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Princeton Real Estate Housing Market Report -3d Quarter 2008This Princeton real estate housing market report may be the only report with some good news amid the financial crisis engulfing the country. The positive news is the 8% increase in the median house price and the 6% increase in the average home price in Princeton Township in the 3d quarter 2008 compared with the same period in 2007. The question “How is the Princeton real estate?” is something I get asked at least half a dozen times daily. I was happy today my answer had some good news. Princeton NJ Mercer county real estate report has been developed to cover the results for the third quarter of 2008. This report details the prices of Princeton NJ homes for sale, trends in the numbers of homes sold, the average days on the market Princeton Borough real estate median price have increased 6%. The median price of houses sold in both the Princeton Township and the Borough increased 2%. The number of houses sold have continued to decline in Princeton Township by 25%, which is understandable given the decline in the supply – the number of Princeton Township houses listed declined 39%. In the Princeton Boro the number of homes sold increased by 23%, while the number of houses listed declined 26%. This does not mean Princeton real estate and homes for sale have been completely immune from the declining prices. The median and average prices reflect a relative direction, but are not precise, because they do not measure the sale of the same Princeton property, i.e. the mix of the houses in the 3d quarter of 2008 is different from the mix of houses sold in the same period last year. These are the details for this report*. Princeton Township Real Estate – 3d Quarter Min. price sold $245,000 Princeton Borough Real Estate – 3d Quarter Average price sold $864,130 $906,531 Median price sold $699,000 $657,000 min sold $220,000 Combined Township and Boro Sept 2008 Sept 2007 Information is based on Trend MLS data as of 10/03/2008. Presumed accurate but not guaranteed.
Princeton NJ Mercer County Real Estate Market Housing Report -First Quarter 2008 Princeton NJ Mercer County Real Estate -Homes for sale prices 2004-2007 Princeton Real Estate – Housing Prices, Market Reports, Statistics Princeton NJ Mercer County Real Estate – How Long Does It Take To Sell Princeton 2006-2007 Please call 609-553-4175 to find out how real estate in Princeton, Montgomery Township, West Windsor, Faina Sechzer does not guarantee or is in any way responsible for accuracy of the information on this site, and provides said information without warranties of any kind, either expressed or implied. Every Copyright © 2007-2009 Faina Sechzer All rights reserved. This information cannot be No related posts. Related posts brought to you by Yet Another Related Posts Plugin. |
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[...] Princeton real estate home prices, as reported by national press and media, could mean very little for home sellers and buyers. The basic question/concern Princeton real estate home sellers have is what is their home worth. Could you as a home seller assume that if the average prices are down/up nationally, or in New Jersey, or in Princeton, that your home is respectively worth less/more by the same percentage? And what about the median home prices? What is difference and which is a better indicator of what is going on in the Princeton real estate market [...]
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