The Simon Westfall-Kwong Real Estate Group is pleased to provide the March Market Update for Millburn Township. The Spring Market is here and it’s an unprecedented time for Sellers. With top-rated schools and easy access to NYC trains, Millburn and Short Hills are sought-after areas for buyers. Low interest rates on mortgages provide an added incentive for buyers to proceed with a purchase. Although still much lower than in years past, we are starting to see more inventory become available, giving buyers more options. Average Days on Market has started to rise in both towns. The average Sales Price is leveling off a bit, although overall volume of sales in Short Hills is almost 60% higher than in the first quarter of last year. Active listings are rising, (typical for this time of year) and with more homes on the market, some buyers are becoming a little more choosy. There is still more than normal competition for homes, and it is an ideal time for residents to list their property.
With interest rates still very low, it may be the right time to consider a second home. Westfall-Kwong and his team have been helping area residents with a shore or lake home purchase. The increased equity in a primary home may provide more buying power for a second home. There are many shore and lake communities with incredible values that are an easy drive from Millburn-Short Hills. The SWK team offers complimentary consultations to evaluate the possibility of a lake or shore home purchase.
About the Simon Westfall-Kwong Real Estate Group
The Simon Westfall-Kwong Real Estate Group of Keller Williams offers complimentary consultations. If you are thinking of selling your home in 2021 now is the time to get ready. Contact Simon at 973-489-8885 or simon@SWKRealEstate.com
The Simon Westfall-Kwong Real Estate Group has been serving New Jersey for over 15 years. They are:
• 2020 Team Sales Volume in excess of $105M!*
• #1 Keller Williams Premier Properties Team in Millburn-Short Hills 2020
• Top 1% in New Jersey and in Local Region*
• Top 1% KW Worldwide*
• #7 out of over 20,000 agents in GSMLS*
• Circle of Excellence 2011-2020*
*per GSMLS, Keller Williams and Real Trends.