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You are here: Home / Westfield NJ Real Estate / January 2020 Market Update

January 2020 Market Update

January 16, 2020 by Scott Gleason

3 Reasons a Quick Home Sale is a Lucrative Sale 

  1. Fresh is Fabulous.  There are 4,400 agents in our towns. If 1% of those agents has one buyer for your home, you will have 44 buyers swarming around your door in the first days on market.  They are the excited and ready buyers, looking for the new thing, not the reduced or repainted one from last season. 
  2. FOMO:  swarms of buyers can only visit the home in overlapping or simultaneous showings.  They cross paths and think “if I don’t step up on this one, those people could scoop me.” 
  3. Auction Effect:  A skilled listing agent will control the showing and offer schedule to maximize the chance of multiple offers, leading multiple buyers into a bidding war.  Not only do buyers pay the most, but they remember they are replaceable during the dread inspection negotiation.  Hooray for the seller! 

So, to finally debunk your uncle’s advice, “we have time to wait for a better price,” let’s turn to the charts!  This is a study of the last 12 months’ sales in the triangle from Madison to Cranford to Warren.  We are measuring the percent of original list price received by seller over time. 

Curious about your home’s value?

Please click below for the market update of interest to you:

Chatham

Cranford

Fanwood

Millburn-Short Hills

Mountainside

Scotch Plains

Summit

Watchung

Warren

Westfield by Grade School:

Franklin

Jefferson

McKinley

Tamaques

Washington

Wilson

Scott Gleason scott@luxuryhomesnj.com

Scott Gleason, CRS at Coldwell Banker Realty – East, NJ Luxury Homes

Filed Under: Westfield NJ Real Estate Tagged With: Westfield NJ market update

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Meet Scott Gleason - Westfield NJ Real Estate

Scott Gleason

Luxury Homes for Sale in Westfield, New Jersey

Coldwell Banker Realty - East

Westfield Area Luxury Homes

209 Central Avenue
Westfield, NJ 07090
908-233-5555 Office
908-698-2630 Mobile/Direct
Send an Email to Scott

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Scott Gleason

Coldwell Banker - East

Luxury Homes for Sale

in Westfield, New Jersey

908-233-5555 Office
908-698-2630 Mobile/Direct

Send an Email to Scott

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