Here’s the Haddon Heights Real Estate market update for August 2008. Pended units for August were up 1 and Sold units were down 2; listed units were down 5 versus August 2007. This has led to a current inventory of 76 units. Haddon Heights has been averaging 7 units sold per month which means there is currently 10 months worth of inventory in Haddon Heights. This outpaces the overall Camden County market, which has 12 months worth of inventory. Year to date listed units are up 6 (a 4.1% increase), pended units are up 16 (a 25.4% increase) and sold units are up 12 (an 18.2% increase). See how this compares to the Camden County Market.
Over the last 3 years the average number of units pended and sold in August was approximately 7 & 12 respectively. This August, there were 5 units pended and 6 sold. The average Days on Market for the year is 86. Haddon Heights remains one of the few towns that has sold more properties year to date in 2008 then in 2007.
What does all this mean? It means that Haddon Heights is a market to watch closely. In other words, if you are thinking of buying or selling right now it’s important that you seek the advice of a full time professional realtor who can best advise you as to how to take advantage of this market.
The chart below provides you with the 8/2007-8/2008 numbers for listed, pended and sold units.
Below is a chart that shows the average list price and average sold price for Haddon Heights from 8/2007-8/2008. The average sold price off by less than 1% from August 2007 ($237,223) to August 2008 ($235,566).
If you are thinking of selling or buying in the near future, please don't hesitate to contact me directly at 856-222-5829. Or you may always visit me on line for tons of useful tips and ideas at no cost or obligation to you. I look forward to helping you reach your Real Estate goals.
*Market statistics as of 9/15/2008.
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