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

September 24, 2009
183 Homes for Sale

A quick look at the homes for sale in Lawrenceville at the present time reveals they amount to 183. This includes single family, townhome, and condominium style homes. Information on the homes for sale can be accessed here.

Posted by: Bruce

August 07, 2009
July's Lawrenceville Market Conditions
The average number of monthly sales in Lawrence Township has been 21 homes over the past year. Last month we had 30 sales at an average sales price of $362,266 well above the yearly average of $300,195. There are currently 247 properties available in the township making this a buyer's market with 11 months of inventory accumulation.

Posted by: Bruce

June 26, 2009
Real Estate Market Conditions in Lawrence
We are almost half way through the year and checking out the real estate market in Lawrenceville reveals that houses are selling in this buyer's market. We are averaging 24 homes sold per month, but we have 10 months of inventory unsold. Real estate is selling for about 92% of list price which is averaging $562,355.

Posted by: Bonnie

June 10, 2009
My House is Worth What?

Lawrence township homeowners now have added an functionality from this website to allow them to submit to us a request to help them decide the value of their home when they decide to sell it. Please visit the "Selling a Home" page when you need this type of assistance. A number of factors must be taken into consideration when placing a value on a home for sale.

Posted by: Bonnie