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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.
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.
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…
We 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….
They are predicting almost record temperatures for the next few days. That would be higher than normal, not lower for you who are tracking the “climate change.”
Showed three homes in Robbinsville to new clients yesterday, people who had been doing their own searching on our Weidel site for a while and finally called to see some homes. No rush for them, as their lease runs out at the end of June.
Sent out the prospecting emails this morning, about 150 people currently receiving them.
We have an inspection from Hamilton township at the colonial in Groveville today between 1 and 3 pm. Good chance to sit in a vacant home for 2 hours with no internet connection. Seems there is an open permit from 2000 for the former owner, that the current owner is responsible for.
Preparing for a broker’s open house tomorrow in Ewing at the new listing. Bonnie is planning on serving Swedish meatballs and vodka rigatoni. Kinda your standard Swedish-Italian come-on for those agents who follow the “Feed them and they will come” mantra.
I have been wondering, while listening to the media go on and on about the slump in the housing market, about whether what they are seeing is simply a matter of percentages of single family homes sales versus condominiums or townhouses. So I ran some statistics for Cranbury, East Windsor, West Windsor, Robbinsville, Plainsboro and Hightstown.
In August, September, and October of 2005, there were 519 properties sold, with 249 of them being condo/townhomes and 270 being single family homes at an average price of $419,434. The same time frame in 2006, produced 424 sales. There were 233 single family homes and 191 townhouse or condominiums units. The average sale price was $427,436.
This means there were 47.9% condos/townhomes in 2005 and 45% in 2006, less by percentage and it shoots down my theory. But the average sale price has increased year over year by about 2% and at least in our market place, the prices have not plummeted as the news media is telling us.
I have installed an admission page on TheBuschs.com in PHP to enter comments into a MySQL database. I then added a blog page to each of the township sites and used PHP to include the last three entries from the database relative to the website of the township, which are then “included” on the index page.
Rumor has it that frequent updating of webpages will attract spiders…