COVID-19 has had a major impact on the real estate market in Union & Essex County NJ. But it might not be what you think! in this video I talk about how the pandemic has effected home values, and makes some predictions for real estate market in 2020 and beyond.
So, quarantine is starting to get old.
I'm not going to lie - in the beginning it had the feel of a little stay-cation, and since I haven't taken time off in while, it felt nice. But I noticed more recently I've started getting bored, lazy, and gaining weight! I realized that there is a certain physical and psychological impact of being on lockdown. After a couple of weeks, it becomes a new normal. It's hard to stay motivated, and it's easy to slip into couch potato mode. IT'S DEPRESSING! I've found that the best way to avoid that quarantine malaise is to keep a schedule of daily activities and goals that are both mentally and physically engaging. For example, I've created a daily schedule out of the 5 tasks below and it's helped me stay focused, disciplined, and healthy. Add these to your daily routine and stay out of that lockdown rut!
2019 WINTER / SPRING REAL ESTATE MARKET REPORT
So 2019 is in full swing and we're coming up on that always anticipated Spring market. Let's recap how Union has done in the 1st quarter of 2019:
Total single family homes sold: 126
Avg list price: $334,683
Avg sales price: $329,305
Avg Days on Market: 51
# active listings: 160
Average sales price this March was up 12% over last year! For multi-family homes, the average sold price was $361,083. There are only 10 active multi-family listings right now. There is a serious lack of inventory!
Lowest single family sale: 268 Montclair Ave, SOLD $74,400
Highest single family sale: 380 Wayne Ter, SOLD $635,000
Lowest multi-family sale: 12 Roselyn Pl, SOLD $227,832
Highest multi-family sale: 349 Trotting Rd, SOLD $465,000
NJ Lecturers Gripe About Losing Offices, Then Lose Their Jobs
Landscaper Killed in Union Shopping Center
Who is Running in Union's Committee Primary in 2019?
This is just a market snapshot, I want you to be in the loop on what's happening in the area.
That's all for now!
Till' Next Time,
Silvio / Realty 33
At Realty 33, We tap into 25+ years of experience and market know-how to help our clients make streetwise real estate decisions.