selling a home: How Long will it take to sell My Union County Home?
- 07/10/14 06:58 AM
When you decide to sell your home, how long will your home be on the market?
It's a good question, and the answer largely depends on location. For the first half of 2014, the average Union County home was on the market for
The homes in Linden, Union, Rahway, and Garwood took much longer than the average Union County home to sell. Homes in Cranford, Mountainside, Westfield, and Clark were the fastest sellers in Union County for the first half of the year.
How does this compare to last year?
The real estate market in 2012 and 2013 was very different from this year because buyers and … (1 comments)
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selling a home: Linden Real Estate Market Report - June 2014
- 07/07/14 02:54 AM
If you're planning on buying or selling a home in Linden, the first step is to learn about the Linden real estate market conditions. Here's what you need to know this month.
Inventory: There are currently 241 homes offered for sale in Linden and they range in price from $60,000 to $649,000. Inventory has leveled off this summer and homeowners who are interested in selling their home will want to be sure that their home is in top selling condition.
Prices: The average selling price of a home in Linden in June was $216,963, just slightly under the 12 month average of … (1 comments)
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selling a home: Fanwood Real Estate - June 2014
- 07/07/14 12:58 AM
If you plan to buy or sell a Fanwood home, your first step is to learn about the real estate market condtions in Fanwood. Here's what you need to know for June, 2014.
Inventory: There are currently 47 homes offered for sale in Fanwood. They range in price from $189,900 to $3,950,000 - definitely something for every budget. Eleven homes were sold in June, the highest number of sales since July of 2012.
Prices: The median sale price of a home in Fanwood in June was $415,000, slightly below the 12 month average of $428,000.
To see this month's infographic, please click here.
… (0 comments)
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selling a home: Cranford Real Estate Market Report - June, 2014
- 07/04/14 03:12 AM
If you're planning on buying or selling a home in the near future, one of the first steps you'll take is learning about the real estate market. Here's what you need to know about Cranford this month:
Inventory: There are currently 115 homes offered for sale in Cranford, ranging in price from $189,000 to $1,350,000 - certainly something for every budget. This is a typical Cranford inventory for early summer and it's likely that inventory will drop by 30% or more by August as summer buyers find their new homes.
Prices: The blue line in this chart represents the average list price of … (1 comments)
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selling a home: Clark Market Report - June 2014
- 07/02/14 11:25 PM
Before you buy or sell a home in Clark, you need to understand the market conditions. Here's what you need to know this month:
Inventory: There are currently 88 homes on the market in Clark ranging in price from $187,000 to $1,100,000 - definitely something for everyone in this market! Nine homes were sold in June which is very low for June.
Prices: The average and mean sales in June were 38% higher than the 12 month sales average and 30% higher than May. One or two high end sales can create this anomaly so it probably doesn't have any significance in terms of the … (6 comments)
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selling a home: How do Sellers Choose an Agent?
- 07/02/14 09:57 PM
It's important that the real estate agent that you choose to market your home is the right agent for you.
Choosing a real estate professional is a challenging task - there are many qualities a potential buyer or seller wants in an agent, and it's not always easy to find the right person. 57% of buyers and sellers interview only one agent before hiring them.
Trust
According to a survey conducted by the New Jersey Association of Realtors, 33% of all respondents said that they chose their agent based on the agent's honesty and trustworthiness.
Marketing
How a prospective agent plans to market your home is an … (1 comments)
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selling a home: How can you get your home ready to sell?
- 06/30/14 03:51 AM
When you make the decision to sell your home, there are 3 factors you need to consider:
1. Location - Where your home is located has the biggest impact on how much money your home will sell for and on how quickly your home will sell. An important first step in selling a home is to study the real estate market conditions in your area. Please contact us for the most recent real estate market reports for your neighborhood or go to TeamZuhl.com. Your real estate professional will also help you to compare your home with others like it to see what the market value of your … (5 comments)
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selling a home: How much is your Home Worth?
- 06/29/14 09:57 PM
When you're getting ready to sell your home, establishing a price is one of the most important decisions you can make.
To get the most money in the least amount of time, you must price it correctly. This way, you'll attract buyers who are actually interested and able to purchase your home.
So what is the value of your home determined by? There are three main factors:
Location - the market conditions of your neighborhood have the biggest impact on your home's value. Please contact us for the most recent real estate market reports for your neighborhood or go to … (3 comments)
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selling a home: Westfield Real Estate Market Report - May 2014
- 06/26/14 02:35 AM
When you're ready to begin thinking of buying or selling a home in Westfield, NJ, you need to understand the real estate market conditions. Here's what you need to know this month.
Inventory: There are currently 218 single family homes offered for sale in Westfield, ranging in price from $119,000 to $4,995,000. Thirty homes were sold in May - compared with the 41 homes that were sold in May, 2013, this is a sluggish start to the summer real estate market.
What does this mean for you?
If you're selling your home in Westfield, do what you can to make your home … (1 comments)
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selling a home: Scotch Plains Market Report - May 2014
- 06/23/14 10:35 PM
The Scotch Plains real estate market is on track for an excellent summer!
Before you buy or sell a Scotch Plains home, it's wise to do a little research into the market conditions. Here's what you need to know for May of 2014.
Inventory: Check out this graph showing the real estate inventory in Scotch Plains over the last 3 years.
It's easy to see the seasonality of the Scotch Plains real estate market when you look at this much data at one time. See the big bump in inventory - the blue line - every summer? Notice how much higher it … (1 comments)
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selling a home: Quick sales in Cranford!
- 06/23/14 12:35 AM
If you're planning on selling your Cranford home, find out how much it is worth with a FREE Comparative Market Analysis by clicking here.
Inventory: There are currently 108 homes offered for sale in Cranford. After a slow winter where the average inventory was 75 homes, this is a strong increase. Fifteen homes were sold in May.
Prices: The average sale price of a home sold in Cranford in May was $434,041. This is 21% higher than the average price in May of 2012.
Days on Market: Perhaps the biggest sign of consumer confidence in the real estate market … (1 comments)
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selling 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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selling 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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selling a home: How to Write a Comparative Market Analysis
- 06/20/14 05:11 AM
There are many formulas that claim to provide a fair market value of a home. As in many things, there are the good, the bad, and the ugly.
Here's how we write a CMA.
We'll use a 4 bedroom 2 bath split level home as an example.
The first thing we do is go to the MLS and run a report on the sold comps (within the last 12 months) in the same town. We search for 4 bed, 2 bath split level houses in the same zip code or town. If we only get a few comps, we'll search for … (8 comments)
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selling 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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selling 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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selling 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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selling 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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selling 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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selling 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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When you decide to sell your home, how long will your home be on the market?
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