To get the latest Moorestown, NJ market data - Just the Facts
Showing posts with label Moorestown housing trends. Show all posts
Showing posts with label Moorestown housing trends. Show all posts
Sunday, February 24, 2013
Monday, June 29, 2009
Moorestown Real Estate Sales Volume Cut in Half
During the month of May we saw a sharp decline in the Sold Volume for homes in Moorestown, NJ. During May 2008 the dollar amount of homes sold in Moorestown was $11,852,200. In May 2009 the dollar amount of homes sold in Moorestown, NJ was cut by almost 50% to $6,548,499. Obviously this is a significant drop, but thankfully we also saw a smaller drop on a percentage basis (approximately 20% or $8,000,000) in the dollar amount of homes listed for sale in Moorestown, NJ. All-in-all it has been a down year for real estate across the country, but it appears to be stabilizing in Moorestown. (Statistics are from Trend MLS)
The people that want to sell to move up into a larger home see this as an opportunity to take advantage of historically low interest rates and reduced sale prices especially at the higher end of the market. This is creating an incentive for them to adjust their prices down to sell their homes. Once a few of the homes sell it will create a domino effect in Moorestown, NJ and for a few lucky Sellers who have adjusted their prices down it will create a situation where they will have multiple offers to consider. A significant switch from January of 2009.
For the first time homebuyers they want to take advantage of the historically low interest rates and the $8000 tax credit prior to December. There is plenty of supply in Moorestown, NJ for the first time homebuyer and with a great school system it should always be on the list of towns to consider.
If you want more information regarding the type of buyers for homes in Moorestown or the surrounding areas please contact me.
The people that want to sell to move up into a larger home see this as an opportunity to take advantage of historically low interest rates and reduced sale prices especially at the higher end of the market. This is creating an incentive for them to adjust their prices down to sell their homes. Once a few of the homes sell it will create a domino effect in Moorestown, NJ and for a few lucky Sellers who have adjusted their prices down it will create a situation where they will have multiple offers to consider. A significant switch from January of 2009.
For the first time homebuyers they want to take advantage of the historically low interest rates and the $8000 tax credit prior to December. There is plenty of supply in Moorestown, NJ for the first time homebuyer and with a great school system it should always be on the list of towns to consider.
If you want more information regarding the type of buyers for homes in Moorestown or the surrounding areas please contact me.
Saturday, May 30, 2009
Moorestown Homes are Affordable
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.
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.
Thursday, June 12, 2008
Just The Facts for Moorestown Real Estate - Making Up Ground
May Real Estate Numbers for Moorestown
Moorestown Real Estate Data - May 2007 vs May 2008
Homes listed for sale: 61 vs 59
Homes sold: 16 vs 26
Days on market: 138 vs 93
Average sale price: $603,562 vs $456,234
Average list price: $655,006 vs $729,106
I get asked are we at the bottom of the real estate correction fairly often. Of course this is very difficult to do. One may call a bottom, but in reality it could be a fools rally. Well, I maybe a fool, but I do believe we are getting close to the bottom. The only challenge I do see on the horizon is the employment rate and shrinking bonuses usually awarded to employees. The combination will continue to stall the economy and potentially allow other issues to surface such as a slower Commercial real estate market and a second round of mortgage issues. Thankfully in Moorestown our lows are never as bad as those in other towns given our strong school system, few development opportunities and a higher than average income level.
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 May 1, 2007 to May 30, 2008
Moorestown Real Estate Data - May 2007 vs May 2008
Homes listed for sale: 61 vs 59
Homes sold: 16 vs 26
Days on market: 138 vs 93
Average sale price: $603,562 vs $456,234
Average list price: $655,006 vs $729,106
I get asked are we at the bottom of the real estate correction fairly often. Of course this is very difficult to do. One may call a bottom, but in reality it could be a fools rally. Well, I maybe a fool, but I do believe we are getting close to the bottom. The only challenge I do see on the horizon is the employment rate and shrinking bonuses usually awarded to employees. The combination will continue to stall the economy and potentially allow other issues to surface such as a slower Commercial real estate market and a second round of mortgage issues. Thankfully in Moorestown our lows are never as bad as those in other towns given our strong school system, few development opportunities and a higher than average income level.
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 May 1, 2007 to May 30, 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
Just The Facts for Moorestown Real Estate - A Down First Quarter
March Real Estate Numbers for Moorestown
Moorestown Real Estate Data - March 2007 vs March 2008
Homes listed for sale: 53 vs 47
Homes sold: 26 vs 08
Days on market: 84 vs 105
Average sale price: $475,426 vs $526,250
Average list price: $585,508 vs $633,856
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 March 1, 2007 to March 31, 2008
Moorestown Real Estate Data - March 2007 vs March 2008
Homes listed for sale: 53 vs 47
Homes sold: 26 vs 08
Days on market: 84 vs 105
Average sale price: $475,426 vs $526,250
Average list price: $585,508 vs $633,856
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 March 1, 2007 to March 31, 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, February 13, 2008
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
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
Friday, January 18, 2008
Just The Facts for Moorestown Real Estate - Revised 2007 Data Just In
Sometimes the data regarding the Moorestown real estate is revised depending on how quickly agents follow up with TREND MLS and post their sales to the real estate database. With this in mind here are some revised Moorestown real estate numbers for 2007.
I reported earlier that the average sale price for a Moorestown home during 2007 dropped about 1% versus 2006. This was revised down further to about 3.5%. This is a lower average sale price for Moorestown homes, but it still remains historically high from a total dollar point of view.
An additional revision was the number of transactions or homes sold in Moorestown for 2007 versus 2006. I reported earlier that the total number of homes sold in Moorestown rose by 14 units. This was also revised, but revised up to about 17 transactions.
Therefore, my point still remains true from my earlier Moorestown real estate blog entry that demand for Moorestown homes is up; however, the returns are flat to slightly down versus 2006. From my perspective, this is a supply story - buyers have more to select from so it is putting pressure on sellers regarding the pricing of their home.
Keep coming back to this blog to learn more about the Moorestown real estate market and local real estate trends. If you want a FREE consultation regarding your property and the impact the trends in your town will have on selling it please contact me. Or if you are preparing to buy a home and want a FREE workbook - “Preparing to Buy a Home” - please e-mail me your name and mailing address.
Happy house hunting and I look forwad to assisting you with your real estate questions.
Based on information from TREND MLS for December 1, 2006 to December 31, 2007
I reported earlier that the average sale price for a Moorestown home during 2007 dropped about 1% versus 2006. This was revised down further to about 3.5%. This is a lower average sale price for Moorestown homes, but it still remains historically high from a total dollar point of view.
An additional revision was the number of transactions or homes sold in Moorestown for 2007 versus 2006. I reported earlier that the total number of homes sold in Moorestown rose by 14 units. This was also revised, but revised up to about 17 transactions.
Therefore, my point still remains true from my earlier Moorestown real estate blog entry that demand for Moorestown homes is up; however, the returns are flat to slightly down versus 2006. From my perspective, this is a supply story - buyers have more to select from so it is putting pressure on sellers regarding the pricing of their home.
Keep coming back to this blog to learn more about the Moorestown real estate market and local real estate trends. If you want a FREE consultation regarding your property and the impact the trends in your town will have on selling it please contact me. Or if you are preparing to buy a home and want a FREE workbook - “Preparing to Buy a Home” - please e-mail me your name and mailing address.
Happy house hunting and I look forwad to assisting you with your real estate questions.
Based on information from TREND MLS for December 1, 2006 to December 31, 2007
Wednesday, January 16, 2008
Moorestown Real Estate Revaluation
It has been some time since Moorestown has gone through a complete revaluation – I believe back in the 1980s was the last time when the entire town's home assessments were recalculated.
So why a revaluation? Since it has been so long since our last revaluation the current assessments in the municipality are no longer uniform and representative of 100% of their true market value. Therefore, a revaluation fairly redistributes the necessary tax burden among all property owners based upon the true value of their property. Of course this was written into law as well so their is no way around it.
If you haven't heard... the Moorestown revaluation is completed. It appears Moorestown residents are now receiving them and are a hot topic around our office and the local coffee shops. One of my friends say their taxes actually stayed the same; however, another one of my Moorestown friends had their taxes go up by about $400. I have not received mine yet, but I look forward to reviewing it and appealing it if it wasn't valued properly.
By the way, rumor has it that Moorestown Township was inundated with calls from the first batch of reassessments mailed out so start your appeal process early.
If you have questions regarding your new assessed value and are considering an appeal, regardless if you are residential or commercial real estate owner, feel free to contact me. If for reason I cannot help you I will make sure I introduce you to someone who can. I look forward to answering your questions.
Here is the link to the company that Moorestown hired to do the revaluation and the posted values and sales values for your home - Appraisal Systems, Inc.
Best of luck!
So why a revaluation? Since it has been so long since our last revaluation the current assessments in the municipality are no longer uniform and representative of 100% of their true market value. Therefore, a revaluation fairly redistributes the necessary tax burden among all property owners based upon the true value of their property. Of course this was written into law as well so their is no way around it.
If you haven't heard... the Moorestown revaluation is completed. It appears Moorestown residents are now receiving them and are a hot topic around our office and the local coffee shops. One of my friends say their taxes actually stayed the same; however, another one of my Moorestown friends had their taxes go up by about $400. I have not received mine yet, but I look forward to reviewing it and appealing it if it wasn't valued properly.
By the way, rumor has it that Moorestown Township was inundated with calls from the first batch of reassessments mailed out so start your appeal process early.
If you have questions regarding your new assessed value and are considering an appeal, regardless if you are residential or commercial real estate owner, feel free to contact me. If for reason I cannot help you I will make sure I introduce you to someone who can. I look forward to answering your questions.
Here is the link to the company that Moorestown hired to do the revaluation and the posted values and sales values for your home - Appraisal Systems, Inc.
Best of luck!
Sunday, January 13, 2008
First Time Homebuyers Misconception of Moorestown
Many first time homebuyers I work with typically want to stay in the $250,000.00 range and below. They provide me a list of towns they would like to buy in, but rarely consider Moorestown. This perception that there are no opportunities to buy in Moorestown below $250,000.00 is false.
In 2007 close to 40 homes sold in Moorestown from $250,000.00 and below. These homes were a mix of twins, townhouses, condos and single-family detached homes. Even as I write this there is a great 2 bedroom, 1 full bath home with a garage on Collins Avenue.
Yes, there are usually fewer options (less supply) in this price range and it will take you longer to find a home in Moorestown in this price range. However, you should consider the town a smart investment given the blue ribbon schools and steady appreciation of property values since 1999.
With all this in mind Moorestown doesn’t work for all my clients because they may need more bedrooms, new construction or closer proximity to work or family. When this is the case we are usually looking at neighborhoods in Merchantville, Pine Hill, Audubon, Collingswood, Haddon Heights, Haddon Township, Berlin and the surrounding towns.
Regardless of where you are looking you should begin to review how you are managing your money and using your credit. For all my clients I provide them a FREE workbook - “Preparing to Buy a Home”. Just e-mail me your name and mailing address.
Happy house hunting! Please check back for other helpful tips on buying your first home.
In 2007 close to 40 homes sold in Moorestown from $250,000.00 and below. These homes were a mix of twins, townhouses, condos and single-family detached homes. Even as I write this there is a great 2 bedroom, 1 full bath home with a garage on Collins Avenue.
Yes, there are usually fewer options (less supply) in this price range and it will take you longer to find a home in Moorestown in this price range. However, you should consider the town a smart investment given the blue ribbon schools and steady appreciation of property values since 1999.
With all this in mind Moorestown doesn’t work for all my clients because they may need more bedrooms, new construction or closer proximity to work or family. When this is the case we are usually looking at neighborhoods in Merchantville, Pine Hill, Audubon, Collingswood, Haddon Heights, Haddon Township, Berlin and the surrounding towns.
Regardless of where you are looking you should begin to review how you are managing your money and using your credit. For all my clients I provide them a FREE workbook - “Preparing to Buy a Home”. Just e-mail me your name and mailing address.
Happy house hunting! Please check back for other helpful tips on buying your first home.
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
Friday, October 5, 2007
Just the Facts for Moorestown Real Estate - Should you sell now?
August Real Estate Numbers for Moorestown
Moorestown Real Estate Data - August 2006 vs August 2007
Homes listed for sale: 39 vs 41
Homes sold: 28 vs 16
Days on market: 49 vs 80
Average sale price: $591,954 vs $698,937
Average list price: $572,451 vs $881,736
As you will see there are wide fluctuations from month-to-month. It is important to remember real estate is local and although one month will be up the next month in the same year could be down significantly because of seasonality market forces. For a complete understanding of the annual trend contact me
Based on information from TREND MLS for August 1, 2006 to August 31, 2007
Moorestown Real Estate Data - August 2006 vs August 2007
Homes listed for sale: 39 vs 41
Homes sold: 28 vs 16
Days on market: 49 vs 80
Average sale price: $591,954 vs $698,937
Average list price: $572,451 vs $881,736
As you will see there are wide fluctuations from month-to-month. It is important to remember real estate is local and although one month will be up the next month in the same year could be down significantly because of seasonality market forces. For a complete understanding of the annual trend contact me
Based on information from TREND MLS for August 1, 2006 to August 31, 2007
Wednesday, August 22, 2007
Just the Facts for Moorestown Real Estate - Moorestown Real Estate Data
In "Just the Facts" you will have access to monthly data from TREND MLS and learn:
(1) How many homes are listed for sale in Moorestown
(2) How many homes sold in Moorestown
(3) On average how long a home takes to sell a home in Moorestown
(4) Average sale price of Moorestown homes
(5) Average list price for a home in Moorestown
All this data at your finger tips 24/7. Or if you need a customized analysis for a specific town in the Moorestown area or certain statistics in Moorestown analyzed please contact me with your request by e-mailing:
NMoriuchi@EdgarRealEstate.com.
Moorestown Real Estate Data - July 2006 vs July 2007
Homes listed for sale: 64 vs 28
Homes sold: 22 vs 30
Days on market: 66 vs 104
Average sale price: $577,836 vs $551,136
Average list price: $629,975 vs $650,875
(1) How many homes are listed for sale in Moorestown
(2) How many homes sold in Moorestown
(3) On average how long a home takes to sell a home in Moorestown
(4) Average sale price of Moorestown homes
(5) Average list price for a home in Moorestown
All this data at your finger tips 24/7. Or if you need a customized analysis for a specific town in the Moorestown area or certain statistics in Moorestown analyzed please contact me with your request by e-mailing:
NMoriuchi@EdgarRealEstate.com.
Moorestown Real Estate Data - July 2006 vs July 2007
Homes listed for sale: 64 vs 28
Homes sold: 22 vs 30
Days on market: 66 vs 104
Average sale price: $577,836 vs $551,136
Average list price: $629,975 vs $650,875
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