February 26, 2010
Local vs. Regional vs. National Trends
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
Hightstown NJ Real Estate
Hightstown, NJ is a great community to investigate when searching real estate for sale.
You
will find many different styles, ages of homes, and price ranges of real estate to be available
in Hightstown Borough, New Jersey, located at Exit 8 of the New Jersey Turnpike
in central New Jersey. The borough is served by the US Postal Service as Hightstown,
NJ with the 08520 zipcode. If you are looking for homes for sale here, we hope
to serve as your starting point for information on the various neighborhoods
and property in Hightstown.
It is currently March 10th 2010, 01:59 am in central New Jersey.
Current Inventory of Homes
Properties for sale as of March 1, 2010 include 8 condominiums [Price Range: $189,000 to $209,900], 8 town houses [Price Range: $239,900 to $279,900], and 35 single family homes [Price Range: $120,000 to $484,900], located in the borough and several developments. The Robertson Douglas Group is building a new Enchantment development (active adult community) in the borough off of Wyckoff Mills Road. The ongoing construction of new homes in several developments in nearby townships, including the Estates at Princeton Junction and Centex's Elements at West Windsor (active adult), for which we now have pricing and floor plans, also affords you the option of purchasing a new home closeby.
An overview of the neighborhoods in Hightstown and the variety of real estate for sale are outlined at the neighborhoods button to the left. Feel free to check out the types for sale and contact us for further information using the form at the bottom of the neighborhood's page. We are ready to help you find out more about them and hope to be able to be of assistance when you decide to look at properties.
January 06, 2010
Updated Neighborhood Information
Sales data for the last two years has just been incorporated into the data supplied for each of Hightstown'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
2009 Real Estate Market
We are beginning to collect statistics for year end reporting and, preliminarily at least, the 2009 home market in the borough of Hightstown will look a lot like 2008 as the number of homes sold has held consistent in the 45 range. The number of homes on the market this year dropped from 135 last year to 128 in 2009. For comparison, in 2004 there were 150 homes marketed, and 97 of them sold.
With the current conditions, the stabilized rate of home sales combined with fewer homes on the market, will help reduce the inventory and continue to stabilize the Hightstown real estate market.
Posted by: Bruce
Information on
neighboring townships: