How's the Real Estate Market in Scotch Plains?
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
About 23,000 people live in the beautiful Union County town of Scotch Plains. Many of those people take advantage of the 45 minute easy commute via New Jersey Transit to Manhattan. There are currently 116 homes offered for sale in Scotch Plains, representing a 20% decrease in inventory over the past 3 months. Only 9 homes were sold in November, compared with 28 sold in October and an average of 32 sold each month this summer. The average price of a home sold in Scotch Plains was $545,278 in November, compared with 10% higher this summer. The average price of a home sold in 2013 so far is $495,384 compared with an average of $484,174 in 2012. The average home that sold in Scotch Plain in November had been on the market for 78 days, up from 46 in September but still lower than t...
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