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Scotch Plains Market Report August 2017

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<strong>Scotch</strong> <strong>Plains</strong>, NJ 07076<br />

Neighborhood: Housing Stats and Charts<br />

07076 Union County New Jersey USA<br />

Median Estimated Home Value $523K $395K $349K $227K<br />

Estimated Home Value 12-Month Change +4.5% 0% +3.2% –<br />

Median List Price $550K $335K $300K $110K<br />

List Price 1-Month Change -5% -1.4% – –<br />

List Price 12-Month Change +2.5% +15.8% – +11%<br />

Median Home Age 56 69 54 44<br />

Own 78% 59% 64% 64%<br />

Rent 22% 41% 36% 36%<br />

$ Value of All Buildings for which Permits Were Issued – $67.5M $2.04B $102B<br />

% Change in Permits for All Buildings – +7% +5% +2%<br />

% Change in $ Value for All Buildings – +1% -2% +7%<br />

Median Sales Price vs. Sales<br />

Volume<br />

This chart compares the price trend and<br />

sales volume for homes in an area.<br />

Home prices typically follow sales<br />

volume, with a time lag, since sales<br />

activity is the driver behind price<br />

movements.<br />

Data Source: Public records and listings<br />

data<br />

Update Frequency: Monthly<br />

Median Sales Price<br />

Public Records<br />

Median Sales Price<br />

Listings<br />

Sales Volume<br />

Public Records<br />

Sales Volume<br />

Listings<br />

Copyright <strong>2017</strong> Realtors Property Resource® LLC. All Rights Reserved.<br />

Information is not guaranteed. Equal Housing Opportunity. 9/6/<strong>2017</strong>

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