buying a home: Union Real Estate Market Conditions
- 06/21/14 05:39 AM
Union, NJ, is home to nearly 57,000 people and is served by six primary (PreK-4) schools:
Battle Hill School Hannah Caldwell School Connecticut Farms Elementary School Franklin School Livingston School Washington School Central 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.
Inventory: There are currently 345 single family homes offered for sale in Union. This is slightly higher than the 12 month average of 329 homes. High inventory creates a buyers market in which the supply exceeds the demand, driving prices down.
Prices: As you'd … (6 comments)
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buying a home: Clark Real Estate Market Report - May 2014
- 06/21/14 05:02 AM
If you're planning to buy or sell a home in Clark, NJ, then here's what you need to know!
Inventory:
A big bump in the active inventory this week - there are currently 83 single family homes offered for sale in Clark.
Prices:
As inventory goes up, prices usually drop, but that hasn't been the case in Clark this spring. The average sale price in Clark in May was $423,904, 23% higher than April.
Days on Market:
Homes in Clark continue for the second month in a row to sell in less … (3 comments)
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buying a home: Linden and Rahway Spring Real Estate Market
- 06/07/14 12:02 AM
Prices:
When Linden or Rahway homeowners are considering selling their homes, the average sale price in the area is an important factor to consider. As supply and demand fluctuate, so do sale prices of homes. Of course, there are other factors such as condition and location that affect the value of your home. The average sale price in Rahway and Linden in May of 2014 was $297,769, about even with last month.
Days on Market:
Another factor to consider if you're thinking of selling your home is the length of time it takes to sell a home. … (0 comments)
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buying a home: Buyer's Market in Union
- 05/25/14 11:45 PM
An important first step in buying or selling a home is learning about market conditions. Team Zuhl has crunched the numbers for you and here's what you need to know.
Inventory: There are currently 345 homes offered for sale in Union. This is good news for buyers. The inventory has recovered from its very low dip this winter - down to 197 in December - so there's more to choose from. Sellers need to make sure that their homes are priced competetively and are in top condition in order to compete as the inventory continues to rise.
… (3 comments)
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buying a home: Seller's Market in Springfield
- 05/25/14 11:02 PM
Springfield buyers and sellers need to know about the real estate market and how it affects the value of their properties. Here's what you need to know this month.
Inventory: There are currently 109 homes offered for sale in Springfield - a very healthy spring market with about average inventory for buyers to choose from. The average list price in Springfield in April was $459,607, ranging from $119,000 to $1,299,000. To search for homes, please click here.
Prices: The average sale price of a home in Springfield in April was $454,375, 14% above the March average sale price … (1 comments)
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buying a home: Scotch Plains Real Estate Market Report
- 05/24/14 10:48 AM
When you're thinking of buying or selling a home, the most important first step is to learn about the real estate market in your town. Factors such as inventory, sold prices, and days on market can influence the value of your property. Here's what you need to know if you're thinking of buying or selling in Scotch Plains.
Inventory
There are currently 145 properties offered for sale in Scotch Plains. Properties range in price from $169,000 all the way up to $3,295,000. This is a little low for the spring market when you compare it to the 162 properties that were … (1 comments)
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buying a home: Mountainside Inventory and Prices continue to rise!
- 05/24/14 05:38 AM
Before you buy or sell a home in Mountainside, NJ, an important first step is to do a little research into the real estate market. It's important to know what trends are evident in real estate values, so we've taken the work out if it for you. Here's what's been going on in Mountainside.
Inventory: There are currently 33 homes offered for sale in Mountainside, ranging in price from $369,000 all the way to $2,000,000. Over the past 12 months, the active inventory has averaged around 39 homes so there continues to be a high inventory as we reported last month. Sales are slowing … (1 comments)
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buying a home: Low inventory, high prices in Kenilworth, and fast sales in Kenilworth
- 05/23/14 11:54 PM
If you're thinking of buying or selling a home in Kenilworth, one of the first steps you should take is to study the market conditions so that you understand how real estate is valued in Kenilworth. Here's a good place to start.
Inventory: There are currently 37 homes offered for sale in Kenilworth ranging in price from $144,900 to $625,000 with an average list price of $338,743. You can browse them all by clicking here.
The inventory in Kenilworth is a little low for spring. There were 41 homes on the market in April of 2013 and 44 homes on the market in … (0 comments)
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buying a home: Should you buy a home in Garwood?
- 05/22/14 12:22 AM
Garwood, NJ, is a beautiful borough in central Union County. Home to fewer than 5,000 people, the town is served by one elementary school serving students in grades K-8. High school students attend Clark's Arthur L. Johnson High School.
Inventory: There are currently 12 single family homes offered for sale in Garwood at an average list price of $328,958. Last April there were 15 homes actively listed. The average inventory over the last 12 months is 14 listings, so inventory in Garwood is a bit low. This could be good news for home sellers as a low supply often leads to higher prices.
… (2 comments)
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buying a home: Fanwood Real Estate Market Update
- 05/17/14 10:36 PM
Inventory: There are currently 38 homes offered for sale in Fanwood at an average list price of $459,500. Nine homes were sold in April. In 2013, the inventory got as high as 49 homes in May and as low as 25 homes in December.
Prices: There were nine homes sold in April at an average sale price of $402,000. The average sale price over the last 12 months was $409,622 with the highest in July of 2013.
Days on Market: March was sluggish in Fanwood with the average home selling after 111 days on … (8 comments)
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buying a home: Clark Spring Real Estate Market
- 05/17/14 12:26 AM
Inventory:
There are currenly 67 homes offered for sale in Clark, slightly under the average for the past 12 months and 18 lower than April of 2013. Eight homes were sold in April, much fewer than last spring but showing a slow increase over the last few months.
Prices:
Average sale price April 2014 - $342,875
Average sale price April 2013 - $476,827
Average sale price March 2014 - $399,600
Time to sell your home:
Homes are flying off the proverbial shelf in Clark this spring! The average home that sold in April was sold after only … (0 comments)
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buying a home: What if you just want to browse?
- 04/26/14 09:07 AM
Like many of our clients, you might need some time to familiarize yourself with the real estate market before you jump in. Here are some ways you can learn about what's available without any commitment:
1. Check TeamZuhl.com for market reports. We publish one for every town we serve every month. You can also email us at teamzuhl@gmail.com at any time and we'll be happy to send you the latest market report for any towns you're interested in.
2. Subscribe to Listing Alerts. Just select the property type and the price range you're interested in, plus check off a town or as many … (6 comments)
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buying a home: Scotch Plains Real Estate News
- 04/23/14 08:50 AM
If you're a homeowner or a prospective homebuyer in Scotch Plains, you'll want to be as informed as possible about real estate conditions in this town. Here's what you need to know for this month.
Inventory: There are currently 115 homes offered for sale in Scotch Plains with an average list price of $570,112. Inventory typically increases in the spring, which is exactly what we're seeing in Scotch Plains. The difference this year is that the inventory is so much lower than it's been for the past several years.
Prices: The average sale price of a home in Scotch Plains … (5 comments)
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buying a home: Kenilworth Real Estate Market Update
- 04/18/14 02:03 AM
Whether you're a homeowner or thinking of becoming a homeowner in Kenilworth, here's what you need to know about real estate values in Kenilworth.
Inventory: Only 1 home sold in March in Kenilworth, making March the slowest sales month in more than 2 years. The good news is that inventory is up - there are currently 35 homes offered for sale, up from 28 in February.
Prices: Of course, when only 1 home sells, that one home's impact on averages is much more dramatic. The one house that was sold in March was sold for $280,000, which is lower than … (1 comments)
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buying a home: Clark Real Estate Market Report
- 04/17/14 04:01 AM
Prices: The average sale price of a home in Clark in March, 2014, was $399,600 which is about 14% higher than March of 2012.
Inventory: There are currently 58 single family homes offered for sale in Clark at an average list price of $452,728. Five homes were sold in March of 2014, only half of that sold in March of 2013.
If you're thinking about selling your Clark home, get a free Comparative Market Analysis here.
For more information on selling a home:
How do you get a CCO in Clark? 3/3/2014 3 Simple Steps To … (1 comments)
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buying a home: Westfield Real Estate Market Report
- 03/11/14 10:24 AM
One of the hottest towns in Union County is Westfield. Great schools, fantastic downtown shopping and restaurants, and an easy commute to NYC make it one of the most sought after towns for home buyers.
To find out how much your home in Westfield is worth, please click here. To search for a home in Westfield, please click here.
For more information on Westfield Real Estate:
Buying a home in Westfield - 1/25/2014 Restaurant Week in Westfield! 9/30/13 Real Estate Market Report for Westfield, NJ for April, 2013 - 05/30/13 10 Union County High Schools Make Newsweek’s Short List - 05/08/13 Market Report for Westfield - … (3 comments)
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buying a home: Great time to buy in Union, NJ!
- 03/11/14 08:40 AM
Now is the time to buy in Union! There are plenty of beautiful homes available for sale in a wide range of prices.
For more information on selling a Union home:
3 Simple Steps To Selling Your Home Fast - 03/26/12 4 Ways to Get Union County Homes to Sell Quicker!! - 01/12/12 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:
Big Range of Homes for sale in Union - 1/19/2014 October in Union's Real Estate Market Union Real Estate Market Report - August, 2013 - 08/07/13 It's a … (5 comments)
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buying a home: Kenilworth prices hold steady through a long winter
- 03/08/14 06:31 AM
Are you a Kenilworth homeowner or a Kenilworth home buyer? Either way, here's some news you can use.
If you're interested in purchasing a home in Kenilworth or the surrounding area, please see a complete list of homes at www.WayneZuhl.com. If you're planning to sell your Kenilworth home, please call us at 908-917-4189 for a free comparative market analysis of your home.
For more information on Kenilworth Real Estate:
Prices Up in Kenilworth - 2/8/2014 How are Prices in Kenilworth's Real Estate Market? - 1/18/2014 The Kenilworth Real Estate Market Report - 12/14/13 Kenilworth Real Estate Market Report - August, 2013 - 08/15/13 Kenilworth Months of Supply - 07/11/13 … (3 comments)
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buying a home: Cranford Real Estate Market Report
- 02/03/14 03:01 AM
Cranford, NJ, is home to about 23,000 people. The town was listed as number 141 in NJ Monthly's Top Towns List last year. There are currently 53 homes offered for sale in Cranford, including this beauty.
The inventory in Cranford is lower than it was over the summer but appears to be following a normal annual pattern. January is usually a slower month in real estate, but Cranford had 21 sales which is very high for winter.
Prices continue to fluctuate in the Cranford real estate market. The average home that sold in January was sold for … (3 comments)
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buying a home: Low Inventory in Clark Real Estate!
- 02/03/14 02:55 AM
Clark, NJ is home to about 15,000 people. Student sin Clark attend Frank K. Hehnly Elementary School or Valley Road Elementary School, Carl H. Kumpf Middle School for grades 6 - 8, and Arthur L. Johnson High School for grades 9 - 12.
As of this morning, 35 homes are curently offered for sale in Clark. This is significantly lower than Clark has seen in more than 2 years. Typically, this drives prices up as supply is not large enough to meet demand.
And that is exactly what we're seeing. As inventory dropped, prices have risen. The average sale price in January of 2014 was $421,308, … (1 comments)
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