Burlington Township Homes And More

Mount Laurel NJ: January 2009 Real Estate Statistics, Home Sales & Analysis

Are homes selling in Mount Laurel, NJ??  Yes. 

Is there a healthy supply of homes for sale?  Absolutely Yes. 

Is now a great time to buy a home?  Depends on YOUR Situation.

Is now a great time to sell a house?  Depends.

 

The table below shows that in January 2009, Thirty Four (34) homes sold.  Fifteen (15) were single family detached and the remaining three (3) were town homes or condos.  Overall the single family market is stronger than the townhouse market.  8.3% of the single family homes available for sale sold in January.  This leaves an 12 month supply.  6.9% of the townhouses were sold leaving a supply of 13.5 months.

What does this all mean?

A balanced market is defined as a six (6) month supply of homes for sale.  If there is greater than 6 month supply, then we are in a buyers market.  Less than a six months supply, we have a sellers market.  Right now, Mount Laurel, NJ is a Buyers Market. 

If you have any questions, or are looking to buy or sell a home in Mount Laurel, NJ or the surrounding area.......text, call or email me Today.  I am a Realtor and a Real Estate Consultant.  My job is to help make YOUR dreams come true.  Let me show you how I can do that for YOU and YOUR family.

 

 

Type	City	Subdivision	Address	Beds	Baths	Listing Price	Selling Price	Seller Concession	Days On Market
Single Family	Mount Laurel	Rancocas Woods	11 Evergreen Road	3	1	$190,000	$180,000	$9,500	65
Single Family	Mount Laurel	Holiday Village	41 Bastian Drive	2	2	$215,000	$200,000	$0	93
Single Family	Mount Laurel	Laurelwood	203 Winston Road	4	2.5	$299,000	$265,000	$5,000	264
Single Family	Mount Laurel	Penn Oak	511 Cambridge Drive	4	2.5	$329,000	$275,000	$0	345
Single Family	Mount Laurel	Devonshire	26 Devonshire Road	4	2.5	$329,900	$283,500	$7,500	209
Single Family	Mount Laurel	Larchmont Estates	13 Sheffield Lane	3	2.5	$344,900	$305,000	$0	57
Single Family	Mount Laurel	Ramblewood Farms	200 Kingsley Court	4	2.5	$348,500	$310,000	$10,964	91
Single Family	Mount Laurel	Ramblewood Farms	665 Cornwallis Drive	4	2.5	$382,900	$346,750	$ 7,500	161
Single Family	Mount Laurel	Mill Run	420 Saint David Drive	4	2.5	$389,500	$348,500	$0	433
Single Family	Mount Laurel	Stonegate	8 Bloomfield Court	4	2.5	$409,908	$385,000	$600	50
Single Family	Mount Laurel	n/a	4 Victoria Court	4	2.5	$449,000	$392,000	$0	227
Single Family	Mount Laurel	Springville Estates	546 Hartford Road	4	2.5	$420,000	$400,000	$0	13
Single Family	Mount Laurel	Spring Valley Estates	45 Broadacre Drive	4	2.5	$549,900	$490,000	$0	35
Single Family	Mount Laurel	Pembrooke Place	34 Woodview Drive	4	3.5	$675,000	$598,000	$0	80
Single Family	Mount Laurel	Union Mill Estates	501 Walton Avenue	5	5.5	$889,000	$620,000	$0	448
			Average	4	2.5	$414,767	$359,917	$2,738	171

 

Type	City	Subdivision	Address	Beds	Baths	Listing Price	Selling Price	Seller Concession	Days On Market
Townhouse	Mount Laurel	Birchfield	28B E. Daisy Lane B	1	1	$140,000	$130,000	$0	11
Townhouse	Mount Laurel	Lakes	2204B Denham Court	2	1	$159,000	$150,000	$0	125
Townhouse	Mount Laurel	Brittany Commons	4211B Aberdeen Drive	2	1	$159,900	$  15,700	$2,500	132
			Average	4	2	$414,413	$349,682	$1,869	152

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

My colleague and friend John Cannata of Reliant Mortgage in Frisco, TX shared some real gems below.

Enjoy and take heed :)

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Leander

Lumberton Township, NJ: January 2009 Real Estate Statistics, Homes Sales & Analysis

Are homes selling in Lumberton Township, NJ??  Yes. 

Is there a healthy supply of homes for sale?  Absolutely Yes. 

Is now a great time to buy a home?  Depends on YOUR Situation.

Is now a great time to sell a house?  Depends.

 

The table below shows that in January 2009, Seven (7) homes sold.  Five (5) were single family detached and the remaining two (2) were town homes or condos.  Overall the single family market is stronger than the townhouse market.  7.2% of the single family homes available for sale sold in January.  This leaves an 12.8 month supply.  6.7% of the townhouses were sold leaving a supply of 14 months.

What does this all mean?

A balanced market is defined as a six (6) month supply of homes for sale.  If there is greater than 6 month supply, then we are in a buyers market.  Less than a six months supply, we have a sellers market.  Right now, Lumberton Township, NJ is a Buyers Market. 

 If you have any questions, or are looking to buy or sell a home in Lumberton Township, NJ or the surrounding area.......text, call or email me Today.  I am a Realtor and a Real Estate Consultant.  My job is to help make YOUR dreams come true.  Let me show you how I can do that for YOU and YOUR family.

 

Type	City	Total Available	Sold Jan 2009	% Sold	Supply
Townhouse	Lumberton	28	2	6.7%	14 months
Single Family	Lumberton	64	5	7.2%	12.8 months

   

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Single Family	Lumberton	n/a	552 Main Street	3	2	$135,000	$75,000	$0	80
Single Family	Lumberton	n/a	203 Madison Ave	3	1.5	$239,000	$180,000	$0	882
Single Family	Lumberton	Bobbys Run	11 Harrogate Drive	4	2.5	$399,000	$344,000	$0	155
Single Family	Lumberton	Coventry Glen	25 Amaryllis Lane	4	2.5	$595,000	$555,000	$0	17
Single Family	Lumberton	n/a	90 Creek Road	4	2	$604,999	$565,000	$0	126
			Average	3.6	2	$394,600	$343,800	$0	252

 

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Townhouse	Lumberton	Country Estates	4 Caraway Court	3	2.5	$235,000	$225,000	$5,000	71
Townhouse	Lumberton	The Meadows	6 Poppyseed Drive	3	2.5	$275,000	$229,165	$9,165	136
			Average	3	2.5	$255,000	$227,083	$7,083	104

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Burlington Township, New Jersey January 2009 Home Sales & Analysis

 Are homes selling in Burlington Township, NJ??  Yes. 

Is there a healthy supply of homes for sale?  Absolutely Yes. 

Is now a great time to buy a home?  Depends on YOUR Situation.

Is now a great time to sell a house?  Depends.

 

The table below shows that in January 2009, Eleven (11) homes sold.  Seven (7) were single family detached and the remaining four (4) were town homes or condos.  Overall the townhouse market is stronger than the single family market.  12.5% of the Town homes available for sale sold in January.  This leaves an 8 month supply.  6% of the single family detached homes sold leaving a supply of 16.7 months.

What does this all mean?

A balanced market is defined as a six (6) month supply of homes for sale.  If there is greater than 6 month supply, then we are in a buyers market.  Less than a six months supply, we have a sellers market.  Right now, Burlington Township, NJ is a Buyers Market. 

Another interesting point to note is that the average sellers concession (ie...money paid towards buyers closing cost, ie...free money for the buyer) was $4,250 for town homes and $2,571 for single family detached homes.  What that means to the buyer is that the SELLER of your new home may be willing to help you buy your new home. 

If you have any questions, or are looking to buy or sell a home in Burlington Township, NJ or the surrounding area.......text, call or email me Today.  I am a Realtor and a Real Estate Consultant.  My job is to help make YOUR dreams come true.  Let me show you how I can do that for YOU and YOUR family.

 

 

Type	City	Total Available	Sold Jan 2009	% Sold	Supply
Townhouse	Burlington Twp	32	4	12.50%	8 months
Single Family	Burlington Twp	117	7	6%	16.7 months

 

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Townhouse	Burlington Township	Rosewood	1013 Garnet Drive	1	1	$99500	$99,500	$5,000	22
Townhouse	Burlington Township	Bridle Club	508 Lindsley Court	3	2.5	$220,000	$215,000	$3,000	201
Townhouse	Burlington Township	n/a	65 Manchester Way	3	2.5	$229,000	$220,000	$5,000	218
Townhouse	Burlington Township	Hancock Hollow	28 Stratfort Court	3	2.5	$239,000	$225,000	$4,000	31
			Average	2.5	2	$196,875	$189,875	$4,250	118

 

 

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Single Family	Burlington Township	Rosewood	20 Cynyd Drive	3	1	$240,000	$160,777	$0	103
Single Family	Burlington Township	Rosewood	48 Walnut Drive	4	2.5	$214,900	$214,900	$5,000	122
Single Family	Burlington Township	n/a	8 Rose Lane	4	2	$238,750	$215,000	$0	528
Single Family	Burlington Township	Park South	6 Vincent Drive	4	2.5	$349,900	$295,000	$ 5,000	104
Single Family	Burlington Township	n/a	606 Sunset Road	4	3.5	$308,000	$303,000	$8,000	216
Single Family	Burlington Township	Steeplechase	81 Steeplechase Blvd	3	2.5	$347,000	$335,000	$0	203
Single Family	Burlington Township	Royal Oaks	83 Shive Plave	4	2.5	$429,000	$400,000	$0	259
			Average	4	2	$303,936	$274,811	$2,571	219

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Barack, Inc.

Winning Business Lessons of the Obama Campaign.

 

I ran across this book and decided to give it a read.  I figured that it didn't matter if I was Republican or Democrat, maybe I could learn something from the Obama Campaign. Furthermore, I thought I may be able to apply it to my real estate practice in Burlington Township, Burlington County, New Jersey. 

Upon opening the book, I read the following

"Who among us ever fully believed that a Cinderella candidate could soar out of Illinois obscurity and become the 44th President of the United States, confounding dozens of world-renowned politicos in the process?  Yet Barack Obama managed to beat the Republican party at it's own game with discipline, organization and massive fund raising".

Hmmm......If I can figure out how they did that, maybe I can do some of the same.  The next 146 pages has only four chapters and four main themes. 

1. Success You Can Believe In - And Emulate

2. Be Cool

3.  Be Social

4.  Be The Change

The themes are simple, yet obvious.  Happy Reading

Make This Your Best Year Ever

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Just Because I am Losing Doesn't Mean I'm Lost

I was listening to one of my favorite rappers this morning Jay-Z.  He did a mash up album with Coldplay titled "Viva La Hova". Ok I know, I know....most people who are reading this are saying Jay who?  Cold what? And what does this have to do with real estate or the price of tea in China.....stick with me.

 The first lines of the song Lost are as follows

 "Just because I'm losing,

Doesn't mean that I'm lost.

Doesn't mean I'll stop,

Doesn't mean I'll cross".

 I used to tell people all the time...."In life, there are no cheerleaders".  You must remember that you can lose the battle and still win the war.  Right now many real estate agents are suffering due to the current status of the housing market.   Many more have taken down their shingle.

 In addition, many of us face other battles outside of real estate. Marital, health, financial, families are some of the many areas in which we may face problems.  You must remember what I said before....there are no cheerleaders.  You have to be your own number one fan.  In order to succeed in life, you must have an attitude like the one in the Coldplay song.....

 Just because I'm losing, doesn't mean I'm lost.

 

Sure, maybe I had to develop a less expensive marketing strategy.  Maybe the listing I thought I had in the bag fell through.  Maybe the things I thought I was going to get in the divorce didn't happen.  Maybe I have to be on medication for the rest of my life.   Maybe I didn't get to buy the new car I wanted. Maybe I didn't get to go on vacation this year...and the list can go on and on and on.   

 Doesn't mean I'm lost.

 Doesn't mean I'll stop,

Doesn't mean I'll cross.

 

To quote another rapper..."I can't stop, won't stop". 

 I won't stop.  I won't lose EVER!

 Now I may lose some battles along the way, but I won't lose the war.  That is the attitude that you must have in order to survive when things don't go the way you expect.  When things start to look ugly, that is when you have to work even harder.   But make sure  you understand why you are here in the first place.  If you are in real estate because it was easy money, but you don't really like the industry or dealing with the public......you will not succeed.  Pack your bags now and leave.  The rest of you follow me because...

 I WILL NOT STOP!

 

Have a great day

Make This Your Best Year Ever

 

Ps...coming soon "The McClain & McClain Realty Team"

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Everyday You Must Work On YOUR Survival

 

Every morning in Africa, 

A gazelle wakes up.

It knows it must run faster than 

the fastest lion 

or it will be killed.

 

Every morning in Africa

A lion wakes up.

It knows it must out run

the slowest gazelle

or it will starve to death.

 

When the sun comes up,

YOU BETTER START RUNNING!

 

Last year, I wrote a post titled Nothing From Nothing Leaves Nothing.  The life lesson from that post is that you take out, what you put in.  

Too many people are searching for a magic pill.  They want to pay $99, $199, $2,999 for a solution that will automatically give them a successful business.  Well I hate to be the one to bust your bubble (those selling the seminars will hate me for this), but

There is no magic solution!

You will only succeed by being like the Lion and the Gazelle above.  You must plan to survive every single day. When you get up, you must say to yourself, how am I going to improve my business today?  Your success in life depends on how much effort you put in.  Can you learn from seminars and books?  Of course.  I have a library full of books.  I have attended many training sessions.  If I were to boil everything I learned down into one sentence, it would be this (I won't even charge you for this one)

The better your attitude and outlook on life, the more successful you will be.

 

That's it in the nutshell.  You can believe me or you can keep looking for the magic pill.  If it makes you feel any better, send me $199 and I will print the above statement  on beautiful paper, frame it and mail it to you.  

Everyone have a great day and 
Make This Your Best Year Ever

 

 

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

 

My House Is Listed For Sale.  Why Won't It Sell?  Can  You Say OUCH?? 

Your house has been listed for sale for months and there have been no offers.  In the beginning, there were a few scheduled showings, and a few neighbors stopped by at the open house.  Carol your next door neighbor gave you some advice.  She reminded you not to settle for anything under $X00, 000 because that's what homes are selling for in this neighborhood.  Another neighbor Bob congratulated you on all of the fine improvements that you made to the home. 

 

So Why Won't It Sell??

 If you are reading this, chances are that you have a home that won't sell.  What I am going to say next might sting a little.....but SOMEONE has got to tell you the truth.....so here goes.

 Say OUCH

 O is for Overpriced

 You got it overpriced.  Any house in any condition will sell at the right price.  If your home has been on the market for more than 6 months and you have not received any offers....there is a chance that it's overpriced.   There are even better chances that it's overpriced by a lot.  If a house is overpriced, but not by much, you still stand a chance of getting an offer (even if it is a low ball offer).  Oh....one last thing, pay no attention to what your neighbor Carol is telling you.  She said houses sell for a certain price in your neighborhood. If she really knew what she was talking about, she would tell you that she is referring to the listing price.  The most important figure to study is what houses actually sold for in your neighborhood.  Not the listing price. 

 

U is for UGLY

 

At this point, you must be thinking...."Leander can't be talking about MY home".  The truth is....maybe I am.  Bob congratulated you on your fine home improvements.  What he said to Carol after you turned your back was ...."Can you believe that crap he put in that house....I wouldn't buy that in a million years". 

 

Even though buyers are looking for bargains, buyers have limited imagination.  They have a hard time imagining their modern furniture in your country lodge decorated home.....or vice versa.  When I give a listing presentation,  I hate to see that has been very personalized.  I say that because it appears to me that only a small percentage of homebuyers may like that style. I also hate that I have to tell the homeowners that they may want to paint over the ducks and take down the country décor, get rid of the black walls, get rid of the mirror  tiles and rip up the white shag carpet..

 

When you are selling your home, try to make it look as neutral as possible. Remember, it's not your home anymore.....it's the new buyer's (the ones you are hoping to find).

 C is for Competition

 

There are lots of homes available for sale these days.  In Burlington Township, NJ, we have over 12 months supply.   If your home is overpriced and doesn't show well (the nice way to say ugly) and faces competition from better priced nicer looking homes.......do you really expect it to sell??

 H is for Highway

This section should have been titled L for location, but that would have messed my acronym.  If you're home is in a bad location, there is nothing you can do about that. However, if you have it priced right, fixed up nicely so that it competes well, you have a better chance at selling. 

 So what should you do now.  Well if you live in Burlington or Camden County, NJ the answer is simple....text, email or call me today. Set up an appointment for a consultation.  As a Realtor and Real Estate Consultant, I specialize in helping prepare their homes for sale.  One of my recent listings had an offer in 21 days and settled within 60 days of the listing.  Results may vary in your particular case.  But if you are looking to sell, why not give it your best shot.

 

Have a Great Day

And

Make This YOUR Best Year Ever

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)