New construction in Mercer County NJ is looking up as well

With affordability rates for existing homes being at an historically high rate, it is rather easy to forget about the joy of new construction. However, the US Department of Commerce released a report on Tuesday, October 27 that indicated single-family home construction increased 3.9% to a 501,000 annual rate.

In Mercer County, NJ, there are some great new construction opportunities for you. One of my favorite communities is Dogwood Meadows. I write about it a lot and lately, my posts have been highlighting sales in this new home community.

But another recent listing for us includes land in Ewing Township, Mercer County, NJ. The Berkshire model is to be built at 486 Walker Avenue, Ewing.

Please click on the pictures to enlarge and then give me a call at 609-658-2612 so that we can discuss this opportunity in depth.

I look forward to hearing from you soon! ~ Joe Giancarli, http://www.njhomesource.net/  

More good news for the real estate market in Mercer County, NJ

According to the National Association of Realtors (NAR) existing home sales rebounded strongly in September. This marks the fifth gain in the past six months for existing home sales. Single-family townhomes, condominiums, and co-ops jumped 9.4% with 5.57 million units sold, which is 9.2% higher than September 2008 and the highest level in more than two years.

The chief economist for the NAR believes that the first time home buyer tax credits are providing the momentum. With affordability conditions historically high, the first time buyers accounted for 45% of all home sales in the past year. Furthermore, Freddie Mac reports that the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.06 in September 2009, a full one percent less than one year ago.

So what did the houses sell for? The median price in the US was $174,900. By region:

•  Northeast: $234,000, down 7% from one year ago
• Midwest: $147,600, down 1% from one year ago
• South: $153,500, down 7.6% from one year ago
• West: $219,000, down 15% from one year ago

I think the report supports that buyers are making good choices based on affordable options. I would love to show you some of those affordable options right here in the Mercer County real estate market. Please call me today so that we can utilize the first time home buyer credit set to expire next month. Don’t wait! Call me today at 609-658-2612. ~ Joe Giancarli, http://www.njhomesource.net/  

Properties are moving in Mercer County, NJ

My dear friends, it has been much more than a week since my last post.  I had such great intentions of analyzing, researching and providing some quality insight to help you make decisions about buying a primary residence or selling your home, but as they say, life got in the way!  Well in this case, it was life and business and that's all good!

Let me tell you about some of the good. Two proud families have had the wonderful SOLD! experience: 18 Misty Pine Lane and 17 Dogwood Lane in Hamilton, NJ.

Two homes have price changes to reflect the current market: 

• 3 Edgewood Drive, Jensens Deep, Cream Ridge, NJ  is now only $129,900
• 130 Monmouth Street, Hightstown, NJ is now only $169,900

Two new listings that are sure to interest you because they are both great opportunities to use your first-time home buyer credit: 

• 120 Juniper St, Burlington, NJ - only $149,900
• 762 Lower Ferry Road, Ewing, NJ 08628 - only $229,900

Things have been "moving and shaking" so I just wanted to touch base with all of my readers to let you know about some of the exciting changes and great opportunities that are available right now.  Give me a call at 609-658-2612 if I can be of assistance, answer any questions or take you on a personal tour. 

 I promise to follow up soon with more details about our new listings.  ~ Joe Giancarli, http://www.njhomesource.net/

SOLD! in Mercer County

Happy busy Monday!  What a great start to the week!  We are very happy to report that our listings at 109 Central, Ewing, NJ and 902 Lawrence Road, Lawrenceville, NJ in Dogwood Meadows have sold.  You have to admit that is good news for our buyers and sellers. 

There are some lovely well-appointed and affordable homes in the Mercer County community still waiting for you.  Check out the listings at NJ Home Source then give me a call and we'll find one another one to place the SOLD sign in front of. 

An affordable home on Tappan Dr in Hamilton, NJ

Now here is a very affordable home in Mercer Township.  In fact, it's well below the price mentioned in the preceding post.  At $279,900, this 3-bedroom, 2-bath home is just right for an active family.  The big family features are the generous back yard and the partially finished basement.  Plus it is walking distance to Sunset Manor Park where the athlete and outdoorsman can thrive. 

The children can spread out and enjoy themselves while the adults settle into the attractive living quarters at 34 Tappan Drive, Hamilton, NJ. 

Take a look at more pictures by clicking here.  Or find out more about Hamilton, NJ by clicking here.    Better yet, let's take a look together at this one-of-a-kind home.  Call me at (609) 658-2612 and let's set up a tour.  ~ Joe Giancarli

Mercer County, NJ homes are priced just right

I've been writing about how affordable homes in central New Jersey are for some time now.  I know my readers take that with a grain of salt.  But today I was reading an article where New Jersey was left off the list.  It was neither high nor low.  That tells me, just like the story of the three bears, this one is just right.  Yes, home prices in Mercer County, NJ are just right.

The article was published by RISMedia and it quoted statistics gathered by another real estate company.  According to the 2009 Market Survey, the most expensive homes are found in La Jolla, California and the least expensive homes are found in Grayling, Michigan.  The average home price in La Jolla was $2,125,000 and in Grayling was $112,675.

That sure leaves a lot of room in between for the interpretation of affordability.  I also learned from this article that the average nationwide price for a 2,200 sq. ft., 4-bedroom, 2.5-bath home was $363,460.  This statistic is relevant.  You can't look at the highs and lows and determine what is going on in the market and whether or not we are comparable, better or worse.  You can however look at the cumulative number and make a determination. 

I encourage you to do a little research on your own right now.  Click over to the NJ Home Source website and look at the homes listed for sale.  What are the pricepoints?  What do the neighborhoods and communities look like?  I think you will agree with me that Mercer County, NJ offers the best bang for your buck and and has affordability written all over it. 

When you are finished looking online, let's talk.  Call me at (609) 658-2612.  ~ Joe Giancarli