Here is your August Camden County Real Estate market update. For August, listed units were down 172 units compared to August 2007, or a 17.8% decrease. Pended units for August were down 110, or a 28.9% decrease. Sold units were down 201, or a 49.8% decrease. This has led to a current inventory of 4592 units. Camden County has been averaging 357 units sold per month which means there is currently 12 months worth of inventory in Camden County. Year to date listed units are down 13.1%, pended units are down 34.9% and sold units are down 40.1%.
Over the last 3 years the average number of units pended and sold in August was approximately 617 & 693 respectively. This August, there were 380 units pended and 404 sold. The average Days on Market for the year is 80.
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 8/2007-8/2008 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 8/2007-8/2008. The average sold price is down 4.8% from August 2007 ($236,213 to August 2008 ($224,914).
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 9/15/2008.
Here’s your August Burlington County Real Estate market update. For August, listed units were down 224 units compared to August 2007, or a 26.9% decrease. Pended units for August were down 52, a 15% decrease. Sold units were down 164 compared to August 2007, a 41.2% decrease. This has led to a current inventory of 4218 units. Burlington County has been averaging 343 units sold per month which means there is currently 12 months worth of inventory in Burlington County. Year to date listed units are down 15%, pended units are down 26.2% and sold units are down 32.2% versus 2007.
Over the last 3 years the average number of units pended and sold in August was approximately 535 & 677 respectively. This August, there were 344 units pended and 398 sold. The average Days on Market for the year is 88. 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 8/2007-8/2008 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 8/2007-8/2008. The average sold price is down 3.4% from August 2007 ($289,563) to August 2008 ($279,995).
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 9/15/2008.
Moorestown is hosting its sixth annual “Family Fun Day” this Sunday the 21st at Strawbridge Lake Park from 12noon until 5pm. The township shuts down Haines Dr between Church Rd and Pleas
ant Valley Rd for the festivities.
There is no admission fee to this great Moorestown event and the rides are free as well! Some of the Free activities include a 100 Foot Drop Slide, Castle Moonbounce, Extreme Climbing Wall, Face Painting and Pony Rides.
Having been to this event in the past, I can tell you that it’s a wonderful Family Day and that you’ll find something to enjoy no matter what the age group!
Parking will be provided in some lots across Route 38, with the majority of the spaces on the other side of Pleasant Valley Rd. There will be a free shuttle service from the parking area to the site as well: just look for the yellow Moorestown School Buses.
For more information about Moorestown Family Fun Day, pick up this weeks Moorestown Sun for an article by Robert Linnehan or visit www.familyfunday.net.
While my wife grew up in Moorestown, I’ve been a resident for about 8 years. Every year, for the past 4 years,
we’ve had a block party. Unless you were at the block party, I’m sure you could care less about that, but…..We just found out this year that Moorestown has Volleyball, Badminton, Croquet sets and much more available for you to use at your Block Party! Now that’s a hometown!!
I knew Moorestown was a great place to live because of its’ schools, parks, proximity to Philadelphia, New York, Washington DC etc., but to know that the town actually lets you borrow stuff to make your block party even better is awesome!
So if you’ve just moved to Moorestown, or you’ve been a Moorestown resident for your entire life, start working on your block party. The township is happy to let you borrow some games for everyone to enjoy. What better way is there to develop a sense of community than “Block Party Croquet?”
Here’s the Pennsauken Real Estate market update for July 2008. Pended units for July were down 6 and Sold units were down 7 compared to July 2007; listed units were down 5 versus 2007. This has led to a current inventory of 301 units. Pennsauken has been averaging 28 units sold per month which means there is currently 10 months worth of inventory in Pennsauken. This outperforms the overall Camden County market, which has 12 months worth of inventory. Year to date listed units are down 69 (a 12.9% decrease), pended units are down 71 (a 35.5% decrease) and sold units are down 84 (a 45.9% decrease). See how this compares to the Camden County Market.
Over the last 3 years the average number of units pended and sold in July was approximately 44 & 50 respectively. This July, there were 31 units pended and 32 sold. The average Days on Market for the year in Pennsauken is 76 days. These numbers indicate a market that is adding inventory faster than it can be absorbed. 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.
What does all this mean? It means that 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 7/2007-7/2008 numbers for listed, pended and sold units.
Below is a chart that shows the average list price and average sold price for Pennsauken from 7/2007-7/2008. The average sold price is up 1% from July 2007 ($190,017) to July 2008 ($191,850).
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 8/16/2008.
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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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