Number of sold units is up, but sales prices are down when compared with same period in 2011.
Buyers are still in the driver's seat - and are shopping very "Guardedly"; researching market values prior to making any offers. Recent trends show Sellers are being asked to assist with closing costs and other concession. Forecast is for fewer homes being sold with increased Time-On-Market. ____________________________________________________________________________________ There have been a total of 89 Single Family Homes sold in Cherry Hill since Jan 1, 2012 with an average sale price of $212,303 with average time on market of 117 days. Tight mortgage money, stricter lending rules, short sales and foreclosure properties have contributed to the fact that property values have dropped substantially when compared with the same period in 2011. There are currently 571 single family homes for sale in Cherry Hill with an average list price of $275,000. Currently properties are selling at the rate of 42 per month, which would indicate a 13 months supply of homes. Interesting to note = 116 of these properties are short sale properties. One has to wonder what their sales will do to market values going forward. _______________________________________________________________________________
ADVICE TO SELLERS: This is no time to "test" your market. Position it right from the first day on the market and success will be yours. How do you know how to "position" it in the market place? Get the FACTS from a reputable REALTOR who has the experience, resources and "know-how" to market your home properly. One who knows current market Trends, what's for Sale and what has SOLD in YOUR neighborhood!
ADVICE TO BUYERS: What are you waiting for? There has never been a better time to buy. Choices are high, Prices are down, Interest rates are the lowest they have been in 50 year or so - - Don't wait till the prices are rising - get in now and enjoy your new life as a home-owner. _________________________________________________________________________________________
ZIP Codes: 08002, 08003, 08034 Approximate Location Boundaries: Merchantville-Pennsauken, Haddonfield- Westmont, Marlton-Maple Shade
Location Characteristics: General The Township of Cherry Hill, Camden County, New Jersey, lies five miles east of Philadelphia, Pennsylvania, in the Delaware River Valley.
The municipality is home to more than 70,000 residents and 4,000 businesses and boasts 49 parks and recreational facilities within its 24 square miles. Cherry Hill made its name as the home of the Garden State Park horse racetrack and the East Coast's first enclosed shopping mall, Cherry Hill Mall.
Today, the community enjoys a regional reputation as a family-oriented, educated, bustling town with 19 award-winning public schools, numerous places of worship, and a vibrant business sector known for shopping, dining, and entertainment destinations. For more information go to http://www.cherryhill-nj.com
About Dottie Cammarasana:
Professional, Successful, Tech Savvy and Friendly! – that’s the way to describe Dottie. She has education, experience and outstanding people and technology skills. She is the consummate negotiator – advocating always for her client’s best interest while maintaining good customer relationships. Because she handles her business affairs with honesty and integrity - her clients, both buyers and sellers, know they have been dealt with openly and fairly.
The key to her success? Well, Dottie says, “I listen to what is important to my customers and I direct my efforts to meeting each of their goals, after all – their future referrals are how I stay in business, and I can’t expect them to refer me, if I don’t do a good job this time!”
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
