Beautiful Fanwood, NJ, is located in southern Union County and is home to just over 7000 people.
After last spring's very high inventory, Fanwood has had a relatively stable, but low, inventory of homes. April, 2013 had 38 active listings, compared to April of 2012 which had 55 active listings. Sales have increased somewhat. There were eight homes sold in April of 2013, compared to 4 homes sold in April of 2012.
Fanwood homes continue to sell quickly as they have for nearly a year. Homes in Fanwood have sold within the first two months on the market, on average, since June of 2012. Quick home sales reflects the continued low inventory.
The average list price of homes in Fanwood has increased pretty consistently over the past year and the average list price in April of 2013 was 13% higher than a year ago. The average sale price of a home in Fanwood in April, 2013, was $431,697, compared to $452,250 in April of 2012 representing a minor decrease in price. Overall, however, prices have seen an upward trend in Fanwood.
Before you buy or sell a home in Fanwood, be sure to call us for a free comparative market analysis. Your home may be worth more than you think when it's compared to others in Fanwood that have sold in the last year!
For more information on Fanwood Real Estate:
Fanwood Real Estate - January-March, 2013 - 04/14/13
Fanwood Real Estate Market Report - 12/27/12
It's a Seller's Market in Fanwood, NJ! - 10/26/12
Free Market Report of Fanwood Homes! - 08/14/12
Fanwood's First Half of 2012 - 07/09/12
53 Kenilworth Homes Sold So Far in 2012! - 07/09/12
Fanwood NJ Market Report - 02/14/12