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REAL ESTATE BLOG
TIPS FOF BUYING & SELLING REAL ESTATE IN UNION & ESSEX COUNTY NJ
Here is a quick update on how the real estate market in Irvington is doing so far in 2018. I put together data from January 1st through Feb 15th, sort of a "mid-quarter" summary. Here are the highlights:
The year-over-year data shows continued growth in the real estate market in Irvington. Inventory remains low, as we see 57 fewer homes on the market today compared with 1 year ago. I expect that trend to continue as many homeowners are still waiting for their home values to rise above "Pre -08' crash" levels before putting their homes on the market.
Irvington continues to develop and expand. There is significant investor activity, with many "house-flippers" buying property to renovate and resell. Each time one of these renovated homes is sold, the market pushes up a little bit higher. Last year, the highest sale price for a single family home was $205,000. This year, a home has already sold for $225,000!!
Well, that's all I have for now. but If you have any questions, please let me know!
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.