Here it is...the July 2007 Moorestown Real Estate Update. This past month, 30 homes sold with an average price of $551k. In addition, 14 other homes went under contract. What is interesting to note is that the number of homes being listed for sale has continually dropped the past 3 months. As the summer heats up, looks like the amount of homes on the market is starting to inch downwards.
On average, homes are on the market about 3 months before they sell. In all, the average price for Moorestown continues to hover around the $600k mark.
As of today, there are 179 homes currently for sale. This ranges from the $200k cape to the multi million dollar mansion. So if you are interested in living in Moorestown, you're sure to find a home regardless of your price range.
Here is a snapshot of activity over the past 3 months:
|
Date |
Units Listed |
Listed Volume |
Listed Average |
Pended |
Units Sold |
Sold Volume |
Sold Average |
Average DOM |
|
July 2007 |
28 |
18,334,500 |
654,803 |
14 |
30 |
16,534,100 |
551,136 |
104 |
|
June 2007 |
48 |
32,961,803 |
686,704 |
23 |
28 |
17,560,899 |
627,174 |
86 |
|
May 2007 |
61 |
41,250,487 |
676,237 |
23 |
16 |
9,657,000 |
603,562 |
138 |
|
|
|
|
|
|
|
|
|
|
|
Totals: |
137 |
92,546,790 |
675,524 |
60 |
74 |
43,751,999 |
591,243 |
105 |
If you have any questions about Moorestown, please feel free to contact me - a REALTOR® who has lived in town! You can also Search Moorestown Homes for Sale at my website.
--> Click for more information on Moorestown, including a picture tour
Based on information from Trend for the month of July 2007 on August 9 2007
