Seller's Market Returns to Westfield NJ Real Estate Scene
Buyers are encountering short market times, multiple offers and no overabundance of selection of homes in Westfield NJ's brisk house market.
Buyers of new construction, resale homes, affordable homes, relocation homes, starter homes, luxury homes are all a little surprised to discover they are not alone when they settle on the most attractively presented, most sensibly priced homes in this desirable town.
Since the first of the year, 59 contracts have been signed on an inventory of just 120 homes. A sales pace of 30 per month means we have a 4 month supply (or absorption rate, in industry jargon.
Housing economy experts agree that 6 month supply is a balanced market, so this is a hot seller's market by that metric.
If you are holding out for the spring market . . .Real Estate Springtime is here. For a wealth of information on buying Westfield NJ real estate wisely in any market, or for preparing your Westfield NJ home and pricing for a successful sale, visit my website.
Sales from Jan 1, 2010 to Mar 1 2010
|
Address |
List Price |
Sale Price |
Days on Market |
Type |
Rooms |
Beds |
Baths |
Garage |
Basement |
|
151 Windsor Ave |
299900 |
270000 |
7 |
Split Level |
7 |
3 |
2 |
0 |
Yes |
|
1290 Overhill St |
449000 |
432000 |
12 |
Bi-Level |
9 |
5 |
2.5 |
1 |
No |
|
306 Woods End Rd |
699000 |
699000 |
3 |
Split Level |
8 |
4 |
2 |
2 |
Yes |
|
6 Carol Rd |
769000 |
725000 |
52 |
Split Level |
9 |
4 |
2.5 |
2 |
Yes |
|
857 Highland Avenue |
999950 |
925000 |
81 |
Ranch |
9 |
3 |
2+2 |
2 |
Yes |
|
524 Washington St |
1495999 |
1395000 |
48 |
Colonial |
13 |
6 |
4.5 |
2 |
Yes |
|
4 Dorset Hill Road |
1999900 |
1787500 |
86 |
Colonial |
10 |
5 |
5.5 |
3 |
Yes |
|
837 Ramapo Way |
1849000 |
AR |
96 |
Colonial |
14 |
6 |
4+2 |
2 |
Yes |
|
7 Drummond Rd |
1099000 |
AR |
151 |
Colonial |
9 |
5 |
5 |
2 |
Yes |
|
215 Golf Edge Dr |
829900 |
AR |
58 |
Bi-Level |
9 |
4 |
3 |
2 |
No |
|
684 Rahway Ave |
758000 |
AR |
34 |
Colonial |
10 |
4 |
3.5 |
2 |
Yes |
|
34 Genesee Trl |
599000 |
AR |
34 |
Split Level |
8 |
4 |
2.5 |
2 |
Yes |
|
120 Gallows Hill Rd |
509000 |
AR |
112 |
Colonial |
7 |
3 |
2.5 |
2 |
Yes |
|
935 Cleveland Ave |
439900 |
AR |
130 |
Bi-Level |
7 |
3 |
1.5 |
1 |
No |
|
1608 Central Ave |
374500 |
AR |
114 |
Split Level |
8 |
4 |
1.5 |
1 |
Yes |
|
953 Wyandotte Trl |
2755000 |
UC |
54 |
Colonial |
19 |
6 |
6+2 |
3 |
Yes |
|
2 Trails End Court |
1550000 |
UC |
227 |
Colonial |
13 |
5 |
3.5 |
2 |
Yes |
|
542 Birch Avenue |
1289000 |
UC |
91 |
Colonial |
12 |
5 |
3+2 |
2 |
Yes |
|
310 Edgewood Avenue |
1275000 |
UC |
474 |
Colonial |
10 |
4 |
3.5 |
2 |
Yes |
|
926 Coolidge St |
1200000 |
UC |
96 |
Colonial |
9 |
4 |
3.5 |
2 |
Yes |
|
1071 Minisink Way |
1195000 |
UC |
84 |
Ranch |
9 |
4 |
3+2 |
2 |
Yes |
|
74 Tamaques Way |
1099000 |
UC |
263 |
Colonial |
8 |
4 |
4.5 |
2 |
Yes |
|
965 Woodmere Dr |
1075000 |
UC |
22 |
Colonial |
8 |
4 |
4 |
2 |
Yes |
|
657 Fairmont Ave |
999000 |
UC |
3 |
Colonial |
8 |
4 |
3.5 |
2 |
Yes |
|
25 Sunnywood Dr |
949000 |
UC |
68 |
Colonial |
9 |
4 |
2+2 |
1 |
Yes |
|
651 Shadowlawn Dr |
949000 |
UC |
35 |
Colonial |
10 |
5 |
2.5 |
2 |
Yes |
|
132 Lincoln Road |
899000 |
UC |
31 |
Colonial |
9 |
4 |
3.5 |
2 |
Yes |
|
111 Prospect Street 2 J |
888000 |
UC |
41 |
Condo |
5 |
2 |
2.5 |
2 |
No |
|
509 Colonial Ave |
819900 |
UC |
44 |
Colonial |
10 |
5 |
2.5 |
1 |
Yes |
|
621 Cumberland St |
759000 |
UC |
9 |
Colonial |
9 |
5 |
2.5 |
1 |
Yes |
|
137 Elmer St |
739000 |
UC |
11 |
Colonial |
9 |
2 |
2.5 |
2 |
Yes |
|
629 Vermont St |
729900 |
UC |
105 |
Colonial |
8 |
4 |
2.5 |
1 |
Yes |
|
252 Edgewood Ave |
729000 |
UC |
16 |
Split Level |
9 |
4 |
2.5 |
2 |
Yes |
|
1424 E Broad St |
700000 |
UC |
46 |
Cape Cod |
6 |
3 |
1 |
1 |
Yes |
|
534 Clark St |
700000 |
UC |
78 |
Colonial |
10 |
5 |
1.5 |
2 |
Yes |
|
722 Knollwood Ter |
699900 |
UC |
116 |
Colonial |
7 |
3 |
2.5 |
1 |
Yes |
|
10 Plymouth Rd |
649900 |
UC |
14 |
Bi-Level |
8 |
4 |
3 |
2 |
No |
|
731 Warren St |
649900 |
UC |
13 |
Colonial |
7 |
4 |
2.5 |
1 |
Yes |
|
741 Stevens Ave |
645000 |
UC |
30 |
Colonial |
7 |
4 |
2.5 |
1 |
Yes |
|
722 Castleman Drive |
639900 |
UC |
2 |
Colonial |
7 |
3 |
1.5 |
1 |
Yes |
|
701 Girard Ave |
639500 |
UC |
9 |
Colonial |
7 |
3 |
2.5 |
1 |
Yes |
|
717 Marcellus Dr |
636000 |
UC |
9 |
Split Level |
8 |
3 |
1.5 |
1 |
Yes |
|
175 N Cottage Place |
635000 |
UC |
7 |
Colonial |
8 |
4 |
4 |
1 |
Yes |
|
141 Clover St |
599000 |
UC |
23 |
Cape Cod |
7 |
4 |
3 |
2 |
Yes |
|
447 Channing Ave |
599000 |
UC |
9 |
Colonial |
7 |
3 |
1+2 |
1 |
Yes |
|
924 Harding St |
599000 |
UC |
72 |
Colonial |
8 |
4 |
1.5 |
1 |
Yes |
|
111 N Scotch Plains Ave |
499000 |
UC |
37 |
Split Level |
9 |
3 |
2.5 |
1 |
Yes |
|
417 Washington St |
479500 |
UC |
31 |
Colonial |
6 |
3 |
1.5 |
1 |
Yes |
|
126 Greene Pl |
475000 |
UC |
32 |
Colonial |
7 |
4 |
2 |
2 |
Yes |
|
51 Doris Pky |
469000 |
UC |
37 |
Colonial |
6 |
3 |
1.5 |
1 |
Yes |
|
1 Lambert Cir |
465000 |
UC |
9 |
Split Level |
7 |
3 |
2.5 |
2 |
Yes |
|
224 Prospect St |
460000 |
UC |
8 |
Townhouse |
5 |
2 |
2 |
1 |
Yes |
|
535 1st St |
459000 |
UC |
10 |
Colonial |
10 |
3 |
1.5 |
1 |
Yes |
|
606 Benson Place |
450000 |
UC |
32 |
Cape Cod |
8 |
3 |
1.5 |
1 |
Yes |
|
241 Lamberts Mill Rd |
450000 |
UC |
18 |
Ranch |
8 |
4 |
2 |
2 |
Yes |
|
321 Benson Pl |
425000 |
UC |
6 |
Split Level |
8 |
3 |
2 |
1 |
Yes |
|
927 Ripley Ave |
400000 |
UC |
66 |
Colonial |
7 |
3 |
2 |
1 |
Yes |
|
610 Stirling Pl |
214990 |
UC |
19 |
Bungalow |
3 |
1 |
1 |
0 |
No |
Comments(2)