Warren Township Market Report,
for the 6 Months Ending February 28, 2010
Below is the home sales activity in Warren Township for the 6-month period, September 1, 2009 through February 28, 2010. During this period,
* 56 properties sold in Warren Township, 8 during the past month alone.
* The average selling price of these homes was $774,374.
* The sale price-to-list price ratio was 95%, which means that, on average, these 56 homes sold at 95% of their original list price.
* The sold homes were on the market an average of 75 days - about 2½ months, which is a reasonable time period.
Source: GSMLS
What's Happening in the Warren Township Real Estate Market, Today?
The graphs below show what the Warren Township real estate market has been like, for the past 12 months. As you can see:
* The median (middle) price of homes for sale in Warren Township is, once again, increasing, which makes the market very attractive for sellers.
* The median price per square foot has been decreasing since early 2009. This value is quite dependent on the size of the home: larger homes tend to cost more per square foot.
* Inventory (the number of homes for sale) has been decreasing, but is now leveling off. This is good news for sellers; there is a little less competition in this market.
* The number of days a home has been on the market has been increasing since last Summer, but now has begun to decrease.
 
 
The real estate market graphs are updated automatically, every week, so check back, often, to see what's happening!
If you would like to receive weekly, bi-weekly, or monthly updates about the Warren Township real estate market, just complete this simple sign-up form. I will send the market updates to your e-mail address, automatically.
FHA Loan Limits
In challenging economic times, people often wonder how they will get a mortgage. If you have saved just a small down payment, then an FHA-insured loan may of interest to you. The following widget displays the loan limits that the FHA will insure, for 5 different counties in this area. (Just click on the left and right arrows, at the top of the chart, to see the values for different counties.) As you can see, the loan limits are quite generous.
About Warren Township
For general information about Warren Township, Somerset County, NJ, please visit
Warren Township
To keep up with what's going on in Warren Township, I suggest that you become a fan of Warren Township, on Facebook.
History of Warren Township
Each of the following books provides delightful insights into the history of Warren Township:
Siegel, A.A. (2006). Warren A to Z: An Entertaining Guidebook to the 275 Year History of Warren Township, New Jersey . Lincoln, NE: iUniverse.
Siegel, A.A. (1996). Images of America: Warren Township . Dover, NH: Acadia Publishing.
Tomblin, B. (1977?). Villages at the crossroads: A history of Warren Township, 1806-1976 . Somerset County, NJ: Township of Warren.
I also encourage you to visit the website of the Warren Township Historical Society. There, you'll find fascinating articles about historical events and information about the historical sites around Warren Township.
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