Burlington County New Jersey, Market Update for 2nd Quarter 2013
Market Up-Date 2nd Quarter of 2013 for Real Estate Burlington County, New Jersey, and zip codes 08016 for Burlington City; for zip code 08055 consisting of Medford, NJ, and Medford Lakes, NJ; zip code 08088 consisting of Southampton, NJ, Tabernacle, NJ, Shamong, NJ, and Vincentown, NJ; zip code 08053 consisting of Marlton or Evesham Township, NJ; and zip code 08054 for Mt. Laurel, NJ; zip code 08048 Lumberton; zip code 08060 Mount Holly.
For Burlington City, New Jersey, zip code 08016, the medium sales price for the 2nd quarter of 2013 was $179,900, down 15.9% from the year before. The actual sales price based on the original listing price was 91.3%, down 0.7% from 2012 with an average of 128 days on the market, down 11.4% from 2012. During this time period in Burlington City, NJ, closed sales accounted for 83 real estate properties, up 40.7% from 2012.
For the 2nd quarter of 2013, the medium sales price for Lumberton, New Jersey, was 290,000, an increase by 50.7% from the year before. The actual sales price based on the original listing price came to 90.66%, up 3.5% from the year before with an average of 82 days on the market, down 56% from 2012. During this time period in Lumberton, NJ, closed sales accounted for 23 real estate properties, down 37.8% from 2012.
Zip code 08060 for Mount Holly, New Jersey, the medium sales price was $202,500, down 3.1% from the same time in 2012. Real Estate Properties sold for 92.5% of the original listing price, an increase of 2.7% from 2012 with an average of 121 days on the market, down 11.0% from 2012. During the 2nd Quarter of 2013 for Mount Holly, New Jersey, closed sales accounted for 66 real estate properties, up 32% from the same time the year before.
For April, May, June, 2013, the medium sales price for Burlington County was $209,900, 0.4% down from last year; the average sales price $244,906, up 0.2% from 2012. The actual sales price received based on the original listing price was 92.22% with an average 123 days on the market. During this time period in Burlington County, New Jersey, there were 3,170 real estate properties on the market for sale, and 1358 real estate properties sold.
Zip code 08055 for Medford Township, NJ, and Medford Lakes Township, NJ, the medium sales price came to $330,250, an increase of 5.7% from 2012. Real estate properties sold for 93.8% of the original listing price, up 0.8% from 2012 with an average of 139 days on the market, up 23.3 %. During the second quarter 2013 for Medford Township, NJ, and Medford Lakes Township, NJ, closed sales accounted for 108 real estate properties, up 45.9% from 2012.
Zip code 08088 for Southampton Township, NJ; Vincentown Township, NJ; Tabernacle Township, NJ, and Shamong Township, NJ, the medium sales price was $220,000, down 0.4% from 2012. Real estate properties sold for 92.7% of the original listing price, a 0.5.3% increase from 2012 with average days of 109 on the market, 40.3% less than 2012. During this second quarter of 2013, in Southampton, NJ, Vincentown, NJ, Tabernacle, NJ, and Shamong, NJ, 99 real estate properties sold, an increase of 15.1% from 2012.
Zip code 08053 for Marlton, NJ, or Evesham Township, NJ, the medium sales price was $222,000, 4.7% less than in 2012. Real estate properties sold for 94.6% of the original listing price, an increase of 1.7% compared to 2012 with average days of 132 on the market, down 6.9% from 2012. During this second quarter of 2013, for Marlton, NJ, or Evesham Township, NJ, closed sales accounted for 180 real estate properties, an increase of 48.8% from 2012.
Zip code 08054 for Mount Laurel Township, NJ, the medium sales price was $ 200,000, a 8.5% drop from 2012. Real estate properties sold for 93.3% of the original listing price, up 1.8% from 2012 with an average of 103 days on the market, 23.5% less than in 2012. During the second quarter of 2013, for Mt. Laurel Township, NJ, closed sales accounted for 197 real estate properties, an increase of 23.1% from 2012.
