Fanwood Real Estate Market Report - July 2015
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
Before you buy or sell a home in Fanwood, your first step is to understand how the real estate market is performing. Here's what you need to know this summer.INVENTORY: There are currently 49 single family homes offered for sale in Fanwood. It's evident in examining this graph that inventory increases every summer and decreases in the winter in Fanwood. There were 8 homes sold in Fanwood in June. PRICES: The average home sold in Fanwood in June was sold for $452,750 which is about 3% higher than the 12 month average of $440,209. The average sale price in June of the past several years is shown in this graph in green. It's evident that the trend is upward, and June 2015 saw averages about 14% higher than June of 2012.Fanwood sellers who want to get top dollar for their home will want t...
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