It seems that the crisp Fall air provided a boost to the Westfield luxury real estate market. According to the September 2017 Westfield Area Market Report, active listings experienced a bit of a jump from their summer counterparts. Newly constructed properties dominated the scene. Meanwhile, sales dropped slightly. However, more homes came under contract. So, we may see a bump in sales by the end of October.
September 2017 Westfield Area Market Report
Active Westfield Luxury Homes for Sale in September 2017
The Garden State MLS reported a total of 23 active Westfield luxury homes on the market in September 2017. Of these, 15 were either new construction, currently under construction or waiting to be built. Twenty of them came on the market in just the last 30 days. These included colonials by Buontempo and Prominent Properties that are both currently under construction and a completed Victorian-style colonial. All three entered the market within the last eight days.
Westfield Luxury Homes Under Contract in September 2017
Seven Westfield luxury homes are currently under contract. Five of them are newly constructed homes. Four properties spent less than 30 days on the market. They included a large Classic Homes colonial (24 days), a north side colonial (12 days), a CH farmhouse colonial (10 days) and another CH colonial (8 days).
Westfield Luxury Homes Sold in September 2017
Two Westfield luxury homes were purchased in September 2017. One was a newly constructed home. The other, a renovated custom colonial, spent just 15 days on the market before entering escrow.
Westfield luxury homes continue to be a highly sought after commodity. With new construction on the rise, there’s a good chance you can still add your input into finishes and other details. But you’ll need to act quickly. Contact me today to see if your favorite neighborhood has a home you might want to make your own.
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Scott Gleason, CRS at Coldwell Banker Realty – East, NJ Luxury Homes