Just added a comment on all of the township websites concerning the latest month’s activity in the local real estate marketplaces. Most townships showed an increase in activity and sales prices compared to the past twelve months averages. Most localities also have about 9 months worth of inventory, keeping the market in a buyer’s market status. West Windsor has only 5 months, Plainsboro 6 months. Hightstown on the other hand has 35 months supply of homes for the average sales cycle. Just click on the link on the right side of this page to access your community of interest.
Archive for the ‘Lawrenceville’ Category
July Market Conditions
Friday, August 7th, 2009First Day of Spring, huh?
Friday, March 20th, 2009
Snow on our patio on March 20, 2009
We awoke to this snowy scene after having put up the umbrella, put out the chairs, and generally prepared ourselves for spring.
!@#$%^& groundhog!!
Lawrenceville, New Jersey Market Conditions
Wednesday, March 4th, 2009While preparing market statistics for a recent request, the following was observed: Over the past year, the average sales price dropped only about $10,000 (from $358,553 to $348,480). That would be about a 2.8% decline in sales price, which compares quite favorably with what you are hearing about the national trends in the national news.
The number of homes sold in Lawrenceville dropped from 366 to 286 over the same time frame, as did the number of homes for sale (from 647 to 535). This means the ratio of homes sold versus marketed only dropped 3% from 56% to 53%. This would mean that for people trying to sell their homes it has not gotten harder over the past year, just that fewer people are trying. This is further illustrated by the fact that the time to sell a home (Days on Market) has only increased by 2 days year over year (83 versus 81).
So You Don’t Like the Weather in New Jersey…
Wednesday, February 4th, 2009
Snow on the Home Front
Year End Statistics
Wednesday, December 31st, 2008Having looked at sales data in nine local townships, prices are up in 5 and down in 4. Numbers of sales have dropped significantly. Check out the blog entry at the tops of the local websites in the right hand column.
End of Year Updates
Tuesday, December 30th, 2008It is that time of year again. Stay tuned for the updates on what the real estate market did in Central New Jersey. We will be updating all the neighborhood information on the websites in the right hand column within the next couple of weeks. Expect the number of sales to go down about 20% and the prices to remain fairly constant from last years revisions.
Population Estimates
Thursday, July 31st, 2008Even though many are saying that New Jersey is losing people to the southern states, the Census Bureau has reported its estimate of July 1, 2007 statistics. All but three counties in New Jersey gained people rather than losing count. Most of the townships covered by this blog also gained. See links at right for individual numbers….
Website Updating
Saturday, January 19th, 2008We have completed the data entry for the Mercer county township sites, now it is on to the sites for Plainsboro and Cranbury. The only one that took a lot of time was the Robbinsville NJ Homes for Sale site as many of the agents don’t specify neighborhoods in the Foxmoor area, just list them as being in Foxmoor. After those two townships are complete, we will have to take pictures of the various neighborhoods in Princeton, Pennington, Hopewell and Ewing for the neighborhoods pages, in addition to trying to figure out who the builders of those developments were…
And don’t forget that the Packers are in that championship game tomorrow evening…
Busy Day on Tap
Saturday, January 12th, 2008We are scheduled to show seven homes starting this morning. Then it is on to the office to be the designated receptionist for three hours. Then the important part…the Packers playoff game. You just have to get your priorities straight….
Real Estate Activity
Thursday, January 10th, 2008It seems that the amount of inquiries has picked up like I thought it would. So far this week the websites have generated 14 requests for information.
Yesterday, we visited two homes in Lawrenceville with a couple that wants to move some time this year. It appears they have out-grown their current abode.
I sent out just listed cards to the Ewing neighborhood that the new listing is in.
Just had a call from someone in Texas looking for an active adult community in New Jersey where they will allow someone just 52 years of age to live. Think I have found such a community in Burlington County.