Cranford Real Estate Market Report - May 2018

By
Real Estate Agent with Samsel & Associates 0790808

Cranford remains one of the most sought after towns in Union County. Here's what's been happening in the Cranford real estate market this spring.

Inventory

There were 75 homes offered for sale in Cranford in April and 15 homes were sold. Continued low inventory and high sales drives up prices.

Prices

The average sale price of a home sold in Cranford in April was $480,660, slightly lower than the 12 month average of $492,446. As inventory continues to shrink, it's reasonable to expect that prices will go up.

Days on Market

The homes that were sold in April in Cranford had been on the market for an average of 30 days - fast even by Cranford standards. 

 

What this means for buyers:

  • Be educated. Learn what kind of home you want. Decide with your family members what you need in a home and what you want in a home.
  • Be informed. Spend some time getting to know the inventory. Learn what homes look like in your price range. Learn what home features you can afford.
  • Be ready. Have your pre-approval ready so that you can act quickly when you find your perfect home.

What this means for sellers:

  • If you're on the fence about selling your home, this may be the perfect opportunity to get the most money in the shortest amount of time.
  • Even in a shrinking inventory situation, you're still competing with other homes on the market. View the other homes that are offered for sale and make sure your home is the best one in its price range.
  • Make your home available for potential buyers.

To read more about the real estate market in Cranford, please read our earlier market reports here.  For more information on how Team Zuhl can help you, please click here or call us at 908-917-4189.

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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. 

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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

thanks for sharing your market information with us - One of the best things about AR is knowing what is going on around the country

May 22, 2018 05:02 AM #1
Rainmaker
1,326,152
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us

Have a great day.

May 22, 2018 05:36 AM #2
Rainmaker
2,134,929
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Wayne and Jean - buyers and sellers in Union County will benefit form your market reports.  

May 28, 2018 11:32 AM #3
Rainmaker
2,134,929
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Wayne and Jean - I hope you are having a great month of June.

Jun 11, 2018 07:29 AM #4
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Rainmaker
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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