Can you believe it is February 1st??!!

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It’s hard to believe that we are already one month into 2013! And it’s been a busy month for residential real estate in Princeton!  According to TREND MLS, Princeton experienced a 111% increase in unit sales (19 vs. 9) from 2012! While the average sale price (ASP) increased by 54%, it is important to note that there is an outlier in the 19 homes that sold in January; the American Boychoir School which sold for $5.9M.  If you exclude that particular sale, the ASP increased 16% ($810,910 vs. $699.777).  Units listed experienced a 27% decrease from 2012 and the average days on market was essentially flat – 120 days in 2013 vs. 122 days in 2012. Leaner inventories and the excitement of a new spring season is before us.  Like children on Christmas Eve, we wait eagerly to see which new houses are coming on the 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 email us! Sig & Syl

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