January 14, 2010
Updated Neighborhood Information
Sales data for the last two years has just been incorporated into the data supplied for each of Pennington Borough's neighborhoods. The number of sales have remained fairly constant, and as you would expect sales prices have generally declined as values are being affected by the national economy.
Posted by: Bruce
Pennington NJ Homes for Sale
Homes for sale as of January 28, 2010 include 1 condominiums [Price Range: $230,000 to $230,000], 1 townhomes [Price Range: $298,000 to $298,000], and 15 single family homes [Price Range: $325,000 to $1,000,000], located in developments and in village settings.
Pennington,
NJ is a great community to investigate when searching for available homes for
purchase. The links to the right will afford you the option of contacting us
for information relating to the purchase or sale of a home. There is also a
link to a site to allow you to search for property in this area.
You will find many different styles of homes, ages of homes, and price ranges of homes are available in Pennington Township, New Jersey, located near Exit 4 of Interstate 95 in central New Jersey. The township is served by the US Postal Service as Pennington, NJ, with the zipcode of 08534. If you are looking for homes for sale, we hope to serve as your starting point for information on the various neighborhoods and houses for sale in Pennington.
An overview of the neighborhoods in Pennington and the variety of homes 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.
It is currently February 8th 2010, 09:36 pm in New Jersey.
December 07, 2009
December 2009 Market Conditions
Pennington currently has 24 homes for sale. Through today, there have been 22 homes sold so far this year. At this rate of home sales, it would take 12 months to exhaust the supply, making this a buyer's market. The average sales price has been $415,281 for homes were asking an average price of $467,336.
Information from TREND MLS - Information Deemed Reliable but Not Guaranteed.
Posted by: Bruce
November 07, 2009
First-Time Homebuyer Tax Credit Extended and Expanded
It’s now official, Congress has extended and expanded the existing $8,000 homebuyers tax credit and the President signed it into law on Friday, Nov. 6th.
The new law extends the existing tax credit for Pennington area buyers who have not owned a home that was their principal residence in the past three years and adds some new criteria and qualifying homebuyers.
The $8,000 credit was scheduled to lapse on December 1st, 2009 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30, 2010 and close by June 30, 2010.
The income limits have been raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.
The bill also made more Pennington, NJ homeowners eligible to claim the credit on their taxes. First-time buyers — those who have not owned a home in the past three years — still qualify for an $8,000 rebate. But now people who want to trade up can also qualify. Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.
Posted by: Bruce
Information on
neighboring townships: