Gloucester Twp New Jersey 2011 Year In Review

By
Real Estate Agent with Dave Sulvetta, ReMax Connection, Gloucester County Realtor 0683062

Gloucester Twp NJAs we are now into a very brisk Spring Real Estate Market, I thought it would be a good time to look back at last years home sales for all of Gloucester Twp  New Jersey. First, a bit about Gloucester Twp NJ.  According to the US Census of 2010, there were 64,634 people, 23,566 households, and 16,873 families residing in the township. 

2011 Year in Review for Gloucester Twp New Jersey

There were 380 Homes sold in Gloucester Twp. last year (2011) Of which 76 buyers purchased their home cash, 177 purchased FHA, 18 purchased using a VA loan, 100 Conventional buyers and 9 “other”. At the time of sale the average homeowner received 94.84% of the asking price at that time. Average asking price at time of sale was $162,061 and average SOLD price was $153,714.

Of the 380 homes sold a whopping 166 sellers gave some kind of concession to their buyers. The average age of a sold home was 31.11 years old, of which 26 homes were heated by oil, 12 elctric and 342 were heated by gas.

This year has started VERY strong, in fact that strongest I have seen in years! As of today 3/28/12, we have already had 106 homes close or settle and not all of the data is in yet for the month of March.

If you are planning to buy, the time has actually never been better than the present. If you are planning to sell your home, the time is now!

It’s a great time to buy and we are having a SALE! Check out the inventory here Gloucester Twp New Jersey homes for sale.

* information is taken from TReND MLS and deemed accurate but may not be reliable

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