Home prices in Princeton, NJ increased again last year and based on the current market conditions we expect more of the same this year.
Just Sold in Princeton’s Riverside Neighborhood
Just sold in Princeton’s Riverside neighborhood! 456 Riverside Drive sold before it even hit the market for $799,000! This mid-century modern home has it all! The lot is over 1/2 acre, four bedrooms and an open floor plan. The Princeton market is hot and the Riverside neighborhood is red hot!
Listed by Ingela Kostenbader and sold by Julie Harrison of the Weichert Princeton office.
Take a look at other Riverside homes for Sale:
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Princeton Real Estate Summary for December 2015
Click Here for a real estate summary for Princeton New Jersey during the month of December.
In December there were 32 Sold Listings.
The average Sold Price in Princeton was $1,001,594.
Houses were on the market for an average of 82 days.
For more information contact Weichert Princeton at (609) 921-1900.
Princeton Real Estate Market Update YTD 2015
Princeton NJ Real Estate Market Update, week of 4/7-4/13
A quick update on the Princeton, NJ Real Estate Market the week of 4/4-4/14:
There were 5 new listings in Princeton last week.
5 homes went ‘pending’ (under contract).
2 homes settled last week.
The average number of guests at our Princeton Open Houses this past week was a very strong 12, suggesting a continued high demand.
Here is a list of the latest homes to hit the Princeton market in the last seven days. As always, if you have real estate questions call the Princeton real estate experts. 609-921-1900.
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Princeton Real Estate Market Seminar Presentation, April 2014
Princeton Homes for Sale Year over Year View…
Did you know that the supply of available homes in Princeton is down nearly 40% from 2011? True! If you have every thought about selling your home in Princeton now may be the time! Contact us for details!
656 Prospect Ave, Princeton, NJ
Enjoy this charming and fully updated 4 bedroom, 2 1/2 bath colonial in desirable Riverside location opposite Carnegie Lake. An inviting foyer introduces the traditional floor plan with front to back formal living room with fireplace and a formal dining room. The cozy family room is carpeted and light filled. Access to the deck and yard is through the French doors in the living room or from the extended new and bright kitchen which includes a farmhouse sink, white cabinets, huge pantry, granite counters and new stainless steel appliances. The first floor also has a powder room. Upstairs, three bedrooms share a renovated hall bath while the master bedroom has two closets, a master bath with tub shower and with views of Carnegie Lake. The walk-up attic is a nice surprise providing office space with lots of customized shelves and additional storage. Throughout the property is an English garden which is ready to bloom. Hardwood floors, wood doors and moldings throughout the house are some of the special features, as well as the proximity to the lake, schools, town and transportation.
Take a look at the rest of the Princeton Homes for sale in this price range:
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March Market Update Seminar Presentation
The Sequester Effect and the Mortgage Sector
Tim McLaughlin, VP Weichert Financial Services
Much has been written about the automatic, across the board budget cuts contained in the Budget Control Act of 2011, otherwise known as “Sequestration,” but many critical questions remain regarding official interpretations of the legislation and how it will actually be implemented on an agency by agency basis. These include questions as to exactly which governmental spending accounts are or are not subject to sequestration, how deep the percentage reduction will be in the accounts that are subject to sequestration, how much latitude agencies have in selecting the specific expenditures that will be cut, and what the offsetting expenditures will be in implementing the proposed cuts.
Various estimates of the across the board cuts that would be required in programs subject to sequestration range between 8.5% and 10% for fiscal year 2013, with some going as high as 13.3%. But sequestration would impact different programs across the government in very different ways. With government grant programs such as Title I of the Elementary and Secondary Education Act, the impact can be estimated with some degree of precision. Others are not as easy to project. A great question is how will this impact the mortgage banking sector? Although mortgage bankers aren’t (yet) worried that the sequester will hammer applications, the Federal Housing Administration could be in for some adjustments. The Department of Housing and Urban Development and Ginnie Mae could be forced to furlough thousands of employees if sequestration spending cuts go into effect as scheduled on March 1.
HUD Secretary Shaun Donovan warned lawmakers recently that cuts in several agency programs, including the FHA single-family mortgage insurance program, would leave HUD short on staff and slow the delivery of services to numerous families, individuals and communities that rely on these programs.
Many of the 9,000 HUD employees in 81 field offices across the country would be subject to forced leave and other personnel actions, although sequestration plans are still under review, Donovan said. On the other hand, Ginnie Mae will also be hit by spending cuts, though not as significantly as HUD. An estimated $2 million would be cut from the agency’s Mortgage Backed Securities Loan Guarantee Program under the sequestration rules.
We will keep a watchful eye on this as the day progresses.