I.West Windsor Real Estate Statistics June 2008 and First Half 2008  Summary  

The West Windsor NJ real estate market report for June 2008 is important in the sense it completes the picture for the first 180 days of 2008 and also covers the usually busiest real estate market in the summer. The West Windsor real estate statistics show significant 26% decline in the number of houses listed for June 2008 and 12% decline for the first six months 2008, compared to the same periods in 2007. Sellers of West Windsor homes have been reluctant to put their houses on the market in the wave of the national reports of depressed home prices, credit problems and other economic troubles. This is similar to the real estate market in Princeton and Montgomery Township. West Windsor Home Sellers' choosing to wait for a better market could also suggest the relative economic stability of the greater Princeton, with much less impact of the foreclosures. In many parts of the country waiting is not an option for many homeowners.

With fewer houses on the market, there were declines in the number of West Windsor homes sold in June 2008 and in the first half of 2008, compared to  the same periods in 2007. These declines are 13% and 16% respectively. The average price decline of 2% for homes sold in West  Windsor could be considered moderate for the first 180 days in 2008, compared to 2007, reflective of the relative limited inventory.

Read: Princeton NJ Mercer County Real Estate Market Housing Report -Second Quarter 2008

II. West Windsor Real Estate Market June 2008

West Windsor Houses Sold 2008
Total number            29
Median Price            $570,000
Average Price            $591,990
Avg. Sold Price/original Price    94%

West Windsor Condos Sold 2008
Total number            5
Median Price            $273,500
Average Price            $278,500
Avg. sold price/Original Price    94%

West Windsor Houses Pending 2008
Total number            30
Median Price            $659,000
Average Price            $673,780

West Windsor Condos Pending 2008
Total number            9
Median Price            $389,000
Average Price            $371,000

West Windsor Houses Active 2008
Total number            158
Median Price            $628,980
Average Price            $677,670

West Windsor Condos Active 2008
Total number            32
Median Price            $336,900
Average Price           $351,770

West Windsor Real Estate Statistics - Houses & Condos June 2008
Units Listed                42
Listed Average Price     $550,446
Pended                      36
Units Sold                  34
Sold Average              $545,887
Average DOM             57

West Windsor Real Estate Statistics - Houses & Condos June 2007
Units Listed                57
Listed Average Price     $572,723
Pended                     40
Units Sold                 39
Sold Average Price      $560,153
Average DOM            80

III. West Windsor Real Estate Market  - First Half 2008

West Windsor Houses Sold
Total number            110
Median Price            $513,000
Average Price            $565,750
Avg. Sold Price/ Original Price    92%

West Windsor Condos Sold
Total number            27
Median Price            $336,900
Average Price            $351,770
Avg. Sold Price/ Original Price    94%

West Windsor Real Estate - Houses & Condos - First Half 2008
Units Listed                302
Listed Average Price     $595,413
Pended                      186
Units Sold                  136
Sold Average Price       $516,427
Average DOM            74

West Windsor Real Estate - Houses & Condos First Half  2007
Units Listed                342
Listed Average Price     $599,694
Pended                      211
Units Sold                  162
Sold Average Price       $528,999
Average DOM             84

Data based on Trend MLS 07/22/2008 and is not guaranteed.

Use our free West Windsor Homes Search if you are considering relocating to West Windsor NJ and search for West Windsor homes for sale 24/7.

Please call 609-553-4175 for services in Princeton, Montgomery Township, West Windsor, Plainsboro, Princeton Junction, Hopewell, Pennington, and Lawrenceville New Jersey.New Jersey Real estate, New Jersey homes for sale and/or listing New Jersey homes to sell, relocation services and assistance. Referrals are accepted. Countrywide and international relocation program is available.

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 consumer is urged to perform their own research and analysis.

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New Jersey Real Estate - W. Windsor Housing Market May 2008

West Windsor real estate in May 2008 is not very different from May 2007. There was a small reductions of houses listed this month compared to same period last year and to April of 2007.  The median prices for houses have increased compared to April 2008 but decreased compared to May 2007. The interesting factors is that the median price for West Windsor condos has continued to decline from last year and from last month.This could be an indication that the first time home buyers are affected by the mortgage problems and are not in a position to by, this reducing demand for condos and therefore declining prices. In some communities , like Princeton, the inventory of available homes has been much lower then last year. This is not the case in West Windsor.

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West Windsor NJ Real Estate - First Quarter 2008

The West Windsor NJ real estate (of the greater Princeton NJ) report is now  completed with the results for the 1st quarter. This report details the prices of West Windsor NJ homes for sale, trends in the numbers of homes sold, the average  days on the market it took to sell the house and the rate at which houses have sold. Data is compared it to the real estate statistics for the same period of last year -Q1 2007. The West Windsor NJ real estate is different from Princeton NJ real estate Montgomery NJ real estate. You can review the report for Princeton NJ real estate  and Montgomery NJ real estate housing report could be used for comparison.

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The prices of homes in the West Windsor NJ real estate market is an important issue for the homeowners. It is even more so on the minds of many now, given the economic uncertainties of 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.

West Windsor real estate prices for the period of 2004 - 2007 had a 14% increase in the average sale price. The largest increase occurred in 2005, followed by a smaller increase in 2006, when other towns had already started showing price declines. The 2007 average house prices in West Windsor have declined 4%.

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