June 3, 2013
The first half of the year has literally flown by! We can remember anxiously waiting for what the spring market would bring and here we are about to start the lazy days of summer! But before we unwind and enjoy some of what summer has to offer, we have to say the market is still moving and shaking in Princeton. According to TREND MLS in the month of May there was a healthy 17% increase in the average sale price, units listed were +2%, units pending -10%, units sold -28% and the average days on market was +8%. Year-to-date through May the average sale price was +21% (remember the outliers), units listed were +5%, units pending +14%, units sold +21% and the average days on market was -18%.
So, what have we learned thus far? Bottom line, in this market a well-priced home will sell and maybe even garner enough interest to attract more than one potential buyer. We also witnessed the effects of supply and demand as tighter inventory was the story until April when 75 homes were introduced to the market. So what will the month of June bring? Will homeowners who decided to wait and see sell their homes before the end of the summer? Will buyers who have lost homes due to bidding wars continue to look? We can’t wait to see what exciting trends this spring market will continue to experience and to see how we will close out the 2nd quarter of 2013. Speaking of market, if you are thinking about buying or selling your home, or like us love statistics and want to learn more about Princeton and/or the surrounding areas, feel free to email us! Sig & Syl
June 1, 2013
Robin and Jon McConaughy, owners of the fabulous Double Brook Farm, have recently opened Brick Farm Market, featuring their own and other local farmers’ produce. It is a food lover’s dream. We love their motto “The food you want from the farmer you know.”In this day and age it is nice to not only support your local farmer, but great to know that the food you’re eating has been grown ethically and with lots of love. Double Brook Farm www.doublebrookfarm.com produces some of the finest beef, pork, chicken,lamb, turkey, cheese and vegetables this side of the Mississippi and now it is available at this gorgeous new market. At the market you will find: a butcher shop, produce & herbs, bakery, creamery, charcuterie, prepared foods (eat in or take away), juice and coffee. www.brickfarmmarket.com Living in the Princeton area is pretty amazing and just got even better. Their next venture will be a restaurant, Brick Farm Tavern. We’ll keep you posted!! Enjoy! Sig & Syl
May 1, 2013
We can’t believe it is May 1st and soon we will be celebrating Memorial Day! That is crazy! As you know it has been a busy spring market thus far, probably why time seems to be flying. Curious how the Princeton residential real estate market faired in April? According to TREND MLS, there was a healthy 6% increase in the average sale price and there was another +$2M sales last month. Units listed were +29%, average units sold +86% and the average days on market was down 36%. Which means we can now tell a new story! April experienced the first increase in units listed this year! 75 homes were introduced last month and when a well-priced home comes on the market, it is sells fast! So what will the month of May bring? Well, there are some great questions to ponder. Did homeowners decide to wait and see and are now eager to list their homes? Will buyers who have lost homes due to bidding wars be ready to pounce? We can’t wait to see what exciting trends this spring market will continue to experience. Speaking of market, if you are thinking about buying or selling your home, or like us love statistics and want to learn more about Princeton and/or the surrounding areas, feel free to email us! Sig & Syl
April 25, 2013
It’s time for annual post about one of our all time favorite events, Communiversity! We love the name, where community and university come together to support and celebrate everything local. It is this Sunday, April 28, 2013 from 1pm – 6pm, rain or shine!
Presented by the Arts Council of Princeton and Princeton University students, this is one event you don’t want to miss. Every year it attracts over 40,000 people, represents more than 200 artists, crafters and merchants from around the tri-state area and has 5 stages for live entertainment. We love the live music, delicious food and all the fun activities for kids of all ages. Watch our video if you’d like to get a little taste of what it’s like!https://www.youtube.com/watch?v=uww72zm1D5U Enjoy! Sig & Syl
April 1, 2013
It’s been a busy three months and we can’t believe the 1st quarter is behind us! So how did the Princeton residential real estate market fair Q1? According to TREND MLS, there was a 35% increase in the average sale price (ASP). That number is a bit deceiving as there was an outlier, a $5.9M sale. Without said transaction, the ASP was +19%. Interesting to note is there were 2 +$2M sales this year when the highest sale of Q1 last year was $1.495M! Units listed were -14%, average units sold (AUS) +31% and the average days on market (DOM) were down 23%. March followed the Q1 trend with ASP +22%, AUS +29%, DOM -32%. We know we sound like a broken record, but leaner inventory continues to be the story. And when a good house comes on the market, it is snatched up fast! This month, like last month, has been filled with bidding wars and quick sales. So what will April bring? Last April experienced the second highest number of new listings and I have a feeling the current market trend will continue. Speaking of market, if you are thinking about buying or selling your home, or like us love statistics and want to learn more about Princeton and/or the surrounding areas, feel free to email us!
March 1, 2013
146 Hodge is officially on the market!!! And to showcase this extraordinary home, we thought we would share this awesome before and after video. Before & After, the Transformation of 146 Hodge Road in Princeton, NJ, takes you on an amazing photographic journey of the renovation of this distinguished early 1900s home once owned by diplomat and historian, George Kennan. It is fitting that Princeton’s own master builder, Lewis Barber, steward the complete transformation of a home rich with such history and character. Viewer beware, after watching this video you may want to live there! Guess what, you can! For more information, please feel free to email for more details! You can also check out the floor plan for more information. Enjoy! Sig & Syl
March 1, 2013
While actual spring is just around the corner, the spring residential real estate market is definitely here! According to TREND MLS, there was a 30% increase in the average sale price (ASP) in February and like last month there was a $2M sale which definitely tweaks the numbers a bit. What is interesting to note is that we have already had 3 $2M+ sales this year and 7 in the last 6 months! Units listed were -18%, average units sold -13% and the average days on market were down 50% – yes, 50%! What does this all mean? Leaner inventory continues to be the story. And when a good house comes on the market, it is snatched up fast! This month has been filled with bidding wars and quick sales. So what will March bring? The last two years the month of March has experienced the highest units listed so we are all eagerly waiting for new inventory and can’t wait to see what will come on the market this month. Speaking of market, if you are thinking about buying or selling your home, or like us love statistics and want to learn more about Princeton and/or the surrounding areas, feel free to email us! Sig & Syl