Princeton Real Estate
Here is a list of the newest homes for rent in Princeton! These homes were all listed in the last seven days!
Want to make an appointment to see one, contact us right away…Princeton rentals have been leasing in less than 20 days on average!*
*Source: Trend MLS, information deemed reliable, not guaranteed.
How is the Princeton Real Estate market doing? Are more homes selling in 2012 v 2011? Here is a quick snapshot of the Princeton Real Estate Market!
| Homes Listed | Homes Sold | Average Sales Price | Days on Market | Total Sales Volume in $$ | |
| 2011 | 349 | 128 | $911,593 | 99 | $116 million |
| 2012 | 310 | 142 | $787,000 | 114 | $111 million |
Start that search for your next Princeton home right here!
Looking for that great rental home in Princeton…? Start your search right here. Here is a list of all the rental homes available in Princeton from $2000-$4000. Good luck with your search!
Tim McLaughlin, VP Weichert Financial Services
Home prices in the second quarter rose from the year ago period for the first time since 2007, according to a closely watched index, the latest indication the housing market is starting to recover.
The report released Tuesday found that for the quarter ending in June, home values were up 0.2% from the same period in 2011. Nearly one-third of the 167 metropolitan areas tracked posted annual price increases for the second quarter compared with the year ago period. Prices rose fastest in cities with fewer homes for sale and strong investor demand.
“It seems clear that the country has hit a bottom in home values,” said Stan Humphries, Zillow’s chief economist, who had previously forecast that housing wouldn’t hit bottom until late this year or early in 2013. The fact that the gains came during a period in which the economy wasn’t very strong suggests “there’s some fundamental organic strength to the housing market,” Mr. Humphries said.
According to Zillow, prices climbed 2.1% from Q1 to Q2, the largest such gain since the end of 2005. The Wall Street Journal’s quarterly survey of housing market conditions in 28 US metropolitan areas shows that inventories of unsold homes have fallen in every market and are down by more than 20% in two-thirds of those markets. Housing inventories are falling for several reasons. Banks have listed fewer foreclosed properties for sale as they have modified more troubled loans and approved more short sales. Foreclosure listings are down by 23% from one year ago to their lowest level since October 2009, according to research firm Zelman & Associates. Some investors are renting out those foreclosures, rather than flipping them for a profit, which also is putting a lid on inventories.
Looking for that perfect Princeton home? Here are the newest Princeton homes to hit the market! Enjoy.
Beatrice Bloom presents a charming single family home in Littlebrook School area offers a flexible floor plan with 3 bedrooms and 1 1/2 baths. Features include hardwood floors throughout, a spacious living/dining room with fireplace, a bright kitchen with tile floor and newer appliances, newer windows, a renovated bath, moldings and a detached 2 car garage, all on a beautiful private setting. The walk-out basement has laundry area and storage. The current owner uses the 3rd bedroom as a family room. Walk to town and schools from this great Borough location. For more information and floor plans go to: 3leavittlane.info
Searching for a Princeton Rental…? Here is a list of the newest rental listings to hit the market in Princeton, NJ.
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 are Princeton’s newest listings all listed in the last seven day! Enjoy!
Here is a list of the most recent listings in Princeton. All of these Princeton homes were listed in the last seven days! Enjoy.
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.
