If you are relocating to New Jersey and are looking for luxury Princeton homes for sale consider Preserve. Preserve is a small community of beautiful luxury homes located in the northern part of the Princeton Township, off the Great Road. This Princeton neighborhood could be a good buying opportunity for luxury home buyers, as the prices for some Preserve Princeton homes for sale are now back to the levels 2001 and 2002. International buyers in particular are interested in luxury Princeton homes because weak dollar makes this segment of Princeton real estate more affordable then ever before.
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The entrance to the development is low key, but many homes are among the best newer homes in Princeton.
The Princeton homes in the Preserve have each a distinctive look and feel unlike other Princeton homes for sale in developments that look very similar. This makes the development visually appealing. Preserve, Princeton has a private and seclude ambiance. There are only a few streets in the Preserve: Highland Terrace, Beach Hollow Lane and Oak Ridge Court offering private setting within a few miles of downtown Princeton. The styles of the houses range from traditional estate homes, Georgian colonials, to frank Lloyd Wright style and Danish country. This diversity reflects the variety of architectural preferences in this exclusive community.
Luxury Princeton homes here sell in the range of $2 million to $3 million. There were 3 sales in the last 5 years the highest being $3,000,000. The Princeton real estate market has had an impact on the home sales in this Princeton neighborhood. The lowest price for Princeton houses sold in the Preserve was for 163 Highland Terrace at $2,100,000. This Princeton property sold in 08/2007 for just a bit more than the sale price of $2,025,000 in 2001.
151 Highland Terrace sold for $2,600,000 in 09/2006 ( having being reduced from $3,475,000) and just a bit less then it was sold in 08/20002 for $2,650,000.
Read: Princeton NJ Mercer County Real Estate Market Housing Report 2004-2008
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