Princeton Real Estate
Looking to plan your open house tour? Here is a list of the Princeton homes that will be held open this weekend.
Have you thought about getting your Real Estate License? There is a course forming in Princeton starting on August 13 – August 24. The course runs every day from 9-4:30.
Want to sign up for this course? Fill out this form to let us know!
Here is the list of homes that closed in Princeton Boro and Township in June 2012.
| Address | Subdivision | Beds | Bths | DOM | OP | SP |
| 4345 Province Line Rd | None Available | 5 | 4.1 | 618 | $1,195,000 | $805,000 |
| 222 Mount Lucas Rd | None Available | 4 | 2.1 | 258 | $1,415,000 | $712,885 |
| 24 Andrews Ln | Andrews Foulet | 5 | 3 | 352 | $999,999 | $900,000 |
| 431 Ewing St | Princeton East | 4 | 2.1 | 153 | $649,888 | $600,000 |
| 42 William St | None Available | 1 | 1 | 196 | $499,999 | $450,000 |
| 185 Dodds Ln | Littlebrook | 4 | 4.1 | 164 | $999,000 | $950,000 |
| 67 Robert Rd | Riverside | 5 | 3 | 39 | $550,000 | $520,000 |
| 549 State Rd | None Available | 4 | 2 | 134 | $394,500 | $370,000 |
| 44 Park Pl | None Available | 2 | 1 | 146 | $495,000 | $465,000 |
| 30 Valley Rd | None Available | 3 | 2.1 | 115 | $465,000 | $420,000 |
| 49 Crooked Tree Ln | Herrontown Woods | 4 | 2.1 | 25 | $650,000 | $640,000 |
| 145 Philip Dr | Riverside | 4 | 2.1 | 44 | $949,000 | $940,000 |
| 87 Brookstone Dr | None Available | 6 | 4.1 | 77 | $1,800,000 | $1,500,000 |
| 649 Lawrenceville Rd | None Available | 5 | 2.1 | 55 | $799,000 | $800,000 |
| 111 Red Hill Rd | None Available | 4 | 3.1 | 48 | $669,000 | $630,000 |
| 131 Jefferson Rd | None Available | 3 | 1.1 | 53 | $625,000 | $575,000 |
| 65 Shady Brook Ln | None Available | 3 | 2.1 | 72 | $650,000 | $583,000 |
| 12 Woodland Dr | None Available | 3 | 2 | 68 | $590,000 | $565,000 |
| 30 Old Orchard Ln | None Available | 2 | 2.1 | 40 | $495,000 | $485,000 |
| 74 Allison Rd | None Available | 5 | 3.1 | 25 | $1,495,000 | $1,335,000 |
| 263 Hawthorne Ave | None Available | 3 | 1.1 | 10 | $579,000 | $555,000 |
| 175 Highland Ter | None Available | 6 | 6.2 | 22 | $1,899,000 | $1,725,000 |
| 61 Palmer Sq W | Palmer Square | 1 | 1 | 22 | $350,000 | $318,425 |
| 14 Sergeant St | Riverside | 3 | 2 | 43 | $718,000 | $716,000 |
| 245 Library Pl | Western | 5 | 6.1 | 7 | $2,295,000 | $2,476,938 |
| 37 Olden Ln | Institute Area | 4 | 2.1 | 10 | $895,000 | $880,406 |
| 267 Dodds Ln | Littlebrook | 4 | 2.1 | 8 | $849,000 | $845,000 |
| 268 Mount Lucas Rd | None Available | 3 | 2 | 35 | $375,000 | $320,000 |
| 235 Prospect Ave | Riverside | 2 | 2 | 11 | $739,000 | $739,000 |
| 31 Old Orchard Ln | None Available | 2 | 2.1 | 30 | $545,000 | $558,000 |
| 308 Western Way | None Available | 4 | 2.1 | 5 | $750,000 | $780,000 |
| 20 Constitution Hl W | Constitution Hill | 2 | 2.1 | 13 | $1,150,000 | $1,150,000 |
| 36 Pine St | None Available | 4 | 2.1 | 1 | $840,000 | $840,000 |
| 174 Jonathon Dayton Ct | Griggs Farm | 2 | 1.1 | 8 | $275,500 | $265,500 |
| 28 Audubon Ln | None Available | 6 | 7.1 | 201 | $2,500,000 | $2,500,000 |
*Information deemed reliable but not guaranteed. Not all sales made by Weichert, Realtors. Source, Trend.
Here are the latest Princeton Real Estate listings in Princeton that came to the market in the last seven days.
Tim McLaughlin, VP Weichert Financial Services
The long anticipated housing bottom appears to be upon us, according to the June Home Price Expectations Survey conducted by Pulsenomics LLC The survey, which consists of 114 responses by a group of economists, real estate experts, and investment and market strategists, is based on the projected path of the S&P/Case-Shiller U.S. National Home Price Index during the coming five years.
However, 56% of survey respondents also believe that, in five years, the U.S. homeownership rate will be below 65.4%, the rate recorded in the first quarter of this year. One in five believes the homeownership rate will be at or below 63%; the lowest rate on record is 62.9%, which was recorded in 1965. The June survey results also indicate that most of the panelists expect home prices to increase for the remainder of this year after falling 2% in the first quarter. “In June 2010, the average cumulative appreciation in U.S. home prices expected by our panel was 10.3% for the years 2012 through 2014,” says Terry Loebs, founder of Pulsenomics. “Now, two years later, the average prediction among our experts for the same period is just 3.5%. This translates into $1.25 trillion less housing wealth than expected nationally over the coming three years.”
The S&P Case-Shiller house price index rose 1.3% in April for the first time since August. “With April 2012 data, we finally saw some rising home prices,” said David Blitzer, chairman of the S&P index committee. Prices in 19 of the 20 cities rose from March to April, with Detroit being the only outlier. Prices in the Motor City fell 3.6% in the month of April. Since January, the median sales price of previously owned homes has gone up for four straight months, according to the National Association of Realtors. In May, the median price was $182,600, up 7.9% from a year ago. Additionally, the HPI published by the Federal Housing Finance Agency has edged up three consecutive months, including 0.8% in April.
Presented by Hendricks Davis.
On a lovely corner lot sits this very pleasant three bedroom, three bath recently updated colonial. A wrapping porch welcomes and leads inside to beautiful wood floors in the open living and dining rooms. The kitchen, with custom cabinets, stainless appliances, tile floor and granite counters, is also connected and open, making for convenient prep and entertaining. A tiled mud room provides good storage and access to the rear yard and patio. Upstairs are three nice bedrooms, all with good closet space. The renovated baths, one on each level, make for ease of living. All systems are updated and bring savings, including the three-zone heating. The full-height, finished walkout basement is great for entertaining, exercise or office, while the full attic awaits the storing of treasures or the plans of future owners! With its great school, amazing new pool, sports fields and playgrounds,CommunityParkis steps away. This home is a “best location” and close to all that is great inPrinceton!
Click here to make an appointment, see more photos or a map of this wonderful Princeton home.
Presented by Beatrice Bloom, Princeton’s Luxury Homes Specialist.
Click here for for more photos and floor plan of this wonderful Princeton home.
Prepare to be amazed! This custom built 4 bedroom, 4.5 bath home in the center of the Institute area is perfect for year round entertaining. The heart of this home is the large 2-story great room that lets in tons of light through both the translucent skylights and the extra-wide sliding glass doors out to both the front yard and enclosed paver-patio porch in back, which opens to the pool and yard. The great room features track lighting, surround sound, a built-in bar and gas fireplace. Easy access to the pool from the kitchen, which also has translucent skylights, Sub-Zero refrigerator and sliding windows that allow for pass-through, an entertainer’s delight! A carpeted den with gas fireplace and built in bar is perfect for relaxing. Additional bedroom with built-ins complete the first floor.
The bedrooms on the upper level can be accessed while walking along a balcony overlooking the great room! Master bedroom features gas fireplace, surrounding windows and separate patio with canopy for privacy and shade. A huge walk-in closet has tons of hanging and storage space, complete with translucent skylights and a built-in bench for dressing. The luxurious master bathroom boasts an oversized bathtub, double sink, sauna, steam shower with multiple shower heads and a panoramic view of the yard. Two additional bedrooms on the upper level are connected by a full bath.
Call Beatrice (609) 577-2989 -to schedule an appointment or click here to schedule an appointment to see this wonderful home.
Tim McLaughlin, VP Weichert Financial Services
The Federal Reserve announced Wednesday that they will expand its program to replace short term bonds with longer term debt by $267 billion through the end of the year in a bid to reduce unemployment and protect the expansion.
The continuation of Operation Twist “could help make broader financial conditions more accommodative,” the Federal Open Market Committee said in their statement at the conclusion of a two-day meeting in Washington.
“Growth in employment has slowed in recent months, and the unemployment rate remains elevated,” the FOMC said. “Household spending appears to be rising at a somewhat slower pace than earlier in the year.”
Policy makers led by Chairman Ben Bernanke are taking steps to shore up the world’s largest economy as faltering growth leaves it vulnerable to fallout from the European debt crisis and looming fiscal tightening in the U.S. Payrolls expanded at the slowest pace in a year in May, and the jobless rate has been stuck above 8 percent since February 2009.
Policy makers left unchanged their view that economic conditions will probably warrant keeping interest rates “exceptionally low” at least through late 2014. The FOMC has kept the main interest rate in a range of zero to 0.25 percent since December 2008.
The Fed said it is “prepared to take further action as appropriate to promote a stronger economic recovery and sustain improvement in labor market conditions in a context of price stability.”
The Fed said it will sell Treasury securities with remaining maturities of about three years or less. It will purchase securities with six years to 30 years remaining.
The Fed left unchanged its policy of reinvesting its portfolio of maturing housing debt into agency mortgage-backed securities.
Takeaway: While the market was anticipating a bazooka shot of infusion from the Fed, what they ended up getting was more like a slingshot. Nonetheless, rates still historically low.
Click here to search for a home in Princeton up to $600,000
Click here to search for a home in Princeton $600,000 – $900,000
Click here to search for a home in Princeton up to $900,000- $1.2 million
Click here to search for a home in Princeton up to $1.2 million+
4 Raymond Lane, Montgomery
4 Raymond Lane, Montgomery. Set among mature trees and professional landscaping lies this stunning 5 Bedroom, 5 bath home with luxurious details throughout. A double entry foyer welcomes you to an open floor plan and hardwood floors. Formal living room and dining room have coffered ceiling and molding details. Huge kitchen boasts stainless steel Viking 6 burner stove, granite countertops, large center island with seating, tons of storage space, and butler’s pantry area. Kitchen opens to a large breakfast area and great room with vaulted ceiling, bar area and wood burning fireplace with gas hookup. Other features on the main level include cozy den, office, full bathroom and laundry room with built-ins. Two staircases to the 2nd floor give access to five bedrooms, all with hardwood floors, molding, ceiling fans, walk-in closets and tons of light. The master bedroom is the ultimate in luxury with vaulted ceilings, a separate sitting room and two huge walk-in closets with custom closet systems. Spacious master bath boasts limestone floor, oversized jetted tub, double sinks with granite counter top, and a beautiful limestone tiled shower with room for a bench. Relax outside while sitting on a custom paver patio looking out on 5 acres of private land. This customized home features a three car attached garage plus additional three car detached garage that has space above that can be finished. Be amazed by both the luxury and comfort of this beautiful home!
Click here for more photos, a map of the location or to make an appointment to view this home.
Tim McLaughlin, VP Weichert Financial Services
Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of Realtors. NAR’s composite quarterly Housing Affordability Index rose to a record high of 205.9 in the first quarter, based on the relationship between median home price, median family income and average mortgage interest rate. This is the first time the quarterly index broke the 200 mark since NAR began record keeping in 1970.
Furthermore, NAR’s index shows the median income family, earning just under $61,000, could afford a home costing $325,500 in the first quarter, which is more than double the national median existing single-family home price of $158,100. The median monthly mortgage principal and interest payment for a median-priced home would take only 13.5% of gross income, given the level of where historically low interest rates are.
A companion NAR index measuring the ability of first-time buyers to purchase a home also set a record, with the first-time buyer index reaching 135.8 in the first quarter. “For those with good credit, we’ve never seen better housing affordability conditions or market opportunities than we see at present,” says NAR President Moe Veissi. ”
The US mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market and low interest rates aided borrowers.
The share of home loans at least 30 days late dropped to 7.40 percent from 7.58 percent in the previous three months, according to a report from the Mortgage Bankers Association. The rate peaked at 10.10 percent in the first quarter of 2010 and was last lower in the third quarter of 2008, when it was 6.99 percent.
“Delinquencies are clearly continuing to improve,” Michael Fratantoni, the group’s vice president of research and economics, said in a statement. “Newer delinquencies, loans one payment past due as of March 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future.”
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