Special offer

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

By
Real Estate Agent

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  

In the meantime, if you have any questions or don't know where to begin on your home search, feel free to contact me.

Click on this button Click Call Connect - Ccube gets YOU connected with Instant Calling to be immediately connected to my phone without revealing your phone number. Or you can email or tweet me.

Make This Your Best Year Ever

Your Friend In The Real Estate Business


Leander McClain, Camden & Burlington Township Realtor & Real Estate Consultant, Atlantic & Pacific Real Estate, 103 Carnegie Center, Princetonl, NJ 08540 609-505-6578 (direct)

lee@njsouthrealestate.com, @leemack912, www.facebook.com/Leander.NJRealtor

Search NJ & PA Home Listings @ www.NJSouthRealEstate.com

Recent Posts

Top 3 Things Home Sellers Should Do Before Calling A Realtor

How To Buy A Home Part 1

Economic Stimulus $8,000 Tax Credit

Top Reason To Price Your Home Below Your Neighbors

Search Houses For Sale

Follow Me on Twitter @leemack912

Follow Leander McClain on Twitter Leander McClain LinkedIn

Comments(3)

Eric Villaverde
DoubleTree Home Inspection Services L.L.C. - Phoenix, AZ

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

Oct 06, 2009 02:52 AM
Joseph Welusz
QuoteMatcher.com - Evesham Township, NJ

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 06, 2009 07:53 AM
Leander McClain
North East, MD
Cecil & Harford County Realtor

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

Oct 07, 2009 12:41 AM