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Hopewell, NJ

Hopewell New Jersey Real Estate Update - Five Years 2004-2008

Faina Sechzer - Princeton, Montgomery, Hopewell, NJ Real Estate Expert: Real Estate Agent in Princeton, NJ

Princeton Real Estate has released its Hopewell NJ real estate report, examining 2008 and the previous five years. If you are considering selling your home this year, or are wondering if this is a good opportunity to buy, this report is for you.

Hopewell Real Estate Market - Key Points Hopewell NJ Real Estate Market Repost

Hopewell Real Estate Market Reports

  • The average price of house sold in 2008 in Hopewell Township and Hopewell Borough (combined) was $518,579 and has decreased 9% compared to 2007.
  • The highest average price in the last five years was in 2005, and has declined 9% since that time.
  • The numbers of houses sold in 2008 has declined 17% compared to 2007 and 38% compared to the high of 2005.
  • Average price has declined 2% cumulatively since 2004.
  • Days on the market (93 in 2008) has declined 10% compared to 2007. It may indicates that sellers of the homes that sell price them more realistically then the year before and therefore selling them faster. The present number is 37% higher then in 2004.

Whether you are considering buying or selling Hopewell real estate, it is important to consider how the market here compares to the surrounding communities.

Here are few comparisons.

Montgomery Township real estate homes for sale sold

  • Average home price in 2008 declined 7% compared to 2007;
  • Average home price declined 9% compared to the high of 2005.
  • Average house price has increased cumulatively 5% since 2004.
  • Number of houses sold in 2008 has decreased 16% since 2007.

Pennington Real Estate homes for sale sold

  • Average price in 2008 has increased 14% compared to 2007.
  • Average price in 2008 has declined 9% compared to the high of 2005.
  • Average price has increased 10% cumulatively since 2004.
  • Number of homes sold in 2008 has decreased 23% compared to 2007.

Princeton real estate homes for sale sold

  • Average price in 2008 increased 10% compared to 2007
  • Average price increased every year since 2004. The cumulative increase is 15%.
  • The number of houses sold in 2008 has declined 22%
  • Days on the market increased 4% compared to 2007.

Interested in learning what your Hopewell house is worth in today’s market? Call us at 609-553-4175 for a confidential assessment or submit your information at What is my home worth?

Want to look for your Hopewell home? Click on the link below.

Hopewell Homes For Sale

Mercy County, NJ Jumbo Rates Hold Steady

Michael Byrne: Loan Officer in Flemington, NJ

Our portfolio true jumbo mortgage rates held steady this week in Mercer County, NJ. Despite the 2009 conforming loan limit remaining at $417,000 in Mercer County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. Mercer County is one of the few Counties in NJ where the conforming loan limit remains at $417,000

Currently we have the Jumbo Rates with 0 points available for the following programs and more as of business close on 1/09/09:

10/1 ARM Call for Michael Byrne for customized quotes

10/1 I/O ARM 908 531 6170 or 800-999-2489 x7972

30 Year Fixed

5/1 ARM

Typical minimum FICO scores of 680/700 This program is for full documentation loans only. Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.

We also offer competitive pricing on FHA, VA and Conventional Loans in Mercer County, NJ, as well USDA loans in qualified RD areas.

We also have other Jumbo available in Mercer County, including our bi-weekly equity builder loan program, which allows for 90% purchase money financing and rate/term refinancing up to $650,000. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .615% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender. © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Letter from a Solder in Iraq

Christine O'Shea-Broker Assoc.~ Naples Florida Real Estate Sales: Real Estate Agent in Naples, FL

Nancy Lawson's recent Blog Post Sack Lunches has inspired me to post this letter of a solder in Iraq, Steve Webb, who is a Hopewell Fire Fighter.

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Steve is asking for donations of school items for children, pencils, papers, crayons, ect. that cannot be obtained from the PX along with personal items for the men. These items can be donated locally at the Hopewell Fire Department in Hopewell Borough on South Greenwood Avenue.

The letter is long, but well worth the read. Here is Steve's letter:

Hi everyone,

Let me get you up to speed about what has happened to me so far here in Iraq. First off, let me fill you in about where we are. We are located about 65K North of Baghdad at a place called Ashraf City. Actually, we are located just North of Ashraf, at a place called FOB Grizzly (FOB stands for Forward Operating Base. Our FOB is small, but adequate (think of the old west Forts from the Indian wars---like Fort Courage from F-Troop and that is what our place is like.

We have a gym, DFAC (which is the Dining Facility), a laundry that does out clothes for us, a PX (which has almost nothing to buy its so small), coffee shop, small Hajji mart, a chapel, phone center and a MWR (which is the place that we go to watch TV, use the computers, get some books and just hang out). We have one fire truck (which was in poor shape when I got here so I took it upon m yself to fix it up, and now I'm in charge of Fire Protection here on the FOB), and a dental and medical clinic. We all live in what are called pods- basically trailers with small rooms. Depending on your seniority, you either room with two other guys, one other guy, or you get a room to yourself (like I have), which is about 10'x10'. After living in a big room, or tent, with 70 guys, this is like living at the Hilton! Th e food here is really good, and there are 4 meals (mid-rats is the 4th one-from 2300-0100 hrs).

Our area of operations covers about 457 sq. miles, has 7 towns or villages and is in the Dyalia Province, which is the last bastion for the insurgents in Iraq. Three weeks ago, in one of the towns in the southern part of our operations area, the "mayor" was beheaded. The insurgents are all around us, and we work in what's called an "operating box", which is basically our jurisdiction. The insurgents know what our "box" is, and know that we cannot operate "outside the box", so the come in, do something, then high tail it out of the box. We are doing patrols 24/7 to try and hit them before they do something. When they do strike, and we are in the area, we usually end up in a chase across the desert, guns blazing.

We patrol in up-armored Humvees, that have thick armor sides, 3" thick glass, and the doors alone weigh about 485 lbs-each! We also trucks called MRAPs, which stands for "Mine Resistant Assault Protected", which are about 12 feet tall, weigh about 20 tons and cost one million

On my first night patrol, we where North of the FOB, traveling about 12 mph, when our front left tire hit an IED (Improvised Explosive Device) that had been buried in the road. We later found out that the IED was an HME (Home Made Explosive) that weighed about 70 lbs. the force of the blast blew the left front tire off of the truck, and caused the truck to flip over on its right side. The entire front of the truck was blown off, but the design of the truck worked because nothing entered the crew compartment and besides being shaken up, no one was hurt, but the truck was totaled.

Three days later, during a day patrol, just before we were to escort a water truck to deliver water to a village north of the FOB, we were met by an IA (Iraqi Army) patrol that reported that one of the patrols had hit an IED and they had 3 wounded soldiers. About three minutes, a cars pulled up with one of the wounded inside, we followed them to the gates of the main town that we are protecting (I can't go into details about the place, due to "Operational Security"-but I will tell all once I get home), and I got out to render first aid. The guy was in the back seat, and when I opened the door, I saw that he had suffered blast wounds to his entire front. I pulled him from the vehicle (which was not the one that had been hit-that one had been destroyed), and evaluated his injuries. He had no shirt on (it had been blown off in the blast), and he had shrapnel wounds over both arms, his entire chest and he had severe blast damage to his face. He was maintaining his own airway, but his face was very bad. I assessed his injuries, bandaged his wounds the best I could, and stabilized him. We called for a Medevac helo for him, and placed him in an ambulance and escorted it to the helo pad at our FOB. I later found out that he made20it and was in surgical intensive care.

Later, we did the water drop and when we entered the town, a bunch of kids came out to greet us! I mean there had to have been about 50+ kids, ranging from 2 to about 12, there. Most of the adults did not show themselves, except for the Muqudar, which is the Mayor of the village. I met him, and found out that he ran a small store in the town, so I asked if I could visit his shop, which he was grateful to show me. All of the building in this town is made with mud walls, and they try to farm the land around the town. The kids ask for things like pens, and ask to buy our watches with Saddam money. Seeing these kids almost broke my heart-most of them had no shoes, and the village has a school, but they do not have a teacher, so they don't go to school. They don't travel outside the village either, so we are the only outsiders that they have met. I plan to get some things, like pencils and pens, dollar store trinkets and candy to get out to these kids while I am stuck here. I will admit that I have been pissed because my guys and me have to be here away from out families for a year, but once I met these kids, I understand why we are here, and yes, our caus e is good. Beyond all the talk that you here from Washington, these kids are the future of this country and if we can do anything to help them and hopefully made their lives a little better and safer, then I guess being here isn't that bad. I fell that every person that I interact with, and make a good impression on, help with our cause. But, don't get me wrong; I know there are lots of very bad people here. We have a saying here, "Be friendly, courteous, and helpful, but be prepared to shoot them, if you have to!"

We work a 9-day schedule, were we go out on patrols everyday (day missions, night missions or QRF (quick reaction force) and our missions last about 5-7 hours at a time. Then, we go back to the beginning of the schedule, and start over again. Basically, we are working every day.

This place is amazing, and would be a nice place----if it weren't for the people trying to kill us. Some of the things that I have seen so far, I know will be with me for the rest of my live, and I will always=2 0appreciate what we have at home, and I know how lucky we are.

Sorry for being so long winded, but, I can't talk about this stuff over the phone, because we never know who might be listening. We might get a leave halfway through our tour, but we will see if that happens.

I must go know...its 1:20 am, and I have a mission at 6 am to get ready for. I will write again, when I can, and remember that you all are in my thoughts all the time. See you when I get home.

Yours truly,

Steve

Market Report, September 30th 2008, Hopewell Borough, Mercer County, NJ

Christine O'Shea-Broker Assoc.~ Naples Florida Real Estate Sales: Real Estate Agent in Naples, FL

Market Report As of September 30, 2008 Hopewell Borough, NJ

Hopewell Borough

Real Estate Activity for Hopewell Borough, Mercer County, NJ, Residential Real Estate, for the month of September 2008 is as follows:

  • 4 properties were listed with an average List price of $415,725.
  • 2 properties were sold with an average Sale price of $392,500 and 34 average days on market.
  • Inventory Accumulations for the past 12 months; 20 properties with an average list price of $429,374 and an average of 2 months to sell, which leaves 10 properties in inventory.

Interested in seeing current inventory on the market, email me: coshea@nationsrealtors.com for a complete and current list of properties.

Hopewell Township/Borough New Jersey - Market Report October 2008

Desiree Daniels: Real Estate Agent in Robbinsville, NJ

market report desiree daniels team

Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Sep 2008

39

618,346

9

19

9,457,500

497,763

85

Aug 2008

29

550,144

20

25

14,545,245

581,809

78

July 2008

24

555,741

22

30

16,691,600

556,386

78

June 2008

36

686,858

26

21

13,161,645

626,745

81

May 2008

50

589,427

25

21

10,713,162

510,150

96

Apr 2008

59

580,324

14

20

9,264,600

463,230

98

Mar 2008

40

633,001

24

13

6,530,500

502,346

88

Feb 2008

21

664,880

19

9

4,490,500

498,944

110

Jan 2008

30

663,980

11

17

9,536,200

560,952

103

Totals:

328

612,947

170

175

94,390,952

539,376

88

Inventory Accumulation for the Last 12 Full Months

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

146

98,462,910

674,403

19

7

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $255,000

Original List Price: $2,395,000

Original List Price: $584,736

Sold Price : $199,900

Sold Price: $2,300,000

Sold Price: $539,376

Inventory Accumulation figures are only calculated when Report End Month is the current month