July 23, 2010
Home Sales Up in Lawrenceville
With the first half of the year behind us, here is a look at how the real estate market is faring in Lawrenceville, NJ. There have been 353 homes sold in the past 12 months for an average sale price of $311,798. The average asking price was $337,458 and the homes spent an average of 85 days on the market.
The previous twelve months (July 2008 to June 2009) saw a per-house average sale price of $299,009 for the 270 homes that sold. The average asking price was $325,671 and it took on the average 95 days for them to sell.
Just a quick glance will tell you that the number of homes sold increased and the time on the market decreased from year to year, and that the average sold price increased over 4%. While all this may be statistically true, it may also relate to the types of homes being sold.
Information from the TReND MLS is deemed reliable but is not guaranteed.
Posted by: Bruce
June 10, 2010
Visual Yourself As A Real Estate Professional?
Perhaps you are wondering: How you get a license? How do you join a company? What does it cost? and How do you make money?
For insights into the answers, visit Careers In Central New Jersey Real Estate. You will find information on Schooling, Licensing, and Careers Choices.
Posted by: Bruce
April 29, 2010
Search Lawrenceville Homes by Your Price Range
Homes From $150,000 to $200,000
Homes From $200,000 to $250,000
Homes From $250,000 to $300,000
Homes From $300,000 to $350,000
Homes From $350,000 to $500,000
Posted by: Bruce
March 28, 2010
Search Available Homes on a Map of the Area
If you know which Lawrenceville neighborhood you want to live in, it is possible using the added functionality of the Use An Atlas Search Page to focus in on a specific area in Lawrenceville Township and discover the homes that are for sale there.
Because it is based Google Map technology, it will allow you to zoom in and out and move the map around by dragging. Enjoy!!
Posted by: Bonnie
February 26, 2010
Recent Trend Data Show Difference in Regional vs. National Numbers
Single-Family Homes and Condos
Single-family home sales fell 6.9 percent to a seasonally adjusted annual rate of 4.43 million in January 2010 from a level of 4.76 million in December, but are 8.6 percent above the 4.08 million pace in January 2009. The median existing single-family home price was $163,600 in January, down 0.4 percent from a year ago.
Existing condominium and co-op sales dropped 8.1 percent to a seasonally adjusted annual rate of 620,000 in January from 675,000 in December, but are 38.1 percent above the 449,000-unit level a year ago. The median existing condo price was $172,400 in January, which is 1.4 percent higher than January 2009.
Regional Performance
Existing-home sales in the Northeast fell 10.9 percent to an annual pace of 820,000 in January 2010 but are 22.4 percent above a year ago. The median price in the Northeast was $245,300, a gain of 8.8 percent from January 2009.
Posted by: Bruce
January 14, 2010
Updated Neighborhood Sales Information
Sales data for the last two years has just been incorporated into the data supplied for each of Lawrence Township's neighborhoods. The number of sales have remained fairly constant, and as you would expect sales prices have generally declined as values are being affected by the national economy.
Posted by: Bruce
December 07, 2009
December 2009 Market Conditions
Lawrence Township currently has 242 homes for sale. Through today, there have been 286 homes sold so far this year. At this rate of home sales, it would take 11 months to exhaust the supply, making this a buyer's market. The average sales price has been $300,329 for homes were asking an average price of $329,623.
Information from TREND MLS - Information Deemed Reliable but Not Guaranteed.
Posted by: Bruce
November 07, 2009
First-Time Homebuyer Tax Credit Extended and Expanded
It’s now official, Congress has extended and expanded the existing $8,000 homebuyers tax credit and the President signed it into law on Friday, Nov. 6th.
The new law extends the existing tax credit for Lawrenceville area buyers who have not owned a home that was their principal residence in the past three years and adds some new criteria and qualifying homebuyers.
The $8,000 credit was scheduled to lapse on December 1st, 2009 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30, 2010 and close by June 30, 2010.
The income limits have been raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.
The bill also made more Lawrenceville, NJ homeowners eligible to claim the credit on their taxes. First-time buyers — those who have not owned a home in the past three years — still qualify for an $8,000 rebate. But now people who want to trade up can also qualify. Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.
Posted by: Bruce
October 27, 2009
A Guide To Lawrenceville’s Historic Landmarks
George Washington, key British generals, British and colonial armies — almost everyone of importance during that critical era — marched up and down King’s Way, or what is now called Route 206 or Main Street, in Lawrence Village.
Just in time for walking and driving tours while the leaves are turning glorious autumnal colors comes the revised edition of “A Guide To Lawrenceville’s Historic Landmarks.” Copies of the book are available for $7 at the clerk’s office in town hall, according to Municipal Manager Richard S. Krawczun.
Posted by: Bruce
October 02, 2009
Home Sales in Lawrence Township for September 2009
Lawrence Township monthly sales statistics, derived from our local Multiple Listing Service known as TReND, show that 21 homes sold in Lawrence Township this last month. With an average number of homes sold per month over the last year at 20 and with 245 homes currently on the market, it will take about a year for all the inventory to sell.
These 21 homes sold for an average price of $319,297. The average sale price for the past year has been $305,415 for a home in Lawrenceville, New Jersey.
Posted by: Bruce
Information on
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