First Half Local Market Data: Sold Properties

July 22, 2007
  1st Half 2007 1st Half 2006 1st Half 2005 % Diff. ’05-‘07

Hamilton

535

548

591

-9.5%

Trenton

350

493

562

-37.5%

Washington

118

104

118

EVEN

Bordentown

60

93

81

-25%

Burlington Co.

2814

3375

3699

-24%

Mercer Co.

2053

2251

2521

-18.5%

In my opinion, Washington is “even” with 2005 do to the appeal of their beautiful new Robbinsville High School, while Trenton is so far below the norm due to the investors/ speculators leaving the market. They left the Trenton market when the city reinstated their C.O. policy, which had been missing for a couple years, making life easier for investors when they flipped property.  Hamilton is outperforming the market due to affordability and desirability factors.