July 23, 2010
Hopewell Real Estate Market Over the Past 12 Months
With the first half of the year behind us, here is a look at how the real estate market is faring in the Hopewells. There have been 206 homes sold in the past 12 months for an average sale price of $456,062. The average asking price was $515,104 and the homes spent an average of 119 days on the market.
The previous twelve months (July 2008 to June 2009) saw a per-house average sale price of $493,037 for the 166 homes that sold. The average asking price was $546,387 and it took on the average 99 days for them to sell.
Just a quick glance will tell you that the number of homes sold increased and the time on the market also increased from year to year, and that the average sold price decreased about 7.5%. 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: Bonnie
June 10, 2010
Are You Thinking About A New Career?
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 29, 2010
Search by Price Range -- Homes for Sale in Hopewell
Homes From $250,000 to $500,000
Homes From $500,000 to $750,000
Homes From $750,000 to $1,000,000
Posted by: Bruce
March 28, 2010
Search Homes for Sale on a Map of Hopewell
If you know which Hopewell 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 Hopewell Township or Hopewell Borough and discover the homes that are for sale there.
Because it is based Google Map technology, it will allow you to zoom in and out and move the map around by dragging. Enjoy!!
Posted by: Bruce
February 26, 2010
National versus Regional Trends Do 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 06, 2010
Updated Neighborhood Sales Information
Sales data for the last two years has just been incorporated into the data supplied for each of Hopewell Borough and Hopewell 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 30, 2009
Real Estate Sales in Hopewell - 2009
We are beginning to collect statistics for year end reporting and, preliminarily at least, the 2009 home market in the borough and township of Hopewell will look a lot smaller than 2008 as the number of homes sold has dropped from 211 to 169. The number of homes on the market this year held constant in the 430 range. For comparison, in 2004 there were 504 homes marketed, and 316 of them sold.
With the current conditions, the stabilized rate of home being marketed and hopefully increased sales, this will help reduce the inventory and continue to stabilize the Hopewell real estate market.
Posted by: Bruce
December 07, 2009
December 2009 Market Conditions
Hopewell Borough and Hopewell Township currently have 204 homes for sale. Through today, there have been 155 homes sold so far this year. At this rate of home sales, it would take 15 months to exhaust the supply, making this a buyer's market. The average sales price has been $456,117 for homes were asking an average price of $512,207.
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 Hopewell 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 Hopewell, 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 29, 2009
Changes in Recylcing Announced
The MCIA is pleased to announce that as a result of our research and cost savings measures, effective January 1, 2010, the MCIA is switching from the current dual stream collection system to that of a single stream collection system. Single stream collection is a system that allows haulers to place all acceptable recyclable material in one truck, thereby reducing the amount of trucks on the road, reducing the personnel needed to collect the material and ultimately reducing the emissions from the trucks during normal operation.
Residents are still able to separate into the existing yellow and green buckets, or combine materials into one. Ultimately, there will be no changes experienced by the residents. Most importantly is the reduction in cost to each of our participating municipalities.
Posted by: Bonnie
Information on
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