Princeton, NJ Real Estate News

By Gloria Laughton Allston, Realtor(NJ)/Broker(NY)
(COLDWELL BANKER RESIDENTIAL BROKERAGE)
There seems to be a growth in the House Sitter profession in light of the length of time it takes to sell property these days.  The media is circulating stories about squatters and/or homeless people setting up residence in vacant houses as well as vacant Staged homes being burglarized. House sitting is an interesting and troublesome concept from the Real Estate Agent's perspective because (1) at what point should an Agent bring up the subject of using a House Sitter; (2) how should an Agent or homeowner go about finding a reputable House Sitter; (3) what will the Agent's liability be in participating in the selection of a House Sitter; and (4) who should prepare the House Sitting agreement? GLORIA LAUGHTON ALLSTON, REALTOR, GREEN, SRES
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By Jerel Washington, The Key to your Real Estate Success
(Fine Homes & Estates Team | kw)
That was Easy! Without too much issues the attorney review process worked out okay.  Nothing too major, an additional parcel of land is now included in the sale of the house...  GREAT to help it Appraise later, The Lot size is now DOUBLE!!!  Can't make anymore land so that was an important win for us.  The transfer of title will also include a personal property item...  which includes an additional parcel of land.   I love this business...
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By Gloria Laughton Allston, Realtor(NJ)/Broker(NY)
(COLDWELL BANKER RESIDENTIAL BROKERAGE)
Well I have completed the 3 days of training and passage of the 2 exams required to have the National Association of Realtors (NAR) give me the "green light" to call myself a "GREEN" Realtor.  Now I am anxiously awaiting the NAR Green Designation Member Kit which should arrive in 3-4 weeks.  The Green REsource Council of NAR provides oversight re this designation as well as provides the tools to help the "GREEN" team become suitable ambassadors of the movement toward sustainable homes and communities.  Next steps - contribute to a better quality of life for future generations.
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By Jerel Washington, The Key to your Real Estate Success
(Fine Homes & Estates Team | kw)
Today I am writing a very difficult contract on a Princeton Property.  Boy I love this work, running back and forth to the township office, Zoning, Planning, Assessors office and the Tax office...  get more details at www.JerelWashington.com. 3/31/09 - The Offer was accepted!  Hurray...  now we just need to get it to closing.  Wish us LUCK! Next is Attorney Review: What's that?  Well in New Jersey... (Right from the License Book - Chapter 9 Contracts (Principles and Practices of New Jersey Real Estate by Frank W. Kovats, DREI) ATTORNEY REVIEW has to do with Preparing Contracts.  Real estate agetns are recognized tohave limited authority in the preparation of contracts and in the rendering of advice relative to their area of expertise.  Any person who engages in the practice of law (as i...
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By Gloria Laughton Allston, Realtor(NJ)/Broker(NY)
(COLDWELL BANKER RESIDENTIAL BROKERAGE)
I hope that I am not being overly optimistic but it looks like the home shoppers are starting to come out in full force.  All of a sudden my phone is jumping, my email Inbox is full of inquiries, and the Showing Desk in my office is very busy making appointments.  I know that we are now moving into Our Season but could it be that the housing slump is leaving NJ?  I like to believe that buyers are anticipating a surge and they don't want to miss out on any opportunities to snap up those lovely bargain-priced homes that have been drastically reduced from original asking. We have a lot of inventory that has to be absorbed so let's keep those buyers interested and happy.   Gloria Laughton Allston,SRES  Burgdorff ERA-Princeton www.Centralnjhomes4u.com
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By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
Princeton borough homes for sale continue to be in demand by the home buyers looking to be in the downtown Princeton. This is an overview of the market statistics now and at the for the 2008. People considering buying a home in Princeton Borough could find many various prices categories, although there are only 25% homes for less then $500,000.  Princeton Borough homes for sale -Single family homes* There are 25 homes on the market now The minimum listing price is  $321,000 for a two bedroom 1 bath houses on 7 Lytle street. the maximum listed price is $3,595,000 for a six bedroom, 7/1 bathrooms house on 17 Hibben street The median price was $800,000 for Princeton Borough single family homes sold in 2008. There are 4 houses for less then $500,000 There are 2 houses in the $500,000 to $70...
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By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
There are many reasons why we always get requests for Princeton Borough homes from buyers who are looking for homes for sale in the Princeton area . The reasons are the college town feel  of the downtown Princeton where most shops, restaurants, meseums, galleries, Princeton University and princeton schools are within walking distance. Others reason Princeton Borough homes for sale are so popular is because of the lifestyle they afford combining the urban city convenience of and the quiet serenity of a small suburabn town If you live in Princeton borough, you would most likely be able to walk to the Princeton Library, Princeton High school, and all the downtown Princeton restaurants and shops. The commute is also very convenient. There is a train called Dinky, which goes from the Princet...
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By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
If you are considering buying a townhouse in Princeton NJ - this is an overview of what Princeton townhouses for sale you could find in MLS. Princeton NJ is an attractive choice for many home buyers because it offers not only single family homes but also a wide choice of condos and townhouses. Princeton townhouses could be found in many neighborhoods and many price ranges. The first time home buyers often seek these Princeton NJ homes for sale, because they represent the entry point for real estate in Princeton.  There are other buyers who are interested in these homes because they are looking to minimize home maintenance, or because they are downsizing. There are luxury townhouses such as in Governor’s Lane, with prices in the over $700,000 range. Homes in Princeton Ridge on the Stonew...
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By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
New Jersey Real Estate Housing Report For Princeton 2003-2008 Princeton Real Estate Homes presents the market report for the 2008. We analyzed  the Princeton real estate market statistics results and compared them to previous years. Princeton real estate, unlike many places in the country, has good news to report. Thinking of selling your Princeton home soon? Looking to buy real estate in Princeton? This post is for you. Here are a the highlights. Princeton real estate market 2008 highlights Average price of the homes sold in Princeton in 2008 was 1,006,832- a 10% increase compared to 2007. This is good news, but not an indication that if bought your home last year, you can sell it for 10% more. Read: Understanding Princeton real estate prices. Average price of the homes sold in Princet...
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By Christine O'Shea
(Christine E O'Shea Broker)
  Market Statistics for Princeton Township, NJ  2008 Listed Properties for the year 2008 were 287. Pending Properties for the year were 154 and Sold Properties were 162 with an average price of $1,030,606 and an average days on market of 104. Market Statistics for Princeton Borough, NJ 2008 Princeton Borough saw 127 listed properties for the year 2008 with 74 pending and 72 Sold.  The average sale price of a property in Princeton Borough was $985,499 with average days on market of 95. Photo Property of Christine O'Shea 2009 All Rights Reserved Market Statistics taken from TRend MLS Interested in Princeton New Jersey Real Estate or have any questions about what is on the market in Princeton, Mercer County or Central NJ, contact me today coshea@nationsrealtors.com for all your real estate...
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By Jerel Washington, The Key to your Real Estate Success
(Fine Homes & Estates Team | kw)
Today a co-worker / co-agent asked me if I like working with a team better than being alone.  This caused me to thing a bit and I had to ask the following questions to the agent: Why do you ask the question? Are you thinking of joining a team? Would you like to join my team? What advantages do you think being on a team affords that working alone does not? Same question but vice-versa! I had to think of my own answers and here is what I came up with: WHY ASK THE QUESTION?It's important to understand why teams exsist.  For some its the team work model, for others its the mentoring and flexibility that having peers near by brings.  There is also a security element to being on a team.  How does that saying go...  Together Everyone Achieves More!...  Well its true, a well organized team mult...
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By Christine O'Shea
(Christine E O'Shea Broker)
The Princeton Governors Mansion, Drumthwacket, is open for Visitors in December. Reservations are required and filling up quickly.  You can visit the web site at www.drumthwacket.org or call 609-683-0057 for reservations. This yhears theme is Peace on Darth.  The mansion is decorated by New Jersey's finest garden clubs including Hunterdon HIlls. Visitors can stroll thru the mansion at their own pace and it will be decorated with natural garden materials.  I am especially interested in seeing this since I have decorated my home in mostly natural materials this season. Drumthwacket was built in 1835 on the land that witnessed the Battle or Princeton and is rich in History. Hope to see you there.
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By Christine O'Shea
(Christine E O'Shea Broker)
The other evening we took a drive thru Palmer Square in Princeton, NJ. It is absolutely beautiful.  You have to excuse my non photo of the tree, I did not have my camera with me.  The tree is lit with beautiful colors, all of the shoppes are tastefully decorated,  There are wreaths everywhere and it is a wonderful sight to behold. I am planning on doing a walking tour and taking photos later this week or beginning of next, but in the meantime, if you are in the area and have a free moment, drive thru.  If you have even more time, park and take a walk, stop at one of the dining places or get cup of coffee.   Wonder what is going on in Palmer Square check out this link for all the holiday happenings.  I guarantee if you are not in the spirit now, you will be.   Photo courtesy of microsoft...
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By Christine O'Shea
(Christine E O'Shea Broker)
Sunday, was a blustery low 40 degree day in Central New Jersey.  Saturday had been a warm and sunny 70. No, I am not a weather commentator, just a "Returning Jersey Girl" taking in the wonder of an early winter day after spending last winter in sunny Naples Florida. Saw a bumper sticker there once it said "Jersey Girls don't pump Gas" My blood is slowly thickening to the cooler Jersey weather, especially after the early snowfall in mid October. Yesterday was a farm day reminiscent of past farm days in Central New Jersey from prior years.   I spent most of the day and evening outside.  I did some raking and mucking and laid down straw for the animals.  Quality time with the horses feeding them carrots and doing some other chores before cleaning up to go out to one of my favorite restaura...
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By Christine O'Shea
(Christine E O'Shea Broker)
A recent stroll down Library Place, Princeton Borough, camera in hand snapping photos of the beautiful homes with their individual architecture and leaded glass windows lead me to search tax records in our Trend MLS to see what has sold on this street of 31 houses. On February 29, 2008 one property on Library Place sold for $3,100,000.  The property had been in the same family for generations and featured five fireplaces and an elevator. Prior to that in August of 2007 a similar property sold for $3,250,000. Needless to say, properties in this elete area of town do not come on the market often. However, if you are interested in finding a home in Princeton Borough or Library Place, please contact me at coshea@nationsrealtors.com and I will be happy to help you find the home of your dream...
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By Christine O'Shea
(Christine E O'Shea Broker)
When I think of Witherspoon Street in Princeton Borough, I immediately think of Princeton Medical Center. I did not realize that there was a real life John Witherspoon until I took a tour of the Princeton University Campus. John Witherspoon was one of the signers of the Declaration of Indenpendence along with a being the sixth President of Princeton and from 1786 to 1782 a leading member of the Continental Congress. Originally from Scotland where he was an ordained minister he came to Philadelphia in August of 1776 and then moved to Princeton. Central New Jersey, Mercer County is rich in history and our founding fathers contributed to making this country what it is today. A trip down Witherspoon Street, its shoppes, offices and restaurants will now remind me of the founding fathers of t...
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By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
Why some Princeton homes sell quickly while others languish? Worst yet, why some of the Princeton homes for sale don't sell at all? These are the frequently asked questions by those selling or contemplating a sale of their Princeton real estate. This year-to date in Princeton Township and Borough there were 327 Princeton homes for sale listed and 186 homes sold. This means approximately 43% of Princeton real estate did not sell and the homes were either withdrawn or expired. So, how as a home seller you could be part of the successful 57% ? One thing you could do is to examine some of the Princeton real estate success stories.Read: Why Some Princeton Homes Sell Quickly? Here is a case of the home I marketed recently - under contract within one week. The home was on the market 2 years ag...
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By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
This Princeton real estate housing market report may be the only report with some good news amid the financial crisis engulfing the country. The positive news is the 8% increase in the median house price  and the 6% increase in the average home price in Princeton Township in the 3d quarter 2008 compared with the same period in 2007.  The question  "How is the Princeton real estate?" is something I get asked at least half a dozen times daily. I was happy my answer for this article had some good news. Princeton NJ Mercer county real estate report has been developed to cover the results for the third quarter of 2008. This report details the prices of Princeton NJ homes for sale, trends in the numbers of homes sold, the average  days on the market it took to sell the house and the rate at w...
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By Desiree Daniels
(RE/MAX Tri County)
  Monthly Statistics for the Date Range Selected Date Units Listed Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Sep 2008 11 1,225,990 7 9 4,919,500 546,611 105 Aug 2008 8 790,987 7 8 7,383,050 922,881 128 July 2008 8 621,875 7 14 14,485,500 1,034,678 74 June 2008 13 944,769 5 10 9,285,250 928,525 104 May 2008 22 1,008,517 10 7 6,461,000 923,000 80 Apr 2008 8 1,174,673 10 5 6,360,000 1,272,000 86 Mar 2008 11 1,018,253 14 3 2,019,000 673,000 80 Feb 2008 14 1,109,321 2 2 3,617,000 1,808,500 71 Jan 2008 13 1,242,403 3 3 7,754,000 2,584,666 81                 Totals: 108 1,032,760 65 61 62,284,300 1,021,054 93                     Inventory Accumulation for the Last 12 Full Months           Current Inventory * Inventory Volume Current Average Average Monthly Sales** I...
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By Christine O'Shea
(Christine E O'Shea Broker)
On a rainy Thursday afternoon, I met friend, Janet and her sons at Tre Piani Restaurant in Princeton, NJ. Tre Pianiis located 120 Rockingham Row, Princeton Forrestal Village, Princeton, NJ.  Their Web Site speaks for itself and will give you all the information you need. I am not a restaurant critic, but this restaurant is wonderful.  It has been open for quite some time and several years ago Maurice and I went there for lunch.  Janet's son, Mike, is a cook there and I have known him since he was less than one year old.  It is so great to watch someone grow up and have such a passion for what they do, Mike completed his culinary training last year in New York. Mike's specialty is pasta so I ordered the Pappardelle with wild mushrooms and mascarpone cheese, it was out of this world and t...
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