Cranford, NJ Real Estate News

By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Cranford was listed as number 141 in NJ Monthly's Top Towns List last year and Cranford High School is ranked as number 206 in the Nation.   Inventory: There are currently 49 homes offered for sale in Cranford, NJ, ranging in price from $173,000 to $960,000. Nine homes were sold in February which is about average for the end of winter in Cranford.  The average sale price of a home in Cranford in February was $367,844, slightly lower than February of 2013 but 16% higher than February 2012. The average home that sold in February was sold after 40 days on the market.     To see current listings in Cranford like this beauty at 610 Hory Street, click here. If you're planning on selling your Cranford home, find out how much it is worth with a FREE Comparative Market Analysis by clicking here....
Comments 0
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Cranford, NJ, is home to about 23,000 people. The town was listed as number 141 in NJ Monthly's Top Towns List last year. There are currently 53 homes offered for sale in Cranford, including this beauty.   The inventory in Cranford is lower than it was over the summer but appears to be following a normal annual pattern. January is usually a slower month in real estate, but Cranford had 21 sales which is very high for winter.     Prices continue to fluctuate in the Cranford real estate market. The average home that sold in January was sold for $386,719, a bit of a drop from last month but about average for 2013.       Homes that sold in Cranford in January were, on average, sold after 42 days - significantly faster than most of Union County and faster than Cranford has seen for most of t...
Comments 3
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
Home sales in Cranford, NJremain stable The real estate market in Cranford, NJ remains stable at the beginning of 2014.  New single family home listings remained at fairly constant level from December, 2013 to January, 2014 and the inventory of homes for sale was also almost identical. Additionally, the absorption rate (how many months it would take for the current inventory to sell if nothing new came on the market) was basically the same from December to January, at 2.7 months.  This is down from 4.9 months the previous year, indicating that we remain in a Seller's market. Although the median sales price for a single family home dipped very slightly from December, it was up 2.9% year-over-year.  This is good news for the overall Cranford real estate market, as the housing market conti...
Comments 0
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
There are so many reasons to love living in Cranford, NJ.  Here's another... Cranford, NJ isn't just a town....it's a community.  Residents here take great pride in making this a premiere place to live.  Men, women...and kids especially, do what they can to enhance the quality of life for all residents. Last year, in response to Hurricane Sandy, a group of Cranford High School seniors formed CHAPS, the Cranford High Assistance Program.  The group helps local residents with various tasks, all for free.   And this year's freshman class has picked up where the seniors left off.  Whether it's shovelling snow, raking leaves, babysitting, or picking up groceries, these dedicated teens just want to give back to the community that they love. A full article about the group, it's members and serv...
Comments 1
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
Cranford, NJ Using Tech to Keep Residents and Vehicles Safe Wintertime in Cranford, NJ brings varying climate.  Some days frigid, followed by some more comfortable temperatures.  Snow and ice, followed by melting conditions, then re-freezing. All of this plays havoc on our roadways, and inevitably forms potholes.  These can vary in size and depth.  They can be lone divots, or can come in series to form a treacherous pathway. Besides being ugly and a nuisance, they can cause a great deal of damage.  Some of the wider or deeper pits can ruin tires and wheels.  Drivers swerving to avoid hitting them can cause accidents or possibly hit pedestrians.  All in all, they are just downright dangerous! But the town of Cranford, NJ is doing something to help.  As reported in the Cranford Patch, res...
Comments 4
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
Riverfront homes for sale in Cranford, NJ With the Rahway River winding through town, Cranford is known as the Venice of New Jersey.  It is one of the focal points of this Union County gem.  Picturesque and inviting, many town events revolve around this scenic waterway. Some of the most beautiful homes in Cranford, NJ back  the river.  With deep backyards, many of these homes are larger, and sometimes historic, homes.  Some have been updated with luxurious kitchens and baths, or spacious additions.  There is something for every taste. Many homeowners have docks and canoes.  In the warmer months, kids and families can be seen navigating the tree-lined river.  On the Fourth of July, the holiday festivities begin with the annual canoe races from the Cranford Canoe Club.  In the fall, the a...
Comments 1
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
Cranford, NJ Market ReportJanuary, 2014 The holiday season of 2013 was good for the Cranford, NJ real estate market, which finished strong.  And the outlook for 2014 remains positive. Indicators continue to show that we are in a Seller's Market and the real estate recovery moves on. Year-over-year, closed sales outpaced new listings.  In other words, more homes came off the market than went on.  Simple supply and demand tells us that this tends to increase prices.  And, this was the case.  The median home price was up almost 10% from December of 2012, to $425,000. Once again, the absorption rate (how long it would take for all of the current inventory to sell if nothing new came on the market) dropped.  In December 2013, the absorption rate was 2.9 months, down from 4.3 months the previ...
Comments 0
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Cranford, NJ, is home to about 23,000 people. The town was listed as number 141 in NJ Monthly's Top Towns List last year. At the end of December, there were 70 homes offered for sale in Cranford, but 30 more have been listed since New Years. To browse these listings, click here and then contact us to schedule your appointment.      Homes in Cranford continue to sell quickly as compared to other homes in Union County. Homes that sold in December were on the market for an average of 56 days. While this is slightly longer than homes that sold in November, it is significantly faster than homes that sold in December of 2012 when the average home sold after 89 days.   Sale prices in Cranford are up. The average home sold in December was sold for $458,063, about 15% higher than the average for...
Comments 8
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
A 2 family home on a historical site, 65 South Union Avenue in Cranford found new owners today!   How did Team Zuhl get this done? We held a broker’s open house which was very well attended by agents from our office and from other offices in the area. We held one public open house which saw better than average traffic. We wrote public blog posts, Facebook statuses, and Twitter feeds marketing the property for 3 months. We marketed the home verbally with other agents, pointing out the good bones and great location of the home so that agents could bring their buyers to see it. We published a virtual tour of the property on YouTube to maximize exposure. We used enhanced listings on Zillow, Realtor.com, and Trulia to increase appeal, attention, and visibility. You home can be sold quickly, ...
Comments 2
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
The real estate market in Cranford, NJ remains strong, even during what is typically a slower holiday period. The key indicators are in the Single Family Home sales.  The “absorption rate”, which is the month’s supply of inventory if no new homes came on the market is down 17% year-over-year, from 4.1 to 3.4 months.  An “even” market is 6months.  More than 6 months tends toward a Buyer’s market and less leans toward a Seller’s market. This is further evidenced by the median sales price being up 11% from November 2012, from $380,000 to $422,000 and the Days On Market is down a whopping 40%!! Finally, the List Price to Sales Price ratio is also up, indicating that there is more competition among Buyers and that properly positioned homes are receiving very close to asking price.   If you h...
Comments 2
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Cranford, NJ, is home to about 23,000 people. The town was listed as number 141 in NJ Monthly's Top Towns List this year. The students in Cranford attend Bloomingdale Avenue School (grades K-2), Brookside Place School (grades K-5), Hillside Avenue School (grades K-8), Livingston Avenue School (grades 3-5), Orange Avenue School (grades 3-8), Walnut Avenue School (grades PreK-2), and Cranfrod High School.  The inventory in Cranford has dropped significantly - in fact, it is lower than it has been since December of 2012. Currently, there are only 81 homes on the market. There were 11 homes sold in Cranford, the lowest month recorded in Cranford since March of 2013.     Home sales were down in November as was the average sale price. The average home sold in Cranford in November was sold for...
Comments 4
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
The Cranford, NJ real estate market remains strong through the fall. Thanks to the data provided by 10K Research through the New Jersey Association of Realtors®, the real estate market remains strong.  The data for all major indicators support a vibrant market for this Union County town. Numbers don't lie Through October, new listings were up 25% over the same period last year.  While this is important since we have been seeing a lack of inventory, the fact that closed sales are up 26.5% year-over-year shows the upward pressure on prices.  In fact, the median sales price was up 2.7%, from $389,500 to $400,000. Finally, we have seen that the average list price to sales price ratio has increased slightly, to 96.7%, while the absorption rate (the number of months it would take for all of t...
Comments 0
By Tg Glazer - The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area
(Coldwell Banker, Westfield, NJ)
Homes in Cranford, NJ not in a flood zone. This is one of the first things that people looking to move into the area ask about.  With the crazy weather that we've had the past few years, first with Hurrican Irene and then with SuperStorm Sandy, people looking to move to this beautiful Union County town are wary. I live in Cranford.  I have raised my family here.  Cranford has it all.  It is a wonderful town with a thriving downtown area full of shops and restaurants.  Transportation to NYC via both train and bus make it great for commuters.  And the school system is consistenly ranked among the states best! But the Rahway River that runs through town, while a source of great pride and summertime fun (thanks to the Cranford Canoe Club), it is also a source of consternation for those who ...
Comments 0
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Thinking about buying or selling in Cranford? Here's what you need to know about the real estate market in Cranford. The inventory in Cranford remains higher than it was in 2012 but has dropped a bit since the summer. Currently, there are 104 homes offered for sale in Cranford - 20% fewer than at the peak of inventory in July but still 25% higher than October of 2012. Sixteen homes were sold in Cranford in October - about 50% fewer than sold in the peak of July 2013 but 100% more than the lowest point of March of 2013. . Prices in Cranford have gone up slightly in October. The average list price was $442,646 and the average sale price was $423,821 - 3% and 9% higher than October of 2012. Homes in Cranford continue to sell quickly. The average home in Cranford was on the market for 51 da...
Comments 0
By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for sale by owner in  EGG CRANFORD TWP, NJ 07016 flat fee mls listing  395 only.Home for Sale By Owner in EGG CRANFORD TWP, NJ 07016 - Flat Fee MLS Listing $395 3 Besler Ave CRANFORD TWP, NJ 07016 - Realtors welcome, buyer agent commission paid at MLS# 3095154 3 Bedroom 2 Bathrooms A true gem in the desirable and historic town of Cranford. Completely remodeled Colonial w/3 bedrooms & 2 full baths. Location, location, location! Located in the suburban Unami Park Area which offers a short walk to downtown w/lively shops & restaurants, NYC train line, (30 mins to NYC), consistently highly ranked schools, manicured parkland and a short drive to adjacent Westfield featuring upscale retail and nightlife. Nestled on a quiet street, this home features s Sun-filled kitchen w/Granite Counter...
Comments 1
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Cranford, NJ, is a lovely town in central Union County and is home to roughly 23,000 people. Cranford High School has consistently ranked in the top schools in the Country and State. If you're thinking of buying or selling a home in Cranford, it's important to know how the market has been faring lately. Here are some statistics to help you make decisions about buying or selling a home. There are currently 98 homes offered for sale in Cranford, down from 123 in July. Home sales in Cranford are also down - there were 13 homes sold in September, compared to 29 sold in July.   Cranford home prices peaked this summer with the average home sold at $448,211 in August, down to $413,192 in September. Compared to the past year, Cranford's September sales were still high, but showing a typical aut...
Comments 0
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Cranford, NJ, is a lovely town in central Union County and is home to roughly 23,000 people. Cranford High School has consistently ranked in the top schools in the Country and State. At the end of July, there were 121 properties offered for sale in Cranford. This represents a 4% increase over June and a 36% increase over July of 2012. 26 homes were sold in Cranfod in July, the highest sales per month in the last 18 months.  Increased sales has resulted in a decreased months supply in Cranford, despite the high inventory. As calculated, there are 4.5 months of supply in Cranford. A Months of Supply of less than 5 months is what real estate professionals often call a "seller's market." This means that there are more buyers than sellers in the area and homes are selling quicker than they a...
Comments 4
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Students at Cranford Public Schools have plenty to keep them busy in between trips to the town pool. Here are links to the summer reading lists and supply lists for Cranford school students: Grades K-8 Summer Reading K-1 Summer Math 1-2 Summer Math 2-3 Summer Math Cranford High School The first day of school for all Cranford Public School students is Monday, September 9th. Happy Reading!
Comments 1
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Real Estate Professionals judge the strength of a real estate market based upon the Months of Supply in the area. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. A Months of Supply of 5 months is considered average - buyers and sellers are about equal in the area and homes are being bought at about the same rate that they are being put on the market. A Months of Supply of less than 5 months is what real estate professionals often call a "seller's market." This means that there are more buyers than sellers in the area and homes are selling quicker than they are being put on the market. Typically, this increases prices.   A Months of Supply of greater than 5 months is what real estate p...
Comments 1
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
As you begin preparing to sell your home, here are a few steps you need to make early in the process. First, if there are any repairs necessary in your home, make them now, before you list the home. Things like leaky plumbing, stained carpet, or broken windows need to be in working condition before you show your home.  You may want to consider making improvements that will increase the value of your home, depending on your time frame and budget. Some home improvements - like a new front door, for example - that will help to sell your home faster and will increase the price you get for your home.  Educate yourself on the home selling process. Here is a link to a free video called "Preparing your home to sell." It's filled with information that can help you make decisions about what to d...
Comments 2