Michael Adams

What's happening in the marketplace, now - March 7, 2009

According to theGarden State MLS, currently there are five (5) homes actively listed for sale in this Franklin Township Townhouse development, at the time of posting. Two are 1-story Ranch style townhomes with 2 bedrooms-2 baths. Three are a 2-story townhouse with 3 bedrooms-2.5 baths. View these active listings.

There is one new listings since the last report to you on February 6th. All actively listed prices range between $249,000 and $322,500.

There has been one Carriage Homes at Quailbrook sale since the last report; an updated Ranch, 327 Shilling, for $260,000. One 2-story 2-bedroom/2.5 bath townhousench home is currently under contract.

That's what is happening in the marketplace now, March 7, 2009.

If you have specific questions about a Carriage Home proprerty or any local property, email me at: mjadams@century21.com or call (908) 583-0409.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

February 2009 Franklin Township Monthly Market Report

click to view

According to the Garden State MLS, the month of February, 2009 ended with 20 Franklin Township single family residences sold. Sale prices ranged between $80,000 and $755,000.

The month ended with 346 active listings on the market. There are 59 residential properties under contract.

That's what is happening in the marketplace now, March 7, 2009

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Events near Somerset 08873

Financial Independence & Security for Every Stage of a Woman's Life - 3/7 at 10.30am

Public Library 485 DeMott Lane, Somerset, NJ 08873

Registration required, visit the reference desk or call 732-873-8700 X#111.

Music with Ann Wild for kids - 3/7 at 2.30pm

Public Library 485 DeMott Lane, Somerset, NJ 08873

This program is for Franklin Township residents only. Children must be accompanied by parent or grandparent. For more information call 732-873-8700

Theater Workshop - Teenprov - 3/8 at 2.00pm

Public Library 485 DeMott Lane, Somerset, NJ 08873

A fast paced, one-hour workshop presented bythe George Street Playhouse, New Brunswick. To register, contact Amanda Decker, Young Adult Librarian, email: adecker@franklintwp.org or 732-873-8700 x #101

Rutgers Historical Tour - 3/7/2009 12:30pm

71 Hamilton St, New Brunswick, NJ 08901

http://ruinfo.rutgers.edu/visitingRU/historictours (732) 445-5745

Sunday Recital Series Category: Concerts/Music Events - Until 3/31/2009

5 Paterson St., New Brunswick, NJ 08901

www.christchurchnewbrunswick.org (732) 545-6262

The Devil's Music: The Life and Blues of Bessie Smith Category: Theatre - 3/3-29/2009

9 Livingston Avenue, New Brunswick, NJ 08901

www.GSPonline.org (732) 246-7717

Home Show Category: Expos - 3/06-08/2009

97 Sunfield Ave., Edison, NJ 08837

http://www.showoffice.com/pages/nj/exhibit.html (732) 417-1400

Outside In: Chinese x American x Contemporary Art Category: Art Until 06/07/2009

Nassau Street, Princeton, NJ 08544

http://artmuseum.princeton.edu/ (609) 258-3788

Greater NJ Record & CD Show Category: Arts & Culture - 3/8/2009

304 RT 22 West, Springfield, NJ 07081

www.izzymusic.com/record_shows.htm (973) 376-9400

Details released yesterday

Yesterday the Obama administration released more details of the American Recovery and Reinvestment Act of 2009 that features a maximum $8,000 tax credit for first-time buyers (only) who purchase a home on or after Jan. 1, 2009 and before Dec. 1, 2009. A first-time buyer is defined under the tax credit as an individual who has not owned a home in the last three years.

Additionally, qualifying details were given for homeowners seeking to modify their mortgage terms or refinance to avoid foreclosure.

The temporary credit is only available for home purchases made from January 1, 2009 to before December 1, 2009 and is equal to 10 percent of the cost of the home, up to a maximum credit of $8,000. (For example, a home purchased for $80,000 or more would qualify for the full $8,000 credit while a $70,000 home would only qualify for 10 percent or $7,000)

Eligible properties include anything that will be used as a principal single-family residence including condos and townhouses. Search for local homes.

Buyers may claim the credit on their federal tax return to reduce their tax liability. If the credit is more than their total tax liability that year, the buyer will get a refund check for the balance.

For married joint filers, both must meet the first-time homebuyer test to take the credit on a joint return.

There are income guidelines on the credit. Individuals with an adjusted gross income up to $75,000 (or $150,000 if filing jointly) are eligible for the full tax credit. The credit is phased down for those earning more and is not available for those with an income above $95,000 (or $170,000 if filing jointly).

The new tax credit does not have to be repaid if the buyer stays in the home at least three years. But if the home is sold before that, the entire amount of the credit is recaptured on the sale.

People who purchased homes under the 2008 $7,500 tax credit program will still be required to repay that credit to the government over a 15-year period.

For current homeowners seeking help, here's more of what you need to know.

Events near Somerset 08873

Sunday Recital Series

Category: Concerts/Music Events 09/07/2008 - 03/31/2009

5 Paterson St.

New Brunswick, NJ 08901

www.christchurchnewbrunswick.org

732) 545-6262

Myth and Modernity: Ernst Barlach's Images of the Nibelungen and Faust 02/21/2009 - 06/07/2009

Category: Art

Nassau Street

Princeton, NJ 08544

http://artmuseum.princeton.edu/

(609) 258-3788

Rutgers Historical Tour 02/28/2009 - 02/28/2009

Category: Historic Events

71 Hamilton St

New Brunswick, NJ 08901

http://ruinfo.rutgers.edu/visitingRU/historictours/

(732) 445-5745

The Deutsche Kammerphilharmonie Bremen 03/01/2009 - 03/01/2009

Category: Theatre

15 Livingston Ave.

New Brunswick, NJ 08901

www.statetheatrenj.org

(732) 246-7469

Princeton Country Dancers' Community Family Dance 03/01/2009 - 03/01/2009

Category: Concerts/Music Events

45 Stockton Street

Princeton, NJ 08542

www.princetoncountrydancers.org

(609) 924-6763

All About Maple Syrup 03/01/2009 - 03/01/2009

Category: Family/Festivals

103 College Farm Road

North Brunswick, NJ 08902

www.agriculturemuseum.org

(732) 249-2077

Piles of Paperwork -02/28/2009

Franklin Township Public Library

Are you buried under paperwork? Professional organizer Eva Abreu teaches us how to carve time from busy schedules to work on personal documents. Cut through the piles of piles, decide what to keep, what to toss, what to shred and what to organize and have on hand in case of an emergency.

Registration is required, call the reference desk at 732-873-8700 X#111.

Diverse Cultures, Diverse Sounds, Musical Instruments from around the world - 02/28/2009

Franklin Township Public Library

What can we use to make music bedisides our voices? Participants will expreience a multisensory explorationof music by seeing nd touching instruments from around the world and learn a little about the culture that created each instrument.

Registration is required. Call the reference desk at 732-873-8700 x#111

Theater Workshop: Create-a-Play 03/01/2009

Franklin Township Publick Library

"Create-a-Play" is an interactive workshop for children, ages 5-7. Children will use a favorite story to create a unique short play using theater games, storytelling and creative dramatic techniques. This workshop is sponsored by the New Jersey Theater Alliance and New Jersey Library Association.

To register for this free program call the Children's Department, 732-873-8700 ext. 112, or email Amanda Decker, adecker@franklintwp.org.

Theater Workshop: On your Feet 03/02/2009

Franklin Township Publick Library

If you're itching to act and are between the ages of 8 and 12, this is the workshop for you! "On Your Feet" is a one-hour workshop that will focus on creating stories off the top of your head and sharing them with others. This workshop is led by theater professionals from the George Street Playhouse and is sponsored by the New Jersey Theater Alliance and the New Jersey Library Association.

To register for this free program, call the Children's Department, 732-873-8700, ext. 112 or email Amanda Decker, adecker@franklintwp.org.