Here are the raw numbers for Scotch Plains, NJ Real Estate for the Month Ending August 31, 2008.
Average Sales Price: $515,764
Average Days on Market: 67
Average List to Sale Price Ratio: 95.9%
Closed Transactions: 17
The sales activity remained consistent with July's numbers, as this has been overall a healthy summer for Scotch Plains, NJ real estate sales in terms of closed transactions. Check back for year over year comparisons, as well as quarterly comparisons, so we can see where we are in the market trends.
Buyers: Opportunities to buy into this great town of Scotch Plains are many. But you have to act quickly on the well priced homes, as motivated sellers are already building in the market correction to their list prices!!!
Sellers: Get good, honest pricing advice from your Realtor, and let us guide you to position your home properly in the marketplace to ensure that our marketing does what it's designed to do. You CAN still sell for a fair price..Just not the 2005 price!! Prices are still trending downward slightly, and this should be reflected when we compare our quarterly numbers which will be on our blog next week.