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Archive for the 'Westfield' Category
Westfield NJ Home Sales – August 2010
Westfield NJ Home Sales - August 2010
(The following data is provided by the Garden State Multiple Listing Service, LLC. It is deemed to be reliable, but is not guaranteed.)
- Number of Listings on Market = 193
- Average List Price For Active Listings = $818,818
- Number of New Listings Entering Market = 30
- Number of Listings Placed Under Contract = 20
- Absorption Rate = 8.65 Months
- Number of Sales Closed During Month = 22
- Average Original List Price = $807,427
- Average Sale Price = $766,318
- Average OLP/SP Ratio = 94.91%
- Average Days on Market = 43
The Following Is The List of Sold Homes Sorted by Closing Date
| Street# | Street | Town | OLP | SP | CLOSED | DOM |
| 118 | Connecticut Street | Westfield Town* | $595,000 | $590,000 | 8/3/2010 | 9 |
| 636 | PROSPECT ST* | Westfield Town* | $699,900 | $735,000 | 8/3/2010 | 21 |
| 51B3 | SANDRA CIR | Westfield Town | $129,000 | $125,000 | 8/5/2010 | 21 |
| 415 | HILLSIDE AVE* | Westfield Town* | $2,199,000 | $2,000,000 | 8/6/2010 | 49 |
| 615 | TREMONT AVE* | Westfield Town | $1,199,900 | $1,275,000 | 8/9/2010 | 7 |
| 1914 | GRANDVIEW AVE* | Westfield Town* | $699,900 | $600,000 | 8/12/2010 | 88 |
| 554 | HIGHLAND AVE* | Westfield Town* | $769,000 | $736,000 | 8/13/2010 | 23 |
| 24 | S WICKOM DR* | Westfield Town* | $324,900 | $372,000 | 8/16/2010 | 42 |
| 222 | DELAWARE ST* | Westfield Town* | $479,000 | $480,000 | 8/16/2010 | 14 |
| 121 | PEARL ST* | Westfield Town* | $819,900 | $795,000 | 8/17/2010 | 109 |
| 846 | CEDAR TER* | Westfield Town* | $1,050,000 | $929,000 | 8/18/2010 | 71 |
| 523 | ALDEN AVE* | Westfield Town* | $1,549,000 | $1,250,000 | 8/18/2010 | 63 |
| 818 | WALLBERG AVE* | Westfield Town* | $369,000 | $369,000 | 8/23/2010 | 17 |
| 21 | SANDY HILL RD* | Westfield Town* | $549,000 | $540,000 | 8/23/2010 | 42 |
| 717 | COOLIDGE ST* | Westfield Town* | $1,100,000 | $1,100,000 | 8/24/2010 | 13 |
| 320 | Sycamore Street | Westfield Town* | $549,000 | $480,000 | 8/25/2010 | 136 |
| 107 | AYLIFFE AVE* | Westfield Town* | $409,000 | $390,000 | 8/27/2010 | 33 |
| 41 | BARCHESTER WAY* | Westfield Town* | $899,900 | $867,000 | 8/27/2010 | 19 |
| 27 | STONELEIGH PARK* | Westfield Town* | $1,050,000 | $990,000 | 8/27/2010 | 46 |
| 425 | TREMONT AVE* | Westfield Town* | $765,000 | $660,000 | 8/30/2010 | 112 |
| 232 | SINCLAIR PL* | Westfield Town* | $859,000 | $889,000 | 8/30/2010 | 6 |
| 687 | DORIAN RD | Westfield Town | $699,000 | $687,000 | 8/31/2010 | 13 |
For additional information on these or any other homes sold in Westfield, contact Hal Benz -Westfield NJ’s Home Sale & Short Sale Specialist. 908-216-4836
Westfield NJ Homes: How To Choose A Realtor.
Westfield NJ Homes have long been sought after by local home buyers. By offering beautiful parks & neighborhoods, high quality schools, an award winning downtown and a wonderful quality of life, the Westfield housing market has remained among the area’s strongest in the midst of our current housing downturn.
With so much to offer, you might think it wouldn’t matter which Realtor was chosen by those selling their Westfield NJ homes. And you’d be wrong. Keller Williams…a relative newcomer to the Westfield NJ’s housing scene… leads the pack when it comes to delivering the best outcomes to Westfield NJ home sellers.
Picking The Best When Selling Your Westfield NJ Home.
How does anyone become “the best” at anything? I’ve always believed it had to do with results. But how do homeowners decide which Realtor to use when selling their Westfield NJ homes? Usually, they go with familiar names or recommendations from a friend. They often go to the web to check out the presence that their agent has online. And sometimes, they pick up the local paper to see who is advertising the most listings.
But surprisingly, most homeowners do very little real research about the agent or the company that they choose to represent them. In fact, studies conducted by the NJ Association of Realtors show that a full 2/3 of home sellers interview only ONE Realtor for the job!
The agents and companies with the strongest name recognition love that!
But what does the research show about the agents and companies serving the Westfield NJ market? I have long believed that there are 2 key indicators to look for in choosing a Realtor: 1) Who gets the home sold for the highest percentage of the original asking price, and 2) Who gets the home sold the fastest.
So I decided to run a little search in the MLS.
I compared Keller Williams (whose Westfield Team is currently working out of their Summit office until they secure office space here in Westfield) with some well known local real estate companies. I looked at ALL SALES reported in the first half of 2010 by these offices in the MLS…not just those taking place in Westfield. After all…these agents do business in lots of great towns. By expanding the study in this way, you’ll get a better picture of how successful these agents and offices are in a wide range of markets.
Included in the study were Coldwell Banker (both CB East and CB West, both in Westfield), Weichert – Westfield, RE/MAX – Westfield, Prudential NJ Properties – Westfield, Century-21 Taylor & Love – Westfield, ERA Meeker- Cranford, and Keller Williams- Summit/Westfield.
So what does the study show?
Keller Williams delivers the HIGHEST sale price /original list price ratio of any major player in the Westfield NJ home selling market. Keller Williams also has among the LOWEST days on market for their listings of any major player in the Westfield NJ home selling market.
(This data represents ALL transactions posted through the Garden State Multiple Listing Service in Union, Morris, Essex, Middlesex, Somerset and Hunterdon Counties for the target offices. Transactions took place between January 1, 2010 – June 30, 2010. All information is deemed reliable, but is not guaranteed by GSMLS.)
Being able to consistently deliver outcomes like these for my clients is one of the reasons that I joined Keller Williams (after leaving a management position for one of the other real estate brands in this study). And delivering outcomes like these are helping to make Keller Williams the fastest growing real estate company in America!
Here’s a few more things I bet you didn’t know:
-
In 2009, Keller Williams surpassed RE/MAX to become the 3rd largest real estate company in the country. -
In 2010, Keller Williams won the prestigious JD Power and Associates Award for Buyer Satisfaction…for the THIRD year in a row!
-
Locally, the Keller Williams Summit office (which currently includes my Westfield team) has done over $1 BILLION dollars in volume since it opened in 2005. So far in 2010, we are the #3 office for total sales volume in the Garden Sate MLS (out of about 2000 offices)!
So the next time you or someone you know needs to sell your Westfield NJ home, I encourage you to give me a call. Let me show you how we do things differently from the other real estate names you know so well. And experience for yourself what I call the Keller Williams Difference!
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” – Mark Twain
Westfield NJ Home Sales – July 2010
Westfield NJ Home Sales - July 2010
(The following data is provided by the Garden State Multiple Listing Service, LLC. It is deemed to be reliable, but is not guaranteed.)
- Average List Price For Active Listings = $811,306
- Number of New Listings Entering Market = 48
- Number of Listings Placed Under Contract = 27
- Absorption Rate = 6.78 Months
- Number of Sales Closed During Month = 31
- Average Original List Price = $875,306
- Average Sale Price = $843,065
- Average OLP/SP Ratio = 96.32%
- Average Days on Market = 38
The Following Is The List of Sold Homes Sorted by Closing Date
| Street# | Street | Town | OLP | SP | CD | DOM |
| 8 | CANTERBURY LN* | Westfield Town* | $1,599,900 | $1,525,000 | 7/1/2010 | 12 |
| 46 | FAULKNER DR* | Westfield Town* | $399,000 | $420,000 | 7/2/2010 | 1 |
| 627 | GIRARD AVE* | Westfield Town* | $539,000 | $502,500 | 7/9/2010 | 20 |
| 6 | HAWTHORNE DR* | Westfield Town* | $769,900 | $800,000 | 7/9/2010 | 3 |
| 142 | EFFINGHAM PL* | Westfield Town* | $890,000 | $870,000 | 7/9/2010 | 10 |
| 1411 | BOULEVARD* | Westfield Town* | $419,000 | $412,000 | 7/12/2010 | 30 |
| 135 | N EUCLID AVE* | Westfield Town* | $889,000 | $920,000 | 7/12/2010 | 18 |
| 765 | WARREN ST | Westfield Town | $1,149,000 | $1,025,000 | 7/12/2010 | 45 |
| 761 | BELVIDERE AVE* | Westfield Town* | $599,000 | $610,000 | 7/13/2010 | 28 |
| 24 | CANTERBURY LN* | Westfield Town | $1,350,000 | $1,351,000 | 7/13/2010 | 9 |
| 111 | Prospect Street | Westfield Town | $998,000 | $998,000 | 7/14/2010 | 0 |
| 309 | SENECA PL | Westfield Town | $505,000 | $500,000 | 7/15/2010 | 3 |
| 13 | Burrington Gorge | Westfield Town* | $899,900 | $847,500 | 7/15/2010 | 110 |
| 990 | WOODMERE DR* | Westfield Town | $1,150,000 | $1,035,000 | 7/15/2010 | 115 |
| 519 | MOUNTAIN AVE* | Westfield Town* | $1,195,000 | $1,100,000 | 7/15/2010 | 209 |
| 209 | WOODLAND AVE* | Westfield Town* | $1,975,000 | $1,775,000 | 7/15/2010 | 73 |
| 761 | FAIRACRES AVE* | Westfield Town* | $575,000 | $555,000 | 7/16/2010 | 28 |
| 210 | N FLORENCE AVE* | Westfield Town* | $584,900 | $569,000 | 7/19/2010 | 17 |
| 435 | TOPPING HILL RD* | Westfield Town* | $875,000 | $835,000 | 7/19/2010 | 37 |
| 135 | LINDEN AVE* | Westfield Town* | $820,000 | $833,000 | 7/20/2010 | 6 |
| 511 | S CHESTNUT ST* | Westfield Town* | $599,900 | $585,000 | 7/21/2010 | 54 |
| 22 | MOSS AVE* | Westfield Town* | $539,000 | $543,000 | 7/22/2010 | 20 |
| 310 | N SCOTCH PLAINS AVE* | Westfield Town* | $299,000 | $290,000 | 7/25/2010 | 6 |
| 360 | ORENDA CIR* | Westfield Town* | $749,000 | $739,000 | 7/28/2010 | 19 |
| 23 | MARLIN CT* | Westfield Town* | $849,000 | $856,000 | 7/28/2010 | 39 |
| 60 | BELL DR* | Westfield Town | $549,000 | $535,000 | 7/29/2010 | 25 |
| 973 | WOODMERE DR* | Westfield Town* | $1,095,000 | $1,025,000 | 7/29/2010 | 30 |
| 60 | MICHAEL DR* | Westfield Town | $649,000 | $589,000 | 7/30/2010 | 108 |
| 757 | NORGATE* | Westfield Town* | $879,000 | $815,000 | 7/30/2010 | 42 |
| 416 | BIRCH AVE* | Westfield Town* | $1,245,000 | $1,200,000 | 7/30/2010 | 37 |
| 1000 | WYCHWOOD RD* | Westfield Town* | $1,500,000 | $1,475,000 | 7/30/2010 | 21 |
For additional information on these or any other homes sold in Westfield, contact Hal Benz - Westfield NJ’s Home Sale & Short Sale Specialist. 908-216-4836
Your #1 Westfield Restaurant…Mojave Grille!
During the month of July, we held a contest here on The Town Broker. We asked a simple question: “What is your favorite Westfield NJ restaurant?” And we got lots of responses! Some responses came by email, while others filled out the contact form above. We even got responses through our Facebook and Twitter accounts!
The overwhelming feedback was that Westfield has a terrific assortment of restaurants to chose from, and that choosing only one was tough. There were 7 different restaurants represented in nearly 2 dozen responses. But when the votes were counted, your choice for Westfield’s #1 restaurant was one of my favorites…the Mojave Grille!
Mojave Grille is Your #1 Westfield NJ Restaurant
Located in the heart of Westfield’s “restaurant row”, the Mojave Grille offers the best in contemporary southwestern cuisine. I’m not a restaurant critic, so I won’t try to write one here. But I know what I like… and this place never disappoints!! Whether you dine inside, or enjoy the outside cafe, you’re sure to find something amazing on their menu.
I frequently stop here for a business lunch with a client or colleague. I especially enjoy the roasted pear salad and the pan crisp crab cakes (I LOVE crab cakes!!) For dinner, my wife usually goes for the lime braised pork, while I often find myself with the braised short ribs. And when we’re in the mood for seafood, the seared yellow fin tuna and the pecan & five spice crusted salmon are awesome!
But remember…the Mojave Grille is a BYOB restaurant, so if you like to enjoy a glass of wine or other libation with your meal, you’ll need to bring your own. You might even want to visit the folks a few doors down at CoolVines for some wine suggestions. It’s also a good idea to call ahead for dinner, as this is a popular place and there can be a wait list.
The Mojave Grille is located at 35 Elm Street in Westfield NJ. They’re open for lunch Monday – Saturday, and dinner Monday – Sunday. Visit the Mojave Grille website for more information, or give them a call at 908-233-7772.
So Congratulations to the Mojave Grille! And once again, thanks to everyone who participated in this contest!!
Buying Your Westfield Home: The Cost Of Renovation
When I’m working with buyers looking for a home in Westfield (or any town with traditional older homes) it’s common to discuss a big decision: Should they buy a more expensive home that is “turn-key ready”, or buy cheaper and then do the renovation themselves?
I had the opportunity to spend some time this weekend with some Westfield buyers facing just that dilemma. Fortunately, they had the resources to do either one. So how should a buyer approach this decision?
Calculating The Renovation Cost and The Time Value Of Money.
It’s important to begin this discussion by acknowledging that there are a LOT of factors that come into play when selecting the perfect home. Location… including the quality of the neighborhood, schools and commuting distance to work are among the most important. This post assumes that everything else is equal, and that the buyer is deciding whether to buy a more expensive ”turn- key ready” home in the neighborhood, or one that needs major upgrading. It also assumes that the buyer has the finances and resources to do this without relying on some crazy exotic mortgage product to do it.
If you read this blog frequently, you know how I feel about people getting over extended!
In order for my buyers to consider the older Westfield home, they would want to do these 2 common home renovation projects: 1) a two-story addition, 2) a major kitchen remodel. According to Remodeling Magazine’s 2009/10 Cost vs. Value Report, the cost of these jobs done at the “mid-range project level” in the NY metro area is as follows:
- Two-story Addition – $201,780
- Major Kitchen Remodel – $69,069
The total for this work is $270,849 …hardly small change! But if they could save enough on the purchase of the older Westfield home, it might be worth it, right? Maybe.
Let’s assume for a moment that since we’re EXCELLENT negotiators (smile) we were able to get the older home for a full $350K LESS than the renovated home in the same Westfield neighborhood. Looking at these numbers, the cost of the renovation seems to pay for itself, right? Maybe…and maybe not. Here’s why:
It’s all about LEVERAGE
Real estate is one of the most leveraged purchases you can make. That is…most buyers use very little of their own money to secure the deal. They put up a down payment (we’ll assume 20% for this post), and use the bank’s money to leverage the rest.
And leverage can be very helpful when paying for home renovation.
According to Bankrate.com at the time of this writing, a 30-year fixed mortgage is going for 4.59%/ year. And according to their mortgage calculator, if you were to finance the full $350K for the “already renovated home”, it would cost you an additional $1792/month for the principal and interest.
If you started the remodeling of the older home on the day you moved in, how long do you think it would take to complete? Let’s say it took 1 full year. According to the numbers above, you’ll need to pull $270,849 out of your personal investments within 1 year to pay the contractor. The fully remodeled home would have only cost you an additional $21,504 over that same year ($1792 x 12 months).
In fact, at $1792/ month it would take 151 months… 12 years and 7 months…before you spend the $270K you forked over in year 1 of the remodel.
A buyer needs to consider how long they’re planning on staying in this house. The average American moves every 7- 10 years (although I’m beginning to see these numbers increase in our area). So in this example, if you financed the renovation and planned to move before year 12, you came out ahead (at least on the ledger).
The good news for the re-modeler is that you get to make the home your own. You can do the job the way YOU want to. But the bad news is that you have to tie up a lot of money to do it. A lot of your “liquid assets” will be converted into home equity… a very “illiquid” asset at best.
By leveraging these remodeling jobs your money could be used in other ways during this time (college costs come to mind).
Now I know that there will be those who criticize this post saying “hey… he’s in a commission based sales business. Of course he’ll advocate for the more expensive house!” That’s a fair criticism. And my builder friends…many who are already struggling in this economy… might be really angry after reading this! I hope not.
My purpose here is not to advocate one option over the other. It IS to encourage people to think past the dollar figures and think of renovation costs in terms of “money spent” vs. “money leveraged”.
Deciding which option is best for you depends on your specific situation.
Westfield NJ Homes For Sale – Life After Tax Credit
Did you hear the sound? You know…the “thud” that occurred in May, and then echoed throughout June? It was the sound of the local housing market falling on its face as the home buyer’s tax credits expired. But for those who had Westfield NJ homes for sale, the market remained stable. Well…only for those that were priced properly!
Westfield NJ Homes For Sale: It’s STILL All About Price!
As an active real estate broker, I had my concerns that the home buyer’s incentive could be creating a “bubble” in the local housing market. Many in the industry worried that the credit might not actually stimulate as many new buyers as hoped, but rather move the existing buyers into an earlier buying decision. If that was the case, then buying activity could exceed recent trends prior to the phasing out of the credit, and then drop off dramatically afterward.
So what actually happened?
The charts below show the homes placed under contract from January through June. The first is Union County, and the second is Westfield, NJ. Pay close attention to the yellow line in both graphs (which represents 2010). Notice how pending sales exceeds 2008 & 2009 in through the spring. But when the Home Buyer Tax Credit expired on April 30th? Ouch!
The Westfield market took a while to get going this spring (again, the yellow line), but by March, it exceeded both 2008 & 2009 in terms of pending sales. But the elimination of the buyer incentive was felt here as well, as pending sales fell below previous levels in May & June.
So what does PRICE have to do with anything?
As I mentioned in a previous post, homes that come to market priced properly (with the original list price within 5% of the final sale price) sell faster, and for a higher percentage of their original last price. So which homes went under contract AFTER the tax credit expired? Those that were priced properly!
Take a look at these two graphics. They represent the 22 Westfield listings that went under contract AFTER April 30th AND closed by the time of this posting. The first chart shows the homes that came to market priced RIGHT (original price within 5% of the final sale price). The average return was a whopping 99.39%. For those who priced too high out of the gate, the return was only 85.7%
And what about time on market? Those that were right priced sold in an average of 15 days. And those that came on too high and needed to have a price adjustment? The average here was 98 days on market.
So what is the take away here?
At first blush, it looks like the home buyer tax credit DID move buyers into an earlier decision, rather than stimulate additional buying activity. (We’ll need a few more months of data to know for sure.) But if this IS the case, then the pool of available buyers could be smaller than usual in the upcoming months.
Sellers MUST understand that PRICE is critical. This is NOT the time to “test the market” with an inflated price. Buyers know value when they see it. As this data proves once again, if you come to market with no more than a 5% cushion for negotiation, you’ll sell faster and retain your price. If you ask for too much, the market will wait for you to get it right.
And if the buyer pool is smaller for the remainder of the year, you could be waiting a LONG time!
Westfield NJ Home Sales – June 2010
Westfield NJ Home Sales - June 2010
(The following data is provided by the Garden State Multiple Listing Service, LLC. It is deemed to be reliable, but is not guaranteed.)
- Average List Price For Active Listings = $819,686
- Number of New Listings Entering Market = 42
- Number of Listings Placed Under Contract = 31
- Absorption Rate = 5.84 Months
- Number of Sales Closed During Month = 46
- Average Original List Price = $783,654
- Average Sale Price = $733,660
- Average OLP/SP Ratio = 93.62%
- Average Days on Market = 49
The Following Is The List of Sold Homes Sorted by Closing Date
| Street# | Street | Town | OLP | SP | CLOSED | DOM |
| 215 | GOLF EDGE DR* | Westfield Town* | $829,900 | $790,000 | 6/1/2010 | 60 |
| 505 | 1ST ST* | Westfield Town* | $489,000 | $447,000 | 6/3/2010 | 58 |
| 657 | FAIRMONT AVE* | Westfield Town* | $999,000 | $999,999 | 6/3/2010 | 3 |
| 421 | TUTTLE PKWY* | Westfield Town* | $849,900 | $875,000 | 6/4/2010 | 54 |
| 14 | BYRON CT* | Westfield Town* | $789,000 | $789,000 | 6/8/2010 | 16 |
| 734 | COLEMAN PL* | Westfield Town* | $749,000 | $707,950 | 6/9/2010 | 71 |
| 226 | WINDSOR AVE* | Westfield Town* | $195,000 | $165,000 | 6/11/2010 | 96 |
| 1165 | TICE PL* | Westfield Town* | $595,000 | $570,000 | 6/11/2010 | 65 |
| 727 | CRESCENT PKWY* | Westfield Town* | $625,000 | $640,000 | 6/11/2010 | 13 |
| 625 | KIMBALL AVE* | Westfield Town* | $534,000 | $499,000 | 6/14/2010 | 102 |
| 2 | LAMBERT CIR* | Westfield Town* | $449,000 | $400,000 | 6/15/2010 | 34 |
| 1022 | GRANDVIEW AVE* | Westfield Town* | $449,000 | $430,000 | 6/15/2010 | 16 |
| 1601 | BOYNTON AVE* | Westfield Town* | $625,000 | $607,000 | 6/15/2010 | 6 |
| 8 | FOLKSTONE DR* | Westfield Town* | $629,000 | $615,000 | 6/15/2010 | 40 |
| 729 | SHACKAMAXON DR* | Westfield Town* | $675,000 | $582,000 | 6/15/2010 | 101 |
| 714 | AUSTIN ST* | Westfield Town* | $679,900 | $692,000 | 6/15/2010 | 14 |
| 747 | DORIAN RD* | Westfield Town* | $709,000 | $715,000 | 6/15/2010 | 13 |
| 502 | CODDING RD* | Westfield Town* | $825,000 | $785,000 | 6/15/2010 | 66 |
| 3 | BREEZE KNOLL DR | Westfield Town* | $2,395,000 | $2,000,000 | 6/15/2010 | 43 |
| 821 | Ramapo Way | Westfield Town* | $1,999,999 | $1,350,000 | 6/16/2010 | 253 |
| 775 | FAIRACRES AVE* | Westfield Town* | $619,000 | $590,000 | 6/18/2010 | 26 |
| 222 | MARYLAND ST* | Westfield Town* | $379,000 | $379,000 | 6/19/2010 | 5 |
| 638 | RAYMOND ST* | Westfield Town* | $689,000 | $670,000 | 6/21/2010 | 10 |
| 1078 | SEWARD AVE* | Westfield Town* | $789,000 | $762,000 | 6/21/2010 | 37 |
| 225 | BENSON PL* | Westfield Town* | $1,199,000 | $1,285,000 | 6/21/2010 | 4 |
| 52 | SANDRA CIRCLE B1 | Westfield Town | $189,900 | $185,000 | 6/22/2010 | 9 |
| 309 | WINDSOR AVE* | Westfield Town* | $254,900 | $233,000 | 6/23/2010 | 242 |
| 107 | EFFINGHAM PL* | Westfield Town* | $849,000 | $810,000 | 6/23/2010 | 12 |
| 676 | SHADOWLAWN DR* | Westfield Town* | $1,050,000 | $985,000 | 6/23/2010 | 16 |
| 435 | TREMONT AVE | Westfield Town | $1,650,000 | $1,500,000 | 6/23/2010 | 72 |
| 13 | SUMMIT CT* | Westfield Town* | $579,000 | $557,000 | 6/24/2010 | 41 |
| 4 | BURGESS CT* | Westfield Town | $1,399,000 | $1,325,000 | 6/24/2010 | 110 |
| 6 | Faulkner Drive | Westfield Town* | $489,900 | $474,000 | 6/25/2010 | 17 |
| 29 | MOSS AVE* | Westfield Town* | $479,900 | $472,400 | 6/28/2010 | 51 |
| 128 | AYLIFFE AVE* | Westfield Town* | $549,000 | $515,000 | 6/28/2010 | 57 |
| 756 | TAMAQUES WAY* | Westfield Town* | $739,000 | $673,000 | 6/28/2010 | 45 |
| 717 | Boulevard | Westfield Town* | $949,000 | $910,000 | 6/28/2010 | 40 |
| 710 | WESTFIELD AVE* | Westfield Town* | $499,000 | $499,000 | 6/29/2010 | 15 |
| 827 | GRANDVIEW AVE* | Westfield Town* | $719,000 | $640,000 | 6/29/2010 | 115 |
| 657 | SAINT MARKS AVE | Westfield Town | $899,000 | $902,000 | 6/29/2010 | 30 |
| 125 | MARLBORO ST* | Westfield Town* | $419,000 | $390,000 | 6/30/2010 | 30 |
| 1103 | E BROAD ST* | Westfield Town* | $475,000 | $431,000 | 6/30/2010 | 47 |
| 720 | HARDING ST* | Westfield Town* | $624,000 | $618,000 | 6/30/2010 | 16 |
| 531 | HILLCREST AVE* | Westfield Town* | $759,000 | $759,000 | 6/30/2010 | 25 |
| 328 | ORENDA CIR* | Westfield Town* | $809,900 | $800,000 | 6/30/2010 | 26 |
| 35 | FAIRHILL RD* | Westfield Town | $1,899,900 | $1,725,000 | 6/30/2010 | 42 |
For additional information on these or any other homes sold in Westfield, contact Hal Benz - Westfield NJ’s Home Sale & Short Sale Specialist. 908-216-4836
What Is YOUR Favorite Westfield NJ Restaurant?
What Is Your Favorite Westfield NJ Restaurant?
When friends and family are in the area, they often ask the same question: “What is my favorite Westfield NJ restaurant?” And that’s a tough one to answer. There are so many excellent options to choose from!
Are we looking for a casual night out with friends, or a romantic dinner for two? Do we want ”kid friendly”, or something a little more sophisticated. Do we want to order drinks or BYOB? And what about the cuisine? French, Italian, Thai? Or maybe classic American Bistro?
Whatever your taste, Westfield has something that will suit your fancy!
So here’s what I propose: From today through the end of July, The Town Broker will conduct a tasty, albeit very unscientific poll. Answer the question “What is YOUR Favorite Westfield NJ Restaurant”, and become eligible to win…umm, nothingn really. But it will still be fun!
Here’s how it works:
- Between today and Saturday July 31, you can send me a quick email telling me which restaurant is your favorite, and why.
- Emails can be sent to Hal@TheTownBroker.com, or you can fill out the Contact Me form above.
- There will be a 1 vote limit per sender (email address)
On August 1st, I’ll tally up the votes. The top 3 restaurants which will be published in blog post during the 1st week of August.
Click this link if you need a list of Westfield restaurants to try. Or, you can simply click on the reservation picture above. Bon Appetite!
Westfield NJ Home Sales – May 2010
Westfield NJ Home Sales - May 2010
(The following data is provided by the Garden State Multiple Listing Service, LLC. It is deemed to be reliable, but is not guaranteed.)
- Average List Price For Active Listings = $824,802
- Number of New Listings Entering Market = 62
- Number of Listings Placed Under Contract = 33
- Absorption Rate = 5.64 Months
- Number of Sales Closed During Month = 19
- Average Original List Price = $601,095
- Average Sale Price = $577,847
- Average OLP/SP Ratio = 96.13%
- Average Days on Market = 52
The Following Is The List of Sold Homes Sorted by Closing Date
| Street# | Street | Town | OLP | SP | CD | DOM |
| 407 | CAYUGA WAY* | Westfield Town* | $549,000 | $550,000 | 5/7/2010 | 17 |
| 37A-3 | SANDRA CIR | Westfield Town | $159,000 | $145,000 | 5/12/2010 | 16 |
| 790 | W BROAD ST* | Westfield Town | $359,900 | $315,000 | 5/13/2010 | 131 |
| 600 | Fourth AVE | Westfield Town* | $379,000 | $342,000 | 5/14/2010 | 36 |
| 10 | PLYMOUTH RD | Westfield Town | $649,900 | $630,000 | 5/14/2010 | 14 |
| 534 | CLARK ST* | Westfield Town* | $700,000 | $660,000 | 5/14/2010 | 78 |
| 316B | PALSTED AVE* | Westfield Town* | $599,000 | $599,000 | 5/17/2010 | 29 |
| 1133 | RAHWAY AVE* | Westfield Town* | $449,000 | $430,000 | 5/18/2010 | 24 |
| 175 | N Cottage Place | Westfield Town | $635,000 | $610,000 | 5/18/2010 | 7 |
| 1060 | WYANDOTTE TRL* | Westfield Town* | $925,000 | $785,000 | 5/18/2010 | 155 |
| 242 | ORCHARD ST* | Westfield Town* | $499,000 | $507,000 | 5/19/2010 | 3 |
| 447 | CHANNING AVE* | Westfield Town* | $599,000 | $599,000 | 5/19/2010 | 9 |
| 1 | LAMBERT CIR* | Westfield Town* | $465,000 | $491,100 | 5/21/2010 | 9 |
| 1007 | Grandview Avenue | Westfield Town | $699,000 | $656,000 | 5/21/2010 | 47 |
| 3 | FLORAL CT | Westfield Town | $849,000 | $780,000 | 5/21/2010 | 173 |
| 7 | DRUMMOND RD* | Westfield Town* | $1,099,000 | $999,000 | 5/24/2010 | 165 |
| 1738 | BOULEVARD* | Westfield Town* | $319,000 | $353,000 | 5/25/2010 | 14 |
| 684 | RAHWAY AVE | Westfield Town | $758,000 | $748,000 | 5/27/2010 | 37 |
| 252 | EDGEWOOD AVE* | Westfield Town* | $729,000 | $780,000 | 5/28/2010 | 16 |
For additional information on these or any other homes sold in Westfield, contact Hal Benz -Westfield NJ’s Home Sale & Short Sale Specialist. 908-216-4836
Westfield Memorial Day Parade 2010
I LOVE A PARADE! (Or so the saying goes.) But I really do!! What makes small town living so much fun? I think local parades have to rank high on the list!
Westfield Celebrates Memorial Day With A Small Town Parade
After a ceremony at the town war memorial, the 2010 Westfield Memorial Day parade proceeded up East Broad Street. Moving through the business district, the event ended at the Fairview Cemetery with a tribute to all those killed during wartime.
This is small town Americana at it’s finest! Eat your heart out, Norman Rockwell!!
Here are a few photos. And want so see something else that I think is pretty cool? Check out this footage of Westfield’s Memorial Day Parade 1969. Courtesy of my friend Jim Miner. Enjoy…
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