Garwood Market Report - December, 2012

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

Garwood is a borough in southern Union County and is home to roughly 7000 residents. 

An analysis of the real estate market in Garwood reveals a dramatic change this year. In winter of 2012, there were 18 homes for sale in Fanwood – the highest of the year. Once spring hit, the homes were sold quickly and now only 7 homes remain on the market.

This very low inventory normally presents an opportunity for homeowners who are thinking of selling. When the inventory is low, prices tend to rise, especially when the demand for homes has remained steady. In the case of Garwood, the peak of home sales occurred in the late summer and has dropped since.  

The list prices in Garwood have risen  over the last few months, corresponding to an expected decrease in inventory. Sales prices, however, have not remained as steady.

When we look at the average sale price (in red below) and the average list price (in blue below), we see a different story. Sales prices have ranged from $290,000 in Mark to $457,000 in May.  Of course, when  comparing prices in a town as small as Garwood, one very low or very high selling house can affect the data pretty dramatically, as we see below. 

 

 

A similar market analysis was conducted in February and can be seen here. For more information, please call us at 908-917-4189.

Posted by

 

 

 

~ 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.

 

facebook  Pinterest  LinkedIn  Read Our Blog!

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. 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
New Jersey Union County Garwood
Tags:
homes for sale
buying a home
selling a home
market report
garwood

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,310,664

Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
Want more information about Union County real estate?
*
*
*
*
Spam prevention

Additional Information