Here is your October Camden County Real Estate market update. For October, listed units were down 273 units compared to October 2007, or a 35% decrease. Pended units for October were down 109, or a 38% decrease. Sold units were down 102, or a 31% decrease. This has led to a current inventory of 4319 units. Camden County has been averaging 347 units sold per month which means there is currently 12 months worth of inventory in Camden County. Year to date listed units are down 14%, pended units are down 34% and sold units are down 36%.
Over the last 3 years the average number of units pended and sold in October was approximately 517 & 543 respectively. This October, there were 290 units pended and 324 sold. The average Days on Market for the year is 81.
What does all this mean? It means that Camden County is a market to watch closely. In other words, 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 10/2007-10/2008 numbers for listed, pended and sold units.
Below is a chart that shows the average list price and average sold price for Camden County from 10/2007-10/2008. The average sold price is down 5% from October 2007 ($217,468) to October 2008 ($206,403).
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.
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*Market statistics as of 11/17/2008.
Here’s your October Burlington County Real Estate market update. For October, listed units were down 302 units compared to October 2007, or a 43% decrease. Pended units for October were down 102, a 46% decrease. Sold units were down 44 compared to October 2007, a 13% decrease. This has led to a current inventory of 3978 units. Burlington County has been averaging 366 units sold per month which means there is currently 10 months worth of inventory in Burlington County. Year to date listed units are down 17%, pended units are down 27% and sold units are down 28% versus 2007.
Over the last 3 years the average number of units pended and sold in October was approximately 483 & 475 respectively. This October, there were 274 units pended and 343 sold. The average Days on Market for the year is 89.
What does all this mean? It means that Burlington County is a market to watch closely. In other words, 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. If you see real estate as a long term investment, now is a great time to buy or “move-up” because the numbers are working in your favor.
The chart below provides you with the 10/2007-10/2008 numbers for listed, pended and sold units.
I’ve included a chart that shows the average list price and average sold price for Burlington County from 10/2007-10/2008. The average sold price is up 3% from October 2007 ($259,561) to October 2008 ($267,555).
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 11/17/2008.
It's that time of year again, when Moorestown shuts down Main Street and shows why it's such a wonderful Family oriented community. This Friday is Candle Light Night! From 6-9pm most of the businesses on Main Street will open their doors and welcome Moorestown residents in with various treats and favors. It's part open house, part carnival, part block party and a whole lot of fun!
This is the 32nd annual Candle Light Night and is sponsored by the Moorestown Business Association.
I invite you to come by the Prudential Fox & Roach office for some famous cheesecake, as well as cupcakes, cider, balloons and popcorn. Word to the wise, come early if you want the cheesecake:-) Also, there's a good chance I'll be manning the popcorn again this year so please stop by and say hello! I love handing out the popcorn, although I end up smelling like butter for a week!
If you're around town this Friday, the 7th, come on downtown. You're sure to see friends and neighbors and you're sure to have a good time.
Here’s the Mount Laurel Real Estate market update for September 2008. Pended units for September were up 4 and Sold units were down 21 compared to September 2007; listed units were up 11 versus 2007. This has led to a current inventory of 431 units. Mount Laurel has been averaging 47 units sold per month which means there is currently 9 months worth of inventory in Mount Laurel. This outperforms the overall Burlington County market, which has 12 months worth of inventory. Year to date listed units are down 132 (a 13% decrease), pended units are down 178 (a 39% decrease) and sold units are down 210 (a 49% decrease). See how this compares to the Burlington County Market.
Over the last 3 years the average number of units pended and sold in September was approximately 59 & 71 respectively. This September, there was 44 pended and 36 sold. The average Days on Market for the year is 76.
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 9/2007-9/2008 numbers for listed, pended and sold units.
Below is a chart that shows the average list price and average sold price for Mount Laurel from 9/2007-9/2008. The average sold price is flat from September 2007 ($281,877) to September 2008 ($282,164).
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 10/15/2008.
Here’s the Moorestown Real Estate market update for September 2008. Pended units for September were down 2 and Sold units were up 5 compared to September 2007; listed units were down 17 versus 2007. This has led to a current inventory of 206 units. Moorestown has been averaging 15 units sold per month which means there is currently 13 months worth of inventory in Moorestown. This trails the overall Burlington County market, which has 12 months worth of inventory. Year to date listed units are down 38 (a 9% decrease), pended units are down 17 (a 10% decrease) and sold units are down 34 (a 22% decrease). See how this compares to the Burlington County Market.
Over the last 3 years the average number of units pended and sold in September was approximately 13 & 17 respectively. This September, there were 12 pended and 16 sold. The average Days on Market for the year is 103.
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 9/2007-9/2008 numbers for listed, pended and sold units.
Below is a chart that shows the average list price and average sold price for Moorestown from 9/2007-9/2008. The average sold price is up 68% from September 2007 ($350,187) to September 2008 ($590,705).
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 10/15/2008.
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Whether you are buying or selling in Moorestown, Mount Laurel or beyond, my goal is provide you with innovative ideas and professional advice so you may make the best Real Estate decisions possible.
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