First Half Local Market Data: Sold Properties

  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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: