New Jersey Real Estate Agent

Montgomery Township homes for sale are thought by buyers looking for highly rated Montgomery Township school district and for a large selection of homes in various price ranges and neighborhoods such as Skillman, Belle Mead, Blawenburg. Some properties in Montgomery Township have Princeton address, but the kids attend Montgomery Township schools. Here is a selection of homes available in the $750,000 – $1,000,000 price range.

New Jersey luxury homes in Montgomery Township are sought by buyers looking for the highly rated Montgomery Township schools, and availability of luxury homes both new and older estates, located in beautiful, often pastoral settings. These homes are available in the $1,000,000+ price range.

Montgomery Township offers a wide variety of home styles, prices and neighborhoods such as Skillman, Bell Mead and Rocky Hill. Some Montgomery houses for sale have Princeton address, but are in Montgomery and use Montgomery Township School District. The following are the homes for sale available for less that $750,000.

Princeton Real Estate has released it’s report on the real estate market in Montgomery Township for the last 5 years. Considering selling your home your home in Montgomery Township soon? Thinking if this is the right time and place to buy? This report is for you. The report contains some positive news, unlike most of the country that suffered much more severe real estate downturn. Here are several key observations:

• 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.

What are real estate prices of the homes sold in Montgomery Township New Jersey? This question is often asked by the blog readers who are either considering selling their Montgomery home or buyers who want to understand better the value of Montgomery Township real estate. Both sellers and buyers should also review the prices of Princeton real estate. For Montgomery township sellers it would show what buyers in the similar price range could find in other towns. for Buyers of Montgomery homes for sale, Princeton real estate prices would give a sense of else you could find within your budget.

Read:Princeton New Jersey Real Estate – What Did Princeton Houses Sell For?

In the “old days” of real estate this information was solely a prerogative of real estate agents.

There are many in the real estate community who still believe this information should not be made public because it is payed for by real estate agents. I do pay for access to this information, but choose to make it available to my readers and subscribers because it makes them more prepared for the buying and selling process. Even more importantly, I explain what this information means (and what it doesn’t) because not understanding it could lead to wrong decisions.

When it comes to data about Montgomery Township real estate, as well as Princeton real estate and other surrounding towns, it’s close to impossible to find information that is straight forward and accurate.

Read: Who else wants to have clarity about Princeton real estate?

Do Princeton houses sell fast?

The information about Montgomery houses sold year-to date could be helpful in staying abreast of your neighborhood prices. It could be helpful to set your expectations if you are preparing your Montgomery home for sale. it could be helpful to the out of town buyers who are researching Montgomery township neighborhoods and deciding which neighborhood best fits their needs and budget.

This information is guidance but not enough to set the market price for your Montgomery homes for sale for several reasons. The Days On The  Market (DOM) does not necessarily reflect the time the house was for sale, since sometimes Montgomery homes for sale are withdrawn from the market and re-listed, which cause the days on the market statistics to re-set. Most important of these reasons is the knowledge of the specific house (even if it is the same model as yours), since many factors go into why a particular house sold for the sale price. Use the information bellow as a guidance and for research, but do not substitute it for an advice of a competent Montgomery real estate agent.

Read: How to find the best level of service for a Montgomery/Princeton New Jersey real estate agent?

Montgomery Township Real Estate -Houses Sold Year-To- Date 2008 (price range $700,000-$1,200,000)*

 The data is based on Trend MLS as of 8/19/2008 and is considered accurate but not guaranteed.

Read: Montgomery Township real estate market report – six months 2008