June 2015 Market Update
By Scott Gleason, CRS, Westfield NJ New Homes Specialist
(Coldwell Banker Realty)
Is My Equity Back?It depends of course on when you bought, what you bought, the foresight of your improvements, and how your property suits in the vogues in your town. And let’s always remember-average sale prices are the average of the houses that are offered and sold that year. So in our towns, where 3-4% of homes change hands each year, the selection offered is a huge variable in the averages. Town 2007 2012 2015 Delta 2007-2015 Cranford $471,148 $400,697 $444,853 -6% Mountainside $701,857 $544,413 $618,189 -12% Summit $1,012,366 $885,612 $980,597 -3% Watchung $939,770 $673,294 $743,403 -21% Westfield $832,096 $690,870 $744,485 -11% All figures=average closed prices, 12 months back from May. Click below for the market update of interest to you:Cranford Fanwood/Scotch Plains ...
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