July 23, 2010
Plainsboro Sees Gains in House Prices
With the first half of the year behind us, here is a look at how the real estate market is faring in Plainsboro, NJ. There have been 257 homes sold in the past 12 months for an average sale price of $381,787. The average asking price was $401,945 and the homes spent an average of 63 days on the market.
The previous twelve months (July 2008 to June 2009) saw a per-house average sale price of $375,879 for the 205 homes that sold. The average asking price was $402,158 and it took on the average 67 days for them to sell.
Just a quick glance will tell you that the number of homes sold increased 25% and the time on the market decreased slightly from year to year, and that the average sold price increased about 1.5%. While all this may be statistically true, it may also relate to the types of homes being sold.
Information from the TReND MLS is deemed reliable but is not guaranteed.
Posted by: Bruce
June 10, 2010
How To Sell A Home Sweet Home
Perhaps you are wondering: How you get a license? How do you join a company? What does it cost? and How do you make money?
For insights into the answers, visit Careers In Central New Jersey Real Estate. You will find information on Schooling, Licensing, and Careers Choices.
Posted by: Bruce
April 23, 2010
Home Search by Price Range
Homes From $250,000 to $500,000
Homes From $500,000 to $750,000
Homes From $750,000 to $1,000,000
Posted by: Bonnie
March 28, 2010
Use Google Maps to Search Homes for Sale
If you know which Plainsboro neighborhood you want to live in, it is possible using the added functionality of the Use An Atlas Search Page to focus in on a specific area in Plainsboro Township and discover the homes that are for sale there.
Posted by: Bruce
February 26, 2010
How Do National and Regional and Local Sales Data Differ?
Single-Family Homes and Condos
Single-family home sales fell 6.9 percent to a seasonally adjusted annual rate of 4.43 million in January 2010 from a level of 4.76 million in December, but are 8.6 percent above the 4.08 million pace in January 2009. The median existing single-family home price was $163,600 in January, down 0.4 percent from a year ago.
Existing condominium and co-op sales dropped 8.1 percent to a seasonally adjusted annual rate of 620,000 in January from 675,000 in December, but are 38.1 percent above the 449,000-unit level a year ago. The median existing condo price was $172,400 in January, which is 1.4 percent higher than January 2009.
Regional Performance
Existing-home sales in the Northeast fell 10.9 percent to an annual pace of 820,000 in January 2010 but are 22.4 percent above a year ago. The median price in the Northeast was $245,300, a gain of 8.8 percent from January 2009.
Posted by: Bruce
January 14, 2010
Updated Neighborhood Sales Information
Sales data for the last two years has just been incorporated into the data supplied for each of Plainsboro Township's neighborhoods. The number of sales have remained fairly constant, and as you would expect sales prices have generally declined as values are being affected by the national economy.
Posted by: Bruce
December 07, 2009
December 2009 Market Conditions
Plainsboro currently has 49 homes for sale. Through today, there have been 221 homes sold so far this year. At this rate of home sales, it would take only 2 months to exhaust the supply, making this a strong seller's market. The average sales price has been $366,906 for homes were asking an average price of $390,130.
Information from TREND MLS - Information Deemed Reliable but Not Guaranteed.
Posted by: Bruce
November 07, 2009
First-Time Homebuyer Tax Credit Extended and Expanded
It’s now official, Congress has extended and expanded the existing $8,000 homebuyers tax credit and the President signed it into law on Friday, Nov. 6th.
The new law extends the existing tax credit for Plainsboro area buyers who have not owned a home that was their principal residence in the past three years and adds some new criteria and qualifying homebuyers.
The $8,000 credit was scheduled to lapse on December 1st, 2009 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30, 2010 and close by June 30, 2010.
The income limits have been raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.
The bill also made more Plainsboro, NJ homeowners eligible to claim the credit on their taxes. First-time buyers — those who have not owned a home in the past three years — still qualify for an $8,000 rebate. But now people who want to trade up can also qualify. Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.
Posted by: Bruce
October 30, 2009
Plainsboro Quarterly Newsletter
The Plainsboro Reporter is a quarterly newsletter for residents that is mailed to all homes and businesses in the township. It is intended to keep residents informed of all municipal news, services and events throughout the year. If you have any questions or comments about the newsletter please contact the Township Administrator at 799-0909.
In addition to be mailed to all homes, the newletter is also available online as a PDF file. The Autumn 2009 issue is now available.
Posted by: Bruce
October 13, 2009
Luxury Homes in Plainsboro
Currently there are two homes priced over $1,000,000 for sale in Plainsboro.
One of them is in the Estates of Plainsboro and the other is located in Crossings at Grover's Mill East. Use the above link to delve further into the details.
Posted by: Bonnie
Information on
neighboring townships: