Cranford, NJ

The media would have you believe that NO ONE is buying a home anywhere, and that the sky is not only falling, but falling on your house. So why is it then that properly priced homes are FLYING off the market??? Why????

Because DEMAND is still here in the Cranford NJ area. The demand means that there are still plenty of buyers who want to live here, and need to live here, because of the location, schools, transportation, and all of the other great qualities of our communities. So why then in a supposed "bad market" are buyers getting outbid on homes, and some homes selling in less than a week, including most of our listings we've had this year? Well, even though prices are down from their highs in 2005, there are sellers who are aware of this, and who are pricing their homes properly, and hiring great agents to market them and help stage them. When this happens, you WILL find multiple offers, and you WILL lose out on a house if you don't make a decision quickly, and make a fair offer.

Listen to the advice of your agent, and ask for a market analysis. If the numbers show you that the home you love is priced fairly, or even below market value...DON'T WAIT...because guess what? There are dozens of other buyers out there who saw the same data, and the same house, and who are likely drawing up an offer right now.

Sometimes, a home is overpriced...and if your agent is a good buyer's specialist, they will tell you the truth about that situation, and encourage you to be tougher negotiators.

Sean Carroll - Realtor, Team Leader

"Team Carroll" of RE/MAX Classic Group

www.TeamCarrollNJ.com

FORE!!!!!

This Monday, the Cranford NJ Chamber of Commerce will be holding its annual golf outing at Hyatt Hills Golf Club. I will be making my 2008 golf season debut, so if you are in my foresome, please be patient! :)

The Cranford NJ Chamber of Commerce is a great organization where you can network with your fellow professionals, learn about each other's businesses, and just meet some great people! For more information, click on any of the links above.

Sean Carroll - Realtor, Team Leader

"Team Carroll" of RE/MAX Classic Group

www.TeamCarrollNJ.com

Here are the raw numbers for Cranford, NJ Real Estate for the Month Ending May 31, 2008.

Average Sales Price: $503,769

Average Days on Market: 67

Average List to Sale Price Ratio: 97.1%

Closed Transactions: 13

There were 5 less closed transactions in May than in April, but I have seen more go under contract, that will likely appear in the June numbers.

Check back at the end of this week for a year over year comparison to 2007, to see how the Cranford NJ market is faring compared to a year ago.

Thanks for reading!

Sean Carroll - Realtor, Team Leader

"Team Carroll" - Real Estate Professionals

RE/MAX Classic Group

www.TeamCarrollNJ.com

Another month has passed, and we are winding down the second quarter of 2008. With that, comes the Monthly "Cranford NJ Real Estate Summary" that we like to share with you, so you have an idea of what's happening in the market.

This week, we will be releasing the monthly sales numbers for May, 2008, and next week, we will be comparing those figures to the same timeframe last year, so we can see what the market is doing year over year.

For up to date Cranford NJ Real estate information, check out our website at www.TeamCarrollNJ.com

Tune in Thursday for those numbers!

Here are the raw numbers for Cranford, NJ Real Estate for the Month Ending April 2008.

Average Sales Price: $374,605

Average Days on Market: 65

Average List to Sale Price Ratio: 96.6%

Closed Transactions: 18

Next week, I will issue the comparison analysis for Cranford compared to last year, so you can see the trends, and how things are holding up. Overall, Cranford has done brisk sales activity in the $550K and under price range, as many first time buyers, and second time "moving up" buyers are capitalizing on low mortgage rates, and favorable pricing. Lots of multiple offers if the home is priced correctly.

Thanks for reading!

Sean Carroll - Realtor, Team Leader

"Team Carroll" - Real Estate Professionals

RE/MAX Classic Group

www.TeamCarrollNJ.com