February 26, 2010
National Data versus Local Data

Single-Family Homes and Condos

Single-family home sales fell 6.9 percent to a seasonally adjusted annual rate of 4.43 million in January 2010 from a level of 4.76 million in December, but are 8.6 percent above the 4.08 million pace in January 2009. The median existing single-family home price was $163,600 in January, down 0.4 percent from a year ago.

Existing condominium and co-op sales dropped 8.1 percent to a seasonally adjusted annual rate of 620,000 in January from 675,000 in December, but are 38.1 percent above the 449,000-unit level a year ago. The median existing condo price was $172,400 in January, which is 1.4 percent higher than January 2009.

Regional Performance

Existing-home sales in the Northeast fell 10.9 percent to an annual pace of 820,000 in January 2010 but are 22.4 percent above a year ago. The median price in the Northeast was $245,300, a gain of 8.8 percent from January 2009.

Posted by: Bruce

Cranbury NJ Real Estate

Cranbury, NJ is a great community to investigate when searching homes for sale. You will feel transported back to the colonial times when you experience the downtown area with its many historic buildings.

Welcome to CranburyEntering this seemingly colonial era village, you are greet by this sign along South Main Street.

You will find many different styles, ages, and price ranges of real estate are available in Cranbury, New Jersey, located near Exit 8A of the New Jersey Turnpike in central New Jersey. The township is served by the US Postal Service as Cranbury, NJ, with the zipcode of 08512. If you are looking for to relocate here, we hope to serve as your starting point for information on the various neighborhoods of Cranbury.

 

Real Estate for Sale in Cranbury, New Jersey

Real estate for sale as of March 1, 2010 include 23 single family homes [Price Range: $199,000 to $1,650,000], located in developments and in rural settings. The ongoing construction of new homes in several developments, including the Estates at Princeton Junction and Centex's Elements at West Windsor (active adult), for which we now have pricing and floor plans, also affords you the option of purchasing a new home in nearby West Windsor.

Neighborhoods of Cranbury

An overview of the neighborhoods in Cranbury and the variety of real estate for sale are outlined at the neighborhoods button to the left. Feel free to check out the properties for sale and contact us for further information using the form at the bottom of the neighborhood's page.

By using the buttons to the right side of the page, you can contact us for information on the value of your home, for help in finding a specific type of real estate, or have the ability to search on your own.

It is currently March 10th 2010, 11:09 pm in New Jersey.

January 04, 2010
Updated Neighborhood Information

Sales data for the last two years has just been incorporated into the data supplied for each of Cranbury's neighborhoods.

Posted by: Bruce

December 28, 2009
Market Conditions and Trends

We are beginning to collect data for year end statistics and, preliminarily at least, the 2009 Cranbury home market will look a lot like 2008 as the number of homes sold has held consistent at 25-26. The number of homes on the market this year dropped from 86 last year to 75 in 2009. For comparison, in 2004 there were 66 homes marketed, and 40 of them sold.

In the current conditions, the stabilized rate of home sales combined with fewer homes on the market, will help reduce the inventory and stabilize the Cranbury home sales market.

Posted by: Bruce