Union County Homes: Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Samsel & Associates)

Real Estate Market Update for Westfield, NJ - October 2016

Westfield is a beautiful town in Union County and is home to nearly 30,000 people. The vibrant downtown area, home to over 200 local and national stores and restaurants, was once called the old village area and was settled in 1720. Westfield is named because of its location in the western parts of the Elizabethtown tract.

Public high school students in Westfield attend   Westfield High School.

Commuters in Westfield enjoy New Jersey Transit's rail service from the Westfield Train station on the Raritan Valley Line to Newark Penn Station and then connecting to New York Penn Station. A 50 minute one-seat ride is available from WEstfield to NY Penn Station during weekday off-peak hours. New Jersey Transit bus route 113 takes one hour to New York city's Port Authority from Westfield.

Home buyers and home owners in Westfield need to understand the local real estate market in order to make informed decisions. This is what you need to know for October, 2016.

Inventory: There are currently 224 homes offered for sale in Westfield, representing an increase in inventory that is typical in Westfield in the autumn. Twenty six  homes were sold in September which is very low for September (September 2015 had 36 homes for comparison).

This graph shows the real estate inventory in Westfield since january 2012

Prices: The average sold home in Westfield in September was sold for $750,891, slightly lower than the 12 month average of $805,547. Prices in Westfield continue their upward climb as demonstrated by the light blue trend line in the graph below.

This graph shows the average home sale price in Westfield since January 2012.

Days on Market: A good indicator of the appeal of a town's real estate to buyers is the Days on market. Westfield continues to be in high demand by buyers as is demonstrated by homes that sell, on average, after 57 days on the market in September.

Selling a home in Union County can be a long, arduous process, or it can be quick and easy - it all depends on 3 factors:

  1. Condition. Is your home updated? Is it clean and uncluttered? Is it convenient for agents to show?
  2. Pricing. Is your home priced competitively? Are you attracting buyers in the price range that your home is actually valued?
  3. Marketing. Does your listing agent have an aggressive marketing campaign that includes print and digital marketing?

A fourth factor, over which you do not necessarily have control, is location. Within Union County, the length of time it takes to sell a home can vary from town to town.  Here is a comparison of the Days on Market for homes that sold in each town of Union County in June of 2016.

dom union county june 2016

While the aveage Union County home sold after 52 days, it's plain to see that homes in Westfield, Springfield, Mountainside, Kenilworth, Clark and Cranford sold much faster than average. Homes in Fanwood and Scotch Plains are slightly slower than average and homes in Linden, Rahway, and Union are much slower than average.

This has typically been the case for the past several years. This graph shows the Days on Market for each of the Union County towns since 2012.
dom union county 2012 to 2016

The good news is that all towns are showing an improvement in how long it takes to sell a home. Linden, in purple on this graph, was by far the slowest selling town in Union County 4 years ago but has dramatically improved from nearly 5 months to just over 2 months. Other towns have shown less improvement. For example, Kenilworth homes, shown in dark green on the graph,  and Fanwood, shown in orange, are selling after about the same length of time now as they were 4 years ago.

If you want to sell your home quickly, you need to focus your energy on competing with the other houses in your town.

>  First, be sure that your house shows well. If you need to clean it, remove clutter, or improve curb appeal, do it now!

> Second, confirm with your Realtor that the house is priced competitively. Ask your Realtor to do a Comparative Market Analysis, especially if your house has been on the market for a long time.

> Third, Evaluate the marketing system that your Realtor has been using. When you do a web search of  homes for sale in your town, does your house appear? Has your Realtor held any open houses?


If you're ready to sell your home and want to get it sold as quickly as possible, call Team Zuhl. We'll handle the rest!

 

 

 

~ 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. 

Comment balloon 9 commentsWayne and Jean Marie Zuhl • October 16 2016 11:10AM
Real Estate Market Update for Westfield, NJ - October 2016
share
Westfield is a beautiful town in Union County and is home to nearly 30, 000 people. The vibrant downtown area, home to over 200 local and national stores and restaurants, was once called the old village area and was settled in 1720. Westfield is… more
Attention History Buffs! Union County's 4 Centuries Weekend is here!
share
This weekend, October 15th and 16th Union County will feature their Four Centuries Weekend highlighting more than 30 different historical sites in nearly every town in the County. Some sites date to the 1600's while others are more "recent… more
Real Estate Market Report for Linden, NJ - October 2016
share
Linden home buyers and home sellers need to understand the Linden real estate market. Here’s what you need to know for October, 2016. Inventory: There are 240 single family homes offered for sale in Linden continuing the trend of decreasing… more
Fanwood Real Estate Market Report - October 2016
share
If you're planning on buying or selling a home in Fanwood, the first step is to get familiar with local market trends. Here's what you need to know for October, 2016. Inventory : There are currently 39 homes offered for sale in Fanwood which is… more
Real Estate Market Report - Clark, NJ - October 2016
share
Before you buy a home or sell a home in Clark, it's important to first understand how current market conditions compare to past market conditions and what that means for the future. Here's what you need to know for October, 2016. Inventory : There… more
SOLD!!! 70 Osborne Place, Cranford
share
Team Zuhl & Are proud to announce that the home at 70 Osborne Place In Cranford Has SOLD!!! This lovely 4 bedroom, 1. 1 bath Cape Cod style home has been redone on the interior. We are hopeful that the new owners will enjoy their new home and… more
Cranford Real Estate Market Update for October 2016
share
The Township of Cranford is nearly 5 square miles located exactly in the middle of Union County. First incorporated as a town in 1871, Cranford is still a thriving and growing community. In the late 1800's through the first few decades of the 1900… more
SOLD!!! 1525 Clinton Avenue, South Plainfield
share
Team Zuhl & Are proud to announce that the home at 1525 Clinton Avenue in South Plainfield Has SOLD!!! This lovely 3 bedroom, 2 bath split level home features an open floor plan, beautiful hardwood floors and a spacious kitchen overlooking the… more
Home Buyer Seminar was a HUGE success!!!
share
On Tuesday, September 6th Wayne Zuhl from Hallmark Realtors Denise Stark from Capital One Mortgage Jerry Yao from Clear Skies Title Gary Carvalho from Prudential Insurance and Real Estate Attorney Carolyn Kropp were the speakers at a Home… more
New Price on 2264 Elizabeth Avenue, Scotch Plains
share
Team Zuhl & Are proud to announce a new price on the property at 2264 Elizabeth Avenue in Scotch Plains. The home is now priced at ONLY $529, 000!!! A stunning 4 bedroom, 2 and a half bath split level home that has so many great features. The… more