Average Home Sale Price in First Four Months of 2018 Remains But Volume drops
The average home sale price in Springfield, New Jersey was $425,563 for the properties that sold between January and April 2018, a drop of less than one percent compared to the same time period in 2017. However, the number of home sales dropped more than 25% to 43 houses compared to 58 that sold in 2017.
Housing prices in first 5 months of 2018 rise 10.4% while the homes sit on the market for less time
The Wayne, NJ housing market saw the average sale price rise 10.4% to $429.5k from January through April, 2018 compared to the same period in the year prior. Along with the increase in sale price, the average "days on market" for a home dropped 12% to 73 days,
Small Dip in Average Scotch Plains Home Sales in First Four Months of 2018
The average sales price for a Scotch Plains home was $547,273 for the first four month of 2018. This is a 1.7% price drop compared to the same period in 2017. Is it a dip or a blip?
Sales Drop in First Four Months of 2018 -- Small Average Price Dip But Big Fall Off is Number of Sales. What's Next?
For the first four months of 2018, eighty (80) properties sold in Montclair, New Jersey, for an average sale price of $644,340. This is a decrease of 3.3% during the same period in 2017 (average sale price of $666,208) - but a 22% drop in number of sales (103 property sold in first four months of 2017).
Is this the start of a trend? Or just a temporary blip?
Small Changes Can Add A Lot of Value to Your Home
Here are some resources with over 100 suggestions for increasing the value of your home. Some of them are small upfront costs with big benefits.
Let the Tress Team at Keller Williams work with you in developing a plan to develop a plan that will fit your budget. Call us at 732-515-9696 and ask for Peter Klein, or email us at firstname.lastname@example.org.
Tight Inventory Helps Sellers But Buyers Are Still Looking to Move to Scotch Plains
This has been a good year for home sellers and buyers in Scotch Plains. Over 75 homes were sold, with an average price of over $536,000. The Tress Realty Group offers property owners a free Home Valuation for those looking to sell or for those just curious about what they home is work. Click here to get started here for a Free Home Valuation.
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
For some people, buying their home makes the most sense, and for others, renting is best. To determine which is right for you, you first need to determine whether you can afford to buy. Then you need to consider other factors, including the time you'll stay in your new home, the home's prospects for appreciation and taxes. Just answer the following questions and we'll advise you on what seems best for you.
Average sales price for past year up 8.1% vs. Prior Year
Home sellers in Scotch Plains, New Jersey are cashing out at bigger numbers, with the average sales price up 8.1% for the last twelve months compared to the year before.
According the the Garden State Multiple Listing Service, there were 325 residential homes sold in Scotch Plains for the year ending February 22, 2018. The average sale price was $571,338. This compares to almost the same number of homes some in the prior year (323), but the average sale price was only $527,960.
Homeowners don't generally think about filling the shoes of a first-time home seller until they decide to buy a new home. Usually, the motivating factor is the need to move -- due to work-related issues or the needs of a growing family -- and that generally involves buying another house.
It's when the homeowners stop to consider the move that it may dawn on them, yes, because they need to sell, they are now a first-time home seller.
The Fourth Grade Service Project Collects Cans of Food for Local Charities
As the Philadelphia Eagles and New England Patriots prepared for Super Bowl LII in Minneapolis, students at Evergreen Elementary School in Scotch Plains had their own battle.
Fourth graders organized a school-wide can drive through the Souper Bowl of Caring. Students brought cans of soup, fruits, vegetables, beans and more that were placed in collection bins - one labeled for the Eagles and one for the Patriots.
There's no catch for this deal. Wawa is offering free coffee in support of the Eagles up until kick off at 6:30 p.m. on Super Bowl Sunday.
Wawa and Philadelphia are inextricably connected. When one thinks of Wawa, one thinks of Philly, and vice versa.
And in keeping up with its Philly-area roots, the popular chain is offering customers free coffee in honor of the Philadelphia Eagles making it to the 2018 Super Bowl.
On Feb. 4, Super Bowl Sunday, Wawa is offering free any-size coffee to customers as a showing of support for the Birds as they take on the New England Patriots.
The free coffee deal is available all day Sunday up until kick off at 6:30 p.m.
And there is no catch either. No purchase necessary, no need to show an app, nothing. Just free coffee to honor the Birds and their Super Bowl bid.
The final legislation will benefit many homeowners, homebuyers, and real estate investors
The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members, not only in the last three months, but over several years.
Click here for the full details from NAR
We're inside a spectacular corner duplex loft built in the landmarked Jefferson Trust Bank Building in Hoboken, New Jersey. Much of the unique original detail was perfectly preserved which makes journeying through it a constant revelation.
10 Security Life Hacks to Protect Your Home Against Thieves. Here are the most common schemes burglars usually stick by.
Jon Fortt digs into how new tax laws change the housing picture with CNBC's real estate correspondent Diana Olick ,
You could live in the safest country or neighborhood in the world, but sometimes outer forces may require a little more than that. No matter if the world outside is crumbling due to extreme weather or any other event, here’s a few of the safest homes to be in when it rains, floods, storms, or for when you need a house to hide in while society rebuilds itself.
Weighing neighborhood concerns about a trend in the construction of out-sized homes in the Washington section of the municipality against anxieties about the potential impact a zoning change might have, the local government approved a change regulating such buildings.
The Township Committee favored the zoning change in a 3-to-1 vote on Tuesday before a crowd of about 50 residents, who appeared divided in their opinions on the ordinance.
Click here for full story from NorthJersey.com.
Tress Realty Group compiles some of the best real estate news, tips, and information for buyers, sellers and investors.