514 WHITEWOOD RD, UNION 07083We are so pumped to present this new listing in Union. And why wouldn't we be?
We're talking about tasteful updated colonial an excellent location, near Washington school. We love showing off this one to potential buyers. The asking price is only $375,000!! Here is just some of what this home offers: - Center Hall colonial with open floor plan - Designer kitchen w/ tons of cabinet space - Hardwood floors throughout - Large master bedroom. - Large private, fenced in yard - Back deck for entertaining - Central A/C & Forced hot air heat! ALL THIS FOR UNDER 400K!! TAXES UNDER 10K! WOW! UPDATE: Open House this Sunday, Oct 28th 2-4PM. For more information about this home Call/text: 973.506.9866
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 Summer is officially over, and if you're like me, you're soaking in every last bit of sunshine and warmth we get before winter hits. ❄️ Let's recap how the market did over the last couple of months. Here's a quick summary of June thru September 2018: The average sale price in Union rose to $319,216 ⬆ up from last year's average by 5.6% ‼️ For new listings, the average asking price is $349,558, which is also up from $326,000 last summer. Highest single family sale: 459 Homestead Pl, $612,000 Lowest single family sale 863 Boyd Ave, $137,000 Highest Multi-Family sale: 1300 Biscayne Blvd, $465,000 Lowest Multi-family sale: 134 Valley St, $167,500 1149 Commerce Ave, Union, Asking $417,0001149 COMMERCE AVE, UNION / ASKING $417,000
2 FAMILY / 4BR 2 BATH / 2 CAR GARAGE / TAXES $9,612 Here is a great investment/owner occupied 2 family in an EXCELLENT location in Union. 1149 Commerce ave is a stately 2 family with newer roof and new 96% efficiency furnace. This property comes with 2 units, each about 800 sq ft. with 2 BR & 1 Bath. 1st. Refinished hardwood on the 1st floor, freshly painted walkout basement. Long driveway with oversized 2 car garage. and private yard. For more information on this great home just call / text 973.506.9866. UNION MONTHLY MARKET UPDATE MAY 2018 Good news - the average sale price is in Union is currently $309,301, up 5.7% over last year!
Here are some other highlights:
Union continues to develop and expand and has initiated projects to improve the streetscape and attract new businesses to the growing center. There is significant investor activity, with "house-flippers" buying a large stock of foreclosures and short sales before turning around and reselling at premium prices, some for upwards of $500,000! That's all I have for now. This is only a market snapshot, I just want you to have an idea of what's going on. Got any questions? Want to discuss your home's value? Let's talk. Connect with me at: 908-591-1433 I wanted to give you a quick update on how the real estate market in Union is doing so far in 2018. I put together data from January 1st through Feb 15, sort of a "mid-quarter" summary. Here are the highlights:
The year-over-year data shows continued growth in the real estate market in Union. Inventory remains low, as evidenced by 53 fewer homes on the market this year compared to last. We except this trend to continue as many homeowners are still waiting for their home values to rise above "Pre -08' crash" levels before even considering to sell. Of course there are some mitigating factors to consider: The stock market is currently experiencing a "correction", which could impact the real estate market if it continues to slide. Interest rates are also expected to rise, with some experts believing we could see a leveling off at 5% by the end of the year. However, it may be too early to predict to what extent these economic forces will effect our local market. Union, however, continues to develop and expand. The town has initiated projects to improve the streetscape and attract new businesses to Union Center, and several large commercial developments are expected to be completed this year. I will follow up on these changes and how they impact home values in a future post. |
ABOUT THE AUTHOR
Experience is the chief author of the Realty 33 blog, as we continue to learn new things everyday. This blog is intended to educate and help those that wish to know more about the world of real estate.
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