Burlington Township, NJ January 2009 Home Sales & Analysis

Burlington Township, New Jersey January 2009 Home Sales & Analysis

 Are homes selling in Burlington Township, NJ??  Yes. 

Is there a healthy supply of homes for sale?  Absolutely Yes. 

Is now a great time to buy a home?  Depends on YOUR Situation.

Is now a great time to sell a house?  Depends.

 

The table below shows that in January 2009, Eleven (11) homes sold.  Seven (7) were single family detached and the remaining four (4) were town homes or condos.  Overall the townhouse market is stronger than the single family market.  12.5% of the Town homes available for sale sold in January.  This leaves an 8 month supply.  6% of the single family detached homes sold leaving a supply of 16.7 months.

What does this all mean?

A balanced market is defined as a six (6) month supply of homes for sale.  If there is greater than 6 month supply, then we are in a buyers market.  Less than a six months supply, we have a sellers market.  Right now, Burlington Township, NJ is a Buyers Market. 

Another interesting point to note is that the average sellers concession (ie...money paid towards buyers closing cost, ie...free money for the buyer) was $4,250 for town homes and $2,571 for single family detached homes.  What that means to the buyer is that the SELLER of your new home may be willing to help you buy your new home. 

If you have any questions, or are looking to buy or sell a home in Burlington Township, NJ or the surrounding area.......text, call or email me Today.  I am a Realtor and a Real Estate Consultant.  My job is to help make YOUR dreams come true.  Let me show you how I can do that for YOU and YOUR family.

 

 

Type	City	Total Available	Sold Jan 2009	% Sold	Supply
Townhouse	Burlington Twp	32	4	12.50%	8 months
Single Family	Burlington Twp	117	7	6%	16.7 months

 

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Townhouse	Burlington Township	Rosewood	1013 Garnet Drive	1	1	$99500	$99,500	$5,000	22
Townhouse	Burlington Township	Bridle Club	508 Lindsley Court	3	2.5	$220,000	$215,000	$3,000	201
Townhouse	Burlington Township	n/a	65 Manchester Way	3	2.5	$229,000	$220,000	$5,000	218
Townhouse	Burlington Township	Hancock Hollow	28 Stratfort Court	3	2.5	$239,000	$225,000	$4,000	31
			Average	2.5	2	$196,875	$189,875	$4,250	118

 

 

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Single Family	Burlington Township	Rosewood	20 Cynyd Drive	3	1	$240,000	$160,777	$0	103
Single Family	Burlington Township	Rosewood	48 Walnut Drive	4	2.5	$214,900	$214,900	$5,000	122
Single Family	Burlington Township	n/a	8 Rose Lane	4	2	$238,750	$215,000	$0	528
Single Family	Burlington Township	Park South	6 Vincent Drive	4	2.5	$349,900	$295,000	$ 5,000	104
Single Family	Burlington Township	n/a	606 Sunset Road	4	3.5	$308,000	$303,000	$8,000	216
Single Family	Burlington Township	Steeplechase	81 Steeplechase Blvd	3	2.5	$347,000	$335,000	$0	203
Single Family	Burlington Township	Royal Oaks	83 Shive Plave	4	2.5	$429,000	$400,000	$0	259
			Average	4	2	$303,936	$274,811	$2,571	219

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)