Post on 19-Jul-2015
transcript
If you're planning on buying or selling a home
in Clark, the first step is to learn about the Clark real estate
market conditions.
Inventory There are currently 65
homes offered for sale in Clark and they range in price from $179,000 to $1,149,000.
0
20
40
60
80
100
120
Ho
me
s
Homes Listed and Sold - Clark, NJ
Inventory
12 month avg= 68.5
July 2014 = 85
July 2013 = 92
July 2012 = 960
20
40
60
80
100
120
Ho
me
s
Homes Listed and Sold - Clark, NJ
July ‘12July ‘13
July ‘14
12 month avg
Inventory
12 month avg= 68.5
July 2014 = 85
July 2013 = 92
July 2012 = 960
20
40
60
80
100
120
Ho
me
s
Homes Listed and Sold - Clark, NJ
* Very low inventory for this time of year! How will that affect prices?
July ‘12July ‘13
July ‘14
12 month avg
Prices
The average selling price of a home in Clark in July was $455,580.
0
100000
200000
300000
400000
500000
600000
Average Sale Price and List Price - Clark, NJ
Prices
12 month avg = $407,528
July 2014 = $ 455,580
July 2013 = $367,169
July 2012 = $350,833
0
100000
200000
300000
400000
500000
600000
Average Sale Price and List Price - Clark, NJ
July ‘12July ‘13
July ‘14
Prices
12 month avg = $407,528
July 2014 = $ 455,580
July 2013 = $367,169
July 2012 = $350,833
0
100000
200000
300000
400000
500000
600000
Average Sale Price and List Price - Clark, NJ
July ‘12July ‘13
July ‘14
* Definite upward trend in average sale price.
Days on Market
The average sold home in Clark in July was sold after 39 days.
0
20
40
60
80
100
120
140
Jan
-12
Feb
-12
Mar
-12
Ap
r-1
2
May
-12
Jun
-12
Jul-
12
Au
g-1
2
Sep
-12
Oct
-12
No
v-1
2
De
c-1
2
Jan
-13
Feb
-13
Mar
-13
Ap
r-1
3
May
-13
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-1
3
De
c-1
3
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Average Days on Market - Clark, NJ
Days on Market
12 month avg = 54
July 2014 = 39
July 2013 = 69
July 2012 = 1140
20
40
60
80
100
120
140
Jan
-12
Feb
-12
Mar
-12
Ap
r-1
2
May
-12
Jun
-12
Jul-
12
Au
g-1
2
Sep
-12
Oct
-12
No
v-1
2
De
c-1
2
Jan
-13
Feb
-13
Mar
-13
Ap
r-1
3
May
-13
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-1
3
De
c-1
3
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Average Days on Market - Clark, NJ
July ‘12
July ‘13
July ‘14
Days on Market
12 month avg = 54
July 2014 = 39
July 2013 = 69
July 2012 = 1140
20
40
60
80
100
120
140
Jan
-12
Feb
-12
Mar
-12
Ap
r-1
2
May
-12
Jun
-12
Jul-
12
Au
g-1
2
Sep
-12
Oct
-12
No
v-1
2
De
c-1
2
Jan
-13
Feb
-13
Mar
-13
Ap
r-1
3
May
-13
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-1
3
De
c-1
3
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Average Days on Market - Clark, NJ
July ‘12
July ‘13
July ‘14
* Buyers are buying fast in Clark!
What does this mean to you?
Very low inventory for this time of year!
If you’re planning to BUY a home, this might be a great time to get a deal!
If you’re planning to SELL a home, you need to make sure your home is in top showing condition and that it’s priced right so that it stands up to the competition!