It has been an interesting 2011 and we are looking forward to a good 2012. The housing market is inching back and the Princeton area continues to hold steady. In Princeton the number of units sold was up +8.4% from 2010 and the average sale price increased slightly with +3.3%. Interest rates are at an all time low and rentals at an all time high.
Voters in Princeton Borough and Princeton Township set a precedent in N.J. by voting to consolidate the two towns into a single municipality. This is good news as it is expected to save as much as 3.2 million dollars a year by combining the two governments and services. We are hoping the rest of New Jersey will follow suit and help reduce the debt! It is smart decisions like this that keep Princeton on solid ground now and in the future. All signs point towards 2012 as a great year to buy!
Cheers! Sig&Syl
Happy 2012
January 6, 2012
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The Residences At Palmer Square
November 22, 2011We never dreamed living in the heart of Princeton could be so easy! Thanks to the new Residences at Palmer Square this dream is now a reality. The Residences are a mixture of townhomes and condominiums designed with luxury and convenience in mind. Seven buildings in all and each with a unique floor plan. The townhomes offer up to 4500 square feet with up to 3 bedrooms and 3 ½ baths, private elevator, and access to on-site-garage parking. The condominiums offer up to 4100 square feet and access to on-site-garage parking as well. Finishes are the finest with granite countertops and Viking appliances in the kitchens, dramatic 9 to 10ft. ceilings and beautiful craftsmanship throughout. No luxury has been overlooked and the proximity to everything Princeton has to offer couldn’t be better. If you’ve been thinking of downsizing or have grown weary of dealing with a yard and all that entails, then this is the place for you. Or if you’ve been on the fence about buying, there are brand new units available for rent as well. To find out all of the fabulous details go to: www.palmersquareresidences.com. You can email us too as we’d be happy to give you a tour! Sigrid.Keough@hendersonSIR.com, Sylmarie.Trowbridge@hendersonSIR.com. Enjoy! Sig & Syl
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Price it Right!
October 28, 2011If you are thinking of selling your home, this is a must read!
We have seen it time and time again.
” My home is a very special home”… “There’s nothing else like it”… “Someone would be lucky and I mean LUCKY to buy this house”.
We have to admit, it is hard not to feel this way; after all it is your home. Selling a home is emotional on many levels, but as we are currently in a buyer’s market the most profitable strategy is to be as unemotional as humanly possible. After living through the last few years in the real estate business we have learned that one of the most important things a seller can do to achieve maximum dollars is to PRICE IT RIGHT from the start! Under current market conditions, statistics show that the number of days a properly priced home spends on the market is significantly less and the sale price is significantly higher, than a similar home that was initially priced too high. To determine a competitive price for your home we use a 5 metric average that takes into consideration all the market trends and statistics.
If you are interested in selling your home or would just like to know your homes current market value, we would be happy to share with you our expertise! Email us at: Sigrid.Keough@HendersonSIR.com , Sylmarie.Trowbridge@HendersonSIR.com .
Cheers! Sig & Syl
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Coffee Anyone?
September 27, 2011When thinking about moving to a new place there is one rather small,
but very important detail that we feel should not be overlooked. Where is the local coffee hangout? Not the chains, but the place that all of the
locals like to go to meet up with friends, have a chat and find out what’s happening in the community. In Princeton you only need to know three words, Small World Coffee! Owners Jessica Durrie and Brant Cosaboom, opened this vibrant community-centric coffee store in 1993 and
haven’t looked back. It is truly the heart of the Princeton community. Not only is the coffee amazing, roasted locally, but there is often live
music as well as fantastic artwork on display by local artists. You may run into a neighbor, a student, or a world renowned professor.
Honestly, Syl and I wouldn’t know what to do without our daily dose of Small World. Enjoy! Sig & Syl
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Let’s Buy a House!
May 26, 2011
It looks as if the perfect storm which has been going on for many years now may finally be coming to an end. Home prices don’t appear to be rising anytime soon, but interest rates do. Here are Sig &Syl’s top 3 reasons why now is a good time to climb off that fence and buy a house!
- Fed rates are set to go up later this year, combine that with inflation and mortgage rates are going to rise. The current affordability index is about as good as it gets!
- Since so many people have been on the fence about buying the rental market has shot through the roof. Rents just keep getting higher and higher.
- 20% down could become mandatory. That is what will happen if the restrictions in the proposed Qualified Residential Mortgage (QRM) regulation are implemented.
Life on the fence can be tiresome. If you’re ready to jump off we’d be happy to help! Sigrid.Keough@HendersonSIR.com and Sylmarie.Trowbridge@hendersonSIR.com
Cheers! Sig&Syl
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