Westfield Area Market Report - July 2017

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

Our Westfield luxury real estate market dipped in July compared to the previous month.  While March and April's active luxury home listings were up, May's came in at just 10.  On the other hand, the total homes that went under contract increased significantly from the previous month.  Read my Westfield Area Market Report for July 2017 below to learn more about what happened in our local luxury real estate market.

According to the Westfield Area Market Report - July 2017, total sales and listings were down from the previous month, but homes under contract went up.

 

Westfield Area Market Report - July 2017

Active Westfield Luxury Homes for Sale in July 2017

Search Westfield luxury homes for saleThe Garden State MLS reported a total of 10 luxury Westfield homes for sale in July 2017, half of the amount shown in June.  These included the recently renovated colonial located at 560 West 1st Street.  (Contact me for a personal tour of this beautiful property.)  Six of these Westfield homes hit the market within the last 30 days.  Seven of them are newly built or currently await construction to begin.

Westfield Luxury Homes Under Contract in July 2017

Five Westfield luxury homes fell under contract in July 2017.  They included three newly constructed properties.  Two colonials came under contract after 11 days on the market.  A custom colonial located on the north side of town opened escrow after just five days on the market.

Westfield Luxury Homes Sold in July 2017

Three luxury Westfield home were sold in July 2017.  Two of these sold in under 30 days, including an NCN colonial currently under construction (five days on the market) and a center hall colonial (four days on the market).  The NCN colonial sold right at list price: $1,199,900.

Every neighborhood in the luxury Westfield real estate market is desirable.  When Buyers find a property they like, they act right away to make it their own.  Be ready to put in an offer when you find your dream home.  Make sure your financing is in place before you start looking.  Contact me today so I can help you find your next Westfield home right now.

Curious about your home’s value?

Please click below for the market update of interest to you:

Cranford
Fanwood
Garwood
Millburn-Short Hills
Mountainside
Scotch Plains
Summit

Westfield by Grade School:

Franklin
Jefferson
McKinley
Tamaques
Washington
Wilson

Scott Gleason, CRS at RE/MAX Properties Unlimited, Luxury Homes for Sale in Westfield

Originally posted on my Westfield area luxury real estate blog here: http://www.luxuryhomesnj.com/westfield-nj-market-reports/westfield-area-market-report-july-2017/.

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Scott Gleason

Westfield NJ New Homes Specialist
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