February 26, 2010
Location, Location, Location

Single-Family Homes and Condos

Single-family home sales fell 6.9 percent to a seasonally adjusted annual rate of 4.43 million in January 2010 from a level of 4.76 million in December, but are 8.6 percent above the 4.08 million pace in January 2009. The median existing single-family home price was $163,600 in January, down 0.4 percent from a year ago.

Existing condominium and co-op sales dropped 8.1 percent to a seasonally adjusted annual rate of 620,000 in January from 675,000 in December, but are 38.1 percent above the 449,000-unit level a year ago. The median existing condo price was $172,400 in January, which is 1.4 percent higher than January 2009.

Regional Performance

Existing-home sales in the Northeast fell 10.9 percent to an annual pace of 820,000 in January 2010 but are 22.4 percent above a year ago. The median price in the Northeast was $245,300, a gain of 8.8 percent from January 2009.

Posted by: Bruce

January 14, 2010
Updated Neighborhood Sales Information

Sales data for the last two years has just been incorporated into the data supplied for each of Robbinsville Township's neighborhoods. The number of sales have remained fairly constant, and as you would expect sales prices have generally declined as values are being affected by the national economy.

Posted by: Bruce

December 07, 2009
December 2009 Market Conditions

Robbinsville currently has 99 homes for sale. Through today, there have been 155 homes sold so far this year. At this rate of home sales, it would take 7 months to exhaust the supply, making this a slight buyer's market. The average sales price has been $376,563 for homes were asking an average price of $401,583.

Information from TREND MLS - Information Deemed Reliable but Not Guaranteed.

Posted by: Bruce

November 07, 2009
First-Time Homebuyer Tax Credit Extended and Expanded

It’s now official, Congress has extended and expanded the existing $8,000 homebuyers tax credit and the President signed it into law on Friday, Nov. 6th.

The new law extends the existing tax credit for Robbinsville area buyers who have not owned a home that was their principal residence in the past three years and adds some new criteria and qualifying homebuyers.

The $8,000 credit was scheduled to lapse on December 1st, 2009 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30, 2010 and close by June 30, 2010.

The income limits have been raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.

The bill also made more Robbinsville, NJ homeowners eligible to claim the credit on their taxes. First-time buyers — those who have not owned a home in the past three years — still qualify for an $8,000 rebate. But now people who want to trade up can also qualify. Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.

Posted by: Bruce

October 31, 2009
Another New Business to Open on Route 130

Jim’s Bagel and Bistro is latest of several businesses to open in the past year on Route 130. Among those joining the business community are Juliana’s Closet, Santino’s Pizza, and Bottoni Jewelers in Bottoni Plaza, on the southbound side of Route 130.

“For years, drivers sped through Robbinsville along Route 130. Now, there are more places for our residents to get what they need in town,” said Mayor Dave Fried. “Increased activity will help our existing businesses in this difficult economy.”

Posted by: Bruce

October 24, 2009
Food/Supply Drive for the Robbinsville Food Pantry

Please join the Community Outreach committee of the Robbinsville K-8 PTA as they collect donations for the Robbinsville Food Pantry. Items may be sent into school with your child(ren) and will be collected in the lobby of each school.

The Drive will start on November 2nd and continue until November 13th. The following is a suggested breakdown for donations: Macaroni and cheese, Spaghettios, instant meals, lunch box snacks (individual servings of crackers, cookies, fruit, etc.) juice boxes or bottles of juice, hygiene items (soap, toothpaste, deodorant, shampoo, etc.)

***PLEASE make sure all items are non-perishable. NO glass containers. Gift cards to local grocery stores are also accepted. ***

The Robbinsville Food Pantry, located in the Senior Center, sees between 20 and 25 families per week. Its doors are open from 8:30 a.m. to 4:30 p.m., Monday through Friday.

Thank you for your generosity!

Posted by: Bruce

October 02, 2009
Robbinsville September 2009 Home Sales

Robbinsville Township monthly sales statistics, derived from our local Multiple Listing Service known as TReND, show that 22 homes sold in Robbinsville this last month. With an average number of homes sold per month over the last year at 13 and with 121 homes currently on the market, it will take about 9 months for all the inventory to sell.

These 22 homes sold for an average price of $388,077. The average sale price for the past year has been $370,522 for a home in the township of Robbinsville.

Posted by: Bruce

September 28, 2009
NJ Turnpike Construction Update

NJDOT construction is winding down, the County has a small two week project on Route 526, and then all will be quiet for a week or two. The first contract of the NJ Turnpike widening program has come to Town. A project to replace two bridges in advance of the mainline construction has been awarded by the NJTP.

The Edgebrook Road bridge over the NJTP will be closed for 2 – 3 months in the Spring of 2011 with a detour using primarily Route 526. More....

Posted by: Bruce

August 07, 2009
Robbinsville's July Real Estate Market Conditions
The average number of monthly sales in Robbinsville has been 14 homes over the past year. Last month we had 21 sales at an average sales price of $405,795 above the yearly average of $374,757. There are currently 127 properties available in the township making this a buyer's market with 9 months of inventory accumulation.

Posted by: Bruce

June 26, 2009
Real Estate Market Conditions in Robbinsville
We are almost half way through the year and checking out the real estate market in Robbinsville reveals that houses are selling. We are averaging 14 homes sold per month, and we have 9 months of inventory unsold. Real estate is selling for about 94% of list price which is averaging $395,175.

Posted by: Bruce