Curious as to the direction of the real estate market in Princeton, NJ? Want to know the impact of the new federal tax laws on home prices in the central NJ area? Joshua Wilton, Manager of the Weichert, Princeton office will be answering these questions and more. Join us for this informative seminar on Saturday March 3 at 10:45 am. Seating is limited so please rsvp by clicking here and letting us know. We look forward to seeing you soon.
It was a light closing month in January with only 12 homes settling.
As depicted in the graphic above the average sales price for homes in Princeton was $1.092 million and the homes that closed took an average of 100 days to settle. (click for a complete list of addresses and prices of the homes that sold in January).
The Princeton sellers whose home closed in January retained 92% of their original asking price. This is a couple of percentage points below the 2017 average.
The most popular model of home sold in January was colonials with 10 of the 12 being that model.
The biggest story in the Princeton real estate market right now is inventory…or lack thereof. The market is in a critical under supply mode. Market conditions favor sellers, especially sellers of homes in the more affordable price brackets.
Here are the latest homes to come on the market in Princeton:
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Want to appeal your property taxes?
Not sure of the process? Be our guest at our upcoming Seminar on the Residential Tax Appeal process. If you are a homeowner in Princeton or the greater Princeton area you will want to be at this informative seminar. RSVP is required as seating is limited. Click here to reserve your seat. We look forward to seeing you.
Manager, Weichert Princeton
Curious about the market trends in the Princeton, NJ Real Estate markets? Please be our guest tomorrow for our 2018 Market Forecast. We will be covering the new federal tax law as well as forecasting the real estate market in Princeton, West Windsor, Montgomery and other area towns. Click here to RSVP your seat.