Late December 2016 Westfield Market Report

By
Real Estate Agent with RE/MAX Select NJ# 9483506

The late December 2016 Westfield Market Report supports the experts' opinion that Westfield real estate continues to be a hot commodity, even in the winter.As 2016 wound down, the Westfield area luxury real estate market continued to flourish.  Westfield's convenient location to NYC makes it an ideal location for commuters.  My late December 2016 Westfield Market Report breaks down the statistics for you below.

Late December 2016 Westfield Market Report

Active Westfield Luxury Homes for Sale

The Garden State MLS reported a total of seven Westfield luxury homes for sale in late December 2016.  Of those, five were newly constructed or ready to be built properties.  Four of them came on the market in the last 30 days, including a Michael Mahoney custom Colonial just last week.

Westfield Luxury Homes Under Contract

Two Westfield luxury homes are currently under contract.  One, a brand new, move-in ready Colonial, spent 24 days on the market.  The other, an 11-year-old Colonial, spent 77 days on the market.

Westfield Luxury Homes Sold in Late December 2016

Search Westfield luxury homes for saleEight luxury homes sold in Westfield in the latter part of December 2016.  Newly constructed properties made up six of them.  Three spent less than 30 days on the market.  In fact, a Seller purchased one property the same day it went on the market.  It currently awaits construction.  A Michael Mahoney home that spent 20 days on the market and a Premier Design Custom Homes property that spent just 25 days on the market make up the other two properties.  Four homes sold at their listed price.  However, a rebuilt Colonial, was purchased for $799,900, $50,000 over the asking price.

Experts continue to tout the Westfield real estate market as a hot commodity this winter.  Families move here for the excellent school system.  Commuters appreciate its closeness to NYC.  The downtown area bustles with boutiques and fine dining establishments.  Westfield offers something for everyone.  Contact me when you are ready to purchase your next Westfield luxury home.

Scott Gleason, CRS at RE/MAX Properties Unlimited, Westfield NJ Luxury Home Service for Home Buyers and Sellers on the Move

Originally posted on my Westfield area luxury real estate market blog here: http://www.luxuryhomesnj.com/westfield-nj-market-reports/december-2016-westfield-market-report/.

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New Jersey Union County Westfield
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Luxury Properties $750k+
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december 2016 westfield market report

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Rainmaker
1,870,774
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Thanks for the market report Scott Gleason !

Jan 13, 2017 04:08 AM #1
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you.

Jan 13, 2017 04:23 AM #2
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Rainmaker
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Scott Gleason

Westfield NJ New Homes Specialist
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