If you are interested in purchasing a condominium or townhouse in South Jersey, you should consider Mount Laurel, NJ; located within Burlington County.  Mt. Laurel’s great location provides easy access to major highways such as Rt. 73, I-295, Rt. 38, New Jersey Turnpike, and is just a half hour commute to Philadelphia.

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Before we get started, the name of this post was a website I found many many moons ago.  The site goes over the do’s and don’ts when hiring contractors and does include some helpful articles to help out homeowners when choosing a contractor for your next remolding or home improvement project.

The reason I’m writting this post is because of repeated frustrating experiences home owners have with contractors.  Dealing with the  unprofessional or unethical (or both) contractors is an absolute nightmare for both the home owner and potential home buyer. 

What many home sellers and buyers don’t realize is that contractors they hire can jeapordize the sale of a home. 

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The first quarter of 2007 housing market review will compare the real estate market activity in South Jersey throughout Burlington, Camden, Gloucester, Salem, and Mercer counties.  I don’t usually cover Mercer and Salem but to get an accurate picture of the current housing market I will be, since they also use the same multiple listing service and data is available by Trend MLS. The information below is for the date range of Jan. 1, 2007 through March 31, 2007 compared to the same time frame last year.  It is limited to residential properties only, and excludes commercial and multi-family. 

Listed = Number of properties coming onto the market
Pended = Number of properties that went under contract
Sold = Number of properties that settled

Burlington County
2007:
Listed: 3315
Pended: 1487
Sold: 1220

2006:
Listed: 3300
Pended: 1724
Sold: 1345

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As many of you know Sean McQuade, a South Jersey resident from Mullica Hill, was critically injured during the VT shooting a few weeks ago.  His mother, Jody McQuade has put up a blog to give updates on Sean’s recovery progress. 

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There have been a couple blogs that have included us in their "blogs to watch" posts so I thought I’d share them with you.

Kelly Heyboer of NJ.com wrote about some of the real estate agents blogging throughout NJ, and our South Jersey Real Estate News blog was included amongst them.  The article was written back at the end of March so I’m a bit slow with making a post about it. (shame on me!)  But pretty cool, and the inclusion is appreciated.

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I did a post last year in April on the number of homes for sale throughout the Burlington, Camden, and Gloucester Counties.  You can see the April 2006 Inventory Update post as well as the post I did In May 2006, breaking down the real estate inventory by price range.  I thought it would be a good time to for us to take a look at where the real estate market stands today in comparison.  The numbers being used are for today May 3, 2007 and the inventory numbers for May 8th, 2006.

Burlington County
Current Inventory: 3926 (homes available for sale)
Last Year: 2096
12 Full Month Average of homes sold:475 per month
Last Year: 567 per month
Inventory Accumulation: 8 months
Last Year: 5 months

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