Clifton Real Estate Market first quarter 2016

Clifton Real Estate Market First Quarter 2016

Clifton Real Estate Market First Quarter 2016 resembles most local markets which have seen steady price improvement month to month and year to year as inventory levels remain stable although a bit short in MULTI Family homes (2-4units).First Quarter Real Estate Residential Sales In Our Local Areas

Single Family Residential Homes:

The average sales price for Clifton, NJ Homes for Sale for the first quarter of 2016 was $300,459 with approximately 162 units closed in the same period and average 78 days on the market, compared to $293,844 and an average of 87 days on market for the same quarter of 2015 which represents approx. 2.25% increase for the year. Although modest, represents steady gains which reflects in the continued improvement of the local market as most markets in New Jersey.

Multi-Unit Properties:

The average sales price for Clifton, NJ Multi Family (2-4units) Homes for Sale was $287,430 in the first quarter of 2016 (January 1st through March 30th) with 30 units closed and average 58 days on the market, compared to $267,430during the same period for 2015, which represents approx. 7.5% increase for the year.

It’s That Time Again!

Which means there are more prospective buyers looking to purchase homes and it makes it ideal for sellers thinking to move on, start considering and planning to market their homes efficiently to attract the best possible buyers and put their homes in front of the most serious, pre approved buyers looking for a home in our communities.

If Thinking to Sell or Purchase Your Next Home or Investment, Feel Free to Contact Us at (973) 216-1945 or email me or If Interested To Find Out What’s Your Home Worth, Feel Free to Request Your Report – NO CHARGE, NO OBLIGATION, No Hassle. or to get the Clifton Real Estate Market Trends first quarter 2016, Mid-Year Report or Specific Report to your neighborhood.

Roberto A. Sanchez – Broker-Associate (973) 216-1945.