Blackwood NJ's Very Popular Valleybrook Condos & Town Homes 2012 Year in Review
This past year proved to be a great year for Valleybrook Town Homes and Condos. Year after year Valleybrook continues to be a popular area to relocate for both young and old, people downsizing or just starting out. The Gloucester Twp. real estate market in general was in recovery mode and Valleybrook posted the following numbers.
In 2012 Valleybrook had a total sold volume of $5,766,400. There were 35 homes sold in the development, of which sellers, on average received approximately 96% of their asking price. The average DOM or “Days On Market” was 188. As far as “seller concessions”, there were 13 sellers giving a concession to buyers and the average concession was $3760. The choice for financing seemed to be conventional, as there were 20 conventional buyers, 9 FHA and 5 cash buyers. There was one “other”. Seventeen homes were 2 bedrooms and 18 were 3 bedroom homes. 6 Homes that sold had basements and 15 had fireplaces.
Looking back there is one issue that may be hurting even this past years strong sale in Valleybrook, that being Players Place 1. The Association for Players Place One still refuses to allow FHA purchases when all of the other HOA’s in Valleybrook welcome it. Players Place One is mostly 2 bedroom condos which is perfect for a family starting out. If the Association begins to allow these sales, this would certainly increase the sales volume even greater, especially for that particular area of Valleybrook.
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Dave Sulvetta is an Agent with Re/Max Connection – Turnersville NJ