Lumberton Township, NJ

Lumberton Township, NJ: January 2009 Real Estate Statistics, Homes Sales & Analysis

Are homes selling in Lumberton Township, NJ??  Yes. 

Is there a healthy supply of homes for sale?  Absolutely Yes. 

Is now a great time to buy a home?  Depends on YOUR Situation.

Is now a great time to sell a house?  Depends.

The table below shows that in January 2009, Seven (7) homes sold.  Five (5) were single family detached and the remaining two (2) were town homes or condos.  Overall the single family market is stronger than the townhouse market.  7.2% of the single family homes available for sale sold in January.  This leaves an 12.8 month supply.  6.7% of the townhouses were sold leaving a supply of 14 months.

What does this all mean?

A balanced market is defined as a six (6) month supply of homes for sale.  If there is greater than 6 month supply, then we are in a buyers market.  Less than a six months supply, we have a sellers market.  Right now, Lumberton Township, NJ is a Buyers Market. 

 If you have any questions, or are looking to buy or sell a home in Lumberton Township, NJ or the surrounding area.......text, call or email me Today.  I am a Realtor and a Real Estate Consultant.  My job is to help make YOUR dreams come true.  Let me show you how I can do that for YOU and YOUR family.

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

A team from the Lumberton and Eastampton Gifted and Talented Parents Group is doing a final testing of Pumpkin Churnkin Machines at Prickett's Farm today between 10 am and 2 pm. [Rain or Shine]

Location: 186 Fostertown Road, Lumberton, NJ (corner of Crispin and Fostertown Roads).

The Prickett's Punkin Chunkers team will than enter these machines in the World Pumkin Chunkin Championships to be held in Seaford, Delaware the following week.

This local event will raise money for ALS (Lou Gehrig's disease)

For a small donation you may be able to launch a pumkin yourself!

Hamburgers, hot dogs, baked goods and drinks will be sold -- all sales benefit the ALS.

Pumpkins will also be available for sale at the Prickett's Farm.

[BTW, the world championship event even has a movie and music videos available: Flying Pumkins - The Legend of Pumpkin Chuckin!]

For real estate resources, help and support services in acquiring or selling properties in New Jersey, Visit my web site: LawrenceYerkes.com

and visit Besthomes-NJ.com to shop for the latest New Jersey Real Estate property listings (Residential, Commercial, Multi-Family, Farm, Land).

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Here’s the Lumberton Real Estate market update for August 2008. Pended units for August were down 3 and Sold units were down 7 compared to August 2007; listed units were down 4 versus 2007. This has led to a current inventory of 118 units. Lumberton has been averaging 9 units sold per month which means there is currently 13 months worth of inventory in Lumberton. Lumberton trails the overall Burlington County market, which has 12 months worth of inventory. Year to date listed units are down 50 (a 23% decrease), pended units are down 43 (a 56.6% decrease) and sold units are down 42 (a 56.8% decrease). See how this compares to the Burlington County Market.

The last 3 years the average number of units pended and sold in August was approximately 14 & 18 respectively. This August, there were 9 units pended and 9 units sold. The average Days on Market for the year is 83.

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 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 Lumberton from 8/2007-8/2008. The average sold price is down 40.5% from August 2007 ($354,481) to August 2008 ($211,177).

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.