New Jersey Real Estate Agent

Princeton Real Estate – What You Get for $1.5mlm-$2million  

Princeton NJ is one of the towns where discriminating buyers of luxury New Jersey real estate could find a wide array of choices in various price ranges. I am often asked about what kind of homes for sale are available  in the $1,500,000-$2,000,000? price range. Here is a look at what is available now and what homes have sold since the beginning of this year in this price range in Princeton.

Luxury Princeton Real Estate – On The Market Now (Active)

There are 21 houses on the market now, 5 of
them in the Princeton Borough and the rest in the Princeton Township.
Homes in the borough tend to be on smaller (usually less than 0.5
acres) lots  and are usually older. The 5 available houses now range
from $1,550,000 home with 5 bedrooms, 4/1 baths on 0.46 acres in the Princeton Boro to
$1,995,000 home with 5 bedrooms, 3/1 baths on almost 3 acres in the Princeton township.

There have been a substantial number of price reductions on many properties in Princeton with 9 luxury homes for sale having already reduced prices.

Luxury Princeton Real Estate – Houses Under Contract 

There are currently 6 houses under
contract, with half of them having had price reductions before going under
contract. People often ask how long does it take to sell a luxury house in
Princeton. The number of days on the market ranged from 1 day for a new house to over 300 days on a resale.

Luxury Princeton Real Estate -Houses Sold

There were 13 houses sold in Princeton since the beginning of 2008, with the following statistics:

Median price sold price was $1,660,000

Average price 

Median price sold was 8% lower then the listing price 

Princeton Real Estate -Houses Sold By Street

These were the Princeton houses sold since the beginning of 2008.

Address                                        Bedrooms             Bathrooms    Sold Price
64 Battle Rd, Princeton, NJ               4                        5.1         $1,575,000
606 Snowden Ln, Princeton, NJ         5                        4.2         $1,831,500
10 Walker Dr, Princeton, NJ              5                        5.1         $1,570,000
61 Farrand Rd, Princeton, NJ            5                         5.2        $1,517,500
19 Derwent Dr, Princeton, NJ            5                        5.2         $1,920,000
22 Brearly Rd, Princeton, NJ             4                        4.2          $1,561,000
220 Wendover Dr, Princeton, NJ        6                        4.1         $1,610,000
633 State Rd, Princeton, NJ              5                        5.2          $1,660,000
7 Random Rd, Princeton, NJ             5                         5            $1,793,000
581 Lake Dr, Princeton, NJ               5                         3            $2,000,000
137 Parkside Dr, Princeton, NJ          4                         3.1          $1,650,000
48 Bogart Ct, Princeton, NJ              4                         3.1          $1,735,000
251 Bouvant Dr, Princeton, NJ          6                         5.1           $1,900,000

Related Articles:

New Jersey Real Estate – Princeton Real Estate For $1mln-$1.5mln

New Jersey Real Estate -What Can You Buy In Princeton For Under $1million

New Jersey Real Estate -What You Get In Princeton For $500K-$700K

Princeton Real Estate – Buyers Market and Multiple Offers

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