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Middlesex County NJ Real Estate Statistics and Market Commentary - Part 1
Middlesex County NJ Market Commentary for January 2010 - Part 2
Days of Inventory (DOI) has increased 71.1% versus December due to the increased number of new homes. At 375 days, it means it would take about 12 months to sell all existing inventory at the same absorption rate. A market with over 6 months supply would usually qualify as a buyer's market. A market with less than 6 months of supply would usually qualify as a seller's market.
The average sold price has slightly increased (0.9% Vs December). The median sold price decreased 3.9%.
SP/AP ratio stays at 94%. In average, sellers are accepting offers at 94% of their last asking price. Please note that I mentioned "last asking price" and not "original asking price" which is very different. As a general rule, houses that sell are houses that are very close to their current market value as calculated through a Comparative Market Analysis.
You might be interested to know the percentage of homes sold at asking price in Middlesex County NJ and the Sold homes ratio in Middlesex County NJ
Another real estate statistic is Days on Market or DOM which has slightly increased to 91 days. Meaning that it takes about 3 months in average to go under contract. A word of caution with this indicator as it is not a cumulative DOM. Meaning the clock re-starts with any new contract for the same home. This is a good example of the better value of looking at those statistics, which is more in the trend analysis than in a specific number at a specific given time.
That's the end of our local market commentary based on Middlesex County NJ real estate statistics. As always, contact me if any questions.
Piscataway real estate , Metuchen real estate and North Edison real estate in Middlesex County New Jersey.
Catherine "Cathy" Chaudemanche
Realtor Associate
Agent Leadership Council
Keller Williams Realty.
Middlesex County NJ Market Center-
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Middlesex County NJ Real Estate Statistics for January 2010
Those Middlesex County real estate statistics include residential one family only. They do not include townhouses, condos, co-ops, multi-family, commercial properties, etc... Data is from the Middlesex County Multi Listing System (MLS) and is the basis for our Middlesex County NJ market commentary.
| Middlesex County Real Estate Statistics | January 2010* | Previous Month** | January 2009*** |
| Active Inventory | 2385 | 2127 (12.1%) | 2623 (-9.1%) |
| New Homes Listed | 724 | 321 (125.5%) | 706 (2.5%) |
| Sold Homes | 197 | 301 (-34.5%) | 170 (15.8%) |
| Median Sold Price (MSP) | $299,900 | $312,000 (-3.9%) | $320,000 (-6.3%) |
| Average Sold Price (ASP) | $334,396 | $331,191 (0.9%) | $363,115 (-7.9%) |
| Sold Price/Asking Price (SP/AP) | 94.00% | 94.00% | 95% (-1%) |
| Days on Market (DOM) | 91 | 90 (1.1%) | 82 (10.9%) |
| Days of Inventory (DOI) | 375 | 219 (71.1%) | 504 (-25.6%) |
*Middlesex County Real Estate Statistics Calculated on *02/07/2010 **Calculated on 01/04/2010 ***Calculated on 02/10/2009
Middlesex County NJ Market Commentary for January 2010 - Part 1
For Middlesex County NJ, the number of new homes listed in January has increased 125.5% to 724 homes compare to new homes listed in December. It is also higher than January 09.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has increased to 2385 homes for sale in Middlesex County NJ as of 02/07/2010. The Active Inventory has been consistently decreasing since last April and is the first increase since then.
This month's absorption rate (197) or number of sold homes has decreased 34.5% versus last month but increased versus last year (15.8%). Buyers are definitely profiting from the grants, incentives available, low interest rates and the overall homes price decrease.
Piscataway real estate , Metuchen real estate and North Edison real estate in Middlesex County New Jersey.
Catherine "Cathy" Chaudemanche
Realtor Associate
Agent Leadership Council
Keller Williams Realty.
Middlesex County NJ Market Center-
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State Theatre presents the Moscow State Radio Symphony Orchestra on Sunday, February 14, 2010 at 3pm. The symphony will perform a special all Tchaikovsky program for Valentine's Day. The program includes: Romeo and Juliet Overture-Fantasy; Piano Concerto No. 1 in B-flat minor, Op. 23 with pianist; Variations on a Rococo Theme in A for Cello and Orchestra, Op. 33 with cellist Julian Schwarz; and Symphony No. 6 in B minor, Op. 29, "Pathetique". Leading the performance will be Music Director Alexei Kornienko. The Moscow State Radio Symphony Orchestra performance is part of the State Theatre's winter festival, Hub City Carnivale, three weeks of performances, activities, and attractions for children 1-100.Tickets range from $32-67(group discounts apply). Valentine's Day Packages For this special Valentine's Day performance, the State Theatre is offering 3 different Valentine's Day packages, the "Sweetheart" package, the "Date" package, and the "Museum/Concert" package. The "Sweetheart" package is $89 per couple and includes 2 Moscow Symphony tickets, 2 glasses of wine at the show, and 1 Sweetheart box of chocolates. The "Date" package is $200 per couple and includes 2 Moscow Symphony tickets; 1 $100 gift certificate to a featured restaurant; and 1 rose at your seat before the show. The "Museum/Concert" package is $120 per couple and includes an intimate docent-led tour of the Zimmerli Art Museum's rare Russian photography exhibit "Four Perspectives Through the Lens: Soviet Art Photography in the 1970s-80s," 2 Moscow Symphony tickets; plus chocolate, champagne, parking at the museum, and round trip transportation to the theater. To purchase the MUSEUM / CONCERT PACKAGE call 732-247-7200, ext. 534. For all other packages call the ticket office at 732-246-7469. Moscow State Radio Symphony Orchestra The Moscow State Radio Symphony Orchestra was founded in 1978 as an outgrowth of the need for the symphonic repertoire of the 18th, 19th, and 20th centuries to be broadcast throughout Russia for the benefit of its citizens. It was decided that the orchestra should broadcast performances on a weekly basis. Presently the orchestra follows the European music tradition and does not have a permanent Chief Conductor. Music Director Anatoli Nemudrov invites maestros from Russia and abroad in order to facilitate the continuing development and mastery of the musicians. Alexei Kornienko, music director Alexei Kornienko is a deeply committed musician whose musical drive is rooted in a strong sense of loyalty to the composer's intentions within the score, as well as in a modern responsibility to interpret and demonstrate his individuality in performance. The results of his work are always charged by his personal obsession for music. In 1986, after acting as the Conductor of Concerts for the USSR, Kornienko was appointed professor of piano at the Moscow Tchaikovsky Conservatory. In 1990, after relocating to Austria, Kornienko was appointed music director of the Collegium Musicum Carinthia chamber orchestra. In 1995, he was engaged as guest conductor of the Moscow Philharmonic Orchestra before founding the Classical Etcetera music series in 1997. In 2001, he was appointed artistic director of the Worthersee Classical Festival. He was engaged as the music director of the Moscow State Radio Symphony Orchestra in 2005. Alexander Sinchuk, piano Alexander Sinchuk began his study of the piano in the Children's Art School under Elena Kulikova in 1995, at the age of seven and by the age of nine had begun to participate in regional competitions of young musicians, in which he was a winner several times. In March of 2002, he entered and won First Prize in the International Competition for Pianists in Vladivostok, Russia. And in February 2009, Sinchuk made his Carnegie Hall solo recital in Weill Recital Hall. Julian Schwarz, cello 18-year old Julian Schwarz made his orchestral debut at the age of 11 playing the Saint-Saens Concerto No. 1 with the Seattle Symphony with his father, Music Director Gerard Schwarz, on the podium. Since then he has appeared as a soloist with many of the Seattle area orchestras including the Bellevue Philharmonic, Philharmonia Northwest and the Port Angeles, Eastern and Sammamish symphonies. Recent and upcoming appearances include performances with the Greensboro (NC) Symphony, Lake Union Civic Orchestra, San Diego's Tifereth Israel Orchestra, and return engagements with the Seattle Symphony and Port Angeles Symphony. For tickets or more information, call the State Theatre ticket office at 732-246-SHOW (7469), or visit us online at www.StateTheatreNJ.org. The State Theatre ticket office, located at 15 Livingston Ave, New Brunswick NJ, is open Monday, Tuesday, Thursday, Friday, and Saturday 10am to 6pm; Wednesday 11am to 7pm and at least one hour prior to curtain on performance dates. For information on group outings and discounts, call 732-247-7200, ext. 517. The State Theatre, a premier nonprofit venue for the performing arts and entertainment. The theater exists to enrich people's lives, contribute to a vital urban environment, and build future audiences by presenting the finest performing artists and entertainers and fostering lifetime appreciation for the performing arts through education. The State Theatre's programs are made possible, in part, by funding from the New Jersey State Council on the Arts/Department of State, a Partner Agency of the National Endowment for the Arts, and contributions from numerous corporations, foundations, and individuals. Continental Airlines is the official airline of the State Theatre. The Heldrich is the official hotel of the State Theatre. The Star-Ledger is the official newspaper of the State Theatre. Moscow State Radio Symphony Orchestra The orchestra series is sponsored by the STATE THEATRE Ticket Office - 732-246-SHOW (7469) |
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--Edison and the Township of Edison New Jersey,
News & Events--
Please be advised, due to the predicted heavy snow storm expected to begin Friday evening the following will be closed on Saturday, February 6th.
*Stelton and Minnie B. Veal Community Centers
*Edison Animal Shelter
*All three Edison Library branches
The Catherine "Cathy" Chaudemanche Team-
Cathy's involvement in the community also includes hosting and running free First Time Home Buyers Workshops. Local down payment programs and grants, concessions, incentives and lending opportunities are there for Middlesex County home buyers who are aware of them. Cathy fills the gap by providing local, practical and timely information to help home buyers to benefit themselves.
Official website of Edison NJ Edison Township Public Schools Edison Public Libraries Edison Chamber of Commerce Edison Arts Society Edison Animal Shelter Plays in the Park Middlesex County College JFK Hospital Edison Exposition Center Coming Events in Edison Thomas Edison
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*If you would like us to publicize efficiently and at no charge your Edison events (Grand opening, community events, commercial events, local news, local press releases, etc...) simply email us (cathyteamnj at aol dot com) at least 72 hours prior with the exact content to include. We might make some slight changes to your content in order to optimize it for Internet searches.
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Edison Open Houses Sunday February 7, 2010
Please find below a list of open houses in Edison NJ for Sunday February 7, 2010. Those are public Edison open houses. Open houses are a good way to start understanding what you can get for your money. They are listed for Edison homes by property types (Houses, Condos, Adult Community), number of bedrooms and asking price.
| Middlesex County City | Zip Code | Address | Property Type | bedrooms | List Price | Open House Date |
| Edison | 08817 | 925 WATERFORD DR | Condos | 2 | $239,900 | 2/7/2010 |
| Edison | 08820 | 39 WOODBURY RD | Houses | 2 | $329,900 | 2/7/2010 |
| Edison | 08820 | 131 LUND AV | Houses | 4 | $619,900 | 2/7/2010 |
| Edison | 08820 | 212 HEGEL AVE W | Houses | 4 | $379,000 | 2/7/2010 |
To see if you qualify for the local American Dream and the Smart Start down payment programs and other incentives contact me anytime.
More about Edison Real Estate in New Jersey and North Edison Real Estate.
For a list of open houses this coming Sunday in Middlesex County NJ, click on the following link: Middlesex County open houses.
Catherine "Cathy" Chaudemanche
Edison Realtor Associate
Agent Leadership Council
Keller Williams Realty.
Middlesex County NJ Market Center-
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