Union County Homes: The Clark Real Estate Market - A Four Year Trend Analysis

The Clark Real Estate Market - A Four Year Trend Analysis

FREE market analysis of clark

As area experts, we can tell you that the Clark Real Estate Market was simply outstanding in 2016. So, how does 2016 compare to the previous several years?

  1. Firstly, inventory is down. This is an excellent indicator of a seller's market.   In 2013, the average inventory was 91 homes. However, in 2016, the average inventory 76 homes. This is an excellent indicator of a seller's market. 
  2. Overall, sales are up. In 2013, 130 single family homes were sold, compared to 167 homes sold in 2016. Lower inventory leads to increased demand, this tends to drive prices up.
  3. As A and B above show, prices are up!  The average sale price of a home in Clark in 2013 was sold for $360,138.   In 2016 the average sale price was up by 20% at $433,397.
  4. The Active Days on Market is down, another good indicator. The average time in 2013 to sell a home in Clark was 82.5 days as an active listing. However, in 2016, the average days on market was 51.5 days.  Things are looking good for Clark!!!

Clark real estate 2016 year end statistics

 

 

 

~ 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. 

Comment balloon 1 commentWayne and Jean Marie Zuhl • January 28 2017 11:12PM

Comments

Great report on the status of the business in Clark NJ.  Zuhl Real Estate knows how to get homes sold fast

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) 8 months ago

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