Westfield, NJ

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 let us guide you to position your home properly in the marketplace to ensure that our marketing does what it's designed to do. You CAN still sell for a fair price..Just not the 2005 price!! Prices are still trending downward slightly, and this should be reflected when we compare our quarterly numbers which will be on our blog next week.

www.TeamCarrollNJ.com

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 home properly in the marketplace to ensure that our marketing does what it's designed to do. You CAN still sell for a fair price..Just not the 2005 price!!

www.TeamCarrollNJ.com

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 underpriced, and proved the market insists on paying for value even when sellers or agents under price. The other 20 were prepared right, staged right, priced right and promoted right, from the start. In a competetive (buyers') market, "right the first time" is gold.

If you would like to see the listings and pictures, please email Service@ValueMyHomeNJ.com. If you like to review lots of numbers please see below. You may also request a quick over the web analysis of your home's value.

If you would like a free, no strings consultation on how to join the ranks of successful sellers, please email Scott@LuxuryHomesNJ.com. Thanks for reading my first post!

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

Now is a great time to buy into this quality community of Westfield NJ. Prices are good, rates are low, and there are some excellent opportunities.

For a complete list of Westfield NJ homes for sale, and homes for sale in other towns surrounding Westfield, logon to:

http://www.NjAreaRealEstate.com

No calls....no hassles....just the information you want! INCLUDING PROPERTY ADDRESSES!!!!

A free service provided by:

RE/MAX Classic Group

908-898-0800