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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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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The following South Jersey residential real estate listings and inventory data include the available listings and activity within Burlington, Camden, and Gloucester Counties as of this morning.  The information provided only includes listing information for Sept. 1st through Sept. 12th.

Burlington County Real Estate Listings and Activity:

Number of current active listings within Burlington County: 4340
Number of new listings so far this month:  337
Average number of homes sold per month (12 month average): 438
Inventory Accumulation:  9 months

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The following information reflects the residential real estate sales and housing market activity within Burlington County, NJ for the month of August, 2007.  I’ve also included August 2006 for an activity comparison. 

August 2007 Real Estate Activity:

Homes Listed: 1036
Homes Pended: 372
Homes Sold: 553
Average days on market: 73

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Four Seasons at Mapleton is one of the more desirable active adult communities within the Northern Burlington County area.  Four Seasons, built by Hovnanain, offers residents not only a full activity schedule, but also some of the more desirable amenities sought after by those seeking the lifestyle the 55 and over communities have to offer.

Some of the community features include a gated entrance, indoor and outdoor pools, a beautiful club house which has a movie theater, health club, billards room, card rooms, and a large ballroom for events.  Outdoors you can find tennis courts, bocce courts and walking trails.

The activities within the Four Seasons at Mapleton community are daily giving residents numerous options for socializing, entertainment, exercise, or group activities both in the community or in the area. September’s weekly recurring community or group activities are scheduled throughout each day as follows:

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Home builders in South Jersey, and throughout the country, have continued to keep a watchful eye on the baby boomer generation.  As this population segment ages, home builders have tried to anticipate their lifestyle needs and wants and in response continue to construct new and improved 55 and over active adult communities. 

It is believed by the NAHB (National Association of Home Builders) that this market has not yet reached its potential according to the Aug. 13th news release.  Their belief is evidenced by the continuous construction of the 55 and over communities throughout the state and across the country.  Within the South Jersey area there are now numerous active adult age restricted communities available, along with a number of locations planned for new construction in the upcoming years. 

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The deadline for filing your New Jersey Homestead Rebate, previously known as the Fair Rebate Program, has been extended to October 31, 2007.  Home owners and tenants that are eligible may file to receive their homestead rebate.

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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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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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