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The above chart represents the sale price trend in West Windsor, East Windsor, Hightstown, Plainsboro, Cranbury and Robbinsville over the past number of years. If you bought a home prior to 2005, you probably have built some equity in your investment.
I spent some time yesterday as Santa’s helper by taking pictures at the West Windsor Weidel office as we offered complimentary pictures with Santa in the Weidel sleigh in front of the office.
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.
We have updated the West Windsor NJ Homes for Sale site with a page offering to help sellers find out how much their home is worth. Setting the value of the home is extremely important in the current market situation.
Checking on statistics to see where visitors are clicking through from to get to our Weidel site, still shows a close race between East Windsor and West Windsor NJ Homes for Sale sites. More people from Google than I would have thought. And the traffic has picked up this year.
If you’re wondering how much house your budget will purchase in West Windsor, New Jersey, here is a chart detailing the breakdown of the number of homes sold in various price ranges during the year 2008.
The homes in the $200,000 to 300,000 are primarily condominiums. While the majority of the homes priced from there up to $500,000 are mostly townhomes, there are some townhomes priced up to $600,000. Single family homes start generally around $500,000, and the lower range are generally 30 years and older, starting around $700,000 you will find some of the 20 year and newer homes.
Information originates from TReND Multiple Listing Service. All information, regardless of source, is not guaranteed and should be independently verified.
Having 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.
It 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.
Even 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….
We 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…