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Princeton, NJ

Princeton Borough New Jersey Market Report - October 2008

Desiree Daniels: Real Estate Agent in Robbinsville, NJ

market report desiree daniels team

Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Sep 2008

11

1,225,990

7

9

4,919,500

546,611

105

Aug 2008

8

790,987

7

8

7,383,050

922,881

128

July 2008

8

621,875

7

14

14,485,500

1,034,678

74

June 2008

13

944,769

5

10

9,285,250

928,525

104

May 2008

22

1,008,517

10

7

6,461,000

923,000

80

Apr 2008

8

1,174,673

10

5

6,360,000

1,272,000

86

Mar 2008

11

1,018,253

14

3

2,019,000

673,000

80

Feb 2008

14

1,109,321

2

2

3,617,000

1,808,500

71

Jan 2008

13

1,242,403

3

3

7,754,000

2,584,666

81

Totals:

108

1,032,760

65

61

62,284,300

1,021,054

93

Inventory Accumulation for the Last 12 Full Months

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

42

44,835,675

1,067,516

6

7

*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 : $230,000

Original List Price: $4,725,000

Original List Price: $1,129,729

Sold Price : $220,000

Sold Price: $4,125,000

Sold Price: $1,021,054

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

Tre Piani Restaurant, Wine Bar, Princeton, NJ

Christine O'Shea-Realtor Assoc.~ Princeton NJ and Naples Florida: Real Estate Agent in Princeton, NJ

On a rainy Thursday afternoon, I met friend, Janet and her sons at Tre Piani Restaurant in Princeton, NJ.

tre piani

Tre Pianiis located 120 Rockingham Row, Princeton Forrestal Village, Princeton, NJ. Their Web Site speaks for itself and will give you all the information you need.

I am not a restaurant critic, but this restaurant is wonderful. It has been open for quite some time and several years ago Maurice and I went there for lunch. Janet's son, Mike, is a cook there and I have known him since he was less than one year old. It is so great to watch someone grow up and have such a passion for what they do, Mike completed his culinary training last year in New York.

Mike's specialty is pasta so I ordered the Pappardelle with wild mushrooms and mascarpone cheese, it was out of this world and the presentation was wonderful too.

We were introduced to the owner, Jim Weaver and Mike gave us a tour of the Wind Bar, TRE BAR, which is open for lunch as well. It was a lot of fun, great food and friends. I plan on returning again.

Princeton Forrestal Village is located off of Route 1 and not hard to miss.

Princeton Condos & Townhouses - Luxury Townhouses in Governor's Lane

Faina Sechzer - Princeton, Montgomery, Hopewell, NJ Real Estate Expert: Real Estate Agent in Princeton, NJ

Princeton New Jersey Condos & Townhouses - Governor's Lane -Luxury Princeton Homes For Sale

Princeton NJ Condos & Townhouses - Luxury Princeton Homes For Sale in Governor's Lane.

Princeton New Jersey is known for it's wide selection of luxury homes for sale including condos and townhouses. Condos and Townhouses in the surrounding towns of Montgomery Township and West Windsor are not properties often associated with the idea of luxury houses, but rather homes for sale for first time home buyers in the Princeton area. In Princeton we have several luxury condominium and townhouses neighborhoods, such as Constitution Hill and Governor's Lane.

Governor's lane homes and townhouses were built approximately 10 years ago and the neighborhood is reminiscent of the English mews houses. The backs of the houses overlook beautiful park like gardens with benches and walking paths.
Princeton luxury townhouses in the Governor's Lane neighborhood usually attract people who prefer to limit their home maintenance chores, as many aspects of these homes are maintained by the Homeowners Association.
Read: Princeton real estate townhouses for sale - Stonewall Circle in Princeton Ridge
Princeton luxury townhouses in Governor's lane have all the amenities found in a single Princeton home for sale. they are usually 4 bedrooms, 3+ bathrooms and have lots of closet and storage space. They are usually on 4 levels, with master suite on the second level and other bedrooms on the 3d. the lower level is usually finished and often has a bathroom.

The homes in Governors Lane are mostly town homes, but there are several free standing homes as well - the Lambert Model. Last time Princeton luxury home in Governor's Lane sold - was 14 Governor's Lane. It sold for $1,039,000.

The are several townhouses for sale in The Governor's Lane now ranging in price between $739,000 and $790,000. These prices reflect the general condition of Princeton real estate - Princeton Townhouses in Governor's lane used to sell for over $800,000 a few years ago.

Governor's lane is not a 55+ years community, it is a neighborhood of exclusive Princeton homes for sale for any age.

Call Princeton real estate agent specializing in luxury Princeton homes and townhouses for sale with questions you may have about Governor's lane homes or in other Princeton neighborhoods. If you are not ready to speak to an agent and would like to explore on your own what is available in the Princeton real estate click on the links below:

Princeton Luxury Condos and Townhouses $700,000+

To search for all Princeton Homes for sale and homes for sale in W. Windsor, Montgomery, Hopewell, and other towns, in the MLS click on the search link below:

Search for Homes

Princeton Luxury Real Estate - Princeton Homes For Sale $5,000,000+

Faina Sechzer - Princeton, Montgomery, Hopewell, NJ Real Estate Expert: Real Estate Agent in Princeton, NJ

Princeton Luxury Homes For Sale - Princeton Luxury Real Estate $5,000,000+

Princeton luxury real estate is my specialty and I cover it extensively on Princeton Real Estate blog. If you are looking for luxury homes for sale in Princeton, there are many price categories into which such Properties fall.

Princeton Real Estate For $1mln-$1.5mln |New Jersey Real Estate

Princeton Homes For Sale - $1,000,000 -$2,000,000

Luxury Princeton Homes For Less Than $2 million |
New Jersey Real Estate

Princeton Luxury Homes For Sale $2,00,00-$3,000,000

Princeton Homes for sale $3,000,000 -$5,000,000

This article focuses on Princeton Luxury homes for sale over $5,000,000. At this time there aren't too many homes of this caliber. They are usually significant historical Princeton houses with a lot of history, such as Princeton luxury real estate house built in 1773 by the Rev. John Witherspoon, a leading patriot, a signer of the Declaration of Independence and 6th president of Princeton University. Historic Princeton homes and luxury homes for sale in Princeton without historical pedigree, in this price category are spectacular homes with all the amenities and usually on many acres of land, if they are located in the Princeton Township. The highest priced Princeton real estate property for sale is $14,500,000.

An interesting fact is that Princeton luxury real estate homes of this caliber have not had many recent sales. The last sale on 89 Rosedale Rd, a 9 bedroom, 6/1 bathroom home on 3.54 acres was in Princeton Township in 07/2004. This Princeton luxury home was sold for $6,250,000.

You could review Princeton Luxury Homes For Sale -$5,000,000 + by clicking on the link below.

Princeton Luxury Real Estate Homes For Sale $5,000,000+

If you are looking for Princeton luxury real estate in other price ranges, you could check them out here:
Princeton Real Estate For $1mln-$1.5mln |New Jersey Real Estate

Princeton Homes For Sale - $1,000,000 -$2,000,000

Luxury Princeton Homes For Less Than $2 million |
New Jersey Real Estate

Princeton Luxury Homes For Sale $2,00,00-$3,000,000

Princeton Homes for sale $3,000,000 -$5,000,000

Princeton Real Estate & Princeton Schools - Princeton Charter School

Faina Sechzer - Princeton, Montgomery, Hopewell, NJ Real Estate Expert: Real Estate Agent in Princeton, NJ

Princeton New Jersey Schools - Princeton Charter School

The subject of schools in Princeton , Montgomery , West Windsor and other surrounding towns is inextricable tied to many parents' decision where to live. For this reason it's one of the very important considerations for many of my readers and clients.
Read also: Princeton, Montgomery, West Windsor School ranking
How To Select The Best School| when Relocating & Buying Princeton Real Estate Homes
Princeton Regional Schools - For Non -Residents


This weekend is difficult for my family as my boys are preparing to go to school away from home. With truck loads of socks and other "important items" waiting to be marked, I was reflecting on the important decisions parents have to make when it comes to school choice.

Excellent public schools is why many parents are attracted to greater Princeton area. Parents also have other choices. Some of the best private schools are in Princeton as well. What some out of state prospective home buyers may not know about is the Princeton Charter school.

Here is how NJ Monthly describes this school:

" Set at the southernmost end of an expansive, tree-fringed campus, the Princeton Charter School reflects the community it serves: comfortable, safe, and geographically removed from the turmoil of the states urban communities and inner-city public schools. This is not your typical charter school, at least not in New Jersey, where the vast majority are in economically depressed urban neighborhoods. But it is proof that top-rated schools and stratospheric SAT scores do not necessarily guarantee community satisfaction. Even in Princeton, it appears, parents are hungry for alternatives to the status quo."

"The founders who wrote the charter wanted a more rigorous education for their children and felt that in some cases the education their children got was too dependent on which teacher they were assigned," says Charles Marsee, the schools retiring head of school.

The curriculum concentrates on English and math, with a strong emphasis on writing; this is the kind of place where kids still learn how to diagram a sentence and are expected to do long division without a calculator. Test scores bear out the programs success. For the past five years, the middle school has had the highest number of "advanced proficient" scores in math and science in the state.

For that, Marsee credits the curriculum and the schools quality of instruction. "Weve been very good and very fortunate in bringing together an outstanding faculty," he says. "

"Last year, the Center for Education Reform, an organization promoting school choice, named Princeton Charter and the Hoboken Charter School among the best in the nation."

If you are considering moving and buying a home in Princeton, Montgomery, West Windsor or other surrounding towns you could search for Princeton Homes for sale right here on this site.

Princeton, Montgomery, West Windsor and other NJ Homes For Sale