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Catherine "Cathy" Chaudemanche Team - Central Jersey Homes

3 Tips to Keep in Mind When Buying Eco-friendly Piscataway Real Estate in New Jersey

From household cleaning supplies to clothing, everything is going green. The same goes for the real estate market. Many potential home buyers want eco-friendly Piscataway real estate in NJ. Before you simply buy a home that's touted as green, consider these few tips for finding a truly green home.

1. Work with an expert

It may be difficult for you to figure out what criteria designate a green home. That's why it's important to seek out a green Piscataway real estate professional whose main focus is to help you sort through fact from fiction in the green housing industry.

2. Buy in an eco-friendly neighborhood

Purchasing green Piscataway real estate doesn't necessarily mean the location will be environmentally friendly. Unfortunately, buyers may not factor in this detail. If your neighborhood is in the heart of Piscataway, you may be exposed to more car emissions. Also, access to green amenities like bike and walking trails, may be limited.

3. Add your own green touches

Sometimes the home you find could be perfect with just a few small changes. If you want to make a home green, you have a variety of options. You could add natural flooring, install more insulation to help with energy costs and use non-toxic paint.

Before buying green Piscataway real estate in New Jersey, or any home for that matter, take your time and do your research. Many people are jumping on the popularity of going green, so it's smart to remain skeptical until you know and understand all the facts.

Catherine "Cathy" Chaudemanche
Keller Williams Elite Realty / Middlesex County market center.

Click on the following link for more Middlesex County NJ Real Estate Statistics, including Sold Home Ratio, 100% Asking Price and more...

Metuchen condos for sale in Metuchen NJ. North Edison Real Estate in Edison, Middlesex County and Piscataway Condos for Sale. Local real estate websites for your local needs. Servicing first time home buyers, investors and sellers in Middlesex County, New Jersey.

Middlesex County NJ Market Commentary - September 2009 Part 2

Middlesex County NJ Market Commentary - September 2009 Part 2

This Middlesex County NJ market commentary for the month of September is based on Middlesex County NJ real estate statistics.

Middlesex County NJ Market Commentary - September 2009 Part 1

Days of Inventory (DOI) has decreased over 3% versus August mostly due to the decrease in new homes listed. At 219 days, it means it would take about 7 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. This decrease is very important to note as DOI is an important variable in the monitoring of local real estate markets and our real estate barometer.

Both median and average sold prices have decreased versus last month and have decreased versus last year (-7.14% and -13.24% respectively) confirming the yearly downtrend.

SP/AP ratio is decreasing one point 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.

Another real estate statistic is Days on Market or DOM which has increased almost 7% up to 78 days. Meaning that it takes less than 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

Catherine "Cathy" Chaudemanche
Keller Williams Elite Realty / Middlesex County market center.

Middlesex County NJ Market Commentary - September 2009 Part 1

Middlesex County NJ Market Commentary - September 2009 Part1

This Middlesex County NJ market commentary for the month of September is based on Middlesex County NJ real estate statistics.

For Middlesex County, the number of new homes listed in September has slightly decreased compare to new homes listed in August. At 653 homes, it is lower than the average year to date of 679 homes listed per month. This is very positive for Middlesex County real estate market in general as we need to reduce the inventory to move into a more balanced / neutral market.

The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has slightly decreased to 2545 homes for sale in Middlesex County following a high in April with 2874 homes for sale. The AI has been consistently decreasing since April.

This month's absorption rate (350) or number of sold homes has decreased 4.9% versus last month. It is well over last year absorption rate (+12.54%) indicating that the tax credit incentive ending in November is working as expected. Buyers are definitely profiting from the grants, incentives available and the overall homes prices decrease.

I will post Middlesex County NJ market commentary Part 2 tomorrow...

Catherine "Cathy" Chaudemanche
Keller Williams Elite Realty / Middlesex County market center.

Metuchen condos for salein Metuchen NJ. North Edison Real Estatein Edison, Middlesex County and Piscataway Condos for Sale. Local real estate websites for your local needs. Servicing first time home buyers, investors and sellers in Middlesex County, New Jersey.

Middlesex County NJ Real Estate Statistics / September 2009

Middlesex County NJ Real Estate Statistics

Those Middlesex County NJ real estate statistics include residential one family only. They do not include townhouses, condos, co-ops, multi-family, commercial properties, etc...Home statistics are calculated from the Middlesex County Multi Listing System (MLS)

Middlesex County NJ Real Estate Statistics September 2009* Previous Month** September 2008
Active Inventory 2545 2675 (-4.86%) 3097 (-17.82%)
New Homes Listed 653 675 (-3.26%) 726 (-10.05%)
Sold Homes 350 368 (-4.90%) 311 (12.54%)
Median Sold Price (MSP) $325,000 $330,000 (-1.51%) $350,000 (-7.14%)
Average Sold Price (ASP) $346,860 $356,631 (-2.74%) $399,809 (-13.24%)
Sold Price/Asking Price (SP/AP) 94.00% 95% (-1.05%) 95% (-1.05%)
Days on Market (DOM) 78 73 (6.85%) 83 (-6.02%)
Days of Inventory (DOI) 219 226 (-3.10%) 299 (-26.76%)

*Middlesex County Real Estate Statistics Calculated on 10/11/2009 **Calculated on 09/12/2009

Click on the following link for more Middlesex County NJ Real Estate Statistics, including Sold Home Ratio, 100% Asking Price and more...

Catherine "Cathy" Chaudemanche
Keller Williams Elite Realty / Middlesex County market center.

Metuchen condos for sale in Metuchen NJ. North Edison Real Estate in Edison, Middlesex County and Piscataway Condos for Sale. Local real estate websites for your local needs. Servicing first time home buyers, investors and sellers in Middlesex County, New Jersey.

New Brunswick NJ Renovated Colonial Homes for Sale

Catherine Chaudemanche | Keller Williams Elite Realty | 732-616-6700
78 MAY ST, New Brunswick, NJ
New Brunswick NJ RENOVATED COLONIAL Home for Sale WITH NEWER EIK KITCHEN
3BR/1BA Single Family House
offered at $224,900

Search Local Homes Directly from the Middlesex County Muli Listing Systems.

Sq Footage Unspecified
Bedrooms 3
Bathrooms 1 full, 0 partial
Floors Unspecified
Parking Unspecified
Lot Size 5,000 sqft
HOA/Maint $0 per month

DESCRIPTION

New Brunswick NJ RENOVATED COLONIAL Homes for Sale WITH NEWER EIK KITCHEN, NEWER WOOD FLOORS, CERAMIC TILE, NEW WALL TO WALL UPSTAIRS, NEWLY PAINTED AND NEWER FURNACE. QUIET STREET CLOSE TO PARK AND DOWNTOWN. NICE SIZE YARD WITH DECK. OPEN FRONT PORCH. LOVELY, WELL LOCATED COLONIAL!

see additional photos below

Attention First Time Home Buyers in Middlesex County and Central New Jersey:

If you have missed our two last home buying workshops and would like to go over the same local, insightful and timely information, it is not too late. We are offering for a limited time individual tutorials to go over local down payment programs and local grants for Middlesex County buyers, concessions, incentives and lending opportunities. Register now to set up your very own individual tutorial, at no cost or obligation. And don't forget, the race is on if you want to benefit from the $8000.00 tax credit if you qualify.

PROPERTY FEATURES

- Fireplace - Hardwood floor - Tile floor
- Living room - Dining room - Dishwasher
- Refrigerator - Stove/Oven - Microwave
- Basement - Balcony, Deck, or Patio - Yard

ADDITIONAL PHOTOS


Photo 1

Photo 2

Photo 3
Contact info:
Catherine Chaudemanche
Keller Williams Elite Realty
Cell 732-616-6700
For sale by agent/broker
Office: 732-549-1998 x142

Equal Opportunity Housing
Posted: Oct 16, 2009, 2:27pm PDT