central new jersey: Westfield's Monthly Multi-Family Production Report - 12/13/06 03:29 AM
No surprise here. Westfield has very few properties that are two to four family. There were none on the market in November. Not only were there no multi-family properties on the market, there were none under contract nor did any close during the month of November. Last year November saw six listings with a median price of $580,000. There were two new listings last year during the month of November with a median price of $569,000. November 2005 closed out with one sale at $735,000.
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central new jersey: Westfield's Monthly Single Family Home Productivity Report - 12/13/06 02:30 AM
<!-- -->November 2006 saw a 23.59% increase in the number of listings over November 2005. Westfield had 241 single family homes listed for November 2006 with a median list price of $779,900, averaging 98 days on the market. Of the 241 listings, 37 were new with a median price of $649,900. During the month there were 22 sales with a median sales price of $635,000.  One could infer significant price reductions were taken, before these sales were consummated. Sales were equivalent in comparison to November 2005. However, the average sales price to list price was a strong 98%.
 
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central new jersey: Scotch Plains' Monthly Multi-Family Production Report - 12/11/06 12:32 PM
<!-- -->November 2006 saw a 75% reduction in the number of listings over November 2005. Scotch Plains had 1 multi-family home listed for November 2006 with a median list price of $374,000, averaging 153 days on the market. There were no new listings during the month. There likewise, were no sales during the month. Sales were flat for this category last year as well.
 
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central new jersey: Scotch Plains' Monthly Single Family Home Productivity Report - 12/10/06 09:20 AM
November 2006 saw a 22.99% increase in the number of listings over November 2005. Scotch Plains had 214 single family homes listed for November 2006 with a median list price of $579,900, averaging 109 days on the market. Of the 214 listings, 29 were new with a median price of $579,000. During the month there were 17 sales with a median sales price of $508,000.  One could infer significant price reductions were taken, before these sales were consummated. Sales were down by 10.5% in comparison to November 2005. However, the average sales price to list price was a strong 97%. Another interesting … (0 comments)

central new jersey: Somewhere Over The Rainbow ........Skies Are Blue - 12/09/06 01:06 PM
....and the dreams that you dare to dream really do come true, like the dream of home ownership.
 For the many buyers whom I have encountered over the last 23 years, the dream has always been the same. There were the variances in the number of bedrooms, the number of stories, as well as one versus two car garages. However, the dreams were unanimous in the quest for something beyond the bricks and mortar, a home replete with a community, and not just in the geographical sense. Invariably, buyers want to know about the neighborhood. In particular the neighbors in close … (12 comments)

central new jersey: Plainfield, New Jersey Past and Present - 12/03/06 09:04 AM
PLAINFIELD'S PAST 
Plainfield was first inhabited by Watchung Indians, part of the Lenni-Lenape tribe in Delaware. However, by 1685 their were seven Scottish families living on their farms established a long Cedar Brook. As was the case with most settlements, the residents were seeking religious and political freedom. The settlement was then known as Milltown, as a result of a grist mill built in 1706 on Green Brook.
At one time during the revolutionary period the city was host to a militia post, consisting of 95 acres and a fort, along the east bank of the Green Brook.
In 1800 after the … (2 comments)

central new jersey: Plainfield's Monthly Multi-Family Production Report - 12/02/06 07:05 PM
We have the same basic scenario here with the multi-family properties, as we do with the single family. Listing volume is up and sales volume is down. List prices are likewise tumbling downward!
November 2006 saw a 25.69% increase in the number of listings over November 2005. Plainfield had 137 multi-family homes listed for November 2006 with a median list price of $395,000, averaging 103 days on the market. Of the 137 listings, 24 were new with a median price of $379,900. During the month there were 7 sales with a median sales price of $360,000. Sales were down by 58.82% in comparison to November … (0 comments)

central new jersey: Plainfield's Monthly Single Family Home Productivity Report - 12/02/06 06:44 PM
The numbers are in and as I had been saying all along, listing volume is up and sales volume is down. List prices are likewise tumbling downward!
November 2006 saw a 14% increase in the number of listings over November 2005. Plainfield had 316 single family homes listed for November 2006 with a median list price of $324,900, averaging 91 days on the market. Of the 316 listings, 24 were new with a median price of $269,900. During the month there were 16 sales with a median sales price of $324,000. Sales were down by 55% in comparison to November 2005. However, the sale price … (0 comments)

central new jersey: Plainfield Holiday Festivities - 12/02/06 05:28 PM
Come and join Plainfield residents, as they celebrate during this joyous Holiday season!
December 8, 2006: 7 PM. Annual Children's Christmas Celebration. Tree Lighting, Carols, Refreshments. Drake House, West Front & Plainfield Ave. FREE.
December 8, 2006: 8 PM. John Kee (The Prince of Gospel) Gospel Concert. Shiloh Baptist Church, 517 West 4th St. Tickets available at Church office. Info: (908) 754-3919 or www.shilohplainfield.org/December 9, 2006: 11:30 AM. Holiday Puppet Show: 'The Elves' Toy'; and visit by Santa. Plainfield Public Library. 8th & Park. Info: 757-1111 x128. FREE.December 9, 2006: 8 PM. NJ Gay Mens Chorus: Holly Days & Starry Nights. Crescent … (0 comments)

 
William Collins,  Property and Asset Management (ERA Queen City Realty)

William Collins

Property and Asset Management

Scotch Plains, NJ

More about me…

ERA Queen City Realty

Address: 310 Park Avenue, Scotch Plains, NJ, 07076

Office: (908) 322-5454

Mobile: (908) 531-4979

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