The good news for the Princeton real estate buyers is that there is a lot of choice and the prices for some properties have come down significantly. I have been showing a lot of houses in the last several weeks. This is the an excuse reason for having not written as much for the Princeton Real Estate blog as I usually do.
Here is a quick look at my observations this week. For my international buyers we were looking at some spectacular Princeton homes for sale in the price range of over $3.5mln. Some of the houses we saw have been on the market for much longer than 3 months, but some have just come up and have had many buyers looking at them.
Princeton houses for sale in unique locations, for example with a view of lake Carnegie are in demand and I get a lot of inquiries about them. Unfortunately for my buyers there isn't much available there and when it is (if priced right), they are sold rather quickly.
New or newer houses in the Princeton Borough are also in demand. The key for both buyers and sellers is the price. In todays climate, some buyers concerned with further Princeton real estate market decline, offer prices that are too low. Such offers, even today, are being declined without a counter offer.
Last week has been a very busy for me. Hopefully this week will bring the house of their dreams for my clients interested in Princeton homes for sale. Hopefully my seller clients will move forward with their contracts.
Photo by Daniel Morris
If you are looking to buy a house in the greater Princeton are, you may find these articles of interest:
How to buy a house without a real estate agent
15 Reasons you should not buy a home now ...5 reasons you should
What Did That House Sell For? January 2008
Who Else Wants Clarity About Real Estate Prices
Is Princeton Real Estate Local or Global?
Secrets To Buying A House In This Market
Secrets To Home Selling In A Bad Market
____________________________________________________________________________________________________________________________
If you want to stay current on the greater Princeton real estate, places, people and events, please subcribe using a feed reader or through the e-mail on the right side of the page.
Please contact Faina Sechzer at 609-553-4175 with questions about real estate, homes for sale and/or listing your house to sell, and relocation assistance in Princeton, Montgomery Township, West Windsor, Hopewell, and Lawrenceville New Jersey. Referrals are accepted.If you are moving out of the greater Princeton area, please inquire about the countrywide relocation program.
Copyright 2007 Faina Sechzer All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.
Comments (3)Subscribe to CommentsComment