Cherry Hill Home Sales Report
September 2009
by Leander McClain.
Whoever said that real estate was not selling, forgot to tell the buyers in Cherry Hill, NJ. Over the past month, 71 homes have sold. I've had people tell me that Cherry Hill is an expensive town. However, 17 of the houses that sold were under $200,000. The average price of the homes sold was $271.000. I think those prices are excellent.
A very important thing to notice is that the average property in Cherry Hill sold for 95% of the asking price. This means that homes are begining to be priced correctly. Buyers should be aware that homes in Cherry Hill will most likely not be available for rock bottom prices of 50% of the asking price (of course there are exceptions). Sellers should be aware that homes that are priced correctly are selling quickly. the average time it took to sell a home in September was 83 days.
If you are ready to start looking for your dream home or you are ready for your current home to become someone else's dream home, Call Me Today. We will set up a mutually convenient time to meet and discuss your plans for the future. I will let you know if I can help you make your dreams come true.
Have a great day
| Address | Bedrooms | Bathrooms | Asking Price | Sold Price | Subdivision | Days on Market | Seller Assistance |
| 222 Ocean Ave, Cherry Hill, NJ | 4 | 2.5 | $259,000 | $256,000 | Apple Hill | 26 | |
| 21 W 6th Ave, Cherry Hill, NJ | 2 | 1.0 | $149,900 | $149,900 | Ashland Village | 65 | |
| 112 Pine Valley Rd, Cherry Hill, NJ | 4 | 3.0 | $319,000 | $300,000 | Barclay | 154 | |
| 7 Kaywood Ln, Cherry Hill, NJ | 4 | 2.5 | $325,000 | $315,000 | Barclay | 49 | |
| 123 Pearl Croft Rd, Cherry Hill, NJ | 5 | 2.5 | $355,000 | $355,000 | Barclay | 22 | $10,000 |
| 201 Gravel Bend Rd, Cherry Hill, NJ | 5 | 3.5 | $419,900 | $420,000 | Barclay | 7 | |
| 224 Centura, Cherry Hill, NJ | 2 | 2.5 | $154,500 | $152,000 | Centura/cotswold | 197 | $6,000 |
| 821 Chanticleer, Cherry Hill, NJ | 2 | 2.0 | $194,900 | $183,500 | Chanticleer | 60 | $6,000 |
| 1609 Chanticleer, Cherry Hill, NJ | 3 | 2.5 | $255,000 | $255,000 | Chanticleer | 132 | $3,000 |
| 420 Jamaica Dr, Cherry Hill, NJ | 4 | 2.5 | $269,000 | $263,500 | Cherry Hill Estate | 193 | $7,000 |
| 408 Hialeah Dr, Cherry Hill, NJ | 4 | 3.5 | $315,000 | $315,000 | Cherry Hill Estate | 82 | $10,000 |
| 2112 Aqueduct Ln, Cherry Hill, NJ | 4 | 2.5 | $384,900 | $372,500 | Cherry Hill Estate | 14 | |
| 128E Cherry Parke, Cherry Hill, NJ | 1 | 1.0 | $79,900 | $70,000 | Cherry Parke | 396 | |
| 103B Cherry Parke, Cherry Hill, NJ | 2 | 1.0 | $108,000 | $99,000 | Cherry Parke | 48 | |
| 104C Cherry Parke, Cherry Hill, NJ | 2 | 1.0 | $112,900 | $106,500 | Cherry Parke | 56 | |
| 11 Todd Ct, Cherry Hill, NJ | 3 | 2.0 | $239,900 | $237,000 | Cherry Run | 26 | $7,000 |
| 1101 Garfield Ave, Cherry Hill, NJ | 4 | 2.5 | $269,900 | $257,000 | Cherry Valley | 176 | $2,000 |
| 204 Henfield Ave, Cherry Hill, NJ | 3 | 1.2 | $269,900 | $250,000 | Cherrybrook | 65 | $5,000 |
| 7 Ambler Rd, Cherry Hill, NJ | 4 | 2.0 | $242,900 | $223,000 | Colwick | 193 | $8,000 |
| 7 Colmar Rd, Cherry Hill, NJ | 3 | 2.0 | $259,000 | $259,000 | Colwick | 111 | $5,000 |
| 16 Fairhaven Ct, Cherry Hill, NJ | 3 | 2.5 | $299,900 | $280,000 | Country Walk | 79 | |
| 136 Valley Run Dr, Cherry Hill, NJ | 3 | 1.5 | $225,000 | $215,000 | Erlton | 169 | |
| 403 Tuvira Ln, Cherry Hill, NJ | 3 | 2.5 | $263,500 | $250,000 | Europa | 158 | |
| 15 Buckingham Pl, Cherry Hill, NJ | 3 | 2.5 | $319,900 | $310,000 | Europa | 29 | |
| 1216 Cropwell Rd, Cherry Hill, NJ | 3 | 1.5 | $166,900 | $165,000 | Fox Hollow Woods | 111 | |
| 103 En Provence Ct, Cherry Hill, NJ | 4 | 4.1 | $850,000 | $805,000 | Frenchmans Pointe | 53 | |
| 515 Kings Croft, Cherry Hill, NJ | 4 | 2.5 | $225,000 | $217,500 | Kings Croft | 20 | |
| 405 Kingston Dr, Cherry Hill, NJ | 3 | 1.0 | $192,500 | $192,500 | Kingston | 6 | $5,000 |
| 823 Richard Rd, Cherry Hill, NJ | 3 | 1.5 | $239,700 | $235,000 | Kingston | 17 | $4,000 |
| 204 Kingsley Rd, Cherry Hill, NJ | 3 | 1.5 | $239,900 | $238,000 | Kingston | 6 | $5,000 |
| 12 Bellows Ln, Cherry Hill, NJ | 5 | 2.5 | $264,900 | $247,500 | Knollwood | 20 | $10,000 |
| 26 Knollwood Dr, Cherry Hill, NJ | 4 | 2.5 | $263,500 | $257,000 | Knollwood | 23 | |
| 11 Crestview Dr, Cherry Hill, NJ | 4 | 2.5 | $299,900 | $285,000 | Lakeview | 181 | |
| 1840 Frontage Rd 1809, Cherry Hill, NJ | 2 | 1.0 | $114,900 | $108,000 | Mark 70 | 16 | |
| 1205 Farrell Ave LOT 1, Cherry Hill, NJ | 2 | 1.0 | $55,900 | $40,000 | None Available | 99 | |
| 21 Elmhurst Ave, Cherry Hill, NJ | 1 | 1.0 | $69,900 | $45,000 | None Available | 43 | |
| 226 Playa Del Sol, Cherry Hill, NJ | 2 | 2.0 | $115,000 | $105,000 | None Available | 222 | |
| 311 Monmouth Dr, Cherry Hill, NJ | 4 | 2.0 | $169,999 | $165,000 | None Available | 28 | |
| 245 W 6th Ave, Cherry Hill, NJ | 3 | 1.5 | $215,000 | $215,000 | None Available | 35 | |
| 34 Edgewood Dr, Cherry Hill, NJ | 4 | 3.5 | $579,900 | $530,000 | None Available | 40 | |
| 628 Bamford Rd, Cherry Hill, NJ | 3 | 2.5 | $279,900 | $265,000 | Old Orchard | 86 | |
| 619 Old Orchard Rd, Cherry Hill, NJ | 4 | 2.5 | $315,000 | $300,000 | Old Orchard | 62 | |
| 72 Crooked Ln, Cherry Hill, NJ | 4 | 2.5 | $284,900 | $283,000 | Olde Springs | 121 | $4,000 |
| 10 Fountain Ct, Cherry Hill, NJ | 4 | 2.5 | $399,000 | $350,000 | Olde Springs | 184 | |
| 101 Morningside Dr, Cherry Hill, NJ | 4 | 2.5 | $219,900 | $233,000 | Point Of Woods | 37 | |
| 51 Manor House Dr, Cherry Hill, NJ | 4 | 3.5 | $550,000 | $520,000 | Short Hills | 12 | |
| 412 Society Hill, Cherry Hill, NJ | 3 | 2.2 | $259,900 | $240,000 | Society Hill | 83 | |
| 609 Society Hill, Cherry Hill, NJ | 3 | 2.2 | $259,900 | $250,000 | Society Hill | 127 | |
| 1513 Chalet Dr, Cherry Hill, NJ | 4 | 2.5 | $410,000 | $397,000 | Springbrook | 76 | |
| 341 Oak Ave, Cherry Hill, NJ | 4 | 3.0 | $210,000 | $201,500 | Surrey Place | 341 | |
| 221 Nathaniel Ave, Cherry Hill, NJ | 4 | 2.5 | $300,000 | $285,000 | Surrey Place East | 7 | |
| 410 Tavistock, Cherry Hill, NJ | 2 | 2.0 | $162,000 | $160,000 | Tavistock | 10 | |
| 169 Tavistock Ct, Cherry Hill, NJ | 2 | 2.0 | $189,000 | $177,500 | Tavistock | 44 | |
| 103 Tavistock, Cherry Hill, NJ | 2 | 2.0 | $184,000 | $180,000 | Tavistock | 52 | |
| 2041 Crescent Blvd, Cherry Hill, NJ | 2 | 2.5 | $305,000 | $305,000 | The Plaza Grande | 3 | |
| 119 Mona Ct, Cherry Hill, NJ | 4 | 3.0 | $427,500 | $357,000 | Timber Cove | 185 | $3,000 |
| 17 Dunbarton Rd, Cherry Hill, NJ | 4 | 2.5 | $399,000 | $400,000 | Wexford Leas | 16 | $10,000 |
| 102 Wexford Dr, Cherry Hill, NJ | 4 | 2.5 | $439,900 | $430,000 | Wexford Leas | 14 | |
| 13 W Doris Dr, Cherry Hill, NJ | 4 | 2.5 | $395,000 | $340,000 | Wilderness Run | 98 | |
| 40 Southwood Dr, Cherry Hill, NJ | 5 | 3.5 | $575,000 | $530,000 | Wilderness Run | 31 | |
| 1201 Concord Ln, Cherry Hill, NJ | 3 | 2.2 | $289,000 | $270,000 | Willowdale | 20 | |
| 1120 Willowdale Dr, Cherry Hill, NJ | 4 | 2.5 | $299,900 | $276,000 | Willowdale | 58 | |
| 5 Dale Ct, Cherry Hill, NJ | 4 | 2.5 | $407,500 | $387,500 | Willowdale | 23 | |
| 10 S Forge Ln, Cherry Hill, NJ | 3 | 2.0 | $219,000 | $200,000 | Windsor Park | 299 | $2,000 |
| 307 Brentwood Ave, Cherry Hill, NJ | 3 | 1.5 | $259,900 | $258,000 | Windsor Park | 51 | $5,000 |
| 405 Gatewood Rd, Cherry Hill, NJ | 4 | 2.5 | $289,900 | $260,000 | Woodcrest | 219 | |
| 316 Tearose Ln, Cherry Hill, NJ | 4 | 2.5 | $299,900 | $286,000 | Woodcrest | 37 | |
| 1703 Country Club Dr, Cherry Hill, NJ | 4 | 2.5 | $339,900 | $325,000 | Woodcrest | 29 | |
| 1906 Rolling Ln, Cherry Hill, NJ | 4 | 2.2 | $365,000 | $355,000 | Woodcrest | 49 | |
| 504 Birch Dr, Cherry Hill, NJ | 5 | 2.2 | $374,900 | $374,900 | Woodcrest | 21 |
Have a great day
Make This YOUR Best Year Ever
Leander McClain, Burlington /Camden County, NJ Realtor & Real Estate Consultant, Keller Williams Realty, 1814 Route 70 E Cherry Hill, NJ 08003 856-685-1677 Direct
Search NJ & PA Home Listings @ www.NJSouthRealEstate.com
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I really enjoyed your posting this morning. Make it a great day.
I also live here in the Cherry Hill area and lower end homes are selling they always have. That isn't the problem. It's the homes over $350,000 in the area (cherry hill, haddonfield, marlton, medford) that are the problem and more home fall within $50,000 of that range then any others.
Joe,
Thanks for your response. I also live and work in Cherry Hill. I think you have to look at the facts when assesing the market in any area. As of this morning, there are 498 single family homes listed for sale in Cherry Hill. 73% of those homes are under $350K. Within the last month 118 homes have either gone under contract or settled. 82% of those homes are under $350K. If we look at the supply, you will see that there is a 4.7 month supply of homes under $350K and a 7.5 month supply for homes over $350K.
As you stated, the homes under $350K are selling well. I know from personal experience that many owners of homes that would have sold for $500K 4 years ago cannot fathom the idea that the same home today is selling for $350K. They feel that they have lost $150K in profit and they want their Realtor to get it back for them. The sad part is that many of these homeowners have been in their homes for more than 8 years and paid less than $250K. Instead of seeing $100K profit, the insist on looking at the glass as half empty. In many cases, the profit from the sale of their home could help them move on to their next stage in life...but they tend to hold onto the past instead.
Didn't mean to get so long winded with my response.
Have a great day
Leander