Princeton Market Update April 2017
The Princeton, NJ Real Estate market continues to be brisk, marked by a lack of inventory and high demand.
The average time it took to sell a home was 87 days.
The average sold price was $1.203 million, which is up over $200k from March closings.
Overall Sellers retained 94.9% of their asking price.
For Princeton homes under $1 million sellers sold in an incredible 17.5 days and retained over 98% of their asking price.
For Princeton sellers $1-2 million homes took 121 days to sell and they retained 97% of their asking price.
For Princeton sellers $2 million+ the homes took an average of 241 days to sell and the sellers retained only 87% of their asking price.
Colonials were the most popular style, accounting for 10 of the 17 closed homes.
The average annual tax bill for the April closed homes in Princeton was $21,000. The highest annual taxes were over $65,000 and the lowest $5,196.
5 of the 17 sold homes were bought with cash. The 12 homes that sold via mortgages all were conventional financing.
The Princeton swim clubs will be busy this summer as only one of the 12 houses that sold in April have in ground pools.
Take a look below for additional Princeton homes for sale.
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March 2017 Princeton Real Estate Market Report
Click Here for details on each home sold in March or take a look below at the recent market statistics.:
The average sales price for Princeton homes sold in March was $976,178.
It took 69 days for the average home in Princeton to close.
Princeton homeowners retained 96% of their asking price.
The average tax assessment for Princeton homes sold in March was $610,303.70
The average taxes for the homes that sold in March was $13,817.30
Five of the homes that closed in Princeton were new construction.
An incredible 12 of the 27 homes that closed in March were sold for cash. That is 44% of the Princeton market, where the average sales price was over $970,000 that sold for cash!
The average age of the homes that settled in March was 36.62 years.
The average home had 3.9 bedrooms and 3.4 baths.
Colonials were the most popular model with 14 homes of the 27 sold or 51% of the market.
Click here for details on the individual homes sold in March in Princeton.
Want to know more about the Princeton market? Call us at the Princeton office. We can help you buy, sell or invest in the Princeton market. 609-921-1900.
Princeton Real Estate Summary May 2016
May was a very busy month in the Princeton Real Estate market. As you can see 17 homes settled in Princeton in May for an average price of $926,000.
Some interesting data on the Princeton Real Estate Market:
There are currently 176 active listings on the market and only 52 of them are under $1 million (less then 29% of the market).
In May 37 single family houses went under contract with a total of over $54 million in volume.
In May 5 condos/ townhouses went under contract with a total sales volume of $2.337 million.
Princeton has a lot of cash buyers! Of the 98 homes that settled YTD in Princeton 39 of them were cash buyers.
36 Cameron Court, Princeton NJ
Very well maintained Queenston Commons 3 bedroom 2 1/2 bath townhome. The home has many updates including a newer kitchen with birch stained cabinets, Corian counter tops as well as a trash compactor. First floor has a den, dining area and a large living room/great room that is awash with beautiful sunlight from the wall of windows. It also boasts a gas log fireplace that makes cozy nights sitting by the fire so very enticing. There is a new slider that leads you out to a magnificent Japanese garden. The first floor also has upgraded Berber carpet with hardwood floors underneath. The second floor has three nice sized bedrooms a master suite with a large walk in closet and master bath. There is another full bath and lots of closet space which completes the second floor. The full basement is partially finished with plenty of storage space. The home has carpeting and hard wood floors throughout as well as a central vacuum system. There are also custom bookshelf units throughout the home. The heating and air conditioning units are 2 years old The owner had a government sponsored energy audit conducted and as a result had the entire home fitted with energy saving insulation installed throughout the house and basement. Queenston Common boasts a swimming pool, tennis courts, putting green and a picnic area. It’s a short walk to Princeton center and close to public transportation and shopping. It’s an easy commute to NYC and Philadelphia.
Call Joe Plotnick for details: 732-979-9116.
Here are similar homes for sale in Princeton:
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56 Governors Lane, Princeton Home for Sale
This popular Governors Lane, Clark end-unit offers a formal, center-hall entrance leading into a large, sunny living room with marble gas fireplace, built-ins and adjacent dining room with bay window. Also on this floor is a sun-drenched renovated eat-in kitchen (stainless steel appliances, granite countertops, tile backsplash) with a unique solarium addition. The master suite encompasses the entire 2nd floor and includes spacious closets, a separate study/sitting room with fireplace and his & hers luxurious marble baths with walk-in shower and soaking tub. On the 3rd floor are two large bedrooms with huge walk-in closets, a shared spacious hall bath with tub and shower. Downstairs, basement is finished as a family room and office space. Additional features include hardwood floors throughout, chair-rail and ceiling moldings, and a lovely private slate patio. This is a truly elegant, carefree and convenient home. Call the Weichert Princeton office to preview this great Princeton townhouse. 609-921-1900.
Princeton, NJ Townhouses for Sale $500,000-$750,000
Call the Weichert, Princeton office to schedule a time to preview any of these great Princeton townhouses! 609-921-1900.
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Washington Oaks Homes for Sale Princeton, NJ
Want to live in Princeton’s desirable Washington Oaks townhouse community? Here is a list of the homes for sale.
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Princeton, NJ Newest Condo & Townhouse listings
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612 Brickhouse Road, Princeton NJ
Welcome to a great first floor end unit in desirable Washington Oaks. Close to downtown Princeton shopping and restaurants. Kitchen was beautifully updated in the past 2 years with granite counter tops, center island, appliances and cabinets. Hardwood flooring throughout and newer windows installed in 2007. Enter the master bedroom with a walk-in closet, spacious bathroom with both shower and soaking tub plus double vanity. Great natural light comes from the windows on both sides of this end unit with ceiling fans in the kitchen and both bedrooms. Crown molding in both living room and dining room. The full basement has lots of potential. Enjoy all the community has to offer with tennis courts and walking paths. Do not miss this great end unit.
Call the Weichert, Princeton office to make an appt to see this great Washington Oaks home. 609-921-1900.
Preview additional Princeton townhouses for sale here:
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