New Jersey Real Estate Agent

Princeton NJ Real Estate – Prices of Houses Sold 2004-2007

This Princeton NJ real estate report has been updated for the 2004-2008.

The prices of Princeton NJ real estate is one of the indicators of what is happening with the Princeton NJ homes for sale as well as homes for sale in Montgomery NJ, West Windsor NJ, Hopewell NJ, and Pennington NJ.

Housing Prices is on the minds many real estate buyers and real estate sellers. It is even more so now, given the economic uncertainties and the effects of the sub prime mortgage fall out and the possible recession. The price of the homes sold is one of the indicators of the real estate market.

This article could be especially helpful for the home buyers who are trying to decide which area around Princeton will better meet their needs. You can see in this article the differences between the Princeton real estate and the Montgomery NJ real estate, West Windsor real estate, Hopewell real estate, and Pennington real estate over the last 4 years.

Looking at the period of 2004-2007, the news for Princeton is still positive – 17% increase in the average price of houses sold over the period. The biggest inverse occurred in 2005, followed by a slight decline in 2006 and 3% increase in 2007.

Hopewell showed an increase for the 2007 of 4%, West Windsor decline of 4%, Montgomery Township decline of 3%, and Pennington decline of 15 %.

The charts below illustrate the differences in the trend for the other areas in the greater Princeton NJ real estate market.

The increase in the average price in Princeton NJ does not necessarily indicate the increase for the 2008. The concerns about the economy and the general perception of the public that real estate priceswill be going down is keeping many buyers from entering the market. On the other hand, there are still buyers that need to buy because of their circumstances. In the greater Princeton real estate market homes for sale priced competitively will continue to sell.

* Data is based on the Trend MLS and is not guaranteed.

Please contact Faina Sechzer at 609-553-4175 with questions about real estate, homes for sale and/or listing your house to sell, and relocation assistance in Princeton, Montgomery Township, West Windsor, Hopewell, and Lawrenceville New Jersey. Referrals are accepted. If you are moving out of the greater Princeton area, please inquire about the countrywide relocation program.

Copyright  ©2007-2009 Faina Sechzer All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

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