How’s the Westfield NJ Real Estate Market?

by Jackie on December 12, 2012

Westfield NJ had a slightly slower month for real estate closings in November 2012. 

This is not unusual.  Once the “Spring Buying Rush” is over, most home sales close before the school year begins in September.  As the holidays approach, fewer people are searching for their dream home and, generally, there is less inventory available on the real estate market.

In November 2012, home sales that closed ranged from a low of $120,000 to a high of $1,335,000 – and that’s quite a range. This gave a median sales price of $709,000 (an improvement over November 2011 when the median sales price was $586,000.)  The median “Days on Market” was 91 days and the actual listing-price-to-sale-price ratio was 95.9%.  If you’d like to take a look at the 15 homes that closed, please click the following link:

Westfield NJ Homes Sales, November 2012

Currently, there are still 98 homes available on the market in Westfield (click link for current Westfield NJ MLS Listings) – so buyers who are considering purchasing, still have a decent inventory to choose from.  Asking prices range from $115,000 for a 1 bedroom condo to $2,895,000 for a magnificent home.

When you’re buying a home in Westfield NJ, there’s a varied inventory available in many price ranges.  Here are selected examples of two homes that are currently on the market for sale and are typical of the lovely homes that Westfield NJ has to offer:

Dorian Road, Westfield NJ on the south side of town offering 3 bedrooms and 3 bathroom in a very nice family neighborhood

 

 

 

 

 

 

or a much larger home on Standish Avenue, Westfield, NJ, on the north side of town

 

 

 

 

 

 

 

 

If you’d just like to browse the MLS and see what homes in Westfield NJ, might be of interest to you, click this link and you can search the entire area and neighboring towns.  I’d be happy to show you any home that might interest you and help you to explore the neighborhood.

If you would like more information about buying or selling a home, please contact me on my direct line at (732) 261-6151.  I’d be glad to help you.

This information courtesy of Jackie Safran who is an award winning Real Estate Agent at RE/MAX Properties Unlimited in Westfield, NJ (732) 261-6151.  I help nice people sell and buy beautiful homes in Union and Middlesex Counties.

 

 

 

 

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