Moorestown, NJ

Here’s the Moorestown Real Estate market update for August 2008. Pended units for August were up 5 and Sold units were up 8 compared to August 2007; listed units were down 11 versus 2007. This has led to a current inventory of 200 units. Moorestown has been averaging 16 units sold per month which means there is currently 12 months worth of inventory in Moorestown. This matches the overall Burlington County market, which has 12 months worth of inventory. Year to date listed units are down 21 (a 5.7% decrease), pended units are down 18 (a 12.2% decrease) and sold units are down 42 (a 30.4% decrease). See how this compares to the Burlington County Market.

Over the last 3 years the average number of units pended and sold in August was approximately 16 & 28 respectively. This August, there were 14 pended and 25 sold. The average Days on Market for the year is 102.

What does all this mean? If you are thinking of buying or selling right now it’s important that you seek the advice of a full time professional realtor who can best advise you as to how to take advantage of this market.

The chart below provides you with the 8/2007-8/2008 numbers for listed, pended and sold units.

Below is a chart that shows the average list price and average sold price for Moorestown from 8/2007-8/2008. The average sold price is down 23.4% from August 2007 ($678,882) to August 2008 ($520,610).

If you are thinking of selling or buying in the near future, please don't hesitate to contact me directly at 856-222-5829. Or you may always visit me on line for tons of useful tips and ideas at no cost or obligation to you. I look forward to helping you reach your Real Estate goals.

*Market statistics as of 9/15/2008.

Moorestown is hosting its sixth annual “Family Fun Day” this Sunday the 21^st at Strawbridge Lake Park from 12noon until 5pm. The township shuts down Haines Dr between Church Rd and Pleasant Valley Rd for the festivities.

There is no admission fee to this great Moorestown event and the rides are free as well! Some of the Free activities include a 100 Foot Drop Slide, Castle Moonbounce, Extreme Climbing Wall, Face Painting and Pony Rides.

Having been to this event in the past, I can tell you that it’s a wonderful Family Day and that you’ll find something to enjoy no matter what the age group!

Parking will be provided in some lots across Route 38, with the majority of the spaces on the other side of Pleasant Valley Rd. There will be a free shuttle service from the parking area to the site as well: just look for the yellow Moorestown School Buses.

For more information about Moorestown Family Fun Day, pick up this weeks Moorestown Sun for an article by Robert Linnehan or visit www.familyfunday.net.

Brandywine Glen is located off of Hartford Road in Moorestown and is full of distinctive homes. Most were built in the mid '90s and no two are the same. The homes here very beautiful and when I was driving by I stopped off and take a few pictures. With large yards and private settings, this is a wonderful to place to call home. In fact, Randall Cunningham lived here when he was the quarterback of the Philadelphia Eagles. If you're ever in the area, I recommend taking a quick drive though!

Visit my photo set on Flickr to view more pictures of Moorestown

While my wife grew up in Moorestown, I’ve been a resident for about 8 years. Every year, for the past 4 years, we’ve had a block party. Unless you were at the block party, I’m sure you could care less about that, but…..We just found out this year that Moorestown has Volleyball, Badminton, Croquet sets and much more available for you to use at your Block Party! Now that’s a hometown!!

I knew Moorestown was a great place to live because of its’ schools, parks, proximity to Philadelphia, New York, Washington DC etc., but to know that the town actually lets you borrow stuff to make your block party even better is awesome!

So if you’ve just moved to Moorestown, or you’ve been a Moorestown resident for your entire life, start working on your block party. The township is happy to let you borrow some games for everyone to enjoy. What better way is there to develop a sense of community than “Block Party Croquet?”

The photo above is of the Moorestown Community House located on Main Street in Moorestown NJ.  It's history goes back to 1926.  While many buildings from that time have a more colonial feel, the Community House was a combination of English & Colonial styles to help mimimize the cost to upkeep a brick exterior.  If you visit the Community House website, you can read more about the history around the development of this building. 

Today, the House is home to many clubs and organizations with meeting rooms, offices, a gym and indoor swimming pool.  In fact, I took my swimming lessons at this pool when I was growing up! 

This photo is in my Moorestown, NJ photo set on Flickr.  All rights reserved