Montgomery, NJ

Montgomery NJ Weekly Real Estate Update

Currently Montgomery NJ has 106 active residential listings. These active listings range from a $250,000 Bungalow style home to a $1,590,000 custom built home.

Data Source: Garden State MLS. Data is deemed reliable but is not guaranteed.

For additional information or questions please call me directly at 908.420.5706. If you would like area information or an area tour, just call!

Lisa Ryan, Your Princeton and Montgomery Real Estate Specialist

Disclaimer: The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Lisa Ryan and Prudential NJ Properties. Lisa Ryan and Prudential NJ Properties are not responsible for the accuracy or content provided by The Community.

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Are you or is anyone you know considering a move? It would be my pleasure to help you with your real estate needs.

Serving Princeton Boro, Princeton Township, West Windsor, Montgomery Township, Hillsborough, Hopewell Township, Bridgewater, Lawrenceville, Franklin Township, East Windsor, Kingston, and parts of Middlesex County.

Lisa Ryan, REALTOR®

138 Nassau Street, Princeton NJ 08542

908.420.5706 (C) 609.430.1288 ext.554 (O)

http://www.lisaryanrealtornj.com/

Montgomery NJ Weekly Market Report

The following activity was reported this week in Montgomery NJ

Data Source: Garden State MLS. Data is deemed reliable but is not guaranteed.

For additional information or questions please call me directly at 908.420.5706. If you would like area information or an area tour, just call!

Lisa Ryan, Your Princeton and Montgomery Real Estate Specialist

Disclaimer: The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Lisa Ryan and Prudential NJ Properties. Lisa Ryan and Prudential NJ Properties are not responsible for the accuracy or content provided by The Community.

**************************************************

Are you or anyone you know considering a move? It would be my pleasure to help you with your real estate needs.

Serving Princeton Boro, Princeton Township, West Windsor, Montgomery Township, Hillsborough, Hopewell Township, Bridgewater, Lawrenceville, Franklin Township, East Windsor, Kingston, and parts of Middlesex County.

Lisa Ryan, REALTOR®

138 Nassau Street, Princeton NJ 08542

908.420.5706 (C) 609.430.1288 ext.554 (O)

http://www.lisaryanrealtornj.com/

Hillsborough NJ

The following real estate activity was reported this week in Hillsborough NJ

Data Source: Garden State MLS. Data is deemed reliable but is not guaranteed.

For additional information or questions please call me directly at 908.420.5706. If you would like area information or an area tour, just call!

Lisa Ryan, Your Princeton and Montgomery Real Estate Specialist

Disclaimer: The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Lisa Ryan and Prudential NJ Properties. Lisa Ryan and Prudential NJ Properties are not responsible for the accuracy or content provided by The Community.

**************************************************

Are you or anyone you know considering a move? It would be my pleasure to help you with your real estate needs.

Serving Princeton Boro, Princeton Township, West Windsor, Montgomery Township, Hillsborough, Hopewell Township, Bridgewater, Lawrenceville, Franklin Township, East Windsor, Kingston, and parts of Middlesex County.

Lisa Ryan, REALTOR®

138 Nassau Street, Princeton NJ 08542

908.420.5706 (C) 609.430.1288 ext.554 (O)

http://www.lisaryanrealtornj.com/

Average Price Of Houses and Condos Sold in Montgomery Township NJ In 2004 – 2007

The prices of homes and what is happening in the Montgomery real estate market is always on the minds of the homeowners. It is even more so now, given the economic uncertainties of the effects of the sub prime mortgage fall out and the possible recession. The price of the homes sold is one of the indicators of the real estate market.

Looking at the Montgomery Township for the period of 2004-2007, the news is positive - 11% increase in the average prices of houses and condos sold. Unfortunately for the 2007 the average sale price declined 3%. Most of the increase for the 2004-2007 occurred in 2005, followed by the declines in 2006 and 2007.

In comparison the Princeton house prices increased 3% this year and had an overall 17% increase since 2004. Hopewell showed an increase for the 2007 of 4%, West Windsor – decline of 4%, and Pennington – decline of 15 %.

The charts below illustrate the differences in the trend for the other areas in the greater Princeton real estate market.

The concerns about the economy and the general perception of the public that real estate prices will be going down is keeping many buyers from entering the market. On the other hand, there are still buyers that need to buy, because of their circumstances, and houses priced competitively will continue to sell.

* Data is based on the Trend MLS and is not guaranteed.

Please contact Faina Sechzer at 609-553-4175 with questions about real estate, homes for sale and/or listing your house to sell, and relocation assistance in Princeton, Montgomery Township, West Windsor, Hopewell, and Lawrenceville New Jersey. Referrals are accepted.
If you are moving out of the greater Princeton area, please inquire about the countrywide relocation program.

Copyright 2007 Faina Sechzer All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

What is the condition of the real estate market in the Montgomery Township NJ and other surrounding towns? This question continues to be on the minds of most homeowners, not just those who are currently selling or buying their house. How can we find the possible answers?

The Press has been consistently reporting that now is the “buyers” market and that five years ago it was “sellers” market. By this, people usually mean who has the "upper" hand in the market, or whether there are more buyers than sellers in the market. In the buyers market home prices usually decline, in the sellers market - home prices increase.

In the real estate language buyers and sellers market are often defined by “inventory accumulation”. This technical sounding term is a result of simple arithmetic: dividing the total number of the available houses on the market by the average number of sales per months. For example, if there are currently 20 houses on the market and on the average 2 houses per month are sold, the inventory accumulation equals two.

In the past it was believed that the “buyers” market is when the inventory accumulation exceeds 6-7 months. It is considered to be the “sellers” market when inventory accumulation is less then 6-7 months.

Montgomery Township" inventory accumulation is one of the lowest in the area at 3 months. Looking at the chart bellow it would appear that Hopewell NJ is the only market (out of the five examined) that by this definition is “buyers” market.

Princeton Area Housing Inventory and Accumulation - January 2008*

This data seems to contradict what we hear on the news about the real estate markets that it is a buyers market. What is happening is that the sellers are holding off putting their homes on the market, or taking them off the market, resulting in the low supply of homes for sale and driving the inventory accumulation numbers down. That does not necessarily mean that the prices of homes will go up (which is what usually happens when there is scarcity of supply). The buyers are not rushing into the market and are waiting for the prices to go down.

What this means for the Princeton area home buyers is that is still a good supply of homes without the pressure of the imminent price increases. For the Montgomery Township sellers the low inventory can easy the downward pressure on home prices. It does not mean that home sellers can now count on home appreciation if they bought their home within the last two-three years.

You can read more about the Princeton NJ area real estate statistics in the following articles:

Princeton real estate -how long does it take to sell

Princeton Real Estate Market Trends

What is Going On In The Princeton Real Estate Market?

Princeton Real Estate -Are the House Prices Up or Down?

Princeton Real Estate - What is the outlook?

Princeton Real Estate -Are the House Prices Up or Down?

*Data is based on Trend MLS and is not guaranteed.

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