Category Archives: Real Estate Market Activity

Cranford/Westfield Area Nosy Neighbor Reports!

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Are you curious about the real estate market activity in our area? Look no further than our monthly “Nosy Neighbor Reports” where we share all the data and information you are looking for! Today we are posting the home sales reports for April, 2017 with each sale and its price as the GSMLS.

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PLEASE LET ME KNOW IF YOU WOULD LIKE A NO OBLIGATION MARKET ANALYSIS OF YOUR HOME! JUST FILL OUT THE INFO BELOW:

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Cranford - April 2017

Cranford/Westfield NJ Area Market Activity April 2017

The Spring Market is in FULL FORCE, and the activity in our local towns is brisk! Let me know if you would like a No Obligation Market Analysis of your home!  I would be happy to help!

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Fill in the information below for your free Market Analysis!

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This Gorgeous Westfield Home Just Sold!

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Congratulations to my clients Jim and Christina on the closing of their GORGEOUS new home in Westfield, NJ! cTalk about curb appeal–this Tudor style home is a stunner from every angle. The interior doesn’t disappoint either, with the character of an old home meshing beautifully with modern updates and spacious additions, including a gourmet cook’s kitchen. With four large bedrooms, two-and-a-half baths, first-floor laundry, dedicated office space, finished basement parklike property, and an unbeatable location close to top schools and Downtown Westfield … would you believe this dream home sold for less than $1 million and never hit the MLS? It pays to have a realtor who is searching EVERYWHERE for the perfect home for you!

There are more wonderful homes on the market right now that will fit your budget! You can search for properties directly on this site… check out the search tool on the right! Don’t hesitate to contact me if you’d like to be the FIRST to know about homes that will be available soon!

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Another Iconic Cranford Home Sold!

307 Prospect Ave Cranford

 

Sometimes I can’t help but fall in love with a home that my clients are buying or selling. Just take one look at this stunning colonial on Prospect Ave in Cranford, and you’ll see why it was such a pleasure to help my clients Amy and Rich purchase this dream house! It is truly an iconic home with so many standout features that this family will get to enjoy for years to come. My personal favorite feature is the AMAZING sleeping porch at the top of the grand staircase! Currently used as a fantastic family room, it is not difficult to picture it being used during warm summer evenings long ago. It is so charming! And I couldn’t imagine a more wonderful town for anyone to buy a home in…that is why I love living and working in Cranford!

307 Prospect Ave Cranford

If you’re not living in your dream house yet, don’t worry … IT’S OUT THERE! And I can help you find it. You can search properties through this site, but better yet, give me a call or email me so we can discuss your goals. I’m always one step ahead of the market trends and often I know of properties before they hit the MLS. Let’s schedule an appointment to meet to discuss YOUR specific needs! Coffee on me!

 

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For Sale! 338 Warren St, Scotch Plains

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Look no further than this 4-bedroom, 2 1/2-bath colonial in Scotch Plains that has the curb appeal, living space, and location you’re looking for! Gorgeous hardwood floors highlight the open floor plan of the first floor, with large living room, updated kitchen with center island and breakfast area, formal dining room, bedroom/office, and powder room. The second floor boasts a spacious master suite with full bath, two additional large bedrooms, and second full bath. The partially finished basement offers exceptional recreation space and laundry room. A parklike backyard, quiet corner lot location, extra deep attached garage, and central air complete this move-in-ready home. Conveniently located close to NYC transportation and within 1 mile of vibrant downtown Scotch Plains!

Priced to sell at $659,000 Fill out the form below for more details and to schedule a private tour!

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Are You Keeping Up With Housing Stats For Cranford NJ?

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September was a very busy month for many folks with Back to School and the end of summer vacation, and it was equally busy in the Cranford real estate market, with 31 homes sold and an average days-on-market of 34! The average listing price was $465,010, and the average sale price was $455,519, which is 96.14 percent of the average listing price.

If you would like to get together to discuss your specific needs, feel free to give me a call at 908-447-3579 (cell) or fill out the form below!

Broker of Record: Coldwell Banker Residential Brokerage (Harold Maxwell) 908-233-0065
Privacy Policy & Terms Of Service – Copyright (c) 2016, Sharon Steele, All Rights Reserved.
Sharon Steele – Licensed Realtor® #0789515 – 600 North Ave. West, Westfield NJ, 07090

*Information as per GSMLS for the period of 9/1/16-9/30/16

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Westfield NJ Housing Stats for August 2016 as per GSMLS

HOME SALES IN CRANFORD/WESTFIELD AREA ARE FAST PACED!

Here are some of the housing *stats for Westfield for the month of August:

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Want to know how the housing market is faring in the Cranford-Westfield Area? I have all the information at my fingertips–just fill out the contact form and tell us which towns you’d like to get details about, and I’ll e-mail you a comprehensive list of how many houses sold in the previous month, what price they sold for, and more!

 

Broker of Record: Coldwell Banker Residential Brokerage (Harold Maxwell) 908-233-0065
Privacy Policy & Terms Of Service – Copyright 2014, Sharon Steele, All Rights Reserved
Sharon Steele – Licensed Realtor® #0789515 – 600 North Ave. West, Westfield NJ, 07090

*Information as per GSMLS for the period of 8/1/16-8/31/16

 

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Cranford NJ Closed Home Sale Data August 2016 as per GSMLS

 

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The market in Cranford is fast paced with 25 homes closing in August 2016 with an average Days on Market of 51! If you would like to get together to discuss your specific needs, feel free to give me a call at 908-447-3579 (cell) or fill out the form below!

Broker of Record: Coldwell Banker Residential Brokerage (Harold Maxwell) 908-233-0065
Privacy Policy & Terms Of Service – Copyright 2014, Sharon Steele, All Rights Reserved
Sharon Steele – Licensed Realtor® #0789515 – 600 North Ave. West, Westfield NJ, 07090

*Information as per GSMLS for the period of 8/1/16-8/31/16

 

 

 

 

 

 

 

 

 

 

 

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July Real Estate Market Activity in the Cranford/Westfield Area

The market in the Cranford/Westfield Area continues to SIZZLE! Here are the stats for July:

 Cranford has had 26 sales in the month of July with an average sales price of $434,847 and an average days on market of 43. So far, there has been a total of 110 sales in Cranford in 2013.

Cranford Activity July 2013

Cranford July

 

 

 

 

 

 

 

 

 

Westfield has had 58 sales in the month of July with an average sales price of $852,207 and an average days on market of 43. So far, there has been a total of 199 sales in Westfield in 2013.

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Westfield July

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For information about the activity in other area towns, just follow these links:

Clark July 2013

Fanwood July 2013

Garwood July 2013

Mountainside July 2013

New Providence July 2013

Scotch Plains July 2013

 

 

 

 

 

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What is the “Rate of Absorption” in Real Estate??

There are many factors to consider when trying to determine the strength of the market. One of the indicators we use in determining the health of any real estate market is the rate of absorption (ROA). Simply stated, the rate of absorption calculates how fast homes are selling based on recent sales and homes that are currently available. The ROA indicates how long it would take for the entire current inventory to be sold based on the number of homes sold in a measured period, usually 3 or 6 months. Conventional wisdom dictates that a ROA of greater than six months indicates a market that is “buyer advantaged” with enough inventory to give a buyer choices and perhaps less of an urgency to buy. When the ROA is less than six months, it indicates a market that is seller advantaged. Also, once the ROA drops below 3 months, there is the chance that a marketplace can experience price appreciation due to the current lack of inventory. When compared to the prior 3 or 6 month period, you can determine if a trend towards either type of market is occurring. For instance, the chart below compares the six month period ending June 30, 2013 with the six month period ending June 30, 2012 in Union County.

Rate Of Absorption 6/30/13 6 Months Document

I hope you find this information useful. Please call me at 908-447-3579(cell) with any questions you might have, or if you would like a No Obligation Market Analysis of your current home. I  am always happy to help!

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