Cinnaminson NJ Home Sales Report

By Roxanne | Published: March 21, 2009

Cinnaminson, NJ real estate market activity report as of March 21, 2009.  Cinnaminson currently has 113 active MLS listings within Trend MLS.  The historical data provided is for February 2008 through February 2009, in which there was an average of 9 residential properties sold per month giving Cinnaminson an inventory accumulation of 12 months. 

Monthly Statistics for Cinnaminson, NJ between February 2008 and February 2009

Date

Units Listed

Listed Average

Pended

Units Sold

Sold Average

Average DOM

Feb 2009

23

387,041

8

9

240,155

114

Jan 2009

19

296,320

11

9

214,166

123

Dec 2008

16

231,418

9

7

229,500

117

Nov 2008

18

250,659

4

7

287,857

89

Oct 2008

26

281,857

8

6

282,583

85

Sep 2008

25

298,316

8

8

253,812

90

Aug 2008

25

317,811

10

15

261,973

106

July 2008

29

318,975

11

10

280,090

31

June 2008

19

293,542

11

16

304,453

102

May 2008

26

306,095

10

6

277,500

90

Apr 2008

25

367,284

10

12

232,700

72

Mar 2008

24

368,162

16

5

250,280

97

Feb 2008

26

297,819

5

8

407,062

97

 

 

 

 

 

 

 

Totals:

301

312,377

121

118

271,215

93

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Posted in Burlington County, Cinnaminson, South Jersey | Leave a comment

South Jersey YTD Housing Market Snapshot - Feb 09

By Roxanne | Published: March 18, 2009

The year to date housing market snapshot is provided by Trend MLS and includes home sales information for transactions recorded from January 1st through February 28th within Burlington, Camden, Gloucester, Mercer, and Salem Counties.  The three year comparison is for the same time period in 2007, 2008, and 2009.

Burlington County Single Family Home Sales:

Settled Units:

2007: 582
2008: 454 (2007/2008 change: -21.99%)
2009: 350 (2008/2009 change: -22.91%)

Average Settled Price:

2007: $302,000
2008: $270,000 (2007/2008 change: -10.60%)
2009: $254,000 (2008/2009 change: -5.93%)

Median Settled Price:

2007: $259,000
2008: $230,000 (2007/2008 change: -11.20%)
2009: $220,000 (2008/2009 change: -4.35%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.68%
2008: 91.99% (2007/2008 change: -1.80%)
2009: 88.56% (2008/2009 change: -3.73%)

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Posted in Burlington County, Camden County, Gloucester County, Mercer County, South Jersey | Leave a comment

Mount Laurel, NJ Home Sales Report

By Roxanne | Published: March 17, 2009

Mount Laurel, NJ currently has 427 residential properties for sale with an average of 46 properties sold per month giving Mt. Laurel a 9 month inventory accumulation.  Although there were less new listings coming onto the market in Feb ‘09, than in Feb. ‘08, the number of properties going under contract (pended) and settled stayed close to the same.   The January year over year comparison of the real estate market activity, however, experienced a decline in listings, pendings, and settled properties. 

Mt. Laurel Monthly Statistics for February 2008 through February 2009

Date

Units Listed

Listed Average

Pended

Units Sold

Sold Average

Average DOM

Feb 2009

83

308,564

33

30

230,571

73

Jan 2009

111

282,352

28

28

274,882

116

Dec 2008

44

290,418

31

48

282,844

87

Nov 2008

66

332,568

37

24

235,974

65

Oct 2008

92

259,935

36

54

282,696

77

Sep 2008

117

270,979

47

39

284,049

62

Aug 2008

90

300,260

46

64

301,057

78

July 2008

109

306,118

52

56

244,641

70

June 2008

117

301,050

56

78

267,309

80

May 2008

118

309,991

76

49

238,918

70

Apr 2008

123

285,393

51

51

242,774

60

Mar 2008

117

299,870

59

34

264,639

101

Feb 2008

109

292,811

35

29

263,231

82

 

 

 

 

 

 

 

Totals:

1296

294,441

587

584

264,957

77

 

 

 

 

 

 

 

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Posted in Market Conditions, Mount Laurel | Leave a comment

South Jersey Home Sales and Inventory March ‘09

By Roxanne | Published: March 15, 2009

The South Jersey home sales and inventory data is provided by Trend MLS as of March 15, 2009.  The information includes residential home sales and listings that have been recorded in Trend MLS within Burlington, Camden, Gloucester, Mercer, and Salem Counties.

Burlington County Home Sales:

Current active listings: 3,745
February new listings: 724
Homes sold per month - 12 month average : 336
February units pending settlement: 245
February units sold: 215
Inventory accumulation: 11 months
Days on Market - 12 month average: 93
Average sold price YTD: $244,007

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Posted in Burlington County, Camden County, Gloucester County, Mercer County, South Jersey | Leave a comment

Corzine’s NJ Budget Proposal: Tax Hikes and Rebates Cut

By Roxanne | Published: March 11, 2009

Corzine announced his budget proposal yesterday which has many NJ residents very upset and speaking out against the proposed changes.  From the article in the Courier Post: Corzine’s budget seeks tax hikes, cut in rebates

Gov. Jon S. Corzine is proposing a $29.8 billion state budget for the upcoming fiscal year that includes tax hikes of more than $1 billion, including the suspension of most homeowners’ ability to deduct property taxes from their income taxes.

Corzine said the deep recession requires difficult choices, including ending property tax rebates for households with incomes over $75,000 and more than a half-dozen increases in taxes. He said the budget’s $7 billion structural deficit is addressed mostly through $4 billion in spending cuts and $2.2 billion in federal stimulus aid.

“Make no mistake: Because of where the world is right now, we must move in directions we might not otherwise choose,” Corzine said.

The tax changes include raising the tax rate on incomes over $500,000, taxing lottery winnings over $10,000, extending a 4 percent surcharge on corporate taxes, increasing cigarette taxes 12.5 cents a pack and boosting taxes on liquor and wine by 25 percent.

Most surprising was Corzine’s proposal to suspend, except for seniors, taxpayers’ ability next year to deduct their property taxes from their income taxes. The one-year move would cost taxpayers an estimated $400 million, the administration says. 

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Posted in Burlington County, Camden County, Gloucester County, New Jersey, South Jersey | 9 Comments

Year to Date Housing Market Snapshot - Jan 2009

By Roxanne | Published: February 17, 2009

The housing market snapshot is provided by Trend MLS and includes home sales information for transactions recorded from January 1, 2009 through Jan. 31, 2009 within Burlington, Camden, Gloucester, Mercer, and Salem Counties.

Burlington County Single Family Home Sales:

Settled Units:

  • 2007: 254
  • 2008: 233 (2007/2008 change: -8.27%)
  • 2009: 162 (2008/2009 change: -30.47%)

Average Settled Price:

  • 2007: $330,000
  • 2008: $275,000 (2007/2008 change: -16.67%)
  • 2009: $257,000 (2008/2009 change: -6.55%)

Median Settled Price:

  • 2007: $265,000
  • 2008: $234,000 (2007/2008 change: -11.70%)
  • 2009: $225,000 (2008/2009 change: -3.85%)

Average Percentage Settled Price was of Original Listing Price:

  • 2007: 93.04%
  • 2008: 91.26% (2007/2008 change: -1.91%)
  • 2009: 88.69% (2008/2009 change: -2.82%)

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Posted in Burlington County, Camden County, Gloucester County, Mercer County, South Jersey | 2 Comments

Burlington County Real Estate Market Update Jan 2009

By Roxanne | Published: February 15, 2009

The January 2009 Burlington County real estate market and activity reports for single family homes provided by Trend MLS.  Graphs and figures compare the real estate sales activity from January 2000 to January 2009.   Click each image to enlarge.

Notes on Statistics

  • All statistics are from TREND’s monthly Residential Activity Reports. Due to the fluid nature of MLS data, insignificant statistical variations may occur with regard to sales activity between the various TREND reports.
  • Mobile homes and condominiums are excluded from these statistics.
  • This report includes information on listings and transactions facilitated through TREND and does not reflect the total number of listings and transactions of a given market area.
  •  All monetary statistics are rounded to the nearest $10.
  • Percent Change is the change in value as compared to the same month of the previous year. Indicated by +/-0.0%.

Burlington County - Single Family - Total Inventory
The number of active single-family listings on the market on the last day of the specified month.

YOY January Active Listings Comparison:

  • 2008: 3,474
  • 2009:  3,321  (-4.4%)

Burlington County - Single Family - Inventory Accumulation
The number of months it would take to exhaust the current supply of single-family listings at the current absorption rate.

YOY January Inventory Accumulation Comparison:

  • 2008: 9.4 months
  • 2009: 11.5 months (22.3%)

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Posted in Burlington County, New Jersey, Real Estate News | Leave a comment

Senate Agrees to Add Home Buyer Tax Break

By Roxanne | Published: February 5, 2009

Update 2-15-09:  Final Stimulus Bill passed in Congress and set to be signed by the President on Monday.  Congress decided not to go forward with the Isakson Amendment and produced a modified version of the current tax break for first time homebuyers.  From Winners and losers in the final stimulus bill :

Homebuyers: First-time homebuyers who purchase this calendar year get an $8,000 tax credit which does not have to be repaid like a similar measure last year. This phases out for people making more than $75,000 individually or $150,000 jointly. “First-time homebuyer” is defined as someone who has not owned a home for the past three years. Cost: $6.63 billion. 

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Posted in Burlington County, Camden County, Gloucester County, Home Buying Advice, Real Estate News | Leave a comment

South Jersey Real Estate Market Update 02-09

By Roxanne | Published: February 1, 2009

The following information is provided by Trend MLS as of February 1, 2009 for residential real estate listings available within Trend MLS. 

Burlington County

Number of available properties: 3,546
January number of new listings: 747
12 month average number of homes sold per month: 338
January number of homes sold: 171
Inventory accumulation: 10 months
Average sold price YTD: $247, 757

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Posted in Burlington County, Camden County, Gloucester County, Real Estate News | Leave a comment

The Magic Mushroom House

By Roxanne | Published: January 22, 2009

Featured in the New York Times, this 6,000 sq. ft home located in Aspen, Colorado was built over the course of serveral years beginning in 1973.  Mr. Andre Ulrych, the house’s architect, builder, and first resident, said he took his design cues from a nautilis shell despite it’s nickname.   The Magic Mushroom House was the nickname given to the home because of its appearance, decor, and the era in which it was built.  12 levels with platforms are in the home along with a number of ladders and narrow stairways.  The property is now a vacation home for the current owners, Mr. and Mrs. Findlay.  Check it out..

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Posted in Architecture and Design, Strange and Unusual | 13 Comments