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Scotch Plains and Fanwood NJ Real Estate Market Update

Here are the raw numbers for Scotch Plains and Fanwood NJ for the 2 month period from December 1 through January 31. Later this week, I will be posting the 4th quarter numbers and comparing that quarter to the 3rd quarter and the 4th quarter from a year ago, so you can see where are market is, and maybe even where it is going.

Here is the data for those 2 months:

Closed Sales: 30

Avg. Sales Price: $498,959

Avg. Final List Price: $535,560

List to Sale Price Ratio: 93.1% (this is as low as I've seen this number in a while, indicating a very sharp decline in home prices in the 4th quarter, like I shared in prior blogs)

Avg. Days on Market: 105

Check back for more numbers soon for other towns, and for the quarterly reports and comparisons! Thanks for reading.

www.TeamCarrollNJ.com

Posted by Team Carroll Cranford NJ,Westfield NJ Scotch Plains NJ Real Estate, CDPE on 02/05/2009 03:59 PM

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2 Comments on Scotch Plains and Fanwood NJ Real Estate Market Update

FEB

2009

Very interesting numbers and very helpful information for anyone considering buying or selling a home. Thanks for sharing.

Jim - thanks as always for stopping by to comment. I appreciate it!

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Team Carroll Cranford NJ,Westfield NJ Scotch Plains NJ Real Estate, CDPE

Cranford, NJ

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