Westfield NJ Luxury Home Sale Trends Improve!

by Jackie on July 31, 2012

Westfield New Jersey Luxury home sales continue to improve …

… with June 2012 showing the most closings for the entire year on homes priced over $1 million.  Days on market have actually dropped to the lowest level since May 2011 with an average of 25 days,  and a total of 7 sales – the highest month so far in 2012.

Currently there are 47 homes available in the Westfield Luxury Home Market with asking prices ranging from $1,049,000 to $6,600,000.  The current average asking price, as of the end of July, is $1,634,500, and the average Selling-to-List Price ratio is 96.8%.  So there is still plenty of inventory and if you’re searching for your dream home, this is a good time to take a look at what Westfield has to offer.

There are a variety of luxury homes available in Westfield NJ and a home buyer can be sure to find everything from a beautiful Victorian, with it’s own character and unique story to tell, to a brand new Colonial waiting for your family to start its story!  Two recent sales most probably highlight the variety of homes that contribute to the variety of housing available in Westfield NJ.

Recent Luxury Home Sales in Westfield NJ

A spectacular 5 Bedroom, turn-of-the-century Victorian colonial home recently sold on Prospect Street, close to Downtown.  It boasted a wrap-around porch, a grand foyer and a host of architectural details allowing one to step back in time and enjoy the relaxed living style of yesteryear, along with modern conveniences of today.  It sold for $1,035,000 after 112 days on the market.

The other sale was a 5 Bedroom home on Woods End Road, just off of Lawrence Avenue, a Colonial that was built in 2010.  This lovely home offered quality craftsmanship, an open floor plan with large, bright rooms and had everything the buyer of newer construction is searching for, right down to the media room in the basement. It sold for $1,450,000 after only 27 days on the market!

Westfield, in New Jersey’s Union County (click link for current Westfield NJ MLS listings)  is known for the mixture of a sophisticated downtown, offering restaurants, boutiques and art galleries, with a small-town atmosphere.  It attracts young families from New York, Hoboken and others relocating from across the country.

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.

Comments on this entry are closed.

Previous post:

Next post: