market stats: Market Stats 07-03-2009 Cherry Hill NJ - 07/03/09 09:38 AM
TrendMLS shows the following ( on July 3,2009) for Cherry Hill, New Jersey.
Homes for sale: 667
Single detached homes for sale: 496
Homes under contract: 107
Homes for sale categorized as needing "TLC": 24 (You can bet there are another hundred needing TLC and you won't know till you get there)
Homes sold (settled) in June 2009: 61
Homes for sale with at least 3BR, 2full baths, garage, basement: 275, price under $300,000 - 90
That still leaves a lot to choose from for the average first time buyer and a lot of competition for the average seller.
When … (2 comments)

market stats: Today's market stats - Cherry Hill NJ - 07/02/09 12:19 AM
TrendMLS shows the following ( on July 2,2009) for Cherry Hill, New Jersey.
Homes for sale: 667
Single detached homes for sale: 499
Homes under contract:  98
Homes for sale categorized as needing "TLC": 25 (You can bet there are another hundred needing TLC and you won't know till you get there)
Homes sold (settled) in June 2009: 61
Homes for sale with at least 3BR, 2full baths, garage, basement: 275,  price under $300,000 - 90
That leaves a lot to choose from for the average first time buyer and a lot of competition for the average seller.  
When the … (0 comments)

market stats: South Jersey Real Estate Market Stats November 2008 - 12/04/08 01:39 AM

The number of homes actively being marketed for sale far exceeds the number going to settlement . Anyone with a home on the market today is 'motivated'. The number of buyers pulling the trigger in November 2008 was far less than in November 2007. The number of those buyers who are investors though is increasing. That happens in a market of low interest rates for mortgages and depressed prices for homes.
Allyson Knable, Branch Manager of Superior Mortgage in Cherry Hill quoted an FHA rate today of 5.5% for a 30 year fixed rate with no points.

… (2 comments)

market stats: Market Stats and Trends, Cherry Hill NJ Real Estate - 03/30/08 06:39 AM


I went back 2 years (April 06 to March 08) and looked at sample listing and sold history. The only month within that time frame that more homes were listed than sold was December '06. I don't think that month is meaningful because listings generally are depressed in December. Besides, maybe it is more relevant to look at the comparison between listings settled in a months and homes listed in the prior month or even 2 months prior. Aside from the current month I did not look at the active inventory (partly because of the problem of reconstructing it … (2 comments)