Did You Know?
70% to almost 90% of all homes sold in Moorestown since 2003 were $699,999 or less. Buying a home in Moorestown is possible in all price ranges.*
$0 to $699,999
2003 = 88.50%
2004 = 79.80%
2005 = 75.41%
2006 = 70.27%
2007 = 74.68%
2008 = 76.19%
2009 = 80.56%
*Statistics are from Trend MLS.
If you want more information regarding the demand for homes in Moorestown by price range please contact me.
Showing posts with label Moorestown home buyer. Show all posts
Showing posts with label Moorestown home buyer. Show all posts
Saturday, May 30, 2009
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
Friday, February 1, 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.
Qualifications of Moorestown home buyer:
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.
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.
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