Just The Facts for Moorestown Real Estate - Slower sales and rising supply

January Real Estate Numbers for Moorestown
Moorestown Real Estate Data - January 2007 vs January 2008

Homes listed for sale: 46 vs 47
Homes sold: 16 vs 08
Days on market: 112 vs 86
Average sale price: $647,343 vs $482,112
Average list price: $590,410 vs $853,740

The January numbers for the Moorestown real estate market are in and illustrate a lower demand for homes in Moorestown when you compare January 2007 to January 2008.

Since only 8 homes in Moorestown sold this January I thought I'd share which price ranges had activity.
2 Moorestown homes sold between $200,000 to $249,999. 1 of the houses had 3 bedrooms and the other Moorestown home had 4 bedrooms.
1 Moorestown home with 3 bedrooms sold between $250,000 to $299,999.
1 Moorestown townhouse with 3 bedrooms sold between $350,000 to $399,999.
1 Moorestown home with 4 bedrooms sold between $400,000 to $449,999.
1 Moorestown home with 4 bedrooms sold between $450,000 to $499,999.
1 Moorestown home with 4 bedrooms sold between $650,000 to $699,999.
1 Moorestown home with 4 plus bedrooms sold between $1,000,000 to $1,999,999.

Of course all these homes in Moorestown had varying features, sizes and conditions which play a part in determining the sale price.

Overall, the January numbers for the Moorestown real estate market show a slowing trend and with only 9 pended sales in January a slower February 2008 could be in store. With more homes coming on the market for the spring time buyers will be in a strong position once again, yet, if you are a buyer keep in mind if a home is priced right it will sell and may even get multiple offers.

Keep coming back to this blog to learn more about the Moorestown real estate market and local real estate trends. Or if you want a FREE consultation regarding your property and the impact the trends will have on selling it please contact me.

Based on information from TREND MLS for January 1, 2007 to January 31, 2008

BUYER ALERT - Moorestown, NJ 08057

This is a new feature I am testing on my Blog to connect buyers and sellers in Moorestown and the surrounding towns.  The purpose of the Buyer Alert is to notify potential sellers about a qualified buyer and assist buyers find their dream home.  This notification of a buyer is done at their direction and has been undertaken because we have visited multiple homes in their search area, but still have not found what they are looking for in a home.

It should also be noted that if your property is currently listed with another real estate broker this is not a solicitation of that listing.

BUYER ALERT for Moorestown, NJ homeowners.

My buyer is looking for a home in Moorestown that has:

>Minimum of 3 bedrooms

>Minimum of 1.5 baths, but preferable 2 full baths

>Close enough to Main Street to walk or bike

>Area (basement/ garage/ attic) large enough that can be finished 

Qualifications of Moorestown home buyer:

>Ideal purchase price range is $350,000 to $450,000 

>Maximum price they could pay would be $500,000

>Does the buyer need to sell a property? No

>When can the buyer settle on the home? April/ May

>Will they be financing 80% or less? Yes

Please contact me if you are interested in exploring if your home would work for these buyers. We can discuss next steps and complete a comparative market analysis.