Market Update Courtesy of Callaway Henderson Sotheby’s International Realty
Your 3rd quarter Greater Princeton area residential real estate market analysis.
Currently Available 22 Winant Road $889,000 Princeton
The continuing theme for the real estate market this year is identifying and understanding the specific niches -- what are now almost “micro markets� -which exist within our larger marketplace. Demand for certain trends continues. For example, throughout most municipalities, buyers will still pay a premium for houses that are updated, renovated and/or in a convenient location. Inherent in these trends are the adversely affected niches, such as homes that are in disrepair, need renovation, and/or are off the beaten path. As realtors, we are finding our work both particularly challenging and rewarding, as we are called on to identify these trends, and to know where exactly the pockets of strength and weakness lie. This is a benefit to all of our clients, buyers and sellers alike. Sellers need to know where they stand, and have the right strategy mapped out for their specific property. Buyers need to know when to bid up, and where the best value opportunities exist. Either way, we can help guide you because all of this is exactly what we do!
we take pride in providing clients a world of advantages In the 3rd quarter we helped people buy and sell homes in places such as Arlington (VA), Honolulu (HI), Manhattan (NY), Manasquan (NJ), Montclair(NJ), Rehoboth Beach (DE), and Vero Beach (FL), to name a few...
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Princeton $1 Million & UNDER
Currently Available 310 Nassau Street $899,00 Princeton
Q3 2013 Q3 2014 % Change Units Sold
72
Average Sales Price $637,172 58 Days on Market
81
+12.50%
$685,577
+7.60%
57
-1.72%
Q3 2013 Q3 2014 % Change Units Sold
32
30
Average Sales Price $1,441,531 $1,451,454 45 54 Days on Market
-6.25% +0.69% +20.00%
Princeton $1 Million - $2 Million
Currently Available 619 Lawrenceville Road $1,997,000 Princeton
Princeton $2 Million - $3 Million Princeton $2 million to $3 Million
Currently Available 53 Cradle Rock $2,995,000 Princeton
Q3 2013 Q3 2014 % Change Units Sold
2
4
100.00%
-5.99% Average Sales Price $2,325,000 $2,185,625 2 +8,400.00% 170 Days on Market
Princeton $3 Million and over
Currently Available 66 Bogart Court $3,450,000 Princeton
Q3 2013 Q3 2014 % Change Units Sold
1
3
Average Sales Price $3,425,000 $3,388,720 92 390 Days on Market
200.00% -1.06% +323.91%
montgomery Township
Currently Available 90 Opossum Road $799,000 Montgomery
Q3 2013 Q3 2014 % Change Units Sold
124
Average Sales Price $600,161 57 Days on Market
85
-31.45%
$611,386
+1.87%
56
-1.75%
Q3 2013 Q3 2014 % Change Units Sold
15
Average Sales Price $453,570 114 Days on Market
17
+13.33%
$553,235
+21.97%
88
-22.81%
pennington Borough
Currently Available 108 South Main Street $315,000 Pennington
Hopewell Borough
Currently Under Contract 62 Columbia Avenue $379,000
Q3 2013 Q3 2014 % Change Units Sold
7
Average Sales Price $472,000 44 Days on Market
6
-14.29%
$313,591
-33.56%
88
+100.00%
Q3 2013 Q3 2014 % Change Units Sold
88
Average Sales Price $494,579 77 Days on Market
79
-10.23%
$511,405
+3.40%
80
+3.90%
hopewell Township
Currently Available 11 Meadow Lane $699,000 Hopewell Township
west windsor Township
Currently Available 4271 Quakerbridge Road $499,000 West Windsor
Q3 2013 Q3 2014 % Change Units Sold
131
Average Sales Price $570,312 39 Days on Market
116
-11.45%
$590,250
+3.50%
42
+7.69%
cranbury Township
Currently Available 183 North Main Street $550,000 Cranbury
Q3 2013 Q3 2014 % Change Units Sold
12
Average Sales Price $818,828 29 Days on Market
10
-16.67%
$675,295
-17.53%
49
+68.97%
west windsor, cranbury, plainsboro combined
Currently Available 16 Prospect Avenue $339,000 Plainsboro
Q3 2013 Q3 2014 % Change Units Sold
212
Average Sales Price $554,840 41 Days on Market
197
-7.08%
$549,700
-0.93%
44
+7.32%
Q3 2013 Q3 2014 % Change Units Sold
101
Average Sales Price $333,890 65 Days on Market
116
+14.85%
$320,268
-4.08%
68
+4.62%
lawrence Township
Currently Available 3 Toftrees Court $1,525,000 (Princeton Address) Lawrence Twp
robbinsville Township
64 South Main Street $459,900 Robbinsville
Q3 2013 Q3 2014 % Change Units Sold
79
Average Sales Price $369,443 63 Days on Market
68
-13.92%
$382,196
+3.45%
51
-19.05%
lambertville city
Currently Available 91 North Main Street $419,000 Lambertville
Q3 2013 Q3 2014 % Change Units Sold
17
Average Sales Price $402,191 62 Days on Market
10
-41.18%
$313,300
-22.10%
126
103.23%
Each Office Is Independently Owned And Operated. Landscape with House and Ploughman, Used with permission. Subject to errors, omissions, prior sale or withdrawal without notice. All statistics from TREND MLS 10.8.14. Information deemed reliable but not guaranteed.