February 26, 2010
Regional Data Appears More Optimistic than National Data
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
Pennington NJ Homes for Sale
Homes for sale as of March 1, 2010 include 1 townhomes [Price Range: $298,000 to $298,000], and 19 single family homes [Price Range: $255,000 to $1,000,000], located in developments and in village settings.
Pennington,
NJ is a great community to investigate when searching for available homes for
purchase. The links to the right will afford you the option of contacting us
for information relating to the purchase or sale of a home. There is also a
link to a site to allow you to search for property in this area.
You will find many different styles of homes, ages of homes, and price ranges of homes are available in Pennington Township, New Jersey, located near Exit 4 of Interstate 95 in central New Jersey. The township is served by the US Postal Service as Pennington, NJ, with the zipcode of 08534. If you are looking for homes for sale, we hope to serve as your starting point for information on the various neighborhoods and houses for sale in Pennington.
An overview of the neighborhoods in Pennington and the variety of homes for sale are outlined at the neighborhoods button to the left. Feel free to check out the properties for sale and contact us for further information using the form at the bottom of the neighborhood's page.
It is currently March 10th 2010, 12:21 pm in New Jersey.
January 14, 2010
Updated Neighborhood Information
Sales data for the last two years has just been incorporated into the data supplied for each of Pennington Borough'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
Pennington currently has 24 homes for sale. Through today, there have been 22 homes sold so far this year. At this rate of home sales, it would take 12 months to exhaust the supply, making this a buyer's market. The average sales price has been $415,281 for homes were asking an average price of $467,336.
Information from TREND MLS - Information Deemed Reliable but Not Guaranteed.
Posted by: Bruce
Information on
neighboring townships: