Garwood NJ Homes Sold in January - Garwood NJ Real Estate Market Summary

The real estate market in Garwood, NJ has adjusted in a similar fashion to surrounding towns, with prices easing off historic highs at a rate of about 6-9% from one year ago. Recently though, homes have sold at a faster rate - especially in December. This decline in inventory has made sales more brisk, and the next few months will be critical for the price trend. If inventory remains constant, the prices should remain stable. If inventory rises to mid- 2006 levels again, we can expect the gradual pricing declines to occur. Since Garwood NJ is a smaller town, the numbers are smaller compared to other towns, but the percentages from month to month show a similar pattern to surrounding towns.
There are currently 18 single family homes on the market for sale in Garwood. These numbers have stayed relatively stable over the past month, with an equal number of sales and new listings.
There was only 1 property that closed in January in Garwood, which sold for $299,000 and was on the market for 22 days.
Prepared By:Sean Carroll - RealtorRE/MAX Classic GroupYour local Realtor serving Cranford, Westfield, Berkeley Heights, Garwood and Surrounding Areas

Changing People's Lives - The Idealistic Realtor from Cranford NJ

I've been accused of being the idealist on more than one occasion, especially after closing a sale with great buyers, but if I can't share joy in this job, then why am I doing it?
My most recent closing was with a retired couple relocating back to the area where their family lived, despite the fact that they are leaving behind a 5 year old house and purchasing a home that is worth the same price, but 50 years older. Our market in Northern NJ is considerably more expensive then Southern NJ where they are coming from.
The feeling I got when seeing this wonderful gentleman literally skip back to his car after the walk through because he was so happy we were closing on this house he loved so much, brought great joy to my day, and reminded me of why I do this job. Granted, I love being paid at closing, but to see a happy client is just priceless for me, especially clients as honest, pleasant, and genuine as these folks.
I also must admit that I see many of my colleagues getting bitter, jaded, and cynical as this market has turned, and spend most of the day badmouthing their customers, and namecalling because the client won't just bid full price, or reduce their listing 10% in price because their agent told them to. My next question is usually "How did you present this to them, and what was your attitude when doing so?" ....that's not a real popular response when some agents are just waiting for me to validate their cynicism.
If being an idealist means I try to keep a positive attitude, NO MATTER WHAT, then so be it. Sometimes life happens, and it hurts, and it;s difficult, but as long as I focus on wonderful moments like this closing, I'll keep getting up grateful that I am in a job I absolutely love - despite its challenges. Have a great spring season everyone!

The real estate market in Berkeley Heights, NJ has adjusted in a similar fashion to surrounding towns, with prices easing off historic highs at a rate of about 6-9% from one year ago. Recently though, homes have sold at a faster rate - especially in December. This decline in inventory has made sales more brisk, and the next few months will be critical for the price trend. If inventory remains constant, the prices should remain stable. If inventory rises to mid- 2006 levels again, we can expect the gradual pricing declines to occur.

There are currently 54 single family homes on the market for sale. These numbers have stayed relatively stable over the past month, with an equal number of sales and new listings.
Although prices and demand in general have trended lower, Berkeley Heights still remains an appealing option or many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes.

There were 9 properties that closed in January in Berkeley Heights, the average selling price was $662,668 and the average days on market for these 22 homes was 110 days. (according to Garden State MLS Statistics)

Prepared By:Sean Carroll - RealtorRE/MAX Classic GroupYour local Realtor serving Cranford, Westfield, Berkeley Heights, Garwood and Surrounding Areas

Berkeley Heights Real Estate Market Report

For the 12 month period ending January 31, 2007 as compared to the 12 month period ending July 2006, there are some clear signs that the real estate market in Berkeley Heights, NJ has continued to correct from record price appreciation, and a polarized seller's market to a moderate buyer's market and flat prices to slight price decline.

Average Days On Market:
12 mos Ending 7/2006: 70
12 Mos. Ending 1/2007: 52

List Price to Sales Price Ratio:
7/2006: 98%
1/2007: 97%

Total Listings Activated in MLS
7/2006: 952
1/2007: 1182

Prepared By:
Sean Carroll - Realtor
RE/MAX Classic Group
Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your neighborhood Realtor

Westfield NJ Real Estate - Westfield Homes Sold in January 2007

For the 12 month period ending January 31, 2007 as compared to the 12 month period ending July 2006, there are some clear signs that the real estate market in Westfield, NJ has continued to correct from record price appreciation, and a polarized seller's market to a moderate buyer's market and flat prices to slight price decline.

Average Days On Market:
12 mos Ending 7/2006: 61
12 Mos. Ending 1/2007: 53

List Price to Sales Price Ratio:
7/2006: 98%
1/2007: 97%

Total Listings Activated in MLS
7/2006: 2389
1/2007: 2727

Prepared By:
Sean Carroll - Realtor
RE/MAX Classic Group
Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns

Westfield, NJ Real Estate Market Report

The real estate market in Westfield, NJ has adjusted in a similar fashion to surrounding towns, with prices easing off historic highs at a rate of about 6-9% from one year ago. Recently though, homes have sold at a faster rate - especially in December. This decline in inventory has made sales more brisk, and the next few months will be critical for the price trend. If inventory remains constant, the prices should remain stable. If inventory rises to mid- 2006 levels again, we can expect the gradual pricing declines to occur.

There are currently 179 single family homes and 7 multi family homes on the market for sale. These numbers have stayed relatively stable over the past few months, with an equal number of sales and new listings.

Although prices and demand in general have trended lower, Cranford still remains an appealing option or many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes.

There were 22 properties that closed in January in Westfield, the average selling price was $662,668 and the average days on market for these 22 homes was 68 days . (according to Garden State MLS Statistics)

Prepared By:
Sean Carroll - Realtor
RE/MAX Classic Group
Your local Realtor serving Cranford, Westfield, Berkeley Heights, Garwood and Surrounding Areas

Cranford NJ Homes Sold - Cranford NJ Real Estate Market Summary

The real estate market in Cranford, NJ has adjusted in a similar fashion to surrounding towns, with prices easing off historic highs at a rate of about 6-9% from one year ago. Recently though, homes have sold at a faster rate - especially in December. This decline in inventory has made sales more brisk, and the next few months will be critical for the price trend. If inventory remains constant, the prices should remain stable. If inventory rises to mid- 2006 levels again, we can expect the gradual pricing declines to occur.

There are currently 58 single family homes and 7 multi family homes on the market for sale. These numbers have stayed relatively stable over the past few months, with an equal number of sales and new listings. Inventory levels are much higher than before, giving buyers more options when selecting a home.

Although prices and demand in general have trended lower, Cranford still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes.

I expect this price softening trend to continue for the next several months, with buyers willing to pay a fair price for homes, and disregarding homes that are priced considerably above market value.

There were 12 properties that closed in January in Cranford, the average selling price was $505,841and the average days on market was 55. (according to Garden State MLS Statistics)

Prepared by Sean Carroll, Realtor
RE/MAX Classic Group

Cranford, NJ Real Estate Statistics and Cranford Real Estate Market Report

For the 12 month period ending January 31, 2007 as compared to the 12 month period ending July 2006, there are some clear signs that the real estate market in Cranford, NJ has continued to correct from record price appreciation, and a polarized seller's market to a moderate buyer's market and flat prices to slight price decline.

Average Days On Market:
12 mos Ending 7/2006: 44

12 Mos. Ending 1/2007: 54

List Price to Sales Price Ratio:
7/2006: 98%

1/2007: 97%

Total Listings Activated in MLS
7/2006: 1283

1/2007: 1145

While these figures definitely support a more balanced and normalized real estate market, over the past several months, the amount of buyers and sellers has remained relatively equal. In the coming months, the inventory should rise, and depending upon the number of buyers, the prices and trends will react accordingly.

Prepared By:

Sean Carroll - Realtor

RE/MAX Classic Group

Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your Realtor!

BUYING A HOME IN CRANFORD OR WESTFIELD NJ?

Finding homes in Cranford or Westfield NJ, or any other surrounding areas is sometimes a challenge. You can find it here though, including resale, new homes, new home construction, condos, luxury homes, lots, land, townhouses, or investment property. Make your home search easier and become a VIP Buyer receive immediate information of ALL new listings that match your criteria emailed to you. As always, if you have any questions about the Cranford or the Westfield NJ real estate market, or finding that perfect home here, please let me know!

SELLING YOUR CRANFORD OR WESTFIELD NJ HOME?

If you're thinking of selling your home in Cranford or Westfield New Jersey, the first thing you should ask is "How much is my home worth?" Being educated on market trends in Cranford or Westfield New Jersey gives you the best chances of selling your home quickly and for the best price possible. Click on "Free Market Analysis" to request a free (C.M.A.) Comparative Market Analysis of your Cranford or Westfield NJ home. Remember, I also take advantage of the latest technologies to make sure your property has a strong presence on the Internet. For example if someone is looking for real estate or a Cranford Realtor, they have a much higher chance of finding this site, and YOUR listing. Contact me today and I will be happy to give you more information about my services to sellers.

Sean Carroll - Realtor
RE/MAX Classic Group
http://www.Cranfordhomesonline.com