West Windsor NJ Real Estate Market Report - June 2008 and First 180 Days 2008 I.West Windsor Real Estate Statistics June 2008 and First Half 2008  Summary   The West Windsor NJ real estate market report for June 2008 is important in the sense it completes the picture for the first 180 days of 2008 and also covers the usually busiest real estate market in the summer. The West Windsor real estate statistics show significant 26% decline in the number of houses listed for June 2008 and 12% decline for the first six months 2008, compared to the same periods in 2007. Sellers of West Windsor homes have been reluctant to put their houses on the market in the wave of the national reports of depressed home prices, credit problems and other economic troubles. This is similar to the real estate mar... 08/07/2008

Village Grande at Bear Creek is an SGS Community built in West Windsor, New Jersey in 1999. There are slightly over 500 detached homes with six basic designs. Facilities include a clubhouse, fitness center, indoor and outdoor pools.     Currently there are 7 homes for sale, ranging in price from $299,900 for a 2 bedroom, 2 bath home to $418,000 for a 3 bedroom, 2 1/2 bath home.   One home is pending.       Lisa Ryan, Your Princeton and Montgomery Real Estate Specialist Disclaimer: The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Lisa Ryan and Prudential NJ Properties.  Lisa Ryan and Prudential NJ Properties are not responsible for the accuracy or content provided by The Community. ********... 07/18/2008

  Monthly Statistics for the Date Range Selected Date Units Listed Listed Volume Listed Average Pended Units Sold Sold Volume Sold Average Average DOM June 2008 34 19,116,769 562,257 24 24 13,294,400 553,933 44 May 2008 58 35,909,792 619,134 40 34 18,608,500 547,308 78 Apr 2008 61 39,721,020 651,164 39 16 7,731,000 483,187 57 Mar 2008 56 34,122,536 609,331 34 21 9,532,840 453,944 83 Feb 2008 45 24,180,200 537,337 26 11 4,578,800 416,254 78 Jan 2008 40 23,799,853 594,996 10 20 11,222,854 561,142 93                   Totals: 294 176,850,170 601,531 173 126 64,968,394 515,622 72                     Inventory Accumulation for the Last 12 Full Months           Current Inventory * Inventory Volume Current Average Average Monthly Sales** Inventory Accumulation *** 148 93,089,792 628,985 29 5 ... 06/26/2008

West Windsor NJ Real Estate Activity First quarter results of residential sales, as compared to 1Q 2007 As compared to real estate activity in Mercer County, NJ Date coutesy of Trend Mls. Data is deemed reliable but not guaranteed. Lisa Ryan, Your Princeton and Montgomery Real Estate Specialist Disclaimer: The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Lisa Ryan and Prudential NJ Properties.  Lisa Ryan and Prudential NJ Properties are not responsible for the accuracy or content provided by The Community. ************************************************** Are you considering a move? It would be my pleasure to help you with your real estate needs. Serving Princeton Boro, Princeton Township... 05/10/2008

Please visit my Wordpress Blog at http://www.PrincetonRealEstateBlog.com for notes, trends & comments on buying & selling in the Princeton, West Windsor Plainsbor Montgomery area.  05/04/2008

  Market Statistics  Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMApr 200842,367,800591,95001345,000345,000100Mar 20085534,504,276627,35025198,830,840464,78186Feb 20084524,904,788553,43926104,222,800422,28078Jan 20084024,470,839611,770102011,222,854561,14293         Totals:14486,247,703598,942615024,621,494492,42988                   Inventory Accumulation for the Last 12 Full Months          Current Inventory *Inventory VolumeCurrent AverageAverage Monthly Sales**Inventory Accumulation ***13889,988,170652,088294*Current Inventory is based on the actual available properties on the date this report was created.**Average Monthly Sales is the average sales for the last 12 full months***Inventory ... 04/03/2008

Median Prices for Houses Sold in West Windsor NJ, Princeton Township, Princeton Borough, Hopewell Township, Hopewell Borough, Pennington, and Montgomery Township in 2004-20007.The media and the press over the past year have been providing the gloom and doom information about the real estate. Some acknowledge that real estate is local, yet still aggregate it to the national level, which to buyers and sellers in West Windsor has little relevance. What is important for the home buyers and sellers in West Windsor is to understand that real estate is hyper local. In West Windsor for the period 2004-2007 median price of houses (excluding condos) increased  3%.  Unfortunately, it also showed the largest decline in 2007. Hyper local market means that it could be different in the neighboring tow... 01/19/2008

Average Price Of Houses and Condos Sold in 2004 – 2007The prices of homes in the West Windsor NJ real estate market is an important issue for the homeowners. It is even more so on the minds of many now, given the economic uncertainties of the effects of the sub prime mortgage fall out and the possible recession. The price of the homes sold is one of the indicators of the real estate market.West Windsor for the period of 2004 - 2007 had a 14% increase in the average sale price. The largest increase occurred in 2005, followed by a smaller increase in 2006, when other towns had already started showing price declines. The 2007 average house prices in West Windsor have declined 4%.In comparison, Princeton average price has increased 3% in 2007; Hopewell showed an increase for the 2007 of 4%,... 01/16/2008

Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMJan 20080N/AN/A01298,750298,750161Dec 20072414,350,900597,95411229,899,850449,99399Nov 20072713,028,163482,524163315,921,901482,48165Oct 20073418,708,649550,254272514,339,499573,57950Sep 20074121,925,288534,763343217,808,838556,52659Aug 20075532,839,962597,090285030,225,119604,50268July 20075531,419,501571,263424827,702,843577,14276June 20075732,935,743577,820414122,279,327543,39876May 20075936,979,121626,764443619,275,290535,42463Apr 20076645,018,966682,105322815,710,400561,08585Mar 20075932,753,638555,146273113,757,365443,78587Feb 20075228,741,317552,71743136,530,818502,370106Jan 20076234,843,122561,98528209,770,200488,510105         Totals:591343... 01/02/2008

West Windsor Planning Board Approves New Jewish Community Center  The West Windsor Planning Board approved the construction of a New Jewish Community Center on an 82-acre tract off Clarksville Road. The new community center will include offices, a day camp, multiple athletic fields and facilities, a health and fitness center, 270 parking spaces for visitors and members, and all the other amenities of a full-service, non-denominational community facility.The plan calls for a main 77,000-square-foot building located on the central area of the property, with a smaller 7,000-square-foot building and numerous athletic fields located to the rear. It also includes general-purpose fields and open space for use in future township events. Before the project can break ground, it still needs to gai... 12/29/2007

Are you  looking for homes for sale, have questions about selling or want to know the real estate market conditions in Princeton Junction/West Windsor, Princeton, Hopewell and Montgomery?  Be smart about where you are looking for answers. Let me share a story.I was wondering the Internet and came across a question from a Princeton Junction seller on Trulia Voices. The question was whether to put his townhouse on the market now or wait till the spring 08. The answers were interesting: the out of state agent had an answer about affordability, the out of the immediate area agent said- wait till spring.  The agent in the immediate area (agent x) said:  list now and list with the best (guess who?). I never answered the Trulia questions before.  This one seemed right up my ally. I broke up th... 11/20/2007

West Windsor Redevelopment Project Update  The West Windsor Township Council and Planning Board held a joint public meeting on September 19 to discuss the redevelopment plan for the 350-acre area surrounding the Princeton Junction Train Station. The meeting, which was the first joint session since last June, showed that the two bodies are still very far apart in their vision for the project. The majority of the Township Council supports a redevelopment plan that includes only additional parking, a Main Street along Route 571, and traffic improvements. They believe any further plans, including a transit village, should be studied at a later date. The Planning Board, however, argues that any improvements to the area would be difficult to achieve without a larger plan including housing and... 09/27/2007

  WW Council Passes Set of Redevelopment Project Principles  In mid-August, West Windsor Township Council passed guiding principles and a strategic vision for the planning of the 350-acre area surrounding the Princeton Junction train station. Some of the principles included in the resolution specify that the project should:be a tax positive; be scaled to be consistent with residents' desires; have affordable housing that is visually and geographically integrated with the rest of the housing; address traffic congestion, Vaughn Drive connector, and traffic-calming features; preserve, if not strengthen neighborhoods within West Windsor; provide more parking for residents; preserve open space; remediate contaminated sites within the redevelopment zone; have a size, scale and design consonan... 08/31/2007

Market Statistics  Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMAug 200795,729,200636,577132,157,500719,16621July 20075532,771,040595,837344726,527,843564,42268June 20075734,127,293598,724383821,130,995556,07880May 20075937,761,570640,026433418,893,190555,68259Apr 20076443,382,868677,857312615,135,400582,13085Mar 20075632,024,625571,868273013,612,365453,74589Feb 20074828,481,817593,37142136,530,818502,370106Jan 20075934,193,411579,54927199,300,200489,484110         Totals:407248,471,824610,495243210113,288,311539,46880                   Inventory Accumulation for the Last 12 Full Months          Current Inventory *Inventory VolumeCurrent AverageAverage Monthly Sales**Inventory Accumulation ***1... 08/03/2007

Market Statistics  Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMJune 20075634,157,575609,956293619,576,950543,80473         Totals:5634,157,575609,956293619,576,950543,80473                    Pricing Details of Sold Units for the Date Range SelectedMinimum PricesMaximum PricesAverage Prices Original List Price : $239,000Original List Price: $1,070,000Original List Price: $568,247Sold Price : $229,900Sold Price: $1,031,000Sold Price: $543,804    Inventory Accumulation figures are only calculated when Report End Month is the current month   Market Statistics Criteria UsedDate Range:6/2007 to 6/2007Price Range:$1,000 to $150,000,000Property Category:ResidentialArea:West Windsor Twp   © Copyright ... 07/03/2007

Future of West Windsor Transit Village Appears Uncertain  At a joint meeting of the West Windsor Council and Planning Board on June 4, Hillier Architecture, the firm hired by the Township to plan a transit village at the Princeton Junction Train Station, said it is considering resigning from the planning process because of the increasingly contentious political climate in West Windsor. The May 8 election produced a new council majority of Councilmen Charles Morgan and William Anklowitz and Councilman-elect George Borek. The winning slate made their opposition to Hillier's plan for 1,000 residential units front and center in their campaign, and its voters responded. The team won all but three voting districts in West Windsor. Hillier says the apparent dwindling support for the project am... 06/22/2007

   Here is recent information,from the mercer County Association of Realtors, on an update to the West Windsor Township transit village. This, as in many housing projects today, has become both controversial and political  to all those involved.Hillier Unveils Plan for WW Transit Village Redevelopment Project  At the third planning workshop on April 19, Hillier Architecture revealed its latest redevelopment plan for the 350-acre area surrounding the Princeton Junction Train Station in West Windsor. The transit village proposal, which replaces four earlier concepts, includes 800,000 square feet of office space, 150,000 square feet of retail space and 1,000 housing units. The 1,000 residential units would be comprised of 600 unrestricted condominiums, 200 age-restricted condos and 150 apa... 05/07/2007

  Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMApr 20076042,073,129701,218182313,349,400580,40887Mar 20075632,923,663587,922273013,612,365453,74589Feb 20074829,163,405607,57040136,530,818502,370106Jan 20075934,813,122590,05226199,300,200489,484110         Totals:223138,973,319623,1981118542,792,783503,44496                   Inventory Accumulation for the Last 12 Full Months          Current Inventory *Inventory VolumeCurrent AverageAverage Monthly Sales**Inventory Accumulation ***179113,396,075633,497286*Current Inventory is based on the actual available properties on the date this report was created.**Average Monthly Sales is the average sales for the last 12 full months***Inventory accumulat... 04/29/2007

 Select your  West Windsor New Jersey property search criteria and choose daily or weekly updates, We'll automatically search the entire local MLS database and e-mail you every listed property West Windsor township matching your criteria. You'll know about the hottest properties first, often before many Realtors even know about them!To activate your free West Windsor Automated Home finder Service, click here.If you need to speak to someone live, call me anytime at   609-575-6323 03/07/2007

Well, it is beginning. Governor Corzine has not even signed the 20 percent tax benefit for homeowners and already a municipality has proposed to raise its property taxes 7.5 percent to $.29 cents per $100 assessed property value. That works out so that a home assessed at $574,800 would pay an extra $115: $1667. Where have these township people been? The Governor is has legislation on his desk that will force municipalities to only raise taxes by no more than four percent. Why create a budget that ignores that? This is the first work session for township officials so perhaps this is the wish list stage for them and serious trimming will occur after other meetings. The police and emergency services, municipal courts, and community development still have to be discussed. Hopefully, West Wi... 02/15/2007