Westfield Area Market Report for January 2018

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

There's been a flurry of activity in the Westfield luxury home market since the beginning of the year. Several newly constructed homes entered the market in the last 30 days. A few more are under contract. If you're in the market for a new home, now's the time to buy. Read on for a breakdown of the Westfield Area Market Report for January 2018.

The Westfield Area Market Report for January 2018 indicated a great start for the Westfield luxury real estate market in the new year. Several newly constructed properties hit the market. A few more are currently under contract or were sold.

Westfield Area Market Report for January 2018

Active Westfield Luxury Homes for Sale in January 2018

Westfield NJ luxury homes for sale The Garden State MLS reported a total of 21 active Westfield luxury home listings. New construction made up more than 70%. Eleven of these entered the market within the last 30 days. NCN Properties has a custom colonial currently under construction that hit the market 15 days ago. Thirteen days ago, two custom colonials by Villane Construction were listed. They're ready to be built and just need buyers. Eleven days ago, the owner listed a custom center-hall colonial designed by Maria DeCosimo built in 2000. Another custom colonial (built in 2009) also came on the market 11 days ago. Eight days ago, another colonial hit the market. And, just seven days ago, a brand new custom colonial built by Premier Design Custom Homes was listed. If you're interested in taking a personal tour of any of these properties, contact me.

Westfield Luxury Homes Under Contract in January 2018

Only four Westfield luxury homes fell under contract in January. Elshiekh Custom Homes plans to build a home in the Washington School area. Meanwhile, Buentempo recently completed construction on a beautiful three-story colonial with a fully finished basement.

Westfield Luxury Homes Sold in January 2018

Five buyers purchased Westfield luxury homes in January 2018. Four of them were brand new construction. A new Spring House Builders duplex sold in just 12 days. And, a newly constructed Marquis Homes property sold at the list price of $1,279,000. The Westfield Area Market Report for January 2018 indicated a productive start to the new year. Could this portend great things to come? We'll have to wait to see.

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 Select, Luxury Homes

Originally posted on my Westfield area luxury real estate blog here: http://www.luxuryhomesnj.com/westfield-nj-market-reports/westfield-area-market-report-january-2018/.

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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 for sharing.

Feb 09, 2018 04:27 AM #1
Rainmaker
1,782,444
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR, CNE, CRS, ePro, PSA, SRS

Always good to be in the know. Thank you for sharing and have a great weekend!

Feb 09, 2018 05:06 AM #2
Rainmaker
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Michele Cadogan 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Thanks     for presenting and sharing your Westfield New Jersey Real Estate market report with us, its alway interesting to see how other regions here in the north east are doing.  

Feb 09, 2018 07:41 AM #3
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Scott Gleason

Westfield NJ New Homes Specialist
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