Princeton Junction /West Windsor – Houses For Sale Summary

• Both median and average prices of houses sold in West Windsor have declined by 11%.
• The biggest change is in the numbers of houses sold, which declined by 63%. This would be alarming if not for the good news in the number of houses pending.
• Pending represents the houses gone under contract in January 2009 and indicates sales/closings in the next several months. This number has increased 83% compared to January 2008.
• This could be an indication that many home buyers believe that West Windsor real estate prices are close to the bottom and are coming back to the market.
• There are fewer Princeton Junction houses for sale active then during the same period last year. Fewer houses on the market should keep the downward pressure on the prices more in check.
• Another piece of good news is that of houses sold – 83% did so in 60 days or less.

Princeton Junction /West Windsor – Condos For Sale Summary

• It is difficult to draw a conclusion in regard to real estate condos prices, since the median shows a 12% increase, while the average prices shows 7% decline. Median prices usually are more reflective of the condition of real estate, so the condos seem to have been less effected then single family homes.
• The number of condos sold has declined 25, but also not as dramatically as for Princeton Junction/ West Windsor single family houses.
• The number of condos pending has remained the same as in January 2008.
• The number of condos for sale active on the market has increased. Increase in inventory could produce downward pressure on the prices going forward.

Below id the detailed data for both single family houses and condos for January 2009 and January 2008.

Princeton Junction/ West Windsor Houses For Sale – January 2009

• Median Price of Houses Sold        $480,000
• Average Price of Houses Sold        $ 557,920
• Number of Houses Sold                               6
• Number of Houses Pending                       11
• Number of Houses Active                          110
• Av. Sold Price/Original Price                      96%
• Number of Houses sold over $700,000      3
• Sold in 60 days or less                                     5

Princeton Junction/ West Windsor Condos For Sale – January 2009

• Median Price of Condos Sold   $249,500
• Average Price of Condos Sold   $273,170
• Number of Condos Sold               3
• Number of Condos Pending        4
• Number of Houses Active             22
• Av.Sold Price/Original Price         91%
• Condos sold over $300,000         1

Princeton Junction/ West Windsor Houses For Sale – January 2008

• Median Price of Houses Sold    $540,000
• Average Price of Houses Sold   $ 627,680
• Number of Houses Sold                16
• Number of Houses Pending          6
• Number of Houses Active             133
• Av. Sold Price/Original Price         92%
• Number of Houses sold over $800,000        3
• Number of houses sold over $1,000,000     2
• Houses sold in 60 days or less       6

Princeton Junction/ West Windsor Houses For Sale – January 2008

• Median Price of Condos Sold   $222,000
• Average Price of Condos Sold   $295,000
• Number of Condos Sold               4
• Number of Condos Pending        4
• Number Condos Active                 18
• Av.Sold Price/Original Price         94%
• Condos sold over $300,000         1

Search all West Windsor and Princeton Junction single family homes

Thinking of buying or selling your house in Princeton NJ area -  We can help
If you are considering buying or selling a home in the Princeton NJ Hopewell Princeton Junction Montgomery  area…

Contact us at (609)-553-4175 for a FREE quote and to find Princeton Mortgage options and to search all Princeton Lawrenceville Princeton Junction Montgomery and Princeton homes for sale right now..

Copyright © 2009 Faina Sechzer, Princeton REALTORS and your Princeton Real Estate Consultants specializing in Princeton, Lawrenceville, Hopewell, Princeton Junction and Montgomery Real Estate.

All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

I have written extensively on how important it is to understand Princeton real estate prices , since many of the New Jersey real estate prices and statistics could be misleading on the Internet. It’s important to work with a Princeton real estate agent knowledgeable to provide the meaning to this information.

Read : Who else wants clarity about real estate prices?

Princeton Borough Real Estate – Summary

• Princeton Borough real estate market report for January 2009 is a case in point of understanding information. Data shows that the median price of single family homes in Princeton Borough has declined 77% and the average price has declined 76%.
• This information could be devastating for all homes sellers in Princeton, unless they understood what is behind this data. The Princeton Borough real estate prices appear to be high in January 2008 because there were only two sales and they were over $2 million. This makes the $680,000 median price for January 2009 look much lower in comparison. Simply put, there is very little data to make meaningful conclusions.
• What appears to be good news – a 200% increase in the number of homes sold may also not be a reliable indicator of improvements in the Princeton Borough real estate sales. The reason is the same – not enough data to draw meaningful conclusions. There were only two sales of single family homes in the Borough in January 2008.
• The Princeton Borough number of houses pending could be the more reliable indicator. This number shows how many houses went under contract in January 2009 and are presumed to close in the next several months. This number has remained the same as in January 2008, indicating that real estate in Princeton has not been effected as severely as the rest of the country.
• There were no Princeton Borough condos sold or pending in January 2009. In January 2008 there was one sale and two pending.
• 50 % of the houses sold in 60 days or less.

Below are the details for this summary.

Princeton Borough Houses For Sale – January 2009

• Median Price Houses Sold $680,000
• Average Price Houses Sold $836,080
• Av. Sold Price/Orig. Price 92%
• Number House Sold 6
• Number Houses Pending 2
• 4 houses sold under $950,00
• 1 houses sold over $1,000,000

Princeton Borough Condos For Sale – January 2009

• Median Price Condos $0
• Average Price Condos $0
• Av. Sold price/Orig. Price
• Number Condos Sold 0
• Number Condos Pending 0

Princeton Borough Houses For Sale – January 2008

• Median Price Houses Sold $2,900,000
• Average Price Houses Sold $3,512,500
• Av. Sold Price/Orig. Price 81%
• Number House Sold 2
• Number Houses Pending 2

Princeton Borough Condos For Sale – Sold January 2008

• Median Price Condos Sold $729,000
• Average Price Condos Sold $729,000
• Av. Sold price/Orig. Price 100%
• Number Condos Sold 1
• Number Condos Pending 2

Search All Princeton Borough Homes For Sale

Thinking of buying or selling your house In Princeton NJ area -  We can help
If you are considering buying or selling a home in the Princeton NJ Hopewell Princeton Junction Montgomery  area…

Contact us at (609)-553-4175 for a FREE quote and to find Princeton Mortgage options and to search all Princeton Lawrenceville Princeton Junction Montgomery and Princeton homes for sale right now..

Copyright © 2009 Faina Sechzer, Princeton REALTORS and your Princeton Real Estate Consultants specializing in Princeton, Lawrenceville, Hopewell, Princeton Junction and Montgomery Real Estate.

All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

Princeton Real Estate publishes monthly, quarterly reports and yearly New Jersey real estate market reports for Princeton, Hopewell, Montgomery Township, and Princeton Junction. If you are Princeton area homes for sale buyer or seller this information is important for your your plans. This report is for Princeton Township real estate for January 2009.

In summary the data shows declines (compared to January 2008) for the Princeton Township real estate in both median and average prices of houses sold, decline in the number of houses sold and in the number of houses pending (houses that went under contract). The big decline in the number of houses pending, is particularly concerning since it provides the outlook for the sales in the next several months.

Princeton real estate in general has maintained relative stability and showed increases in median prices of houses sold in 2008 and over the last year. Read: Princeton Real Estate Market Report 2004-2008

January  2009 data shows  a very different picture:

• Median Price Houses Sold -  Down 14%
• Average Price Houses Sold – Down  29%
• Number of Houses Sold – Down 33%
• Number of Houses Pending – Down 45%

These numbers reflect ongoing economic weakness resulting in the loss of many jobs. Uncertainty over the future is effecting Princeton area  home buyers who are concerned both with their financial situation and the concern that  real estate price will continue to decline. The one bit of positive news is that the percentage difference between the sale price and the asking price has decreased indicating the more realistic home pricing by home sellers and real estate agents.

The situation for Princeton Township condos for sale in January 2009 is also somewhat better then in January 2008. There were 2 sales compared to none in 2008.

The following are the details for both Princeton Township homes for sale and condos for sale.

Princeton Township Real Estate – Homes For Sale

Median Price Houses $599,000
Average Price Houses $754,000
Av. Sold Price/Orig. Price 94%
Number House Sold 6
Number Houses Pending 6
5 houses sold under $900,000
1 house sold over $1,000,000
50% of homes sold in 60 days or less

Princeton Township Real Estate – Condos For Sale

Median Price Condos $242,000
Average Price Condos $493,500
Av. Sold price/Orig. Price 91%
Number Condos Sold 2
Number Condos Pending 0

Thinking of buying or selling your house In Princeton NJ area -  We can help…
If you are considering buying or selling a home in the Princeton NJ Hopewell Princeton Junction Montgomery  area…

Contact us at (609)-553-4175 for a FREE quote and to find Princeton Mortgage options and to search all Princeton Lawrenceville Princeton Junction Montgomery and Princeton homes for sale right now..

Copyright © 2009 Faina Sechzer, Princeton REALTORS and your Princeton Real Estate Consultants specializing in Princeton, Lawrenceville, Hopewell, Princeton Junction and Montgomery Real Estate.

All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

Princeton Borough homes for sale -Single family homes*

• There are 25 homes on the market now
• The minimum listing price is  $321,000 for a two bedroom 1 bath houses on 7 Lytle street.
• the maximum listed price is $3,595,000 for a six bedroom, 7/1 bathrooms house on 17 Hibben street
• The median price was $800,000 for Princeton Borough single family homes sold in 2008.
• There are 4 houses for less then $500,000
• There are 2 houses in the 4500,000 to $700,000 price range
• there are 5 houses in the $700,000 -$1,000,000 price range
• There are 7 houses in the $1,000,000- $2,000,000 price range
• There 5 houses in the $2,000,000 – $3,000,000 price range
• There are 2 houses over $3,000,000
• There were 57 houses sold in Princeton Boro in 2008
• 19 houses sold in less then 30 days on the market.

Princeton Borough homes for sale -Townhouses and Condos*

• There are 13 condos and townhouses for sale in Princeton Borough.
• The minimum price is $365,000 for a 1 bedroom, 1 bath house at 36 Moore St. *
• The maximum price is $950,000 for new condos on Witherspoon with 3 bedrooms, 2/1 baths.
• The median price was $560,000 for Princeton Borough condos and townhouses sold in 2008
• There were 15 condos and townhouses sold in Princeton Boro on 2008.
• Two condos/townhouses sold in less 30 days.

Data based on Trend MLS (02/06/2009) and is not guaranteed.

Here are the Princeton Borough houses for sale in the MLS.

Thinking of buying or selling your house In Princeton Borough or surrounding towns ? -  We can help
If you are considering buying or selling a home in the Princeton NJ Hopewell Princeton Junction Montgomery  area…

Contact us at (609)-553-4175 for a FREE quote and to find Princeton Mortgage options and to search all Princeton Lawrenceville Princeton Junction Montgomery and Princeton homes for sale right now..

Copyright © 2009 Faina Sechzer, Princeton REALTORS and your Princeton Real Estate Consultants specializing in Princeton, Lawrenceville, Hopewell, Princeton Junction and Montgomery Real Estate.

All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

How’s Princeton NJ real estate? The answer depends on your specific part of the Princeton real estate market.  Princeton luxury homes for sale over $2,000,000 are not doing as well as the overall Princeton real estate market. Interestingly the conditions are different for Princeton Township and Princeton Borough. In the Princeton Borough four times as many homes were sold in this price range in 2008 then in 2007.

Princeton Township Luxury Homes For Sale

This is a relatively small market segment, representing less then 10% of all the Princeton homes for sale listed in 2008.

• There is an interesting difference between the luxury homes and the market in general.

• Of the Princeton homes for sale listed over $2,000,000 only 21% sold, compared to 53% for the overall market. Luxury Princeton homes took 190 days to get under contract, almost twice as long as for all Princeton homes for sale.

• Homes over $3,000,000 have not fared well in terms of the numbers sold. Only one of them sold (out of 16 listed) and none sold over $4,000,000. The same number sold in 2007, but the number of listed homes then was only 6.
• When the supply greatly outweighs the demand it creates downward pressure on the sale prices.

Princeton Borough Luxury Homes For Sale

The Princeton Borough luxury homes are doing better then in the homes in this market segment in the Princeton Township.

• 40% of the 20 Princeton Borough homes listed over $2,000,000 sold.

• The category of homes sold over $3,000,000 was most popular.  Of the 5 houses listed 4 sold, almost twice as many as in 2007.

• Princeton homes for sale, especially in the Borough continue to generate home buyer demand.

The Bottom Line

• The conditions for the luxury Princeton real estate are different for the Princeton Borough and the Princeton Township.

• In the Township and the Borough the supply outweighs the demand with more homes being listed then in 2007, which could bring further downward pressure on the prices.

The good news is that the Princeton Borough continues to be attractive for the luxury home buyers, resulting in 4 times the number of sales as in 2007.

Here are all

Princeton luxury homes for sale over $2,000,000

Hopewell Real Estate Market – Key Points

Hopewell Real Estate Market Reports

• The average price of house sold in 2008 in Hopewell Township and Hopewell Borough (combined) was $518,579 and has decreased 9% compared to 2007.

• The highest average price in the last five years was in 2005, and has declined 9% since that time.

• The numbers of houses sold in 2008 has declined 17% compared to 2007 and 38% compared to the high of 2005.

• Average price has declined 2% cumulatively since 2004.

• Days on the market (93 in 2008) has declined 10% compared to 2007. It may indicates that sellers of the homes that sell price them more realistically then the year before and therefore selling them faster. The present number is 37% higher then in 2004.

Whether you are considering buying or selling Hopewell real estate, it is important to consider how the market here compares to the surrounding communities.

Here are few comparisons.

Montgomery Township real estate homes for sale sold

Average home price in 2008 declined 7% compared to 2007;
Average home price declined 9% compared to the high of 2005.
Average house price has increased cumulatively 5% since 2004.
Number of houses sold in 2008 has decreased 16% since 2007.

Pennington Real Estate  homes for sale sold

Average price in 2008 has increased 14% compared to 2007.
Average price in 2008 has declined 9% compared to the high of 2005.
Average price has increased 10% cumulatively since 2004.
Number of homes sold in 2008 has decreased 23% compared to 2007.

Princeton real estate homes for sale sold

Average price in 2008 increased 10% compared to 2007
Average price increased every year since 2004. The cumulative increase is 15%.
The number of houses sold in 2008 has declined 22%
Days on the market increased 4% compared to 2007.

If you are interested in learning what your Hopewell house is worth in today’s market call us at 609-553-4175 or submit your information at What is my home worth?

Want to look for your Hopewell home? Click on the link below.

Hopewell Homes For Sale

• The good news is that the average price of $625,064 has increased 5% compared to the prices 5 years  ago.  Many people who bought their homes before 2003 may still see positive appreciation. That may not be the case for those who bought in the last several years.  Read More: Understanding Real Estate Prices.
• The not so good news -the average price of homes sold in Montgomery has declined 7% in 2008 vs. 2007.
• The highest average price of the homes sold in Montgomery Township in the last 5 years was in 2005. It has declined 8% since that high.
• The number of homes sold has declined 16%. This is coupled with an almost corresponding decline in the number of houses listed, reflecting the sellers’ hesitation of selling in this market.
• The “days on the market” has increased very slightly compared to last year, but rather significantly -70% from 2005, when the houses were selling in record times.
• The highest average sold price was $2,300,000 -reflection of the buyers continued interest in the Montgomery Township luxury real estate. This is a 47% increase since 2004.
• It is important for buyers and sellers to understand how how these results compare with the surrounding communities. In Princeton average price has increased 10%, in Hopewell – it has declined 9%, and in Pennington – increased 14% compared to last year. The number of houses sold has declined significantly in these communities as well as in Montgomery.

If you would like to know how your Montgomery Township homes’ value and how it’s weathering this market, please call 609-553-4175.

Princeton real estate market 2008 highlights

Princeton Market Reports

1. Average price of the homes sold in Princeton in 2008 was 1,006,832- a 10% increase compared to 2007. This is good news, but not an indication that if bought your home last year, you can sell it for 10% more. Read: Understanding Princeton real estate prices.
2. Average price of the homes sold in Princeton in 2008 has increased 13% compared to 2005.
3. Average price of homes sold in Princeton has increased every year since 2004. This is the most amazing piece of news, given what has transpired in the rest of the financial and real estate markets around the country.
4. Average price of a houses sold in Princeton has increased cumulatively 30%. The largest increase of 15% compared to the previous year, has occurred in 2005.
5. The number of Princeton houses sold in 2008 has decreased drastically by 22%. Princeton has not been completely immune to the bad real estate market. Compared to 2005 this decrease is a whooping 40%. Read my analysis in the upcoming post.
6. Maximum Price for a Princeton house sold was $4,125,000 – the highest since 2005, and a 11% higher then in 2007.
7. The number of houses listed in Princeton Township has declined more then in Princeton Borough -24% and -18% respectively.
8. Days on the market has increased for Princeton Township by 14%, but declined for homes sold in the Princeton Borough by 15%. This information is relevant only if examined in conjunction with your real estate agent, who could provide insight on how this statistics is reported and develop a meaningful guide for your home.

Princeton Real Estate Housing Market 2008

Housing Categories 2005             2006               2007               2008

Units Listed                 596               604                 559                  458
Listed Average            1,008,281    1,024,678          1,074,490      1,082,194
Pended                        378                297                  308                  230
Units Sold                    395                295                  305                  237
Average Sold Price       889,084       893,013             911,172        1,006,832
Average List Price         945,893       970,094            991,983        1,122,563
Max. Sold Price            4,080,195     3,340,000         3,700,000       4,125,000
Average DOM               76                 94                     97                  101

*Data is based on Trend MLS ( 01/05/2009) and is not guaranteed

Want to know how this report affects the price of your Princeton home? Call 609- 553-4175 or shoot me a quick e-mail fsechzer@yahoo.com.

Not ready for a discussion yet? You could learn a lot on your own by looking at MLS listings for Princeton NJ Homes for sale available for less then $2,000,000 in the MLS now.

The results are different for Princeton houses and Princeton condominiums and so I looked at them separately. I looked at both the average and the median prices since they could be different and even misleading.
Read: Understanding Princeton real estate prices

Interestingly, many home buyers and sellers and real estate agents do not understand the differences and what these numbers mean.

Princeton Township real estate home prices (excluding condominiums)

The median prices have decreased compared to the prior year only in 2006. The average prices have decreased only in 2007. Median prices of houses sold in Princeton Township increased by 36% since 2003, while the average sales prices have increased 31%. In 2008 the median price has increased by 6% and the average has increased by 8%.

This is by no means an indication that if you are a home seller in Princeton you could expect your home to sell for 6-8% more compared to last year. For example, average price in Princeton Ridge, one of the Princeton neighborhoods of stately houses, has declined by 22%. You have to work with an expert who can interpret the data as it relates to your specific home.
Here are the details*.
Years    House Prices $  % Change   House Prices $  % Change
Median                            Average
2003    650,000                               810,380
2004    665,000    2%                      865,580              7%
2005    815,000    23%                    944,240              9%
2006    770,000    -6%                  1,118,340             18%
2007    850,000    10%                   987,780              -12%
2008    900,000    6%                   1,066,020              8%
Total                    36%                                             31%

Princeton Township real estate home prices – condominiums

The Princeton Township condos median sales prices have increased 61% since 2003, and the average prices have increased 69%. Both median and average prices have declined In 2008 (up through the end of September) 18% and 8% respectively.

Here are the details*.

Years    House Prices $  % Change   House Prices $  % Change
Median                               Average

2003    320,000                                320,000
2004    460,000                44%         460,000                   44%
2005    510,000                11%         556,170                   21%
2006    356,000               -30%         506,450                   -9%
2007    550,000                54%          611,380                  21%
2008    450,000               -18%         564,330                  -8%
Total                                61%                                       69%

*Data is based on Trend MLS ( 10/22/2008) and is not guaranteed

To understand the affect of the Princeton real estate on price of  a home in Princeton please call 609- 553-4175. Not ready for a discussion yet? You could learn a lot on your own by reading:

Princeton Real Estate – Everything You Wanted To Know
Princeton New Jersey Real Estate Homes For Sale Housing Market Reports

Or click here to search for New Jersey Homes For Sale.

Unfortunately, there is little clarity about Princeton real estate prices. Neither of these statistics provide a reliable indicator of the local housing prices trends in Princeton as well as the surrounding communities? Let’s examine some of the reasons.

I. Real estate is “micro local”

You can’t apply the national or even New Jersey state real estate statistics to Princeton. Even more so, the aggregate Princeton sales prices may not apply to your home. The condition of real estate varies not just from town to town, but also in different price ranges, in different Princeton neighborhoods and developments, and in single homes vs. condominiums.

II. What are Median and Average Home Sales Prices

Let’s start by looking at the difference between the median and the average prices and what it means when it comes to real estate. Many buyers and sellers ask me about this difference. Interestingly, many real estate agents ask me to explain the difference to them as well. Let’s refresh the definitions. Here is an example given by Dr. Math .

“The MEAN is the arithmetic average, the average you are probably used to finding for a set of numbers – add up the numbers and divide by how many there are:

(80 + 90 + 90 + 100 + 85 + 90) / 6 = 89 1/6.

The MEDIAN is the number in the middle. In order to find the median, you have to put the values in order from lowest to highest, then find the number that is exactly in the middle:

80   85   90   90   90   100
^
since there is an even number of values, the MEDIAN is between these two, or it is 90. Notice that there is
exactly the same number of values ABOVE the median as BELOW it!”

For Princeton real estate this means median prices and average prices could be different. For towns, neighborhoods, and housing developments where homes are priced within a small range, these differences could be insignificant. For example, if you have 5 Princeton homes similarly priced $1,000,000; $1,100,000;$1,050,000; $1,025,000; $1,090,000 the average price is  $1,053,000. Median Price would be $1,050,000 ( with two homes below this price and two homes above this price) which is very close to the average.

When the prices for homes for sale vary greatly, as is the case in Princeton and many surrounding towns, there would be a significant difference between the homes median and average sales price. For example, if there were 5 Princeton homes sold and priced $500,000; $700,000; $1,300,000;$1,500,000; $3,000,000 -the average price is $1,400,000 and the median price is $1,300,000.

III. Problems with Princeton real estate average and median home prices

1. Median and average prices could be different, as explained above.
Median home price in Princeton Township (excluding condos) in 2006 was up 23%, while the average price was up was up only 9% compared to 2005.

2. Median and average prices could be moving in opposite directions.

Princeton median home price (excluding condos) in 2006 was down 6%, while the average price was up 18% compared to 2005. In 2007 the situation reversed. The median price was up 10% and the average price down 12%.

3. How to male sense of the numbers

The way to understand Princeton real estate average and median prices is to know the underlying series, i.e. individual transactions that went into calculating these prices. Competent Princeton real estate estate agent should be able to do it. The reason the average and median prices are not reliable indicator of how they affect the price of your home is because they do not track the sale of the same properties over years, but rather represent prices of the mix of the homes for sale during a particular period. If more expensive homes where sold year #1 compared to year #2, the prices would be higher. Yet the price of a home sold in year #1 could be less then in year #2. It is this change that is most meaningful. Unfortunately, such tracking does not exist for Princeton.

IV. Reporting of real estate homes sales prices

1. The available data may not be meaningful.
For Princeton real estate buyers and sellers it’s important to understand what is being reported. The most meaningful way to understand real estate prices is based on the Case-Shiller index, because it tracks sales of the same properties over the years. This index is not updated as often as home sales prices, so real estate reports in the press are often based on the average and median prices, which could often be meaningless, as shown in the example above. Unfortunately, the Case-Shiller index does not cover many areas in the country and does not cover Princeton. Applying real estate trends and statistics reported by the national press for Princeton homes for sale could produce very misleading results. Even when local statistics are available, they have to be understood on a deep level by those offering them, so they could offer appropriate guidance to the home sellers and buyers who rely on them for making decisions regarding their homes.

2.Tracking statistics on a deep level is a complicated and time consuming.

Many real estate agents simply use reports provided by MLS which are based either on median or average prices for a municipality. These prices are not enough to understand the “micro local” trends. To truly understand the trends in the Princeton real estate prices the agents need to know and understand the individual transactions that go into the aggregate statistics reported by the MLS.

V.  Who is doing the reporting

1. Press and media reporting.
If the goal of the press is to generate sales for their reporting -the more dramatic the headlines, the better are the chances for the story to generate interest. If I was reporting on the condition of the Princeton real estate in 2006 I could choose either of these headlines: “Median prices are in decline after 2005 highs” or  “Average home prices in Princeton rise dramatically while falling everywhere else”. Both of the statements would communicate the factual data while delivering the opposite messages. This could be totally misleading for the general public and to the agents who do not do independent research.

2. Real estate agents’ reporting.
If the real estate agents’ motivation is to sell homes, the statistics could be used to further this goal. While the agents are supposed to provide factual data, the example above shows how easy it would be to spin the story based on one’s motivation. The key here is to find a good Princeton agent who will cut out the spin. You already found one here:)

Want to know the affect of the Princeton real estate market on the value of your home? Call 609-553-4175 or shoot an email fsechzer@yahoo.com.

Not ready to discuss your plans with a real estate agent yet? You could learn a lot on your own, by reading:

Who else wants clarity about Princeton real estate prices?

Princeton Homes Buyers’ Tips

Princeton Homes Sellers’ Tips

Or  Search for All Princeton New Jersey Homes For Sale