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Year to Date Housing Market Snapshot – Jan 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

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

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

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

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 | 25 Comments

Burlington County Real Estate Activity by Town Jan 2009

The following Burlington County real estate market statistics as reported in Trend MLS as of Jan 6th.  The information is for residential real estate sales in Burlington County, then broken down by town in my primary service areas.

Current Inventory (number of homes on the market):  3484
Average Days on Market for sold properties:  125
Average Monthly Sales: 346
Inventory Accumulation: (Current Inventory Units / Average Monthly Sales): 10 months

Real Estate market statistics by town in Burlington County: Read More »

Posted in Burlington County, Home Buying Advice, Home Selling Advice, Real Estate News | 1 Comment

South Jersey Real Estate Market Inventory May 2008

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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Posted in Burlington County, Camden County, Gloucester County, Real Estate News, South Jersey | 1 Comment

1 Brynnes Court Lumberton NJ

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

TOO LATE!
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

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Posted in Burlington County, Featured Listings, Lumberton | Leave a comment

Laurel Creek in Mt. Laurel

laurel creek

The community of Laurel Creek in Mount Laurel, NJ is conveniently located just off of Rt. 38.  and provides easy access to Routes 295, 38, 206, 541 and the Jersey Turnpike.  Laurel Creek offers a wide variety of options for housing for those looking for condominiums or townhouses.

To ask a question, request more information or listings in Laurel Creek or other condo communities, use the contact form.

If you would like information on selling a Laurel Creek condo or townhome use my home value form and we would be happy to assist you.

Showing properties 1 - 5 of 17. See more Laurel Creek Mount Laurel Condos and Townhomes for Sale.
(all data current as of 2/3/2012)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,360 sq ft
    Lot size: 6,241 sq ft
    Listing with: RE/MAX Main St. Realty
  2. 2 beds, 2 full, 1 part baths
    Home size: 1,071 sq ft
    Listing with: Crown Realty Inc
  3. 2 beds, 1 full bath
    Home size: 1,032 sq ft
    Listing with: Coldwell Banker Residential Brokerage-Princeton Jc
  4. 3 beds, 2 full, 1 part baths
    Home size: 2,051 sq ft
    Lot size: 2,961 sq ft
    Listing with: RE/MAX Main St. Realty
  5. 2 beds, 1 full bath
    Home size: 836 sq ft
    Listing with: Prudential Fox & Roach Realtors-Medford

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Laurel Creek Condos for Sale

The Laurel Creek condominium listings typically range in asking price from $145,000 for a 2 bedroom 1 bath condo up to $229,900 for a fully updated and upgraded 3 bedroom 2 and a half bath unit. Among those available you can also find units with a sun room  or a loft and also a choice between one or two stories.  Association fee is around $150.00 per month which includes exterior building maintenance, common area maintenance, lawn care, and snow removal.  Taxes range between $2,800 and $4,500 per year.

Read More »

Posted in Burlington County, Mount Laurel | 2 Comments

Westampton Real Estate Market Update

The real estate activity in Westampton, NJ was much slower for March 2008 compared to March 2007.  There were 16 new listings in 2008 compared to 25 in 2007, which does help slow the pace of inventory accumulation since sales dramatically dropped.  The number of homes sold in 2007 was 13 for the month of March and in 2008 there were only 4 sales.  The number of homes going under contract also slowed with 8 properties contracted in 2008 compared to 16 properties which went under contract in 2007.

The median sales price for the properties sold in Westampton for the first quarter of the year was $282,500 based off of 11 properties sold year to date.  Sellers obtained, on average, 94% of their asking price.  The total number of properties listed Jan – March in 2008 was 57 compared to 81 in 2007 and 12 properties sold in 2008 compared to 25 properties sold in 2007.  Properties going under contract saw a decline as well in the year over year comparison: 35 contracted in 2007 vs. 15 contracted in 2008. 

 

Posted in Burlington County, Westampton | 1 Comment