June Market Snapshot of New Jersey

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

On June 6th, 2016 I took a snapshot of the real estate stats in various areas of New Jersey that I serve. I intentionally excluded condos and townhomes just to make things even. If you take a look at the graphic in the above video, you can see some interesting stats by column. Here's what we found:

“

Most of the towns with train lines close 

to New York are strong.

”

• Most of the towns with train lines close to New York are strong.
• Fanwood and Cranford have the highest number of homes under contract compared to the number of homes for sale.
• New Providence has the highest original list price vs. sold price ratio and the shortest days on market.
• Summit and Westfield are not as hot as you would think, and towns like Bloomfield are doing much better than you would think.
• Towns without train lines are not faring so well.
• Watchung, Warren, and Basking Ridge are faring worse than you would think. Warren only has 28% of its homes under contract, which is quite dismal.
• Basking Ridge and Watchung are also not faring well at only 41% and 42% respectively.
• Great schools are not a guarantee to sell your home quickly or for top dollar.

Thanks for watching today. Please let me know if you'd like me to send you these stats for a closer look. If you or anybody you know is looking to sell and needs professional advice, give me a call!