report breaks down the currently active listings, Westfield homes that are under contract and the luxury Westfield homes that have recently been sold.
Active Westfield Listings
Garden State MLS reports a total of 13 active Westfield area luxury homes. Of these, eight are brand new construction. Five homes hit the market in the past 30 days. They include the Henry West Colonial located at 905 Coolidge. This beautiful home sits just steps from the award-winning Washington Elementary School. Students at Washington ranked in the 90th percentile for Math and upper 80th percentile in English on the 2014 NJ ASK test. If you're interested in this home, contact me for a private tour.
Westfield Listings Under Contract
The Garden State MLS also reported four Westfield luxury homes currently under contract. One of these, a center hall Colonial, spent just four days on the market before going to contract. Three of the homes were recently constructed. One property, 7 Amy Dr, a Gialluisi Custom Homes designed residence, sits on a quiet cul-de-sac.
Recently Sold Westfield Homes
Finally, eight Westfield area luxury homes sold recently. All of these homes were built in the last year or so. One property sold right at list price. Another, a beautiful Colonial, sold for $1,364,125, which was more than $84,000 above asking.
What We Learned from the Early December 2016 Westfield Area Market Report
To start, new construction in the Westfield area real estate market continues to thrive. Of the luxury homes on the market, most have been built within the last year or so. Talk of possible interest rate increases in the next few weeks has come up. Finally, with a new administration coming into office in January, housing prices could also see an increase. When you are ready to look for your next Westfield luxury home, contact me.
Originally posted on my Westfield luxury real estate blog here: http://www.luxuryhomesnj.com/westfield-new-jersey-real-estate/early-december-2016-westfield-area-market-report/.