West Windsor NJ Real Estate Market Report - June 2008 and First 180 Days 2008

I.West Windsor Real Estate Statistics June 2008 and First Half 2008  Summary  

The West Windsor NJ real estate market report for June 2008 is important in the sense it completes the picture for the first 180 days of 2008 and also covers the usually busiest real estate market in the summer. The West Windsor real estate statistics show significant 26% decline in the number of houses listed for June 2008 and 12% decline for the first six months 2008, compared to the same periods in 2007. Sellers of West Windsor homes have been reluctant to put their houses on the market in the wave of the national reports of depressed home prices, credit problems and other economic troubles. This is similar to the real estate market in Princeton and Montgomery Township. West Windsor Home Sellers' choosing to wait for a better market could also suggest the relative economic stability of the greater Princeton, with much less impact of the foreclosures. In many parts of the country waiting is not an option for many homeowners.

With fewer houses on the market, there were declines in the number of West Windsor homes sold in June 2008 and in the first half of 2008, compared to  the same periods in 2007. These declines are 13% and 16% respectively. The average price decline of 2% for homes sold in West  Windsor could be considered moderate for the first 180 days in 2008, compared to 2007, reflective of the relative limited inventory.

Read: Princeton NJ Mercer County Real Estate Market Housing Report -Second Quarter 2008

II. West Windsor Real Estate Market June 2008

West Windsor Houses Sold 2008
Total number            29
Median Price            $570,000
Average Price            $591,990
Avg. Sold Price/original Price    94%

West Windsor Condos Sold 2008
Total number            5
Median Price            $273,500
Average Price            $278,500
Avg. sold price/Original Price    94%

West Windsor Houses Pending 2008
Total number            30
Median Price            $659,000
Average Price            $673,780

West Windsor Condos Pending 2008
Total number            9
Median Price            $389,000
Average Price            $371,000

West Windsor Houses Active 2008
Total number            158
Median Price            $628,980
Average Price            $677,670

West Windsor Condos Active 2008
Total number            32
Median Price            $336,900
Average Price           $351,770

West Windsor Real Estate Statistics - Houses & Condos June 2008
Units Listed                42
Listed Average Price     $550,446
Pended                      36
Units Sold                  34
Sold Average              $545,887
Average DOM             57

West Windsor Real Estate Statistics - Houses & Condos June 2007
Units Listed                57
Listed Average Price     $572,723
Pended                     40
Units Sold                 39
Sold Average Price      $560,153
Average DOM            80

III. West Windsor Real Estate Market  - First Half 2008

West Windsor Houses Sold
Total number            110
Median Price            $513,000
Average Price            $565,750
Avg. Sold Price/ Original Price    92%

West Windsor Condos Sold
Total number            27
Median Price            $336,900
Average Price            $351,770
Avg. Sold Price/ Original Price    94%

West Windsor Real Estate - Houses & Condos - First Half 2008
Units Listed                302
Listed Average Price     $595,413
Pended                      186
Units Sold                  136
Sold Average Price       $516,427
Average DOM            74

West Windsor Real Estate - Houses & Condos First Half  2007
Units Listed                342
Listed Average Price     $599,694
Pended                      211
Units Sold                  162
Sold Average Price       $528,999
Average DOM             84

Data based on Trend MLS 07/22/2008 and is not guaranteed.

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