Cranford Real Estate Market Report - June 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 May and 22 homes were sold. Continued low inventory and high sales drives up prices.

Prices

The average sale price of a home sold in Cranford in May was $4453,500, slightly lower than the 12 month average of $486,826. As inventory continues to shrink, it's reasonable to expect that prices will go up.

 

Days on Market

The homes that were sold in May in Cranford had been on the market for an average of 42 days - faster than most of Union County.

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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Tags:
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Rainmaker
1,551,270
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Thanks for sharing your market update on the Cranford real estate market - it is good to see reports about other parts of the country! 

Jun 26, 2018 04:51 AM #1
Rainmaker
4,505,297
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Wayne and Jean Marie Zuhl (Jean)... anyone who is thinking of buying and/or selling in Cranford would be wise to call the Zuhl Team for guidance.... it's the smart move to make....

Jun 26, 2018 05:00 AM #2
Rainmaker
2,847,685
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Wayne and Jean. Thinventory has hit you. Thanks for the update. Enjoy your day 

Jun 26, 2018 05:12 AM #3
Rainmaker
1,643,117
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Wayne and Jean - you have all the stats for Cranford. Anyone looking for the best marketing for their home should contact you 

Jun 26, 2018 09:57 AM #4
Rainmaker
893,481
Joyce Marsh, Daytona Beach Florida
Joyce Marsh Real Estate - Daytona Beach, FL
Coastal Homes and Lifestyles

Interesting update for the Cranford New Jersey real estate market.  Buyers and Sellers need the latest information available to make educated decisions when it comes to buying and selling real estate. 

Jun 27, 2018 07:18 AM #5
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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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