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Harding NJ Real Estate Sales Volume
By admin | November 7, 2008
Harding NJ Real Estate Sales Volume
First 10 months of 2008 vs first 10 months of 2007.
I gathered this data about the Harding NJ real estate market while writing my last post about Harding NJ home sales so I thought I would put this out here for you to read as well.
Harding NJ Real Estate Sales Volume 2007 — 56 homes sold
Harding NJ Real Estate Sales Volume 2008 — 25 homes sold
Net reduction in home sales — 55.4%
Harding NJ Real Estate Average Sales Price 2007 — $1,929,071
Harding NJ Real Estate Average Sales Price 2008 — $2,056,135
Net increase in average sale price — 6.58%
Harding NJ Real Estate Median Sales Price 2007 — $1,375,000
Harding NJ Real Estate Median Sales Price 2008 — $1,587,500
Net increase in average sale price — 14.8%
Harding NJ Real Estate Median Home Sold 2007 — 4 Bedroom 3.1 Bath
Harding NJ Real Estate Median Home Sold 2008 — 5 Bedroom 3.1 Bath
Interesting statistics for the Harding NJ Real Estate market to be sure, but I do not believe for a second that homes have appreciated in Harding New Jersey in 2008. The statistics say that they have, but the sales volume is way down, and the median home sold in 2008 is larger than that of 2007. Do I think that the real estate market in Harding New Jersey is falling apart? No, but I think if you could compare the exact same home sold in 2007 to the exact same home in 2008 (This is impossible to do) you would see something on the order of a 10% to 14% drop in value. I believe that if the homes which have been on the market in Harding New Jersey though 2008 had been priced 10% lower then they were, the sales volume in Harding would likely have been significantly higher.
Thinking of looking for a great deal on a Harding NJ home? visit the Harding NJ MLS Search Tools availible on the main website.
This post brought to you by your Harding NJ REALTOR James Boyer
Category: Harding |
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