Real Estate

Scotch Plains and Fanwood Home Sales Figures for 2015 Published; Average Prices Rank 6th and 8th in County

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New home construction in Union County Credits: John Mooney
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The "sweet spot" for home sale prices in Scotch Plains-Fanwood is in the $400 - $600K range, according to Paul Lamastra of ERA Suburb Realty.
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Home currently on the market in Fanwood Credits: ERA Suburb Realty
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SCOTCH PLAINS/FANWOOD, NJ -- Scotch Plains and Fanwood ranked sixth and eighth respectively average home sale prices during 2015, according to just released figures from the New Jersey Department of the Treasury.

In Scotch Plains, the average price was $520,637, while in Fanwood the figure was $430,613. Meanwhile, the average home price in Union County was $448,497, while the state of New Jersey was $397,279.

"Home sales in Scotch Plains and Fanwood are still brisk. The sweet spot is in the $400-$600K range. Those homes don't stay on the market very long," said Paul Lamastra of ERA Suburb Realty on Second St. in Scotch Plains. "Homes above the $1 million asking price are staying on the market longer. Overall, the real estate market has been and remains solid in SPF."

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Union County Average Home Sales in 2015

  1. Summit: $979,176
  2. Westfield: $693,979
  3. Mountainside: $631,557
  4. New Providence: $601,323
  5. Berkeley Heights: 564,901
  6. Scotch Plains: $520,637
  7. Cranford: $444,439
  8. Fanwood: $430,613
  9. Clark: $417,180
  10. Garwood: $366,114
  11. Springfield: $361,409
  12. Kenilworth: $314,505
  13. Union: $285,165
  14. Roselle Park: $254,519
  15. Plainfield: $248,514
  16. Linden: $245,054
  17. Elizabeth: $230, 809
  18. Rahway: $228,056
  19. Hillside: $227,112

"The numbers don't lie; Scotch Plains is a great place to live and people want to move here. We've got great homes, a wonderful sense of community, and great events," said Scotch Plains Mayor Kevin Glover. "We are seeing an unprecedented amount of home improvement permits and new construction. People are looking for homes here and investing in the town with no less than five new businesses."

"I attribute it to our efforts to stabilize municipal taxes, promote public safety and great recreational programs," Glover added.

"Fanwood is a borough where most of the homes are in the same general price range, while other towns in Union County have wider price ranges," said Fanwood Mayor Colleen Mahr. "Fanwood is a fantastic place to live and raise a family and that fact is reflected in these home sale price figures."

To see the full list of Union County and statewide home sale prices, click here: http://www.state.nj.us/treasury/taxation/pdf/lpt/class2/avgsale15.pdf

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