Rahway’s real estate market continues to be affected by a large numbers of distressed properties – short sales, foreclosures, and pre-foreclosures. This causes prices to drop and home sales to slow down. As the distressed properties are sold and get off the market, improvements should be more obvious than they ...
Continue ReadingLinden’s real estate market continues to show slow and steady improvement. The large number of distressed properties – short sales, pre-foreclosures, and foreclosures – impact the real estate market’s overall picture negatively, but, as the distressed properties clear off the market, the slow and steady progress will be more obvious. ...
Continue ReadingFanwood continues to be one of the most highly sought towns in Union County. Here’s a snapshot of the 2016 real estate market: Home Sales: 125 homes were sold in Fanwood in 2016, up 76% from the 71 homes that were sold in 2013. This accompanied a relatively steady inventory ...
Continue ReadingThe Cranford real estate market in 2016 saw an increase in condo sales and a resulting decrease in home prices. Average sale price – $429,710, down 2% from 2015. This is a result of an increase in condo sales and half duplex sales in 2016 and is not an indicator ...
Continue ReadingIf you own a home in Scotch Plains, or if you want to own a home in Scotch Plains, this is the place to find out what you need to know this winter. Inventory: There are currently 145 single family homes offered for sale in Scotch Plains compared ...
Continue ReadingIf you own a home in Fanwood, or if you want to own a home in Fanwood, this is the place to be for information about real estate values this winter. Inventory: There are currently 34 single family homes offered for sale in Fanwood which is normal for this time ...
Continue ReadingIf you own a home in Rahway, or if you want to own a home in Rahway, this is the place to be for information about real estate values this winter. Inventory: There are currently 160 single family homes offered for sale in Rahway, 17% fewer than the 12 month ...
Continue ReadingIf you own a home in Westfield, or if you want to own a home in Westfield, this is the place to be for information about real estate values this winter Inventory: There are currently 173 single family homes offered for sale in Westfield which is nearly exactly the same ...
Continue ReadingIf you own a home in Cranford, or if you want to own a home in Cranford, this is the place to be for information about real estate values this winter. Inventory: There are currently 74 single family homes are currently offered for sale in Cranford representing a drop in ...
Continue ReadingIn real estate, the months of supply is a measure that real estate professionals use as an indicator of the strength of the real estate market in an area. It tells you how many months it would take for all of the homes currently offered for sale in an area ...
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