November 2017 Westfield Area Market Report

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

Winter is officially upon us. As snow falls upon our community, the Westfield real estate market begins to slow. With Christmas just over two weeks away, our focus turns to shopping for gifts rather than shopping for houses. That doesn't mean buyers aren't out there looking. But, if you're selling a home right now, you'll see fewer people showing up at your door. The November 2017 Westfield Area Market Report shows that the market has begun to wind down for the year.

The November 2017 Westfield Area Market Report showed a healthy active luxury market, with 62.5% of active listings being newly constructed homes.

 

November 2017 Westfield Area Market Report

Active Westfield Luxury Homes for Sale in November 2017

Click here for an instant "No Strings Attached" valuation of your home.The Garden State MLS reported a total of 24 active Westfield homes on the market. Of those, 15 were newly constructed or were in the process of building built. Fourteen of them hit the market in the last 30 days. One of the active listings is a 2 bed/2.5 bath condo located in The Savannah, one of downtown Westfield's most desirable communities. Contact me if you wish to take a private tour of this beautiful property.

Westfield Luxury Homes Under Contract in November 2017

Three Westfield homes were under contract in November 2017. Two of these were brand new construction, while the third was relatively new (built in 2015). One of the newly constructed properties is a Spring House duplex that went under contract after just 12 days on the market.

Westfield Luxury Homes Sold in November 2017

Eight Westfield homes were sold in November 2017. Five of them were newly constructed or are currently under construction. A center hall colonial, a brand new center hall farmhouse, and a colonial built by Joe Rizzo Inc. all sold after less than two weeks on the market. Two more properties, both colonials, sold in under 30 days. Two of the eight homes sold in November 2017 were purchased at list price. They included a Gialluisi Custom Home colonial that is currently under construction. It sold for $1,299,000. The other was a 2 bed/2.5 bath condo in The Savannah, which sold for $2,100,000.

We continue to see new construction flourish in the Westfield luxury real estate market. As a buyer during the cold winter months, you have less competition from other buyers in the area. Sellers are ready to make a deal. Contact me when you want to start looking for your next Westfield home.

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

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
New Jersey Union County Westfield
Groups:
HyperLocal Neighborhood and Community Posts
Posts to Localism
Tags:
november 2017 westfield area market report
westfield homes for sale
westfield luxury homes
westfield real estate

Spam prevention
Show All Comments
Rainmaker
592,784
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Thank you for sharing this Westfield area market update with us.

Dec 15, 2017 05:24 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
359,742

Scott Gleason

Westfield NJ New Homes Specialist
What's My Home Value?
*
*
*
*

Additional Information