So what happened residential real estate in Princeton in 2012?

The residential real estate in Princeton market experienced quite a year in 2012! According to TREND MLS,  pending sales and units sales were up for the 3rd year in a row! While the number of homes listed in 2012 were down -14% from 2011.  What about the average sales price(ASP)? Well, the ASP was $869,212, down 5% from 2011 and is now more inline with the ASP Princeton experienced somewhere between 2004-2005.  Interesting to note is that Princeton’s highest ASP in the last 12 years, $1,016,638, occurred in 2008.  So what does this all mean for 2013? Barring any natural and/or financial disasters we have a great feeling about 2013!  With such positive indicators as higher pending and unit sales, lower inventory and historically low interest rates, all signs lead to a healthier and more dynamic market.  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 contact us!  Happy New Year! Hope this year brings much joy and happiness! Sig & SylImage

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