Westfield, NJ Real Estate News

By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Our latest figures for the Westfield NJ Real Estate Market report are in. It looks like inventories went way up in the first part of 2009, but leveled out again towards the end of the year. Prices were down between 10 and 25 percent depending upon the neighborhood, but homes in the first time buyer range actually showed signs of going up in price towards the end of the year. For the complete article, CLICK HERE, and visit the full blog with detailed statistics on Westfield NJ Homes Sold, Listed, Days On Market, and expired listing totals. Thanks for reading!  
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
We have just completed the analysis of the Westfield NJ Real Estate market and compared it to a year ago, and also compared it to the peak of 2005-2006. There are some interesting statistics that can help you if you are a buyer or seller in today's real estate market in Westfield, or even if you are a homeowner who is just curious. To view the complete article, Click Here Thanks for reading, and check back for more updates about local real estate
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Team Carroll is very proud to share our new community pages specifically designed to help you learn more about the lovely communities we serve. Today, our spotlight is on Westfield. Click the link below to check out some great information about Westfield, NJ, and a bit about real estate in the area. Westfield NJ Information Thanks for reading!!  
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By Camille Miller, SRES
(Just Jersey Real Estate.com)
When you are ready to begin your search we can refer you to several agents throughout many different brands around the Westfield area to guide you.  www.JustJerseyRealEstate.com provides you a transaction assistant to work with you as well as finds the right agent for your needs. Our referral network is made up of full-time residential experts in all brands that have been recommended by their broker and maintain top agent status.  Call, email, or fill out our "find an agent" form on our website when you are ready.  Best of luck to you.
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By James Rembish, Westfield-Summit Broker-Associate
(RE/MAX ACHIEVERS)
                       Before                                                        After     Staging your house to sell is more affordable than you think. Call on The Team of ReStyled to Sell at 732-995-3425 to schedule your initial in home consultation.    Phyllis Pafumi-ReStyled to Sell Staging Homes NJ
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
I have spoken to several potential sellers in the past few weeks and all of them share one thing in common. They are not happy with the price they can get for their house compared to what they could get just 5 or 6 short months ago. Here in the Cranford, Westfield, Union County NJ area, we saw a 10-15% price drop in a VERY Short period of time from the 4th quarter last year through 1st quarter this year. For sellers who were counting on $500k for their listing before the holidays, when they find out they can get 450k now, it really throws a kink in their plans. There is GOOD NEWS!!! What I have tried to explain to all of them is that if they are also buying in the same area, the seller they are buying from is taking the same hit, or even more of a dollar amount hit if its a higher price...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
SEAN CARROLL, WESTFIELD NJ REALTOR EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE  SEAN CARROLL of TEAM CARROLL of RE/MAX CLASSIC GROUP has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by "distressed" homes in the foreclosure process.  Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less cost...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Hey everybody! There are some terrific deals out there for you first time buyers. If you want to save a bunch of time and not bounce from website to website only to find incomplete information, check out this link below. For a complete list of homes (Including Property Addresses!!!!) along the NYC Train Line in these and other great NJ Towns log onto: http://www.NJAreaRealEstate.com No phone calls....no hassles....just the information you are looking for! a free service provided by RE/MAX Classic Group 908-898-0800  
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By Scott Gleason, Westfield NJ New Homes Specialist
(RE/MAX Select)
  Happily, Real Estate activity in Westfield has not screeched to a halt, as shown by the 38 contracts signed since the 1st of the year.  Selling at the current pace, and if no more homes are listed, Westfield would sell out in 8.9 months (absorption rate).  That is down from 12 months last fall, though it took some considerable price positioning to get there, as the chart also shows. Westfield is faring pretty well, because. . .people want to live here! What separates the dozens of houses sold from the multitude of "on-the-markets?"  What makes a seller sincere right now?  The successes are prepared, presented and priced in a truly businesslike way. Location and "move in" are very powerful now, along with value.  You can see that houses sold all over the price spectrum, and if you know...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Here are the raw numbers for Westfield NJ for the 2 month period from December 1 through January 31. Later this week, I will be posting the 4th quarter numbers and comparing that quarter to the 3rd quarter and the 4th quarter from a year ago, so you can see where are market is, and maybe even where it is going. Here is the data for those 2 months: Closed Sales: 19 (this is very low compared to past months) Avg. Sales Price: $785,842 Avg. Final List Price: $828,421 List to Sale Price Ratio: 94.8% (this is as low as I've seen this number in a while, indicating a very sharp decline in home prices in the 4th quarter, like I shared in prior blogs) Avg. Days on Market: 66 (you can still sell fast with proper pricing and marketing) Check back for more numbers soon for other towns, and for the ...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Here are the raw numbers for Westfield, NJ Real Estate for the Month Ending October 31, 2008. Average Sales Price: $659,488 Average Days on Market: 48 Average List to Sale Price Ratio: 97% Closed Transactions: 21 The sales activity declined sharply from prior months, as the financial news in September caused buyer activity to also decline sharply due to uncertainty, and a further tightening of the credit market. There were still a good number of closings for the fall, but I anticipate this 4th quarter total to be much less than a year ago. Check back for year over year comparisons, as well as quarterly comparisons, so we can see where we are in the market trends. Buyers: Opportunities to buy into this great town of Westfield are many. But you have to act quickly on the well priced homes...
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By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
Westfield has easy access to NYC with its own train station (Rail Service: Amtrac, Metroliner, NJ Transit, and Path) as well as area bus service (Grayhound, NJ Transit, and Surburban Transit). Westfield is located conveniently near several major highways. The Garden State Parkway, I-78, I-287 and the New Jersey Turnpike are all only minutes away. This access makes New York City and many other key destinations easy to reach. Newark International Airport is only 20 minutes away. Westfield is also served by New Jersey Transit, one of the most widely used commuter rail lines in America. Downtown Westfield has a popular shopping and entertainment center with many top quality restaurants of which several have been favorably reviewed by the New York Times and the Newark Star Ledger . Along wit...
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By Scott Gleason, Westfield NJ New Homes Specialist
(RE/MAX Select)
Scott Gleason | RE/MAX Properties Unlimited | scott@luxuryhomesnj.com | 908-518-5456 115 Wells St, Westfield, NJ This just listed, expanded and renovated home is entertainer's paradise with crackling fire in the big family room n 5BR/3BA Single Family House offered at $799,000 Year Built 1950 Sq Footage 2,800 Bedrooms 5 Bathrooms 3 full, 0 partial Floors Unspecified Parking 1 Car garage Lot Size 11,059 sqft HOA/Maint $0 per month DESCRIPTION Open Sunday, Oct 12th 1-4 pm. Take a number to see this superpriced home with so much to offer. see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Hardwood floor Tile floor Family room Living room Bonus/Rec room Office/Den Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven...
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By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
Westfield has easy access to NYC with its own train station (Rail Service: Amtrac, Metroliner, NJ Transit, and Path) as well as area bus service (Grayhound, NJ Transit, and Surburban Transit). Westfield is located conveniently near several major highways. The Garden State Parkway, I-78, I-287 and the New Jersey Turnpike are all only minutes away. This access makes New York City and many other key destinations easy to reach. Newark International Airport is only 20 minutes away. Westfield is also served by New Jersey Transit, one of the most widely used commuter rail lines in America.                   WestfieldWestfield is an attractive suburban community located about 25 miles southwest of New York City. It offers a small town environment with many diverse historical, cultural, recreati...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Here are the raw numbers for Westfield, NJ Real Estate for the Month Ending August 31, 2008. Average Sales Price: $797,043 Average Days on Market: 92 Average List to Sale Price Ratio: 94.6% Closed Transactions: 35 The sales activity remained consistent with July's numbers, as this has been overall a very healthy summer for Westfield, NJ real estate sales in terms of closed transactions. Check back for year over year comparisons, as well as quarterly comparisons, so we can see where we are in the market trends. Buyers: Opportunities to buy into this great town of Westfield are many. But you have to act quickly on the well priced homes, as motivated sellers are already building in the market correction to their list prices!!! Sellers: Get good, honest pricing advice from your Realtor, and...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Here are the raw numbers for Westfield, NJ Real Estate for the Month Ending July 31, 2008. Average Sales Price: $796,544 Average Days on Market: 64 Average List to Sale Price Ratio: 96.5% Closed Transactions: 34 The sales activity remained consistent with June's numbers, as this has been overall a very healthy summer for Westfield, NJ real estate sales. Check back for year over year comparisons, as well as quarterly comparisons, so we can see where we are in the market trends. Buyers: Opportunities to buy into this great town of Cranford are many. But you have to act quickly on the well priced homes, as motivated sellers are already building in the market correction to their list prices!!! Sellers: Get good, honest pricing advice from your Realtor, and let us guide you to position your ...
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By James Rembish, Broker
(REO Premier Properties)
Residential / Condo / Coop Listings No: ML# MED Status Town Code Address List Price Style RM BR TBT Gar BSMT Sold Price DOM 1 2484615  10   S  Westfield Twp.  2920  51-B1 SANDRA CIRCLE  $184,000 One Floor Unit  4  1  1  0  Yes  $184,000 157  2 2497190  1   S  Westfield Twp.  2920  515 Trinity Place  $299,000 One Floor Unit  4  1  1  1  No  $275,000 65  3 2487975  10   S  Westfield Twp.*  2920  925 E BROAD ST*  $399,900 Split Level  7  3  1.1  1  Yes  $420,000 105  4 2493745  8   S  Westfield Twp.*  2920  132 S FLORENCE AVE*  $449,900 Colonial  6  3  1.1  1  Yes  $430,000 117  5 2502704  7   S  Westfield Twp.*  2920  11 S WICKOM DR*  $459,000 Split Level  8  3  1.1  1  Yes  $459,000 83  6 2543010  10   S  Westfield Twp.  2920  209 Scotch Plains Avenue  $469,000 Colonial  7  3  1.1  2  Y...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Here are the raw numbers for Westfield NJ Real Estate for the month ending June 2008 Closed Sales : 41 Average Sales Price: $830,695 Averages Days on Market: 59 List to Sale Price Ratio: 95.1% This was a brisk month for sales in Westfield, and as you will see when I compare year over year, the market in our local area is still a healthy one for anyone looking to sell a home. PRICE it right, stage it well, market it well with a great Realtor, and you will still sell your home! Buyers, the homes that are priced properly are still ON SALE from the highs of 2005, making now a great time to get into the Westfield market. For the Cranford numbers Click Here: Cranford NJ Real Estate Report Thanks for reading! Sean Carroll - Realtor, Team Leader "Team Carroll" of RE/MAX Classic Group www.TeamCa...
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By Scott Gleason, Westfield NJ New Homes Specialist
(RE/MAX Select)
As a home marketing specialist, and Westfield NJ specialist, I must frequently excercise the discipline of averting my eyes from the real estate "meltdown" portrayed on national TV to look at our local market from various angles.  Last week two sales closed in two days for over list price, provoking me to post this report on the state of the Westfield home sales market.  To mangle Mark Twain's message to Westfield buyers, sellers and homeowners: reports of our demise are grossly exaggerated.  Looking over contracts signed in 2008 and already closed, there are 119 to date, with 23 at list price or better.  Avg Sale price: $754,031.  Avg SP % of LP: 97%.  Avg days on market 73 (including new homes listed a year or more before they can sell).  Of the 23 star sales, 2 or 3 were simply under...
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By Sean Carroll, Real Estate Speaker and "Expert" Coach
(The Get Off Your A$$ Academy)
Westfield NJ continues to be a popular option for home buyers in our area, as the quality of schools, downtown shopping, and NYC transportation have kept demand high! While prices are certainly off their highs of 2005, as you will see below, Westfield NJ Real Estate is still doing quite well in terms of market activity. Check back next week for a year over year comparison. Closed Transactions: 20 Average Sales Price: 694,025 Average Days on Market: 54 List to Sale Price Ratio: 96.9% Check out the Numbers for Neighboring Cranford, by clicking HERE  Thanks for reading! Sean Carroll - Realtor, Team Leader "Team Carroll" - of RE/MAX Classic Group http://www.TeamCarrollNJ.com  
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