West Windsor NJ Real Estate Market Report – June 2008 and First 180 Days 2008

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 as it completes the
picture for the first six months 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.

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.

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