Fanwood, NJ Real Estate News

By Paul F. Stillwaggon Warren NJ, NJ Estates Real Estate Group, Weichert Realtors
(Weichert Realtors)
Set Back on 3/4 of an Acre in the heart of Fanwood. Walk to town, to trains and to schools. (Elementary is 1½ blocks, Middle is 1 block, and High School is 3 blocks.) Excellent Location. Original Center Hall Dutch Colonial built in 1916. Formal Living Room, Formal Dining Room, Enclosed Porch, Kitchen, Den, 4 bedrooms, 1½ Bath; oversized 1 car detached garage.NEW PRICE $450,000. CALL PAUL S (Cell) 908-310-1358 orGERI SMITH (Cell) 908-391-3271 CLICK ON PICTURE FOR MORE INFO NEED MORE INFOhttp://www.njestates.net/indxform.htm COMPLETE INFO UPDATED WEEKLY Our Listings. Luxury New Homes. Custom Built New Homes. Land, Building Lots. New Jersey Estates. All New Jersey Homes. Real Estate Listings Blogs. Real Estate Information Blogs. Our Open Houses. Our Town & School Reports. New Jersey Estate...
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By Paul F. Stillwaggon Warren NJ, NJ Estates Real Estate Group, Weichert Realtors
(Weichert Realtors)
Set Back on 3/4 of an Acre in the heart of Fanwood. Walk to town, to trains and to schools. (Elementary is 1½ blocks, Middle is 1 block, and High School is 3 blocks.) Excellent Location. Original Center Hall Dutch Colonial built in 1916. Formal Living Room, Formal Dining Room, Enclosed Porch, Kitchen, Den, 4 bedrooms, 1½ Bath; oversized 1 car detached garage.NEW PRICE $450,000. CALL PAUL S (Cell) 908-310-1358 orGERI SMITH (Cell) 908-391-3271 CLICK ON PICTURE FOR MORE INFO NEED MORE INFOhttp://www.njestates.net/indxform.htm COMPLETE INFO UPDATED DAILY Our Listings. New Jersey Estates. All New Jersey Homes. Real Estate Listings Blogs. Real Estate Information Blogs. Our Town & School Reports. Our Open Houses. New Jersey Estates/ Weichert Realtors Watchung Office 908-561-6499
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By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
Like many Central Jersey communities, Fanwood was built along the railroad lines of the Central Railroad of New Jersey, and the first homes in the borough were clustered around the train station, which as the time was located east of Martine Avenue.Once a summer vacation spot for well-to-do city dwellers, Fanwood borough has evolved into an attractive suburban community and a "great place to raise kids". The borough was originally settled by vacationers who were attracted to the area by its "wide open space and clean air".The 1.3 square-mile borough was carved out of the Township of Scotch Plains in 1895. To make the commute to the city easier, the early developers placed the railroad station in the center of the borough, ensuring that it was no farther than a half mile from any part of...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Fanwood's residential listings were down by 24% in August 2008 by comparison to last year. The listing price was down by 4%, with an average of $457,665. New listings were also down by27% with an average price of $465,291. Homes under contract and scheduled to close were also down by nearly 14%, with an average price of $460,100. However, closings for the month were up 8%, with an average sales price of $431,393.      
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By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
The borough owes its name to the railroad. The first president of the railroad named the train station Fanwood in honor of Fanny Wood, the daughter of a railroad official and an author who wrote articles highlighting the beauty of the Central Jersey region. The original railroad station, a stone Victorian structure, stands today as testimony to the borough's beginnings. It serves as Fanwood's community center where many meetings are held. Fanwood is still an important commuter town, and many residents use the train to get to their jobs in Newark and New York City. The train ride to NYC is approximately 45 minutes.     FANWOOD BOROUGHThe Lenni-Lenape Indians were the first residents of the area. Martine Avenue was the old Indian Trail. Fanwood was once part of Westfield, as was Scotch Pl...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
The July 2007 average volume of residential listings was 434 with an average price of $342,175. The July 2008 volume was 511 with an average price of $306,176. The Change in volume was a 17.7% increase. Equally interesting was the similarities in the new listings activity. July 2007 saw 76 listings averaging $337,540 and July 2008 had 80 new listings averaging $312,758. Now we come to the numbers reflecting the sales activity. July 2007 had 20 properties go under contract averaging $308,800 versus July 2008 with 22 properties averaging $227,386. Finally, the month of July 2007 closed out with 28 homes sold averaging $305,114, while July 2008 saw 15 homes sold averaging $242,584. In summary, the market remains robust for listings. Sales on the other hand are down , as are the sales price...
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By Paul F. Stillwaggon Warren NJ, NJ Estates Real Estate Group, Weichert Realtors
(Weichert Realtors)
CLASSIC DUTCH COLONIAL ON LARGE LOT PAUL STILLWAGGON (Cell) 908-310-1358 CLICK ON LOGO & PICTURE FOR MORE INFO NEED MORE INFOhttp://www.njestates.net/indxform.htm COMPLETE INFO UPDATED DAILY Our Listings. Contact Us. New Jersey Estates Web Site. Our Luxury New Homes. Our Pre-Owned Homes. Real Estate Listings Blogs. Real Estate Information Blogs. Our Open Houses. Our Town & School Reports. New Jersey Estates/ Weichert Realtors Watchung Office 908-561-6499
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By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
The borough owes its name to the railroad. The first president of the railroad named the train station Fanwood in honor of Fanny Wood, the daughter of a railroad official and an author who wrote articles highlighting the beauty of the Central Jersey region. The original railroad station, a stone Victorian structure, stands today as testimony to the borough's beginnings. It serves as Fanwood's community center where many meetings are held. Fanwood is still an important commuter town, and many residents use the train to get to their jobs in Newark and New York City. The train ride to NYC is approximately 45 minutes.    Fanwood BoroughThe Lenni-Lenape Indians were the first residents of the area. Martine Avenue was the old Indian Trail. Fanwood was once part of Westfield, as was Scotch Pla...
Comments 0
By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
    FANWOOD BOROUGHThe Lenni-Lenape Indians were the first residents of the area. Martine Avenue was the old Indian Trail. Fanwood was once part of Westfield, as was Scotch Plains. Like many Central Jersey communities, Fanwood was built along the railroad lines of the Central Railroad of New Jersey, and the first homes in the borough were clustered around the train station, which as the time was located east of Martine Avenue.Once a summer vacation spot for well-to-do city dwellers, Fanwood borough has evolved into an attractive suburban community and a "great place to raise kids". The borough was originally settled by vacationers who were attracted to the area by its "wide open space and clean air".The 1.3 square-mile borough was carved out of the Township of Scotch Plains in 1895. To ...
Comments 0
By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
    FANWOOD BOROUGH, New JerseyThe Lenni-Lenape Indians were the first residents of the area. Martine Avenue was the old Indian Trail. Fanwood was once part of Westfield, as was Scotch Plains. Like many Central Jersey communities, Fanwood was built along the railroad lines of the Central Railroad of New Jersey, and the first homes in the borough were clustered around the train station, which as the time was located east of Martine Avenue.Once a summer vacation spot for well-to-do city dwellers, Fanwood borough has evolved into an attractive suburban community and a "great place to raise kids". The borough was originally settled by vacationers who were attracted to the area by its "wide open space and clean air".The 1.3 square-mile borough was carved out of the Township of Scotch Plains ...
Comments 0
By Jane Nicastro-Disch Warren NJ, NJ Estates Real Estate Group of Weichert Realtors
(Weichert Realtors)
      Fanwood BoroughThe Lenni-Lenape Indians were the first residents of the area. Martine Avenue was the old Indian Trail. Fanwood was once part of Westfield, as was Scotch Plains. Like many Central Jersey communities, Fanwood was built along the railroad lines of the Central Railroad of New Jersey, and the first homes in the borough were clustered around the train station, which as the time was located east of Martine Avenue.Once a summer vacation spot for well-to-do city dwellers, Fanwood borough has evolved into an attractive suburban community and a "great place to raise kids". The borough was originally settled by vacationers who were attracted to the area by its "wide open space and clean air". General Information Incorporated:Population:Area:County:Websites:18957,140 (1998)1.29...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
The Boro of Fanwood is quite a stable town. There is very little turnover in compariosn to the neighboring communities.However, there were 59 residential properties for sale in March 2007 with an average price of $494,264.During the month 16 new listings were introduced to the market with an average list price of $506,093. This same period 13 residential properties went under contract. The average list price of the properties with offers was nearly 7.73% less than those that just came on the market, at $467,008.The residential properties which actually sold and closed title in March, sold for an average sales price of $416,100 and there were 10 of them, with an average of 62 days on the market.What does all of this mean? Well, sellers can expect to have their properties on the market fo...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Fanwood has very few multifamily properties, so it stands to reason that there are few available for sale. However, what Fanwood lacks in numbers it more than makes up for in character and charm.There were two properties available for sale in February, with an average list price of $724,900.  The average days on market were roughly 89.. Interestingly enough, there was 1 new listing with a sales price of $749,900. No multifamily properties went under contract in February. Neither were there any closed  sales in February.This month Fanwood joins the ranks of other  communities in New Jersey, where properties are taking longer to sell.  
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Nestled in the borders of Scotch Plains, is the sleepy little borough of Fanwood. As you can imagine there isn't much turnover here.However, there were 67 residential properties for sale in February 2007 with an average price of $481,354, most of which had lingered on the market for a little over two months.During the month 38 new listings were introduced to the market with an average list price of $465,916. This same period 16 residential properties went under contract. The average list price of the properties with offers was was 6.25% less than those that just came on the market, at $439,550.The residential properties which actually sold and closed title in February, sold for an average sales price of $408,813 and there were 8 of them, with an average of 69 days on the market.What doe...
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Fanwood has very few multifamily properties, so it stands to reason that there are few available for sale. However, what Fanwood lacks in numbers it more than makes up for in character and charm.There were two properties available for sale in January, with an average list price of $762,400.  The average days on market were roughly 38.. Interestingly enough, there was 1 new listing with a sales price of $749,900. No multifamily properties went under contract in January for either year. Neither 2006 or 2007 had closed sales in January.Fanwood is one of the few communities in New Jersey where properties are selling in less than two months. This may in part be attributable to the low turnover.  
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By William Collins, Property and Asset Management
(ERA Queen City Realty)
Nestled in the borders of Scotch Plains, is the sleepy little borough of Fanwood. As you can imagine there isn't much turnover here.However, there were 46 residential properties for sale in January 2007 with an average price of $490,613, most of which had lingered on the market for a little over two months.During the month 20 new listings were introduced to the market with an average list price of $458,060. This same period 10 residential properties went under contract. The average list price of the properties with offers was was 6.25% less than those that just came on the market, at $429,410.The residential properties which actually sold and closed title in January, sold for an average sales price of $397,83 and there were 3 of them, with an average of 51 days on the market.What does a...
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