Real Estate Blog - Cherry Hill, New Jersey Homes Sales: September 2009 by Leander McClain, Realtor

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Cherry Hill, New Jersey Homes Sales: September 2009 by Leander McClain, Realtor

Cherry Hill by Leander McClain Realtor

Cherry Hill Home Sales Report

September 2009

by Leander McClain.

Whoever said that real estate was not selling, forgot to tell the buyers in Cherry Hill, NJ. Over the past month, 71 homes have sold. I've had people tell me that Cherry Hill is an expensive town. However, 17 of the houses that sold were under $200,000. The average price of the homes sold was $271.000. I think those prices are excellent.

A very important thing to notice is that the average property in Cherry Hill sold for 95% of the asking price. This means that homes are begining to be priced correctly. Buyers should be aware that homes in Cherry Hill will most likely not be available for rock bottom prices of 50% of the asking price (of course there are exceptions). Sellers should be aware that homes that are priced correctly are selling quickly. the average time it took to sell a home in September was 83 days.

If you are ready to start looking for your dream home or you are ready for your current home to become someone else's dream home, Call Me Today. We will set up a mutually convenient time to meet and discuss your plans for the future. I will let you know if I can help you make your dreams come true.

Have a great day

Address	Bedrooms	Bathrooms	Asking Price	Sold Price	Subdivision	Days on Market	Seller Assistance
222 Ocean Ave, Cherry Hill, NJ	4	2.5	$259,000	$256,000	Apple Hill	26
21 W 6th Ave, Cherry Hill, NJ	2	1.0	$149,900	$149,900	Ashland Village	65
112 Pine Valley Rd, Cherry Hill, NJ	4	3.0	$319,000	$300,000	Barclay	154
7 Kaywood Ln, Cherry Hill, NJ	4	2.5	$325,000	$315,000	Barclay	49
123 Pearl Croft Rd, Cherry Hill, NJ	5	2.5	$355,000	$355,000	Barclay	22	$10,000
201 Gravel Bend Rd, Cherry Hill, NJ	5	3.5	$419,900	$420,000	Barclay	7
224 Centura, Cherry Hill, NJ	2	2.5	$154,500	$152,000	Centura/cotswold	197	$6,000
821 Chanticleer, Cherry Hill, NJ	2	2.0	$194,900	$183,500	Chanticleer	60	$6,000
1609 Chanticleer, Cherry Hill, NJ	3	2.5	$255,000	$255,000	Chanticleer	132	$3,000
420 Jamaica Dr, Cherry Hill, NJ	4	2.5	$269,000	$263,500	Cherry Hill Estate	193	$7,000
408 Hialeah Dr, Cherry Hill, NJ	4	3.5	$315,000	$315,000	Cherry Hill Estate	82	$10,000
2112 Aqueduct Ln, Cherry Hill, NJ	4	2.5	$384,900	$372,500	Cherry Hill Estate	14
128E Cherry Parke, Cherry Hill, NJ	1	1.0	$79,900	$70,000	Cherry Parke	396
103B Cherry Parke, Cherry Hill, NJ	2	1.0	$108,000	$99,000	Cherry Parke	48
104C Cherry Parke, Cherry Hill, NJ	2	1.0	$112,900	$106,500	Cherry Parke	56
11 Todd Ct, Cherry Hill, NJ	3	2.0	$239,900	$237,000	Cherry Run	26	$7,000
1101 Garfield Ave, Cherry Hill, NJ	4	2.5	$269,900	$257,000	Cherry Valley	176	$2,000
204 Henfield Ave, Cherry Hill, NJ	3	1.2	$269,900	$250,000	Cherrybrook	65	$5,000
7 Ambler Rd, Cherry Hill, NJ	4	2.0	$242,900	$223,000	Colwick	193	$8,000
7 Colmar Rd, Cherry Hill, NJ	3	2.0	$259,000	$259,000	Colwick	111	$5,000
16 Fairhaven Ct, Cherry Hill, NJ	3	2.5	$299,900	$280,000	Country Walk	79
136 Valley Run Dr, Cherry Hill, NJ	3	1.5	$225,000	$215,000	Erlton	169
403 Tuvira Ln, Cherry Hill, NJ	3	2.5	$263,500	$250,000	Europa	158
15 Buckingham Pl, Cherry Hill, NJ	3	2.5	$319,900	$310,000	Europa	29
1216 Cropwell Rd, Cherry Hill, NJ	3	1.5	$166,900	$165,000	Fox Hollow Woods	111
103 En Provence Ct, Cherry Hill, NJ	4	4.1	$850,000	$805,000	Frenchmans Pointe	53
515 Kings Croft, Cherry Hill, NJ	4	2.5	$225,000	$217,500	Kings Croft	20
405 Kingston Dr, Cherry Hill, NJ	3	1.0	$192,500	$192,500	Kingston	6	$5,000
823 Richard Rd, Cherry Hill, NJ	3	1.5	$239,700	$235,000	Kingston	17	$4,000
204 Kingsley Rd, Cherry Hill, NJ	3	1.5	$239,900	$238,000	Kingston	6	$5,000
12 Bellows Ln, Cherry Hill, NJ	5	2.5	$264,900	$247,500	Knollwood	20	$10,000
26 Knollwood Dr, Cherry Hill, NJ	4	2.5	$263,500	$257,000	Knollwood	23
11 Crestview Dr, Cherry Hill, NJ	4	2.5	$299,900	$285,000	Lakeview	181
1840 Frontage Rd 1809, Cherry Hill, NJ	2	1.0	$114,900	$108,000	Mark 70	16
1205 Farrell Ave LOT 1, Cherry Hill, NJ	2	1.0	$55,900	$40,000	None Available	99
21 Elmhurst Ave, Cherry Hill, NJ	1	1.0	$69,900	$45,000	None Available	43
226 Playa Del Sol, Cherry Hill, NJ	2	2.0	$115,000	$105,000	None Available	222
311 Monmouth Dr, Cherry Hill, NJ	4	2.0	$169,999	$165,000	None Available	28
245 W 6th Ave, Cherry Hill, NJ	3	1.5	$215,000	$215,000	None Available	35
34 Edgewood Dr, Cherry Hill, NJ	4	3.5	$579,900	$530,000	None Available	40
628 Bamford Rd, Cherry Hill, NJ	3	2.5	$279,900	$265,000	Old Orchard	86
619 Old Orchard Rd, Cherry Hill, NJ	4	2.5	$315,000	$300,000	Old Orchard	62
72 Crooked Ln, Cherry Hill, NJ	4	2.5	$284,900	$283,000	Olde Springs	121	$4,000
10 Fountain Ct, Cherry Hill, NJ	4	2.5	$399,000	$350,000	Olde Springs	184
101 Morningside Dr, Cherry Hill, NJ	4	2.5	$219,900	$233,000	Point Of Woods	37
51 Manor House Dr, Cherry Hill, NJ	4	3.5	$550,000	$520,000	Short Hills	12
412 Society Hill, Cherry Hill, NJ	3	2.2	$259,900	$240,000	Society Hill	83
609 Society Hill, Cherry Hill, NJ	3	2.2	$259,900	$250,000	Society Hill	127
1513 Chalet Dr, Cherry Hill, NJ	4	2.5	$410,000	$397,000	Springbrook	76
341 Oak Ave, Cherry Hill, NJ	4	3.0	$210,000	$201,500	Surrey Place	341
221 Nathaniel Ave, Cherry Hill, NJ	4	2.5	$300,000	$285,000	Surrey Place East	7
410 Tavistock, Cherry Hill, NJ	2	2.0	$162,000	$160,000	Tavistock	10
169 Tavistock Ct, Cherry Hill, NJ	2	2.0	$189,000	$177,500	Tavistock	44
103 Tavistock, Cherry Hill, NJ	2	2.0	$184,000	$180,000	Tavistock	52
2041 Crescent Blvd, Cherry Hill, NJ	2	2.5	$305,000	$305,000	The Plaza Grande	3
119 Mona Ct, Cherry Hill, NJ	4	3.0	$427,500	$357,000	Timber Cove	185	$3,000
17 Dunbarton Rd, Cherry Hill, NJ	4	2.5	$399,000	$400,000	Wexford Leas	16	$10,000
102 Wexford Dr, Cherry Hill, NJ	4	2.5	$439,900	$430,000	Wexford Leas	14
13 W Doris Dr, Cherry Hill, NJ	4	2.5	$395,000	$340,000	Wilderness Run	98
40 Southwood Dr, Cherry Hill, NJ	5	3.5	$575,000	$530,000	Wilderness Run	31
1201 Concord Ln, Cherry Hill, NJ	3	2.2	$289,000	$270,000	Willowdale	20
1120 Willowdale Dr, Cherry Hill, NJ	4	2.5	$299,900	$276,000	Willowdale	58
5 Dale Ct, Cherry Hill, NJ	4	2.5	$407,500	$387,500	Willowdale	23
10 S Forge Ln, Cherry Hill, NJ	3	2.0	$219,000	$200,000	Windsor Park	299	$2,000
307 Brentwood Ave, Cherry Hill, NJ	3	1.5	$259,900	$258,000	Windsor Park	51	$5,000
405 Gatewood Rd, Cherry Hill, NJ	4	2.5	$289,900	$260,000	Woodcrest	219
316 Tearose Ln, Cherry Hill, NJ	4	2.5	$299,900	$286,000	Woodcrest	37
1703 Country Club Dr, Cherry Hill, NJ	4	2.5	$339,900	$325,000	Woodcrest	29
1906 Rolling Ln, Cherry Hill, NJ	4	2.2	$365,000	$355,000	Woodcrest	49
504 Birch Dr, Cherry Hill, NJ	5	2.2	$374,900	$374,900	Woodcrest	21

Have a great day

Make This YOUR Best Year Ever

Leander McClain, Burlington /Camden County, NJ Realtor & Real Estate Consultant, Keller Williams Realty, 1814 Route 70 E Cherry Hill, NJ 08003 856-685-1677 Direct

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Posted by Leander McClain: Realtor ~NJ Real Estate NJSouthRealEstate.Com on 10/06/2009 09:51 AM

Comments (3)

Cherry Hill, New Jersey Homes Sales: September 2009 by Leander McClain, Realtor in the ActiveRain Channel

cherry hill, new jersey homes sales september 2009 by leander mcclain, realtor

This post has been included in New Jersey Information Camden County, NJ Information Cherry Hill, NJ Information
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3 Comments on Cherry Hill, New Jersey Homes Sales: September 2009 by Leander McClain, Realtor

OCT

I really enjoyed your posting this morning. Make it a great day.

I also live here in the Cherry Hill area and lower end homes are selling they always have. That isn't the problem. It's the homes over $350,000 in the area (cherry hill, haddonfield, marlton, medford) that are the problem and more home fall within $50,000 of that range then any others.

OCT

Joe,

Thanks for your response. I also live and work in Cherry Hill. I think you have to look at the facts when assesing the market in any area. As of this morning, there are 498 single family homes listed for sale in Cherry Hill. 73% of those homes are under $350K. Within the last month 118 homes have either gone under contract or settled. 82% of those homes are under $350K. If we look at the supply, you will see that there is a 4.7 month supply of homes under $350K and a 7.5 month supply for homes over $350K.

As you stated, the homes under $350K are selling well. I know from personal experience that many owners of homes that would have sold for $500K 4 years ago cannot fathom the idea that the same home today is selling for $350K. They feel that they have lost $150K in profit and they want their Realtor to get it back for them. The sad part is that many of these homeowners have been in their homes for more than 8 years and paid less than $250K. Instead of seeing $100K profit, the insist on looking at the glass as half empty. In many cases, the profit from the sale of their home could help them move on to their next stage in life...but they tend to hold onto the past instead.

Didn't mean to get so long winded with my response.

Have a great day

Leander

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