May 08, 2012
18 Leiv Eirikson Avenue, Princeton, NJ 08540
There may have been some confusion, but the property listed for sale at 18 Leiv Eirikson is not in Princeton Borough or Princeton Township. A person needs to be careful when searching for property with an 08540 zip code as it could be physically located in a number of different townships in Central New Jersey. The property is in Franklin Township, just north of Princeton.
Posted by: Bruce
April 19, 2012
Fewer Homes on Market in First Quarter of 2012
Princeton Borough and Township went along with the trend in Mercer County with fewer homes listed for sale compared to the same quarter a year ago. Almost all the other muncipalities in the county continued the trend of fewer listings than the previous yearly quarter. The number of new listings for the first quarter was 118 residences compared to 141 in 2011. The comparison of quarters for the county showed 1,572 homes newly on the market this year in contrast to 1,726 houses in 2011.
We will continue to keep an eye on this for you.
Posted by: Bruce
March 21, 2012
Princeton Websites
For up to date information on the issues facing township residents, access the Township of Princeton website. For up to date information on the issues facing borough residents, access the Borough of Princeton website.
Posted by: Bruce
February 27, 2012
HouseLogic Website from NAR
The National Association of Realtors (NAR) has developed a site called HouseLogic with information and guidance for home buyers. There are articles with advice on Financing, Searching, and Preparing for Homeownership.
This month they are featuring an article on how to Negotiate Your Best House Buy.
Posted by: Bruce
February 08, 2012
The Demographics of Princeton, New Jersey
The New York Times has an application called Mapping the 2010 U.S. Census that will allow you to browse population growth and decline, changes in racial and ethnic concentrations and patterns of housing development based on changes in the United States census. It will also allow you to view the percentage of homes that are vacant and those that have only one occupant. All in all a very neat little tool developed by Matthew Bloch, Shan Carter and Alan McLean using the data from the US Census Bureau and application help from socialexplorer.com . Just type in the 08540 or 08542 zip code in the box on the upper right side and you are off exploring.
Posted by: Bruce
January 05, 2012
Neighborhood Sales Prices in the Towship and Borough for the Last Two Years
The final selling prices of homes and numbers of homes sold in the various sections of Princeton township and borough for the last two years have been updated in the Neighborhoods section of this website. The numbers and averages for the entire township for the year 2011 can be found at this page concerning statistics for the entire township. The numbers and averages for the borough for the year 2011 can be found at this page concerning statistics for the borough. Yes, Virginia, all real estate is local.
Posted by: Bruce
November 17, 2011
Housing Market Update
There is currently a 10 month inventory of homes for sale in Princeton borough and township. There are 200 homes available but at a rate of only twenty selling per month, it will take that long for the current listings to sell. The current average list price is $1,370,778 with the average sale price in the last year at $880,880. It has been taking on average 99 days for the homes that have sold to find a buyer. These statistics make it a buyers market in Princeton.
TREND MLS - Information Deemed Reliable but Not Guaranteed.
Posted by: Bruce
October 22, 2011
Weidel Spooktacular
A little blatant advertising coming up. Weidels Hopewell Valley office is hosting a Spooktacular on Friday, October 28th from 4:00 pm til 7:00 pm. There will be Food, Face Painting, Music, Prizes, and other treats. Being held for our customers and for the community at large, we invite you to bring your little ghouls and goblins for pumpkin painting. The event is held at our office in Pennington located across Route 31 from the Pennington Market. The rain date for the affair is on Saturday, October 29th, same time - same place.
Posted by: Bruce
July 13, 2011
The Princeton Real Estate Market Statistics
Well, we are halfway through this year. How are things stacking up against last year?
In the Princetons, both borough and township, we have had 240 sales in the past 12 months compared to 242 in the preceding twelve months. The average sale price has risen from $866,705 to $915,794 and it is taking 98 days for the average sale to get a contract compared to 116 days in the previous 12 month span.
This makes it a tremendous buyers market with 516 homes available and interest rates at historically low levels. Check out the homes on the market.
Posted by: Bruce
May 29, 2011
Price Range of Princeton Homes
Homes From $500,000 to $750,000
Homes From $750,000 to $1,000,000
Posted by: Bonnie
Information on
neighboring townships: