Scotch Plains Real Estate Market - A four year trend analysis

By
Real Estate Agent with Remax First Realty II 0790808

Under Contract!

Scotch Plains continues to be one of the most desirable towns in all of Union County. Here we take a look at the 2016 year end trend analysis of the real estate market in Scotch Plains:

Home Sales: In 2016 a total of 320 single family homes were sold in Scotch Plains, this is up 29% over 4 years.

Prices: The average sale price for a single family home in Scotch Plains in 2016 was $517,638, this shows a 7% rise in price over the last 4 years.  This equates to a normal, healthy market.

Days on Market: The average time for a home to sell was 57 days on the market, this is down 34% over 4 years ago.  Another strong indicator of a healthy market in town.

Scotch Plains year end real estate trend analysis

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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 (2)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Wayne and Jean - Scotch Plains is a very desirable area.  Your report will be helpful for buyers and sellers.

Feb 02, 2017 10:18 AM
Wayne Zuhl

Thank you, Grant!


 

Feb 02, 2017 02:21 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

This is a good idea to show the 4 year trend... I find that's when many buyers become sellers again... at about the 4 year mark.  Keep in touch with them and if you're good, you'll get the listing.

Feb 04, 2017 03:47 PM