Burlington County

Number of Listings:  4,183

Average number of sales per month:  380

Housing Inventory Accumulation:  11 months

Camden County

Number of Listings: 4,310

Average number of sales per month: 405

Housing Inventory Accumulation:   10 months

Gloucester County

Number of Listings: 2,452

Average number of sales per month:  227

Housing Inventory Accumulation:   10 months

Mercer County

Number of Listings: 2,695

Average number of sales per month:  274

Housing Inventory Accumulation:  9 months

Salem County

Number of Listings: 581

Average number of sales per month:  43

Housing Inventory Accumulation:  13 months

*Information deemed reliable but not guarenteed, subject to errors and omissions.
**Inventory Accumulation = The number of months it will take to sell the current housing inventory. (Current Inventory Units / Average Monthly Sales )

The April home sales data will be available in a few days.  Based on the preliminary figures however, we can expect another month of declined sales in the area compared to the April sales data for previous years. 

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

Sitting on 2.7 acres on a private cul-de-sac, your tour of this beautiful luxury home begins with the newly added incredible paver patio and drive. Upon entry you are greeted by two story foyer enhanced with a waterfall split staircase, cathedral ceilings, and an open and bright floorplan. The gorgeous kitchen has granite countertops, grand center island with cooktop, breakfast room overlooking the recently added 1300 sq. ft fiberglass deck. and a granite wet bar connects dining room. The stately master bedroom features include: tray ceiling, 2 walk-in closets, and large master bath with soaking tub and separate shower. Upstairs: a jack and jill bath connect two spacious bedrooms, and an additional bedroom with bath which can be used as a guest suite. Finished basement with walkout provides a den/game room, wine room, and a separate large room for storage. The 3 car garage lined with cabinetry and granite countertops provides additional storage. 2 zone heat/air, sprinkler system, alarm.. the list goes on!

Call to receive full fact sheet and photos or to schedule an appointment to see this fabulous home.  (609) 346-8209   Or simply use the form below

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. 

Laurel Creek Condos for Sale

The Laurel Creek condominiums current active listings range in asking price from $175,000 for a 2 bedroom 2 bath condo up to $239,900 for a fully updated and upgraded 2 bedroom 2 and a half bath unit. Among those available you can also find units with a sunroom 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 $4,000 per year.

Laurel Creek Townhouses for Sale

The Laurel Creek town homes offer 3 bedrooms, 2 and a half baths, and garage (units vary between one or two car garage, and two or three stories depending on model).  The current active listings range in asking price from $239,900 which is a 2 story model with one car garage up to $347,500 for a fully updated / upgraded end unit with a 2 car garage.  Association fee is between $150.00 and $230.00 per year and covers the common area maintenance.  Property taxes range between $4,800 and $6,200 per year.

The prices mentioned above may change daily based on properties sold and new listings coming onto the market.  For additional information on this community or to receive the current up to date MLS listings by email you can make your request using this form or by phone: (856) 857-2219. 

We can assist you with buying or selling a home in any community within Mt. Laurel, Burlington County, and surrounding areas.

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. 

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

Homes listed between $201,000 - $300,000

Number of active listings: 1,293
Average number of homes sold per month (12 month average): 148
Inventory Accumulation:  8 months

Homes listed between $301,000 - $400,000

Number of current active listings: 708
Average number of homes sold per month (12 month average): 65
Inventory Accumulation:  10 months

Homes listed between $401,000 - $500,000

Number of active listings: 351
Average number of homes sold per month (12 month average): 34
Inventory Accumulation:  19 months

Homes listed between $501,000 - $600,000

Number of active listings: 201
Average number of homes sold per month (12 month average): 14
Inventory Accumulation:  14 months

Homes listed between $601,000 - $700,000

Number of active listings: 107
Average number of homes sold per month (12 month average): 9
Inventory Accumulation:  11 months

Homes listed between $701,000 - $800,000

Number of active listings: 85
Average number of homes sold per month (12 month average): 4
Inventory Accumulation:  21 months

Homes listed between $801,000 - $900,000

Number of active listings: 40
Average number of homes sold per month (12 month average): 2
Inventory Accumulation:  20 months

Homes listed between $901,000 - $1,000,000

Number of active listings: 42
Average number of homes sold per month (12 month average): 2
Inventory Accumulation:  21 months

Homes listed between $1 Million - $1.5 Million

Number of active listings: 57
Average number of homes sold per month (12 month average): 2
Inventory Accumulation:  28 months

Homes listed between $1.5 Million - $2 Million

Number of active listings: 13
Average number of homes sold per month (12 month average): 1
Inventory Accumulation:  13 months

*Information deemed reliable but not guarenteed, subject to errors and omissions.
**Inventory Accumulation = The number of months it will take to sell the current housing inventory. (Current Inventory Units / Average Monthly Sales )

As you can see from the figures posted above, the higher the priced home the slower the sales and the greater amount of time it will take to find a buyer for your property.  Homes priced up to $300,000 have had the most buyer activity over the past year.   A significant difference is seen in buying activity between the $300K and under market vs the $301k and above.  Home sellers above  $300K  and in the upper ranges must have extremely competitive pricing and must be willing to negotiate with buyers in order to get their home sold. 

Home buyers in today’s market, regardless of price range, are looking for the "best bang for the buck".  Home buyers have the advantage in this market as there are plenty of properties to choose from.  If you are a home seller and are unwilling to be competitive and negotiable in price or in terms, you can expect your home to sit with very little activity, if any. 

Burlington County 4th Quarter New Property Listings:

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

Burlington County 4th Quarter Properties Pended:

• 2007: 986
• 2006: 1,212
• 2005: 1,398
• 2004: 1,582
• 2003: 1,413

Burlington County 4th Quarter Homes Sold:

• 2007: 1,143
• 2006: 1,358
• 2005: 1,608
• 2004: 1,833
• 2003: 1,700

Burlington County 4th Quarter Days on Market:

• 2007: 83
• 2006: 71
• 2005: 50
• 2004: 50
• 2003: 48

Information obtained from Trend MLS and deemed reliable but not guarenteed, and may be subject to errors and/or omissions.

Additional Burlington County housing market updates and reports:

• Burlington County 2007 Year Over Year Real Estate Activity
• Burlington County Housing Market Conditions - Annual Review

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%

2006 Gloucester County Housing Market Activity as per Trend MLS:

Number of Properties Sold: 3,670

Median Sold Price:  $217,000

Median Days on Market: 45

Average Sold Price received from Original Listing Price:  95.93%

2007 vs 2006 Gloucester County Single Family and Condo Sales Breakdown:

2007 Single Family Sales:

• Number of Units Sold: 2,890
• Median Sold Price:  $233,500
• Average Sold Price received from Original Listing Price: 94%

2006 Single Family Sales:

• Number of Units Sold: 3,289
• Median Sold Price:  $227,450
• Average Sold Price received from Original Listing Price: 95%

2007 Condominium Sales:

• Number of Units Sold: 316
• Median Sold Price:  $166,000
• Average Sold Price received from Original Listing Price: 95%

2006 Condominium Sales:

• Number of Units Sold: 381
• Median Sold Price:  $168,000
• Average Sold Price received from Original Listing Price: 97%

*Information deemed reliable but not guaranteed and obtained from Trend MLS.

The single family homes median sales price in Gloucester County increased assisting the county overall statistics.  The condo market, however, experienced a decline in median sales price. 

For additional information and the real estate market comparisons to previous years, visit my Gloucester County housing market report. 

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%

2006 Camden County Real Estate Market Activity as per Trend MLS:

Number of Properties Sold: 6,763

Median Sold Price:  $194,000

Median Days on Market: 41

Average Sold Price received from Original Listing Price:  95.83%

2007 vs 2006 Camden County Single Family and Condo Sales Breakdown:

2007 Single Family Sales:

• Number of Units Sold: 5,314
• Median Sold Price:  $201,500
• Average Sold Price received from Original Listing Price: 94%

2006 Single Family Sales:

• Number of Units Sold: 6,065
• Median Sold Price:  $200,000
• Average Sold Price received from Original Listing Price: 95%

2007 Condominium Sales:

• Number of Units Sold: 603
• Median Sold Price:  $159,900
• Average Sold Price received from Original Listing Price: 94%

2006 Condominium Sales:

• Number of Units Sold: 698
• Median Sold Price:  $147,500
• Average Sold Price received from Original Listing Price: 95%

*All information obtained from Trend MLS and deemed reliable but not guaranteed.

The number of properties sold declined in the year over year comparison for Camden County.  The single family homes median sales price only saw a marginal increase in sales price while condominiums experienced a much greater increase in the median sales price. 

For additional information and housing market comparisons to prior years, visit my Camden County housing market report.

2007 Real Estate Market Activity as per TrendMLS:

Number of Properties Sold: 5,427

Median Sold Price:  $240,000

Median Days on Market: 59

Average Sold Price received from Original Listing Price:  94.37%

2006 Real Estate Market Activity as per TrendMLS:

Number of Properties Sold: 6,417

Median Sold Price:  $242,500

Median Days on Market: 45

Average Sold Price received from Original Listing Price:  96.07%

2007 vs 2006 Burlington County Single Family and Condo Sales Breakdown:

2007 Single Family Sales:

• Number of Units Sold: 4477
• Median Sold Price:  $261,500
• Average Sold Price received from Original Listing Price: 94%

2006 Single Family Sales:

• Number of Units Sold: 5329
• Median Sold Price:  $260,000
• Average Sold Price received from Original Listing Price: 95%

2007 Condominium Sales:

• Number of Units Sold: 953
• Median Sold Price:  $178,000
• Average Sold Price received from Original Listing Price: 95%

2006 Condominium Sales:

• Number of Units Sold: 1088
• Median Sold Price:  $185,000
• Average Sold Price received from Original Listing Price: 97%

*All information obtained from Trend MLS and deemed reliable but not guaranteed.

In the year over year comparison for Burlington County real estate sales,  both single family homes and condos experienced a decline in number of units sold. Condo sales, however,  were impacted negatively in median sales price as opposed to the slight increase for single family homes. 

For additional information and housing market comparisons to prior years, visit my Burlington County housing market report.

John Crandall, senior vice president of development with the Mack-Cali Realty Corp., offered another assessment. He presented sobering statistics on just how un-green New Jersey’s commercial real estate landscape really is. 

Crandall used the U.S. Green Building Council’s Leadership in Energy and Environment Design, or LEED, as a benchmark. The LEED system awards points for features that promote conservation and good indoor air quality.

There are just 13 commercial office buildings in New Jersey that are certified with the LEED program, and only one currently under construction. This may be because of expense. Crandall said it can cost more than $1 per square foot for an office building to earn LEED certification.

Richard Johnson, senior vice president of Cranbury-based Matrix Development Group, told the developers in the audience that while LEED certification is "an event, sustainability is a process," one that every developer should embrace.

Johnson said that there are many levels of LEED certification. Developers should start small and aim first for lower levels of LEED, rather than getting paralyzed by the more difficult process of winning gold or platinum certification, he said.

Matrix develops and manages primarily industrial real estate. It will soon implement pilot programs on its own buildings to test the viability of several cost-saving measures, such as solar arrays on the roofs of large warehouses. This may be the best way for developers to measure results themselves, and then educate clients about the benefits, Johnson said.
Source: www.northjersey.com Author: James Quirk

SJP Properties New Commercial Construction Going Green:  SJP Properties Chairman & Founder Steven J. Pozycki announced the company will seek LEED certification for its two Class-A office towers on both sides of the Hudson River - its flagship 11 Times Square in New York City, which is currently under construction, and Waterfront Corporate Center III in Hoboken, NJ.  Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council is the nationally accepted benchmark for the design, construction and operation of high-performance green buildings.  Source