Fanwood, NJ Real Estate News

By Paul F. Stillwaggon Warren NJ, NJ Estates Real Estate Group, Weichert Realtors
(Weichert Realtors)
Click for All Town Listings Fanwood is a borough in Union County, NJ. Fanwood was incorporated as a borough in 1895 from portions of what we now know as Scotch Plains. Conveniently located minutes from Route 22 and Interstate I 78, Fanwood offers easy commuting possibilities. New Jersey Transit offers both train and bus service to New York City and points in between. Newark Liberty International Airport is about 14 miles away. Public school students in Fanwood and neighboring town Scotch Plains attend the schools of the Scotch Plains-Fanwood Regional School District, which serves students in pre-Kindergarten through twelfth grade. The downtown area near the train station offers many shopping and dining options. Over the last five years, downtown has gone through a redevelopment by new c...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Before you buy or sell a home in Fanwood, NJ, your first step is to educate yoursef on the market conditions in the area. Here's what you need to know for July, 2014.         For more information on selling a home How Do Sellers Choose the Right Agent? Preparing Your Home to Sell PRIDE in Selling Your Home  3 Simple Steps To Selling Your Home Fast - 03/26/12 4 Ways to Get Union County Homes to Sell Quicker!! - 01/12/12 For more information on Fanwood Real Estate: Fanwood Real Estate Market Report - 7/7/14 Fanwood Real Estate News - 5/18/14 Fanwood Update - 4/17/2014 Fanwood Real Estate Market Report - 2/8/14 Fanwood Real Estate - 1/18/2014 The Fanwood Real Estate Market Update - 12/14/13 Fanwood's October Market Report - 11/8/2013 Fanwood Real Estate Market Report – August 2013 - 08/14/...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
If you plan to buy or sell a Fanwood home, your first step is to learn about the real estate market condtions in Fanwood. Here's what you need to know for June, 2014. Inventory: There are currently 47 homes offered for sale in Fanwood. They range in price from $189,900 to $3,950,000 - definitely something for every budget. Eleven homes were sold in June, the highest number of sales since July of 2012. Prices: The median sale price of a home in Fanwood in June was $415,000, slightly below the 12 month average of $428,000. To see this month's infographic, please click here.     For more information on selling a home How Do Sellers Choose the Right Agent? Preparing Your Home to Sell PRIDE in Selling Your Home  3 Simple Steps To Selling Your Home Fast - 03/26/12 4 Ways to Get Union County H...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
  May's Real Estate Market was a busy one in Fanwood with 8 homes sold at a record high average sale price! Here's what you need to know if you're thinking of buying or selling a home in Fanwood:   Inventory - The 2014 Fanwood real estate inventory isn't as high as we saw in 2013 which may drive prices up.  Currently, 41 homes are offered for sale.             Prices - Driven up by lower than normal inventory and by the typical spring/summer bounce, the average sale price in May in Fanwood was $551,050.         Days on Market - Homes are selling quickly. The average home in Fanwood was sold after only 56 days on the market. While that is quick and a definite improvement compared to the 111 days we saw in March of 2014, compare it to May of 2013 when the average Days on Market was 38.   ...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
  Inventory: There are currently 38 homes offered for sale in Fanwood at an average list price of $459,500. Nine homes were sold in April. In 2013, the inventory got as high as 49 homes in May and as low as 25 homes in December.      Prices: There were nine homes sold in April at an average sale price of $402,000. The average sale price over the last 12 months was $409,622 with the highest in July of 2013.       Days on Market: March was sluggish in Fanwood with the average home selling after 111 days on the market. Things have certainly picked up in April when the average days on market was 72 days - still slower than the last 12 months average of 60 days.      What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today! For more information on selling a home:  3 ...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
            Inventory: There are currently 33 single family homes offered for sale in Fanwood, representing about 50% increase in inventory over February of 2014. The average list price of homes currently offered for sale in Fanwood is $454,803. Five homes were sold in March. Prices: The average sale price of a home in Fanwood in March was $390,500.      What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today! For more information on selling a home:  3 Simple Steps To Selling Your Home Fast - 03/26/12 4 Ways to Get Union County Homes to Sell Quicker!! - 01/12/12 For more information on Fanwood Real Estate: Fanwood Real Estate Market Report - 2/8/14 Fanwood Real Estate - 1/18/2014 The Fanwood Real Estate Market Update - 12/14/13 Fanwood's October Market Report - ...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today! For more information on selling a home:  3 Simple Steps To Selling Your Home Fast - 03/26/12 4 Ways to Get Union County Homes to Sell Quicker!! - 01/12/12 For more information on Fanwood Real Estate: Fanwood Real Estate Market Report - 2/8/14 Fanwood Real Estate - 1/18/2014 The Fanwood Real Estate Market Update - 12/14/13 Fanwood's October Market Report - 11/8/2013 Fanwood Real Estate Market Report – August 2013 - 08/14/13  5 Steps to Sell your Fanwood Home! - 07/30/13 Months of Supply in Fanwood - 07/13/13 Real Estate Market Report for Fanwood, NJ for April, 2013 - 05/07/13 Fanwood Real Estate – January-March, 2013 - 04/14/13 How long will my Union County home be on the market? - 02/24/13  Fanwood Real E...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
The borough of Fanwood, NJ is home to just under 7500 people. Students in Fanwood are served by the  Scotch Plains-Fanwood Regional School District. The Fanwood station is a New Jersey Transit railroad station on the Raritan Valley Line, making Fanwood a convenient home for commuters to NYC.   Currently, there are 14 homes offered for sale in Fanwood. Inventory in Fanwood tends to be cyclical - higher in the spring and summer, and lower in the fall and winter. This January's inventory is, however, the lowest inventory seen in Fanwood for several years.  How will this affect prices? A lower inventory usually drives prices up as supply isn't sufficient to meet demand.   The average sale price of a home in Fanwood was $369,250 in January. This is slightly lower than recent months. It's rea...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
The borough of Fanwood, NJ is home to just under 7500 people. Students in Fanwood are served by the  Scotch Plains-Fanwood Regional School District. The Fanwood station is a New Jersey Transit railroad station on the Raritan Valley Line, making Fanwood a convenient home for commuters to NYC.   Inventory is down in Fanwood. There are currently 17 single family homes offered for sale  in Fanwood, ranging in price from $199,000 to $770,000. Eight homes have sold so far in January, compared to the total of 5 homes sold during the entire month of December.  While inventory has shrunk (25 active listings a month ago, 32 listings a year ago), sales have been brisk. Eight homes have sold so far in January, compared to the total of 5 homes sold during the entire month of December.    As you migh...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
The borough of Fanwood, NJ is home to just under 7500 people. Students in Fanwood are served by the  Scotch Plains-Fanwood Regional School District. The Fanwood station is a New Jersey Transit railroad station on the Raritan Valley Line, making Fanwood a convenient home for commuters to NYC.   Homes in Fanwood continue to sell quickly. The average home that sold in Fanwood in November sold in 52 days, quicker than the 73 days it took in October.   The inventory in Fanwood has dropped from 47 homes offered for sale in June to only 32 homes offered for sale in November. To browse the homes that are for sale in Fanwood today, please click here. Five homes sold in November, compared to 10 homes that sold in October. Over 2013, an average of 6.25 homes sold per month, compared to an average ...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Thinking about buying or selling a home in Fanwood? Here's everything you need to know. Fanwood is a small town, home to about 7000 people, in Union County. There are currently 29 homes offered for sale in Fanwood - a lower inventory than Fanwood has seen in 2 years. Eight homes sold in Fanwood in October - 10% less than sold during the summer months, but significantly better than the one home that sold in October of 2012.  Prices in Fanwood remain strong. The average home that sold in Fanwood was listed for $456,845 and sold for $432,413. There has been no measurable drop in prices since autumn set in, and prices have been strong since summer of 2012.  One of the reasons prices remain strong in Fanwood is the eagerness of buyers to purchase homes. The average home in Fanwood sells afte...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Fanwood is a beautiful small town in Union County and is home to about 7000 people. The real estate market in Fanwood continues to be robust, and buyers and sellers are wise to do some market research in order to make decisions about their property. Here are some statistics from the Fanwood real estate market to help buyers and sellers as they navigate the real estate waters. There are 30 homes currently offered for sale in Fanwood, the lowest inventory Fanwood has seen in quite some time - how that affects prices will remain to be seen. Homes in Fanwood continue to sell close to list price. The average home sold in Fanwood in September sold for $436,786 and was listed for $439,527, indicating that buyers are still finding Fanwood to be a desirable place to call home. The average home t...
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By Paul F. Stillwaggon Warren NJ, NJ Estates Real Estate Group, Weichert Realtors
(Weichert Realtors)
FANWOOD, NJ 07023 This web page is provided as a public service for home buyers, sellers and residents in the North/Central New Jersey. If you are interested in other communities please contact us, and we will be happy to obtain the information for you and send it to you.  Fanwood is a small town with a big heart. A borough in Union County, NJ. It was incorporated as a borough in 1895 from portions of Fanwood Township, now known as Scotch Plains. Located 20 miles southwest of New York City, the borough offers to families train and bus transportation as well as highway access to metropolitan hubs. A charming Victorian styled building, the Fanwood station (also known as Fanwood-Scotch Plains), is a New Jersey Transit railroad station on the Raritan Valley Line, providing rail service to ...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Beautiful Fanwood, NJ, is located in southern Union County and is home to just over 7000 people. There are currently 48 properties offered for sale in Fanwood and there were 8 homes sold in Fanwood in July. . The average sale price of a home in Fanwood in July was $459,475. While sale prices in Fanwood tend to fluctuate due to a low inventory and a wide variety of homes, home prices in Fanwood are on the rise. July of 2013 showed a 20% increase in sale price over July of 2012.   So what does this all mean to Fanwood homeowners? Call Team Zuhl for a complimentary consultation on your home buying and selling needs.   For more information on Fanwood Real Estate: 5 Steps to Sell your Fanwood Home! - 07/30/13 Months of Supply in Fanwood - 07/13/13  Real Estate Market Report for Fanwood, NJ f...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Sell my home in Fanwood!   Real estate in Fanwood is HOT HOT HOT! If you want to get in on the summer market, here are some things you need to know: First, if there are any repairs necessary in your home, make them now, before you list the home. Things like leaky roofs, dead light bulbs, and broken windowsneed to be in working condition before you show your home.  In terms of home improvements, you may want to consider making improvements that will increase the value of your home. Depending on your time frame and budget, there are 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.  For more information on preparing your home, here is a link to a free video called"Preparing your home to ...
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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 pro...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Beautiful Fanwood, NJ, is located in southern Union County and is home to just over 7000 people. After last spring's very high inventory, Fanwood has had a relatively stable, but low, inventory of homes. April, 2013 had 38 active listings, compared to April of 2012 which had 55 active listings. Sales have increased somewhat. There were eight homes sold in April of 2013, compared to 4 homes sold in April of 2012.    Fanwood homes continue to sell quickly as they have for nearly a year. Homes in Fanwood have sold within the first two months on the market, on average, since June of 2012. Quick home sales reflects the continued low inventory.     The average list price of homes in Fanwood has increased pretty consistently over the past year and the average list price in April of 2013 was 13...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
On May 1, 2013, Congressman Rush Holt will be the speaker at the Fanwood-Scotch Plains Rotary meeting.  Representative Holt will be on hand to make comments and answer questions.   This will also be a "Guest Day" for the Rotary, inviting non-Rotary members to a meeting with the hopes that they will like what they see so much that they will be intersted in joining. For more information, please visit the Fanwood-Scotch Plains Rotary website.
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Market Analysis of Fanwood, NJ, Real Estate Market for January-March, 2013   Total number of properties available - 33 Total sales - 11 Average sale price - $463,578 Average list price - $435,555 Average Days on Market - 101 Average Sale Price/List Price ratio - 97% Absorption Rate - 6.01 months of inventory (4-6 months is a "normal" market, less than 4 months is a "sellers market" and more than 6 months is a "buyers market.") For a list of all active properties available in Fanwood today, please click here and click on "Search Homes." For a free market analysis of your home, please email us at TeamZuhl@gmail.com. For more information on Fanwood Real Estate: How long will my Union County home be on the market? - 02/24/13  Fanwood Real Estate Market Report - 12/27/12 It's a Seller's Mark...
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By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Fanwood will hold their Annual Easter Egg Hunt this morning at 11:00 am at Forest Road Park. All children 10 and under are invited to meet the Easter Bunny and hunt for over a thousand eggs filled with goodies around the partk. Bring your own bunny drawing or decorated egg to enter the contests!  
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