Westfield Market Report

By
Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/v8w

Westfield, NJ, was incorporated in 1798, making it one of the oldest towns in New Jersey. Home to approximately 30,000 people, Westfield covers 6.8 square miles in Union County, NJ

The housing market in Westfield is booming, and has been for many years.

 

 

An analysis of active listings in January of each year for the past eight years reveals that the huge inventory of 2007 is gone and the market seems to have stabilized. This usually means  less competition between homes.

 

 

 

 

 

What we're seeing instead is that prices in Westfield, over the same time period, have changed but not apparently with regard to the inventory.

 

 

 

 

More surprisingly, the average Days on Market in Westfield has increased for the past two years with no apparent decrease in price or change in inventory.

 

 

 

 

While certainly we don't have a crystal ball, Westfield has remained a town that people want to live in. There's never a shortage of buyers looking in Westfield, and it's doubtful that's going to change any time soon!

If you're interested in buying or selling in Westfield, please give us a call at 732-499-0030 x 244.

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

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Rainmaker
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Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

This is a nice market report - I enjoyed your graphs.  Hopefully your average days on the market will decline in 2012!

Feb 26, 2012 05:31 AM #1
Rainmaker
1,120,544
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Wayne and Jean Marie - Great local real estate market report.  Anyone interested in the Westfield area is going to find your information very helpful.  Nicely done!

Feb 26, 2012 06:48 AM #2
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Rainmaker
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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