Real Estate
2022 Real Estate ReCap for West Caldwell
2022 Real Estate ReCap for West Caldwell that discusses the number of units sold, prices paid, days on market and more.
Happy New Year to All West Caldwell Residents
This past year, 2022, was yet another very good year for real estate. As you can see from the chart below, All the stats demonstrate that we had a very healthy market.
The average price for homes sold in 2022 was $607,467, showing a 2.2% increase in price over the $594,174 average sale price in 2021, but it is great to see that we broke the $600,000 threshold. Average list prices showed a similar increase.
Find out what's happening in Caldwellswith free, real-time updates from Patch.
Again, the average price paid was 5% more than the average list price, so there was no change from 2021 to 2022. Similarly, the percent of homes that sold above asking was 76% of the homes sold, whereas the stats for 2021 were 76.8% that sold for over asking.
The average Days On Market (DOM) did show a slight movement toward a faster sale time, which is a reflection of having less inventory to sell. In fact, the most noticeable change was that we only sold 96 homes in 2022 versus the 125 homes sold in the previous year. The drop in inventory and, as a result, unit sales, may also be why we saw no homes sold over over $1,000,000 in 2022, while we did sell 3 homes for over One Million Dollars in 2021.
Find out what's happening in Caldwellswith free, real-time updates from Patch.
All in all, it was a very healthy year for Real Estate.
If you are thinking you may want to sell your home sometime this year or next, we would love to offer our services as when we are hired, we provide the strategies and systems, and experienced know how to ensure you get the most money possible for the sale of your property. Our stats consistently reflect the fact that our clients sell their home for more than the area stats in total for each town well sell in. In fact, we have even written a book on this subject, that is available to you upon request. Simply call or text Mark at 917-797-5059 to get a copy of his book.
Now that the article is finished, I'm thinking of heading over to get my favorite apple cinnamon pancake from the famous Original Pancake House.
Mark Slade is an award winning Realtor with Keller Williams. He can be contacted directly at 917.797.5059. He owns and operates several websites, each with home search capability: Slade Team Homes, New Jersey Luxury Homes Selling a West Essex area home involves many steps and having an experienced New Jersey Real Estate Agent and Realtor®, specializing in the Bedroom Communities of New York City in Essex/Union County— Roseland, West Caldwell, Caldwell, Fairfield, Verona, Millburn, Short Hills, Montclair, West Orange, South Orange, Livingston, Maplewood, Springfield, Summit, Madison, Chatham, Scotch Plains, Fanwood, Cranford and Westfield--by your side will make the transaction run a lot smoother. I would love to be your West Caldwell/Caldwell/Roseland/Fairfield New Jersey Area Real Estate Professional! I assist both buyers and sellers in the Bedroom Communities of New York City, mostly served by NJ Transit’s Mid-Town Direct Train Lines, offering commutes of 45minute or less to NY Penn Station, with either the purchase and or sale of residential real estate.
As an Accredited Buyer’s Agent (ABR), I have received special training to guide and educate you through the entire home buying process. From start to finish, I listen to your needs and desires in what you would like and take the information you give me to find you home. My GO-TO team can provide you the best in Real Estate advice with regard to attorney choices, Home Inspectors and Mortgage Loan Officers
I am also a Luxury specialist (CLHMS), I have received special training to guide and educate you through the entire home buying and selling process. Not only does this extra training help me better understand this upper echelon in real estate, its benefit include a special luxury website: www.njluxhomes.com and a corresponding worldwide luxury network that helps to put luxury buyers and sellers together.
As your West Caldwell/Caldwell/Roseland/Fairfield New Jersey listing agent I am well versed on as your local expert in all things in the West Caldwell/Caldwell/Roseland/Fairfield area Real Estate Market. You can expect personalized service that includes a detailed consultation on how to best position your Mid-Town Direct home to be competitive in today’s market with training to provide my clients with an in-depth Advanced Comparative Market analysis, and advice on staging. As my office’s technology officer as well as both a Zillow Platinum Premier and Trulia Premier agent, I use the latest and most up-to-date marketing methods to get your home in front of as many buyers as possible. Being your New Jersey Real Estate Agent and Realtor ® not only involves just finding the home or selling the home, but being your guide, negotiator, advisor and advocate and making sure that your needs and goals are met. Being your New Jersey Essex/Union County area Realtor® (with a little bit of Morris County thrown in for good measure) is one of my truest passions, and “Helping You Find Your Dream Home” is my number one priority. Don’t forget These Helpful Sites:
Let's work together to find you find your Dream Home or sell your current home if you are relocating!
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