The Scotch Plains Real Estate Market Report for First Quarter, 2015

By
Real Estate Agent with Remax First Realty II 0790808

The Scotch Plains, NJ, Real Estate Market Report for First Quarter, 2015

 

Winter is the slowest time in Union County Real Estate. Not only do homes take longer than average to sell in the winter, they also sell for less in the winter than they do the rest of the year.

But don’t think for even one moment that Scotch Plains’s real estate market is dead in the winter!

This winter, Scotch Plains had 125 active listings and 118 sold listings. The average sale price this winter was $551,616 with the average home selling 71 days.

How does the winter of 2014-15 compare with previous years?

Significantly more homes were sold this winter (118) compared to last winter (36).

Inventory is slightly higher this year (125 listings) than last year (111).

The average sale price in the first quarter of 2015 was $551,616 compared with an average sale price of $452,714 last year.

The average home sold after 71 days this winter compared to 65 days in 2014.

 

If you’re planning on selling your Scotch Plains home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Scotch Plains, call us today!

For more information on selling a home:

For more information on Scotch Plains Real Estate:

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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. 

Comments (5)

Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Wayne and Jean Marie Zuhl,  As usual you have presented a great market snap shot.  Have a great weekend. 

Apr 03, 2015 11:56 PM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Thanks for stopping by, Sybil Campbell ! We hope you have a great weekend also!

Apr 04, 2015 12:08 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good Saturday morning Realtors Wayne and Jean Marie Zuhl -  Anyone looking for great real estate service would be wise to contact you for assistance!  

Apr 04, 2015 12:28 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Wayne and Jean - look like a comparatively healthy market in Scotch Plains.  It should be a good Spring market.

Apr 04, 2015 04:55 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Wayne and Jean Marie Zuhl. Nice job with your report, some really positive numbers, hope they continue.

Hope you and yours have a wonderful Easter Sunday.

Apr 04, 2015 09:53 PM