To get the latest Moorestown, NJ market data - Just the Facts
Showing posts with label Local real estate trends. Show all posts
Showing posts with label Local real estate trends. Show all posts
Sunday, February 24, 2013
Tuesday, July 8, 2008
Just The Facts for Moorestown Real Estate - On the Right Track
June Real Estate Numbers for Moorestown
Moorestown Real Estate Data - June 2007 vs June 2008
Homes listed for sale: 48 vs 37
Homes sold: 28 vs 25
Days on market: 86 vs 110
Average sale price: $627,996 vs $597,148
Average list price: $660,608 vs $570,127
The first 6-months are now behind us and what a challenging period it has been for the real estate market. In Moorestown we have seen our ups and downs, but they are not as pronounced as some other towns in Burlington and Camden Counties. For that matter even other parts of the country. As you can see by the numbers we had fewer homes listed for sale in June then we did last year. This is good news for the overall supply of homes since the new construction market has practically disappeared in town. Demand for homes was relatively flat to slightly down while the days to sell a home continue to trend up. These three trends combined with the realignment of pricing continues to indicate our home market is getting back to normal, but is still at a fragile state. As a Seller continue to price your home accurately in a changing market and understand there is still plenty of supply (as of 7/5/2008 there were 213 homes for sale in Moorestown and an inventory accumulation of 14). As a Buyer realize that if a home is priced accurately there are people out there looking to purchase and it just might sell by the time you think the market has hit the bottom.
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 June 1, 2007 to June 30, 2008
Moorestown Real Estate Data - June 2007 vs June 2008
Homes listed for sale: 48 vs 37
Homes sold: 28 vs 25
Days on market: 86 vs 110
Average sale price: $627,996 vs $597,148
Average list price: $660,608 vs $570,127
The first 6-months are now behind us and what a challenging period it has been for the real estate market. In Moorestown we have seen our ups and downs, but they are not as pronounced as some other towns in Burlington and Camden Counties. For that matter even other parts of the country. As you can see by the numbers we had fewer homes listed for sale in June then we did last year. This is good news for the overall supply of homes since the new construction market has practically disappeared in town. Demand for homes was relatively flat to slightly down while the days to sell a home continue to trend up. These three trends combined with the realignment of pricing continues to indicate our home market is getting back to normal, but is still at a fragile state. As a Seller continue to price your home accurately in a changing market and understand there is still plenty of supply (as of 7/5/2008 there were 213 homes for sale in Moorestown and an inventory accumulation of 14). As a Buyer realize that if a home is priced accurately there are people out there looking to purchase and it just might sell by the time you think the market has hit the bottom.
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 June 1, 2007 to June 30, 2008
Thursday, June 12, 2008
Just The Facts for Moorestown Real Estate - Finding the Bottom
April Real Estate Numbers for Moorestown
Moorestown Real Estate Data - April 2007 vs April 2008
Homes listed for sale: 55 vs 58
Homes sold: 26 vs 14
Days on market: 69 vs 177
Average sale price: $580,523 vs $569,471
Average list price: $728,756 vs $658,603
Given the spike in days on market and the growing supply the bottom is not yet here, but we are getting close.
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 April 1, 2007 to April 30, 2008
Moorestown Real Estate Data - April 2007 vs April 2008
Homes listed for sale: 55 vs 58
Homes sold: 26 vs 14
Days on market: 69 vs 177
Average sale price: $580,523 vs $569,471
Average list price: $728,756 vs $658,603
Given the spike in days on market and the growing supply the bottom is not yet here, but we are getting close.
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 April 1, 2007 to April 30, 2008
Monday, June 9, 2008
Just The Facts for Moorestown Real Estate - The Slowing Market
February Real Estate Numbers for Moorestown
Moorestown Real Estate Data - February 2007 vs February 2008
Homes listed for sale: 57 vs 47
Homes sold: 21 vs 08
Days on market: 85 vs 103
Average sale price: $458,085 vs $562,875
Average list price: $685,364 vs $842,792
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 February 1, 2007 to February 29, 2008
Moorestown Real Estate Data - February 2007 vs February 2008
Homes listed for sale: 57 vs 47
Homes sold: 21 vs 08
Days on market: 85 vs 103
Average sale price: $458,085 vs $562,875
Average list price: $685,364 vs $842,792
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 February 1, 2007 to February 29, 2008
Wednesday, January 2, 2008
Just The Facts for Moorestown Real Estate - Demand for Homes on the Rise
December Real Estate Numbers for Moorestown
Moorestown Real Estate Data - December 2006 vs December 2007
Homes listed for sale: 23 vs 14
Homes sold: 12 vs 22
Days on market: 60 vs 74
Average sale price: $559,825 vs $444,149
Average list price: $625,452 vs $753,371
These real estate numbers for Moorestown are not typos. Yes we almost doubled the number of units sold in Moorestown this December versus last December. And just as important is the number of homes listed for sale -- it is down versus December 2006.
Yet for the doom and gloom people out there you will point out the average sale price and say that it is down almost $100,000 when you compare 12/2006 to 12/2007. Yes, it is down a lot, but remember as I have mentioned in the past you must also look at your local annual trends and not rely solely on the specific monthly trends. When we do that type of review you will see that the prices for Moorestown in 2007 were relatively flat versus 2006 as a whole. For those interested in a specific stat you can tell your friends that the average sold price was down about 1% while the number of transactions were up by 14 units for 2007. As a percentage these 14 units translate into a 6% rise in the total number of units sold in Moorestown.
This indicates to me that the demand remains strong for Moorestown homes when they are priced correctly. For those that bought three to five years ago that means you can ring in the New Year with your gains still intact.
For those that are on my mail list I will be following up this blog entry with my year in review letter. I will send this letter shortly to your home or place of business and then follow that letter with my Quarterly letter updating you on "Just the Facts" in Moorestown real estate. If you do not receive this letter and you would like to please contact me and provide me with your name and mailing address.
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 December 1, 2006 to December 31, 2007
Moorestown Real Estate Data - December 2006 vs December 2007
Homes listed for sale: 23 vs 14
Homes sold: 12 vs 22
Days on market: 60 vs 74
Average sale price: $559,825 vs $444,149
Average list price: $625,452 vs $753,371
These real estate numbers for Moorestown are not typos. Yes we almost doubled the number of units sold in Moorestown this December versus last December. And just as important is the number of homes listed for sale -- it is down versus December 2006.
Yet for the doom and gloom people out there you will point out the average sale price and say that it is down almost $100,000 when you compare 12/2006 to 12/2007. Yes, it is down a lot, but remember as I have mentioned in the past you must also look at your local annual trends and not rely solely on the specific monthly trends. When we do that type of review you will see that the prices for Moorestown in 2007 were relatively flat versus 2006 as a whole. For those interested in a specific stat you can tell your friends that the average sold price was down about 1% while the number of transactions were up by 14 units for 2007. As a percentage these 14 units translate into a 6% rise in the total number of units sold in Moorestown.
This indicates to me that the demand remains strong for Moorestown homes when they are priced correctly. For those that bought three to five years ago that means you can ring in the New Year with your gains still intact.
For those that are on my mail list I will be following up this blog entry with my year in review letter. I will send this letter shortly to your home or place of business and then follow that letter with my Quarterly letter updating you on "Just the Facts" in Moorestown real estate. If you do not receive this letter and you would like to please contact me and provide me with your name and mailing address.
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 December 1, 2006 to December 31, 2007
Monday, December 17, 2007
Just the Facts for Moorestown Real Estate - Pointing Down?
November Real Estate Numbers for Moorestown
Moorestown Real Estate Data - November 2006 vs November 2007
Homes listed for sale: 28 vs 26
Homes sold: 16 vs 13
Days on market: 100 vs 114
Average sale price: $573,156 vs $508,769
Average list price: $659,183 vs $475,527
All signs point down when comparing Moorestown's real estate market for the month of November 2007 against November 2006. Yet, we are still over the $500,000 mark for the average sold price, we have historically low interest rates for current buyers and one month doesn't make a year. For the year we will be about flat when we compare the 2006 real estate statistics to the 2007 real estate statistics. When considering to sell your home in this market remember that it will take longer to sell and pricing is key.
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 November 1, 2006 to November 30, 2007
Moorestown Real Estate Data - November 2006 vs November 2007
Homes listed for sale: 28 vs 26
Homes sold: 16 vs 13
Days on market: 100 vs 114
Average sale price: $573,156 vs $508,769
Average list price: $659,183 vs $475,527
All signs point down when comparing Moorestown's real estate market for the month of November 2007 against November 2006. Yet, we are still over the $500,000 mark for the average sold price, we have historically low interest rates for current buyers and one month doesn't make a year. For the year we will be about flat when we compare the 2006 real estate statistics to the 2007 real estate statistics. When considering to sell your home in this market remember that it will take longer to sell and pricing is key.
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 November 1, 2006 to November 30, 2007
Monday, December 3, 2007
Just the Facts for Moorestown Real Estate - All Things are Relative
October Real Estate Numbers for Moorestown
Moorestown Real Estate Data - October 2006 vs October 2007
Homes listed for sale: 52 vs 38
Homes sold: 15 vs 12
Days on market: 61 vs 59
Average sale price: $544,926 vs $538,728
Average list price: $549,251 vs $703,223
Monthly trends can be deceiving; however, it is a good snapshot of what is happening in the market. Is supply increasing, staying the same or decreasing? Are prices for homes increasing, staying the same or going lower? As you can see for Moorestown there is a slight price decline in the average sale price homeowners captured from a year ago. Yet, when you compare it to 2005 and further back it is up. All things are relative and as the year progresses we will be on track to do the same number of transactions as we did in 2006.
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 October 1, 2006 to October 31, 2007
Moorestown Real Estate Data - October 2006 vs October 2007
Homes listed for sale: 52 vs 38
Homes sold: 15 vs 12
Days on market: 61 vs 59
Average sale price: $544,926 vs $538,728
Average list price: $549,251 vs $703,223
Monthly trends can be deceiving; however, it is a good snapshot of what is happening in the market. Is supply increasing, staying the same or decreasing? Are prices for homes increasing, staying the same or going lower? As you can see for Moorestown there is a slight price decline in the average sale price homeowners captured from a year ago. Yet, when you compare it to 2005 and further back it is up. All things are relative and as the year progresses we will be on track to do the same number of transactions as we did in 2006.
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 October 1, 2006 to October 31, 2007
Sunday, October 7, 2007
Just the Facts for Moorestown Real Estate - The Changing Market
September Real Estate Numbers for Moorestown
Moorestown Real Estate Data - September 2006 vs September 2007
Homes listed for sale: 34 vs 56
Homes sold: 11 vs 8
Days on market: 75 vs 86
Average sale price: $680,250 vs $350,187
Average list price: $688,479 vs $577,420
All trends are showing a slowing market for Moorestown real estate. Supply is increasing while the average sale price is declining. However, one month does not make a trend. During the first six months of 2007 Moorestown had a few more houses sold than we did in 2006 during the same period.
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 September 1, 2006 to September 30, 2007
Moorestown Real Estate Data - September 2006 vs September 2007
Homes listed for sale: 34 vs 56
Homes sold: 11 vs 8
Days on market: 75 vs 86
Average sale price: $680,250 vs $350,187
Average list price: $688,479 vs $577,420
All trends are showing a slowing market for Moorestown real estate. Supply is increasing while the average sale price is declining. However, one month does not make a trend. During the first six months of 2007 Moorestown had a few more houses sold than we did in 2006 during the same period.
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 September 1, 2006 to September 30, 2007
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