April 19, 2012
Pennington Has More Choices in Homes for Buyers
Pennington Borough has not followed the trend in Mercer County (with fewer homes listed for sale compared to the same quarter a year ago). Almost all the other muncipalities in the county continued the trend of fewer listings than the previous yearly quarter. The number of new listings for the quarter was 21 residences compared to 15 in 2011, following a trend established in 2011. The comparison of quarters for the county showed 1,572 homes newly on the market this year in contrast to 1,726 houses in 2011.
We will continue to keep an eye on this for you.
Posted by: Bruce
March 21, 2012
Pennington Borough Website
For up to date information on the issues facing township residents, access the Pennington Borough website.
Posted by: Bruce
February 27, 2012
Get Access to HouseLogic
The National Association of Realtors (NAR) has developed a site called HouseLogic with information and guidance for home buyers. There are articles with advice on Financing, Searching, and Preparing for Homeownership.
This month they are featuring an article on how to Negotiate Your Best House Buy.
Posted by: Bruce
February 16, 2012
The Pennington School
Since 1838 The Pennington School has been educating and mentoring their students, encouraging them to become their best selves and to lead a life of service and integrity. In the classrooms, in the art studios, on the playing fields, and in the dormitories, a talented, passionate, and empathetic faculty engages with students in meaningful and purposeful ways.
In front of the Meckler Library, three benches display the words “Humility, Virtue, and Honor” – a phrase created by Pennington’s legendary headmaster, Francis Harvey Green. This phrase has come to symbolize all that a Pennington education represents.
Posted by: Bruce
February 08, 2012
Did The Demographics of Pennington Change?
The New York Times has an application called Mapping the 2010 U.S. Census that will allow you to browse population growth and decline, changes in racial and ethnic concentrations and patterns of housing development based on changes in the United States census. It will also allow you to view the percentage of homes that are vacant and those that have only one occupant. All in all a very neat little tool developed by Matthew Bloch, Shan Carter and Alan McLean using the data from the US Census Bureau and application help from socialexplorer.com . Just type in the 08534 zip code in the box on the upper right side and you are off exploring.
Posted by: Bruce
January 05, 2012
Pennington Borough Home Sales Statistics for 2010-2011
The final selling prices of homes and numbers of homes sold in the various sections of the borough of Pennington for the last two years have been updated in the Neighborhoods section of this website. The numbers and averages for the entire borough for the year 2011 can be found at this page concerning statistics for all of Pennington. Yes, Virginia, all real estate is local.
Posted by: Bruce
November 17, 2011
Housing Market Update
There is currently an 8 month inventory of homes for sale in Pennington borough. There are 26 homes available but at a rate of only three selling per month, it will take that long for the current listings to sell. The current average list price is $390,693 with the average sale price in the last year at $513,219. It has been taking on average 105 days for the homes that have sold to find a buyer. These statistics make it a buyers market in Pennington.
TREND MLS - Information Deemed Reliable but Not Guaranteed.
Posted by: Bruce
October 22, 2011
Weidel Spooktacular
A little blatant advertising coming up. Weidels Hopewell Valley office is hosting a Spooktacular on Friday, October 28th from 4:00 pm til 7:00 pm. There will be Food, Face Painting, Music, Prizes, and other treats. Being held for our customers and for the community at large, we invite you to bring your little ghouls and goblins for pumpkin painting. The event is held at our office in Pennington located across Route 31 from the Pennington Market. The rain date for the affair is on Saturday, October 29th, same time - same place.
Posted by: Bruce
July 13, 2011
Halfway Update on the Real Estate Market
Well, we are halfway through this year. How are things stacking up against last year?
In Pennington borough, we have had 30 sales in the past 12 months compared to 36 in the preceding twelve months. The average sale price has gone up from $451,233 to $474,293 and it is taking 97 days for the average sale to get a contract compared to 110 days in the previous 12 month span.
This makes it a tremendous buyers market with 60 homes available and interest rates at historically low levels. Check out the homes on the market.
Posted by: Bruce
January 26, 2011
Encouraging Signs For The Housing Market
The number of Pennington Borough homes sold in 2010 increased from 2009, from 23 homes to 31 residences sold respectively. The average sold price in 2009 was $463,271 and was up to $472,504 this last year. The average days on the market did also decrease from 151 to 115 year over year. With the numbers of sales up along withsold prices and marketing time down, this gives encouraging signs for the Pennington Borough housing market.
Posted by: Bruce
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