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Stanwick Rd, Moorestown

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Moorestown Real Estate - Market Updates

Here is the real estate market update on Moorestown, NJ. Moorestown, located in Burlington County, minutes from the Betsy Ross & Ben Franklin Bridges is home to many historic sites dating back to the 1800s. Mixed in with the old world charm are much newer high end developments as you'll see in the market activity.

Click for more information on Moorestown, including a picture tour

View Moorestown Sales Detail here

Comparison of Moorestown Real Estate Market from 2004 to 2007

	2004	2005	% Delta	2006	% Delta	2007	% Delta
Average Price	484,426	539,784	11.4%	568,028	5.2%	546,390	-3.8%
Y/E Median Price	377,475	467,500	23.8%	485,000	3.7%	477,500	-1.5%
Homes Sold	296	305	3.0%	221	-27.5%	237	7.2%
Average DOM	60	66	10.0%	74	12.1%	90	21.6%

For those who may not be familiar with some of the terminology:
The average price is the sum of prices of all homes sold in a certain area in a certain period, divided by the number of properties sold in the same area in that period.

The median price is the threshold which divides the market into two equal halves, in reference to pricing. One half of all homes in the market were sold at a price above the median home price, while the other half were sold below that price.

Average DOM refers to days on market. This is the amount of days that the homes that sold were active on the market.

I'm sure different people who look at this data could interpret it 100 different ways, so please look it over and if you want to discuss it further, please don't hesitate to contact me

January 2008 - Septebmer 2008 Market Stats

Monthly Statistics for the Date Range Selected

Date	Units Listed	Listed Volume	Listed Average	Pended	Units Sold	Sold Volume	Sold Average	Average DOM
Sep 2008	39	24,505,699	628,351	13	16	9,451,288	590,705	116
Aug 2008	31	26,908,398	868,012	16	25	13,015,250	520,610	85
July 2008	42	27,675,537	658,941	24	22	12,307,900	559,450	78
June 2008	38	21,714,499	571,434	14	26	15,598,715	599,950	109
May 2008	59	41,280,785	699,674	23	26	11,852,200	455,853	93
Apr 2008	58	36,871,453	635,714	24	14	7,972,600	569,471	177
Mar 2008	47	29,018,214	617,408	27	8	4,210,000	526,250	105
Feb 2008	47	38,594,510	821,159	10	8	4,503,000	562,875	103
Jan 2008	47	37,847,974	805,276	13	9	4,696,394	521,821	88

Totals:	408	284,417,069	697,100	164	154	83,607,347	542,904	103

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices	Maximum Prices	Average Prices
Original List Price : $164,900	Original List Price: $2,400,000	Original List Price: $598,470
Sold Price : $155,000	Sold Price: $1,950,000	Sold Price: $542,904

Inventory Accumulation figures are only calculated when Report End Month is the current month

Market Statistics Criteria Used
Date Range:	1/2008 to 9/2008
Price Range:	$0 to $999,999,000
Property Category:	Residential
Area:	Moorestown Twp

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