Lawrenceville, NJ

Lawrence Township - New Wal-mart plans March 2008

03-06-08

Desiree Daniels

view my blog
Office: (609) 587-9300 x312

Mobile: (609) 209-9418
Secondary: (609) 448-2222

Wal-Mart Pulls Plans for Site in Lawrence Township

Wal-Mart officials recently announced that the company is pulling its plans to build a super store at 1060-1100 Spruce Street due to a change in the company's growth strategy. The decision came less than six months after obtaining the township Planning Board's approval to build a 143,233-square-foot store on the 23.5-acre property.

Last August, Wal-Mart was granted preliminary and final site plan approval by the Lawrence Township Planning Board, despite strong opposition from area residents worried that the new mega-store will increase crime, traffic, and cause storm-water run-off and other environmental hazards in the area. Several of these same concerns were raised again at the County Planning Meeting in November 2007, but the store gained its needed approvals nonetheless.

Recently a group of Lawrence, Ewing and Trenton residents-members of the LET's Stop Wal-Mart coalition-filed a lawsuit citing zoning problems and other issues with the proposed store hoping to derail the company's plans to move forward. Wal-Mart stated that their decision to back out of their plans was based solely on a changing business strategy.

Contact Desiree Daniels, ABR, Realtor, and Licensed in New Jersey (609) 448-2222 or (609) 587-9300 ext 312. If you are interested in purchasing a property in Mercer, Burlington or Monmouth County. Or the Following Townships Robbinsville, Hamilton, Washington, Mercerville, Ewing, Lawrenceville, Hopewell, Bordentown City, Bordentown, Florence, Foxmoor, Town Center, Washington Town Center, Robbinsville Town Center, Sharbell
Copyright © 2008 By Desiree Daniels and The Desiree Daniels Team. Re/Max Tri County. All Rights Reserved.

0 Comments

Lawrence Township - Mercer County Market Report - January - December 2007 Year end review

01-03-08

Desiree Daniels

view my blog
Office: (609) 587-9300 x312

Mobile: (609) 209-9418
Secondary: (609) 448-2222

Monthly Statistics for the Date Range Selected

Date	Units Listed	Listed Volume	Listed Average	Pended	Units Sold	Sold Volume	Sold Average	Average DOM
Jan 2008	0	N/A	N/A	0	0	N/A	N/A	N/A
Dec 2007	15	20,287,400	1,352,493	8	19	8,014,722	421,827	120
Nov 2007	38	18,043,751	474,835	21	32	12,267,624	383,363	110
Oct 2007	53	19,759,688	372,824	29	29	10,096,589	348,158	80
Sep 2007	44	19,608,100	445,638	23	26	7,591,466	291,979	53
Aug 2007	67	23,836,111	355,762	35	40	14,520,511	363,012	81
July 2007	53	18,513,833	349,317	30	46	16,157,675	351,253	66
June 2007	93	40,445,638	434,899	52	48	17,528,053	365,167	70
May 2007	77	33,579,695	436,099	51	43	17,145,490	398,732	91
Apr 2007	71	33,644,966	473,872	31	29	9,246,575	318,847	64
Mar 2007	72	26,217,122	364,126	34	39	15,281,770	391,840	89
Feb 2007	56	20,981,278	374,665	30	26	8,246,150	317,159	80
Jan 2007	89	34,194,675	384,209	44	19	5,235,900	275,573	73

Totals:	728	309,112,257	424,604	388	396	141,332,525	356,900	80

Inventory Accumulation for the Last 12 Full Months


Current Inventory *	Inventory Volume	Current Average	Average Monthly Sales**	Inventory Accumulation ***
207	114,785,707	554,520	33	6

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices	Maximum Prices	Average Prices
Original List Price : $1,029	Original List Price: $2,999,000	Original List Price: $384,026
Sold Price : $1,029	Sold Price: $2,300,000	Sold Price: $356,900

Inventory Accumulation figures are only calculated when Report End Month is the current month

Market Statistics Criteria Used
Date Range:	1/2007 to 1/2008
Price Range:	$1,000 to $99,999,000
Property Category:	All Categories
Area:	Lawrence Twp