West Windsor Weekly Market Update

Week Ending 12/11/2009

609-462-3737DonnaReilly@weichert.comwww.West-Windsor-Homes-NJ.comwww.Facebook.com/West.Windsor.Homes.NJ

CLOSED SALES THIS WEEKIn West Windsor

Address Development BRsFull

BathsPartialBaths

Days on Market

Original List Price

ClosedPrice

7 WRIGHT PLACE Westwinds 3 3 0 24 $473,900 $470,000

25 WINDSOR POND ROAD Windsor Ponds 3 2 1 31 $429,000 $423,000

405 CLARKSVILLE ROAD None Available 3 1 1 290 $319,900 $279,900

Address Development BRsFull

BathsPartialBaths

Days on Market

Original List Price

ClosedPrice

9 HUNTINGTON DRIVE PRINCETON OAKS 5 3 0 8 $695,000 $690,000

5 FAIRFAX COURT GROVERS MILL ESTATES 5 2 1 18 $579,000 $578,000

823 VILLAGE ROAD W N/A 3 2 0 35 $379,900 $375,000

236 HENDRICKSON DRIVE N/A 3 2 0 44 $375,000 $366,000

West Windsor Market Activity – 12/11/09

Active Listings

Pending in Last 30 Days

Absorption Rate in Months

New Listings in 30 Days

Listings Reduced in 30 Days

% of Invent. Reduced

Expired Listings in Last 30 Days

W/drawn Listings in Last 30 Days

Closed Listings in Last 30 Days

West Windsor: All Styles

89 9 9.8 20 14 16% 9 5 26

West Windsor Condo/ T.Houses

13 3 4.3 5 1 7% 1 1 11

West Windsor55+

15 - - - - - - - -

West Windsor Single Family

76 6 12.6 15 13 17% 8 4 15

Market Absorption Rates

Market Absorption is an industry-wide standard used to measure the current real estate market. Simply put, it is the amount of time, in

months, that it would take to sell the existing inventory at the current pace of sales, assuming no other homes come on the market.

West Windsor Township Absorption Rates

1/12

/200

9

1/26

/200

9

2/9/

2009

2/23

/200

9

3/9/

2009

3/23

/200

9

4/6/

2009

4/20

/200

9

5/4/

2009

5/18

/200

9

6/1/

2009

6/15

/200

9

6/29

/200

9

7/13

/200

9

7/27

/200

9

8/10

/200

9

8/24

/200

9

9/7/

2009

9/21

/200

9

10/5

/200

9

10/1

9/20

09

11/2

/200

9

11/1

6/20

09

11/3

0/20

090

2

4

6

8

10

12

14

16

West Windsor Single Family Absorption Rates

1/12

/200

9

1/26

/200

9

2/9/

2009

2/23

/200

9

3/9/

2009

3/23

/200

9

4/6/

2009

4/20

/200

9

5/4/

2009

5/18

/200

9

6/1/

2009

6/15

/200

9

6/29

/200

9

7/13

/200

9

7/27

/200

9

8/10

/200

9

8/24

/200

9

9/7/

2009

9/21

/200

9

10/5

/200

9

10/1

9/20

09

11/2

/200

9

11/1

6/20

09

11/3

0/20

090

10

20

30

40

50

60

70

80

West Windsor Condo/Townhouse Absorption Rates

1/12

/200

9

1/26

/200

9

2/9/

2009

2/23

/200

9

3/9/

2009

3/23

/200

9

4/6/

2009

4/20

/200

9

5/4/

2009

5/18

/200

9

6/1/

2009

6/15

/200

9

6/29

/200

9

7/13

/200

9

7/27

/200

9

8/10

/200

9

8/24

/200

9

9/7/

2009

9/21

/200

9

10/5

/200

9

10/1

9/20

09

11/2

/200

9

11/1

6/20

09

11/3

0/20

090

20

40

60

80

100

120

West Windsor Market Activity

1/12

/200

9

1/26

/200

9

2/9/

2009

2/23

/200

9

3/9/

2009

3/23

/200

9

4/6/

2009

4/20

/200

9

5/4/

2009

5/18

/200

9

6/1/

2009

6/15

/200

9

6/29

/200

9

7/13

/200

9

7/27

/200

9

8/10

/200

9

8/24

/200

9

9/7/

2009

9/21

/200

9

10/5

/200

9

10/1

9/20

09

11/2

/200

9

11/1

6/20

09

11/3

0/20

090

5

10

15

20

25

30

35

40

45

50

West Windsor Actives West Windsor Pendings West Windsor Reductions

West Windsor Township Inventory

1/12

/200

9

1/26

/200

9

2/9/

2009

2/23

/200

9

3/9/

2009

3/23

/200

9

4/6/

2009

4/20

/200

9

5/4/

2009

5/18

/200

9

6/1/

2009

6/15

/200

9

6/29

/200

9

7/13

/200

9

7/27

/200

9

8/10

/200

9

8/24

/200

9

9/7/

2009

9/21

/200

9

10/5

/200

9

10/1

9/20

09

11/2

/200

9

11/1

6/20

09

11/3

0/20

090

20

40

60

80

100

120

140

160

West Windsor Single Family Inventory

1/12

/200

91/

19/2

009

1/26

/200

92/

2/20

092/

9/20

092/

16/2

009

2/23

/200

93/

2/20

093/

9/20

093/

16/2

009

3/23

/200

93/

30/2

009

4/6/

2009

4/13

/200

94/

20/2

009

4/27

/200

95/

4/20

095/

11/2

009

5/18

/200

95/

25/2

009

6/1/

2009

6/8/

2009

6/15

/200

96/

22/2

009

6/29

/200

97/

6/20

097/

13/2

009

7/20

/200

97/

27/2

009

8/3/

2009

8/10

/200

98/

17/2

009

8/24

/200

98/

31/2

009

9/7/

2009

9/14

/200

99/

21/2

009

9/28

/200

910

/5/2

009

10/1

2/20

0910

/19/

2009

10/2

6/20

0911

/2/2

009

11/9

/200

911

/16/

2009

11/2

3/20

0911

/30/

2009

12/7

/200

9

0

20

40

60

80

100

120

West Windsor Condo/Townhouse Inventory

1/12

/200

9

1/26

/200

9

2/9/

2009

2/23

/200

9

3/9/

2009

3/23

/200

9

4/6/

2009

4/20

/200

9

5/4/

2009

5/18

/200

9

6/1/

2009

6/15

/200

9

6/29

/200

9

7/13

/200

9

7/27

/200

9

8/10

/200

9

8/24

/200

9

9/7/

2009

9/21

/200

9

10/5

/200

9

10/1

9/20

09

11/2

/200

9

11/1

6/20

09

11/3

0/20

090

5

10

15

20

25

30

35

40

45

Market Scale for Supply & Demand

High Supply/Low Demand Low Supply/High DemandNormal

Ma

rke

t A

bs

orp

tio

n in

Mo

nth

s 1

2

3

4

5

6

7

8

9

10

11

12

No

rma

l

Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values.

As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.

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