The real estate market inventory firgures for each county within South Jersey are provided by Trend MLS as of this morning.  The inventory accumulation figures are based of the previous 12 month’s average sales divided into the current number of active listings.  The data provided is for residential listings only, and does not include commercial or multi-family sales data.  Data provided for Burlington County, Camden County, Gloucester County, Mercer County, and Salem County

Burlington County

Number of Listings:  4,183

Average number of sales per month:  380

Housing Inventory Accumulation:  11 months

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Lumberton Luxury Home for Sale -  1 Brynnes Court, Lumberton 08048

4 Bedrooms
3.5 Bathrooms
3 Car Garage
Full Finished Basement
2.7 Acres
New:  Gorgeous Paver Patio and Driveway
New: 1300 sq. ft. fiberglass deck
Over 3600 sq. ft home
Additional Details

Asking:  $759,000

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The following information on the housing inventory in Burlington County will go over the current number of homes on the market, including the inventory accumulation figures, and then a breakdown by price range.  All figures were obtained from Trend MLS this morning.

Burlington County Real Estate Listings and Monthly Sales Activity:

Number of active listings within Burlington County: 3793
Average number of homes sold per month (12 month average): 412
Inventory Accumulation:  9 months

Homes listed up to $200,000

Number of active listings: 885
Average number of homes sold per month (12 month average): 136
Inventory Accumulation:  6 months

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The 4th quarter Burlington County housing market activity in 2007 as compared to the 4th quarter in the previous four years shows a slow down in pending sales and homes sold, with a longer amount of time on the market. 

Burlington County 4th Quarter New Property Listings:

• 2007: 2,268
• 2006: 2,359
• 2005: 2,202
• 2004: 1,968
• 2003: 1,806

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The number of homes sold within Gloucester County did decline in 2007, however the county overall experienced an increase in median sales price.  The number of listings increased compared to 2006, and the number of days on the market for sold properties increased as well.

2007 Gloucester County Housing Market Activity as per Trend MLS:

Number of Properties Sold: 3,206

Median Sold Price:  $224,000

Median Days on Market: 57

Average Sold Price received from Original Listing Price:  94.28%

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Camden County experienced a slow down in housing sales in 2007 compared to the 2006 year end results.  The median sales price slightly increased for the county overall but the increase was minimal.  A significant increase in the median sales price was seen within the condo market.  The number of listings and the number of days on the market for sold properties also increased.

2007 Camden County Real Estate Market Activity as per Trend MLS:

Number of Properties Sold: 5,917

Median Sold Price:  $195,00

Median Days on Market: 52

Average Sold Price received from Original Listing Price:  94.38%

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Article Covers:  Builders honored in Southern NJ, NJ Forclosure Rates, and NJ Income vs Housing Costs

Southern NJ Builders Honored: Two South Jersey based homebuilders were honored by new buyers for their commitment to quality products and exceptional customer service. Bruce Paparone, Inc. of Stratford and D’Anastasio Corporation of Pennsauken garnered the Commitment to Excellence awards from the Builders League of South Jersey at the association’s annual Major Achievements in Marketing Excellence Awards gala, recently.

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In honor of Native American Heritage Month, Burlington County will host a free program featuring Native dancing, music, storytelling, demonstrations, and photo exhibit at the Mount Holly Library Saturday, Nov. 17 from noon to 4 p.m.

Sponsored by the Burlington County Freeholders and the Division of Cultural Affairs and Tourism, the second annual celebration will also include a lecture on tribal history and contemporary culture by Chief Mark Gould, Tribal Chairman of the Nanticoke Lenni-Lenape Tribe.

The program offers a unique opportunity for the public to learn more about the traditions, accomplishments and rich ancestry of Native Americans.

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First Night seeks to foster the public’s appreciation of visual and performing arts through an innovative, diverse and high quality New Year’s Eve program, which provides a shared cultural experience, accessible and affordable to all. The price of admission varies in each community, ranging from $5 to $15 per person. Many offer discounts for children and for those buying in advance.

This year’s celebrations will be hosted in Haddonfield, Camden County and Mt. Holly, Burlington County.

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Summerhill is located within Delran, NJ and is a community sought after by many who wish to live within Delran Township.  Summerhill was designed and constructed keeping both community atmosphere and amenities in mind, along with a wide selection of housing possibilities to choose from. 

Within Summerhill you can find condos, townhomes, and single family houses that will meet the lifestyle needs both singles and families alike.  Summerhill also provides additional community amenities such as tennis courts, play ground, tot lot, and even a club house for events.  If you are searching for real estate or homes for sale in Delran, you might want to consider this community.

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