west windsor nj weekly market update w/e 12/11/09
TRANSCRIPT
West Windsor Weekly Market Update
Week Ending 12/11/2009
609-462-3737DonnaReilly@weichert.comwww.West-Windsor-Homes-NJ.comwww.Facebook.com/West.Windsor.Homes.NJ
CLOSED SALES THIS WEEKIn West Windsor
Address Development BRsFull
BathsPartialBaths
Days on Market
Original List Price
ClosedPrice
7 WRIGHT PLACE Westwinds 3 3 0 24 $473,900 $470,000
25 WINDSOR POND ROAD Windsor Ponds 3 2 1 31 $429,000 $423,000
405 CLARKSVILLE ROAD None Available 3 1 1 290 $319,900 $279,900
Address Development BRsFull
BathsPartialBaths
Days on Market
Original List Price
ClosedPrice
9 HUNTINGTON DRIVE PRINCETON OAKS 5 3 0 8 $695,000 $690,000
5 FAIRFAX COURT GROVERS MILL ESTATES 5 2 1 18 $579,000 $578,000
823 VILLAGE ROAD W N/A 3 2 0 35 $379,900 $375,000
236 HENDRICKSON DRIVE N/A 3 2 0 44 $375,000 $366,000
West Windsor Market Activity – 12/11/09
Active Listings
Pending in Last 30 Days
Absorption Rate in Months
New Listings in 30 Days
Listings Reduced in 30 Days
% of Invent. Reduced
Expired Listings in Last 30 Days
W/drawn Listings in Last 30 Days
Closed Listings in Last 30 Days
West Windsor: All Styles
89 9 9.8 20 14 16% 9 5 26
West Windsor Condo/ T.Houses
13 3 4.3 5 1 7% 1 1 11
West Windsor55+
15 - - - - - - - -
West Windsor Single Family
76 6 12.6 15 13 17% 8 4 15
Market Absorption Rates
Market Absorption is an industry-wide standard used to measure the current real estate market. Simply put, it is the amount of time, in
months, that it would take to sell the existing inventory at the current pace of sales, assuming no other homes come on the market.
West Windsor Township Absorption Rates
1/12
/200
9
1/26
/200
9
2/9/
2009
2/23
/200
9
3/9/
2009
3/23
/200
9
4/6/
2009
4/20
/200
9
5/4/
2009
5/18
/200
9
6/1/
2009
6/15
/200
9
6/29
/200
9
7/13
/200
9
7/27
/200
9
8/10
/200
9
8/24
/200
9
9/7/
2009
9/21
/200
9
10/5
/200
9
10/1
9/20
09
11/2
/200
9
11/1
6/20
09
11/3
0/20
090
2
4
6
8
10
12
14
16
West Windsor Single Family Absorption Rates
1/12
/200
9
1/26
/200
9
2/9/
2009
2/23
/200
9
3/9/
2009
3/23
/200
9
4/6/
2009
4/20
/200
9
5/4/
2009
5/18
/200
9
6/1/
2009
6/15
/200
9
6/29
/200
9
7/13
/200
9
7/27
/200
9
8/10
/200
9
8/24
/200
9
9/7/
2009
9/21
/200
9
10/5
/200
9
10/1
9/20
09
11/2
/200
9
11/1
6/20
09
11/3
0/20
090
10
20
30
40
50
60
70
80
West Windsor Condo/Townhouse Absorption Rates
1/12
/200
9
1/26
/200
9
2/9/
2009
2/23
/200
9
3/9/
2009
3/23
/200
9
4/6/
2009
4/20
/200
9
5/4/
2009
5/18
/200
9
6/1/
2009
6/15
/200
9
6/29
/200
9
7/13
/200
9
7/27
/200
9
8/10
/200
9
8/24
/200
9
9/7/
2009
9/21
/200
9
10/5
/200
9
10/1
9/20
09
11/2
/200
9
11/1
6/20
09
11/3
0/20
090
20
40
60
80
100
120
West Windsor Market Activity
1/12
/200
9
1/26
/200
9
2/9/
2009
2/23
/200
9
3/9/
2009
3/23
/200
9
4/6/
2009
4/20
/200
9
5/4/
2009
5/18
/200
9
6/1/
2009
6/15
/200
9
6/29
/200
9
7/13
/200
9
7/27
/200
9
8/10
/200
9
8/24
/200
9
9/7/
2009
9/21
/200
9
10/5
/200
9
10/1
9/20
09
11/2
/200
9
11/1
6/20
09
11/3
0/20
090
5
10
15
20
25
30
35
40
45
50
West Windsor Actives West Windsor Pendings West Windsor Reductions
West Windsor Township Inventory
1/12
/200
9
1/26
/200
9
2/9/
2009
2/23
/200
9
3/9/
2009
3/23
/200
9
4/6/
2009
4/20
/200
9
5/4/
2009
5/18
/200
9
6/1/
2009
6/15
/200
9
6/29
/200
9
7/13
/200
9
7/27
/200
9
8/10
/200
9
8/24
/200
9
9/7/
2009
9/21
/200
9
10/5
/200
9
10/1
9/20
09
11/2
/200
9
11/1
6/20
09
11/3
0/20
090
20
40
60
80
100
120
140
160
West Windsor Single Family Inventory
1/12
/200
91/
19/2
009
1/26
/200
92/
2/20
092/
9/20
092/
16/2
009
2/23
/200
93/
2/20
093/
9/20
093/
16/2
009
3/23
/200
93/
30/2
009
4/6/
2009
4/13
/200
94/
20/2
009
4/27
/200
95/
4/20
095/
11/2
009
5/18
/200
95/
25/2
009
6/1/
2009
6/8/
2009
6/15
/200
96/
22/2
009
6/29
/200
97/
6/20
097/
13/2
009
7/20
/200
97/
27/2
009
8/3/
2009
8/10
/200
98/
17/2
009
8/24
/200
98/
31/2
009
9/7/
2009
9/14
/200
99/
21/2
009
9/28
/200
910
/5/2
009
10/1
2/20
0910
/19/
2009
10/2
6/20
0911
/2/2
009
11/9
/200
911
/16/
2009
11/2
3/20
0911
/30/
2009
12/7
/200
9
0
20
40
60
80
100
120
West Windsor Condo/Townhouse Inventory
1/12
/200
9
1/26
/200
9
2/9/
2009
2/23
/200
9
3/9/
2009
3/23
/200
9
4/6/
2009
4/20
/200
9
5/4/
2009
5/18
/200
9
6/1/
2009
6/15
/200
9
6/29
/200
9
7/13
/200
9
7/27
/200
9
8/10
/200
9
8/24
/200
9
9/7/
2009
9/21
/200
9
10/5
/200
9
10/1
9/20
09
11/2
/200
9
11/1
6/20
09
11/3
0/20
090
5
10
15
20
25
30
35
40
45
Market Scale for Supply & Demand
High Supply/Low Demand Low Supply/High DemandNormal
Ma
rke
t A
bs
orp
tio
n in
Mo
nth
s 1
2
3
4
5
6
7
8
9
10
11
12
No
rma
l
Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values.
As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.
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