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Market Report - May 2008 - Mercer County

Desiree.Daniels

Market Report - 2008

I am happy to provide you with the following Mercer County Market Report (individual township statistics will be provided on June 1).

It seems that the flood gates of inventory we say in April have slowed for new listings.   Which is great in order not to have an "over saturation" of homes on the market.    I am also pleased to tell you that we not only took 227 fewer listings in May, but the look at the sales.   Pending from last month were 301 with 766 new listings to pending 212 with only 539 new listings.

THE INVENTORY IS MOVING!!!!    

My only advice to you all is ... price it right, stage it, and put your best foot forward and your home well sell.    And don't hesitate to call my team to do the job!!!!

Contact The Desiree Daniels Team at (609) 448-2222 for all your real estate needs!!!

 

Market Statistics

 Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

May 2008

539

228,119,312

423,226

212

178

69,334,872

389,521

82

Apr 2008

766

298,876,623

390,178

301

241

81,332,502

337,479

86

Mar 2008

651

240,401,528

369,280

289

222

69,260,096

311,982

103

Feb 2008

593

226,605,994

382,134

271

165

57,241,870

346,920

95

Jan 2008

626

235,349,668

375,957

196

187

72,130,538

385,724

104

 

 

 

 

 

 

 

 

 

Totals:

3175

1,229,353,125

387,197

1269

993

349,299,878

351,762

94

 

 

 

 

 

 

 

 

 

 Inventory Accumulation for the Last 12 Full Months

 

 

 

 

 

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

2728

1,088,427,908

398,983

275

9

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $17,900

Original List Price: $4,725,000

Original List Price: $385,976

Sold Price : $11,000

Sold Price: $4,125,000

Sold Price: $351,762

 

 

 

Inventory Accumulation figures are only calculated when Report End Month is the current month 

 

Market Statistics Criteria Used

DateRange:

1/2008 to 5/2008

PriceRange:

$1,000 to $999,999,000

Property Category:

Residential

Area:

All Mercer County

 

 

 

 

 

http://www.robbinsvillehomesforsale.com/003729

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New Jersey Real Estate Voice Leave a comment »    Posted by Desiree.Daniels     May 28, 2008 @ 9:15 pm

New Jersey Housing Trends - Home Sales Up 4%

Desiree.Daniels

Desiree Daniels - Robbinsville Real Estate SoldHow's this for amazing FACTUAL news about the New Jersey Real Estate Market.     The article below was released to the press today and further verifies my views on real estate in New Jersey and specifically Mercer and Burlington Counties.

All Real Estate is local!!!  Now these are headlines to read and enjoy. 

As always if you have any questions or need any additional real estate information The Desiree Daniels Team is here to help  (609) 448-2222

 

New Jersey Defies National Housing Trends:

Home Sales Up 4 Percent

 (Edison, NJ)- Sales volume of existing single-family homes, condominiums and co-ops in the first quarter of 2008 increased 4 percent from the same period last year, indicating New Jersey continues to defy national real estate trends.  According to statistics released by the NATIONAL ASSOCIATION OF REALTORS® (NAR)today, New Jersey's seasonally adjusted annual rate of home sales equaled 169,600.

"Unlike most of the nation, the New Jersey housing market remains stable," said 2008 NJAR®President Drew Fishman, CRS.  "Nationally, total sales for single-family homes, condominiums and co-ops dropped by 22 percent from the previous year, while New Jersey was one of three states to show an increase.  This is just further evidence that New Jersey does not follow national real estate trends."

Read more »

http://www.robbinsvillehomesforsale.com/00341E

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New Jersey Real Estate Voice 1 comment »    Posted by Desiree.Daniels     May 14, 2008 @ 6:58 pm

Robbinsville, New Jersey Real Estate - Market Report - 2008

Desiree.Daniels

New Jersey Real Estate Market Report Banner

Robbinsville, New Jersey Market Report - May 2008

Market Statistics

Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

May 2008

4

3,138,300

784,575

0

3

1,442,500

480,833

87

Apr 2008

32

12,146,850

379,589

11

11

4,178,400

379,854

54

Mar 2008

44

18,699,248

424,982

12

6

2,488,900

414,816

112

Feb 2008

34

15,190,167

446,769

13

9

3,729,500

414,388

58

Jan 2008

39

16,693,876

428,048

10

10

3,095,291

309,529

137

 

 

 

 

 

 

 

 

 

Totals:

153

65,868,441

430,512

46

39

14,934,591

382,938

88

 

 

 

 

 

 

 

 

 

 Inventory Accumulation for the Last 12 Full Months

 

 

 

 

 

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

128

53,256,754

416,068

15

8

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $221,900

Original List Price: $699,900

Original List Price: $409,025

Sold Price : $215,000

Sold Price: $630,000

Sold Price: $382,938

 

 

 

 

Market Statistics Criteria Used

DateRange:

1/2008 to 5/2008

PriceRange:

$1,000 to $999,999,000

Property Category:

Residential

Area:

Robbinsville Twp

http://www.robbinsvillehomesforsale.com/0031DA

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New Jersey Real Estate Voice Leave a comment »    Posted by Desiree.Daniels     May 03, 2008 @ 3:54 pm

Selling your home in Robbinsville, New Jersey - Spring Tips

Desiree.Daniels

Spring Selling Tips for Robbinsville, New Jersey HomeownersWashington Town Center


Thinking about selling your Robbinsville home?  Well spring is here and I thought some spring-selling tips might be helpful to get your home ready for todays market.

We need to look at the outside of your home first.     Take a minute and approach your home from the road and look at it with 'buyer eyes.     There are always the regular spring maintenance we do to our homes when the weather breaks.   But now is the time to pay attention to detail.

Buyers are still buying homes, but they are certainly approaching the home buying process differently.    In recent past years, the buyers were fueled by lack of inventory and emotion.   Now with the market adjusting as it has, it more about the pricing and condition.  

Read more »

http://www.robbinsvillehomesforsale.com/002D50

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New Jersey Real Estate Voice Leave a comment »    Posted by Desiree.Daniels     Apr 16, 2008 @ 12:05 pm

Selling your home in Robbinsville, New Jersey

Desiree.Daniels

  Why you should hire the Desiree Daniels Team to Sell your Desiree Daniels, Jaimie O'Neil, Albert Sodaro, Pearl Lechner, Jay Sichel, JoAnn Sommers, Joy Baszczowskihome

 

**Ranked in the top 25 for Sales Teams in New Jersey

** 20+ Years Experience

** 7 Full Time Sales Agents

**  Top Producing Agent - Member of Platinum Club

**  Million Dollar Sales Club

**  Circle of Excellence Members

**Member of The RE/MAX Hall of Fame

**Member of the New Jersey Association of Realtors - Public Awareness Committee

** Extremely accessible and reliable

**  Top Single office in the State of New Jersey

**  Top Fund Raiser for Children's Miracle Network

**  Unconditional listing release

**  Flexible Commission Structure

** Aggressive marketing plan

** Personalized Web Page

** Customized mailings

** Referral's upon request

 

 

 

http://www.robbinsvillehomesforsale.com/002D1A

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New Jersey Real Estate Voice Leave a comment »    Posted by Desiree.Daniels     Apr 14, 2008 @ 11:17 am