Clark NJ Real Estate Market Report - June 2018

By
Real Estate Agent with Samsel & Associates 0790808

Team Zuhl has once again analyzed the Clark real estate market for Clark home buyers and Clark home sellers.

This month, here's Wayne explaining the real estate market

 

Inventory:

In April, 14 homes were sold and 96 homes were offered for sale. To search for listings, please click here.

In real estate, supply and demand dictate prices. In Clark, sales remain brisk and the real estate market is holding steady. This translates into a sellers market - there are more buyers than there are sellers in Clark and this tends to result in an increase in prices.

Prices:

The average list price in Clark in May was $547,414 and the average sale price was $474,707, about 2% higher than the 12 month average. Homeowners are continuing to see a strong return on their real estate investment in Clark.

Days on Market:

The average sold home in Clark in April was sold after only 32 days on the market. Homes sell faster when they are:

  1. In pristine updated condition,
  2. Are marketed aggressively, and
  3. Are priced correctly.

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 Clark, 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.

undercontract

 

Posted by

 

 

 

~ 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.

 

facebook  Pinterest  LinkedIn  Read Our Blog!

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. 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
New Jersey Union County Clark
Groups:
New Jersey & Pennsylvania -- Realtors/Loan Officers/Title Clerks/Real Estate Lawyers
New Jersey Real Estate Experts
Tags:
clark nj real estate
team zuhl
selling a home in clark
buying a home in clark
samsel and associates
clark nj realtors

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,854,391
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Wayne and Jean. In your market a buyer must be prepared to act or accept the loss. Enjoy your day 

Jun 27, 2018 05:08 AM #1
Ambassador
1,481,013
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this market information.  It's most informative.

Jun 28, 2018 06:28 AM #2
Post a Comment
Spam prevention
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
1,257,099

Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
Want more information about Union County real estate?
*
*
*
*
Spam prevention

Additional Information