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Evesham Township, NJ Real Estate News

By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
Here's the Marlton Real Estate market update for March 2008.  Pended units for the March were down 14 and Sold units were down 18 compared 2007; listed units were down by 9 units versus 2007.  This has led to a current inventory of 462 units.  Marlton has been averaging 49 units sold per month which means there is currently 9 months worth of inventory in Marlton.  There was 7 months worth of inventory at the time of my February report.  This outperforms the overall Burlington County market, which has 10 months worth of inventory. Year to date listed units are up 38 (a 9.2% increase), pended units are down 40 (a 28.2% decrease) and sold units are down 41(a 41.4% decrease).  See how this compares to the Burlington County Market.Over the last 3 years the average number of units pended and ...
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By Lawrence Yerkes, Broker Associate, Southern New Jersey Real Estate Services
(RE/MAX Preferred)
To keep up with local Evesham (Marlton) Township news and events, the official Evesham Township web site (alternate link) maintains a community events calendar as well as local township news on their township home page.Lenape Regional School District has announcements and news about individual Evesham Schools, including Cherokee High School and also about the Lenape Regional Performing Arts Center which provides local and top professional entertainment.My Marlton posts events currently centered around the local schoolsYou can try out http://www.marlton.tv/ for news, announcements, special interests and more. Additional information is available at ...Marlton Business AssociationMarlton Recreation Council (sports)If you're keep up with the Marlton Circle controversy, view my prior article...
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By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
Here's the Marlton Real Estate market update for February 2008.  Pended units for the February were down 9 and Sold units were down 14 compared 2007; listed units however were up by 32 units versus 2007.  This has led to a current inventory of 425 units.  Marlton has been averaging 55 units sold per month which means there is currently 7 months worth of inventory in Marlton.  This outperforms the overall Burlington County market, which has 9 months worth of inventory. Year to date listed units are up 46 (a 17.1% increase), pended units are down 24 (a 27.9% decrease) and sold units are down 23 (a 42.6% decrease).  See how this compares to the Burlington County Market.Over the last 3 years the average number of units pended and sold in February was approximately 66 & 43 respectively.  Thi...
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By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
The Marlton Real Estate market started 2008 by outperforming how the Burlington County market performed as a whole.  Pended units for the January were down 13 and Sold units were down 9 compared 2007; listed units however were up by 14 units versus 2007.  This has led to a current inventory of 411 units.  Marlton has been averaging 56 units sold per month which means there is currently 7 months worth of inventory in Marlton.  This outperforms the overall Burlington County market, which has 9 months worth of inventoryOver the last 3 years the average number of units pended and sold in January was approximately 55 & 46 respectively.  This January, there were only 37 units pended and 27 units sold.  The fact that there is only 7 months worth of inventory is a more positive sign for sellers...
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By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
The Marlton Real Estate market receives a mixed review when compared to the Burlington County market as a whole for 2007.  Pended units were down 100 and Sold units were down 93 versus 2006, listed units were down by 153 in the same period.  This has led to a current inventory of 405 units.  Marlton has been averaging 57 units sold per month which means there is currently 7 months worth of inventory in Marlton.  This slightly outperforms the Burlington County market, which has 8 months worth of inventory. An inventory accumulation rate of 7 months represents a fairly balanced market given the time a year: leaning more towards buyers then sellers.Marlton had an average sale price in 2007 of $284,419 which is 5.6% lower then the sold average for 2006.  Burlington County's average sale pri...
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By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
The Marlton Real Estate market is outperforming the Burlington County market in some areas and lagging in others.  Pended units through October are down 75 and Sold units are down 88 versus the same period in 2006, listed units are also down by 161 in the same period.  This has led to a current inventory of 452 units.  Marlton has been averaging 53 units sold per month which means there is currently 8 months worth of inventory in Marlton.  This outperforms the Burlington County market, which has 10 months worth of inventory. An inventory accumulation rate of 8 months represents a fairly balanced market given the time a year: leaning more towards buyers then sellers.Year to date through October, Marlton has an average sale price of $283,346 which is 5.94% lower then the sold average in 2...
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By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
The Evesham or Marlton Real Estate market appears to be doing better than Burlington County as a whole.  Pended units through September are down by 72 units and Sold units are down by 64 versus the same period in 2006; listed units are also down by 151 units in the same period.  This has led to a current inventory of 454 units.  Marlton has been averaging 55 units sold per month which means there is currently 8 months worth of inventory in Marlton.  This is better than Burlington County which has a 10 month inventory.  Through September Marlton has an average sale price of $284,428 which is 5.2% lower then the sold average in 2006.  The average Days on Market (DOM) for the year is 67, which compares favorably to Burlington County, where the DOM is at 79.What does all this mean?  The dif...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Marlton, NJ Real EstateBelow you will find Marlton, NJ real estate statistics for the previous 4 weeks. July 29- Aug 4Aug5-11Aug12-18Aug19-254 Week AverageTotal Number of Homes Currently on the Market:416423427439426New Homes on the Market:2527332327Number of Homes Pending Sale:2112131014Number of Homes Sold:243161214Number of Homes Expired from their Listing:93756Number of Homes Withdrawn from the Market:116698Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Marlton, NJ Real EstateBelow you will find Marlton, NJ real estate statistics for the previous 4 weeks. July22-28July 29- Aug 4Aug5-11Aug12-184 Week AverageTotal Number of Homes Currently on the Market:426416423427423New Homes on the Market:3625273330Number of Homes Pending Sale:1421121315Number of Homes Sold:152431615Number of Homes Expired from their Listing:99377Number of Homes Withdrawn from the Market:16116610Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Marlton, NJ Real EstateBelow you will find Marlton, NJ real estate statistics for the previous 4 weeks. July15-21July22-28July 29- Aug 4Aug5-114 Week AverageTotal Number of Homes Currently on the Market:426426416423423New Homes on the Market:2736252729Number of Homes Pending Sale:1614211216Number of Homes Sold:211524316Number of Homes Expired from their Listing:69937Number of Homes Withdrawn from the Market:111611611Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Marlton, NJ Real EstateBelow you will find Marlton, NJ real estate statistics for the previous 4 weeks. July8-14July15-21July22-28July 29- Aug 44 Week AverageTotal Number of Homes Currently on the Market:424426426416423New Homes on the Market:3227362530Number of Homes Pending Sale:716142115Number of Homes Sold:1121152418Number of Homes Expired from their Listing:56997Number of Homes Withdrawn from the Market:411161111Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.
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By Roxanne Ardary
(Long and Foster Real Estate Inc)
Home buyers looking for condos or townhouses in Burlington County might want to consider checking out Marlton, also know as Evesham Township.  With the hustle and bustle of today's busy lifestyle, many home buyers are looking for low to no maintenance properties and Marlton has many condos and town homes  to choose from.Marlton, NJ has approximately 180 available town houses and condos for sale as of today.  Asking prices  currently range from $138,800 for a one bedroom, one bath condo up to $414,900 for a 2 story luxury townhome which includes 3 bedrooms, 2.5 bathrooms, 2 car garage, gourmet kitchen, and cedar deck.  The price range and amenities differ per community, but even the pickiest of buyers will be able to find a property that suits their needs.  Evesham is conveniently locate...
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By Roxanne Ardary
(Long and Foster Real Estate Inc)
As of today there are 407 available properties for sale in Marlton, also known as Evesham Township.  So far, a total of 607 new listings came onto the market this year.  The previous 12 full month sales average is 57 properties per sold per month.  Since January 1, 2007 289 properties went under contract (pending sale) and 220 have sold.  The average days on market is 71.  Based on the number of homes on the market (407), and the average monthly sales (57), our current inventory accumulation is 7 months; which is the amount of time it will take to sell our current housing inventory.For those interested in the Marlton housing market or Marlton real estate, the average sales price of Marlton homes year to date is $274,582.  However, properties have sold for as low as $125,000 and as high ...
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By Lawrence Yerkes, Broker Associate, Southern New Jersey Real Estate Services
(RE/MAX Preferred)
Evesham Township has announced that pursuant guidelines from the NJ State Division of Taxation and the Burlington County Board of Taxation, a reassessment of all property in the township including residential, land and commercial has begun.According to the township, "There are 16,494 parcels that have to be reassessed: 15,085 residential; 522 commercial; 746 vacant and 141 farmland. This process will take a little over two years. Although parcel inspection will begin immediately, new values will not be established until October of 2007. The new assessment will take affect for tax year 2008."  Each neighborhood within the township will be receiving more information as the inspectors prepare to come to their development.Click here for more details about Evesham Township's assessment and a...
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By Lawrence Yerkes, Broker Associate, Southern New Jersey Real Estate Services
(RE/MAX Preferred)
Marlton, another name for the original center of Evesham Township, is a census-designated place (CDP), located in Burlington County.   It has a good mix of residential neighborhoods with great schools, businesses and shopping centers.Marlton's name is derived from marl, which is a naturally occurring mixture of green clay with remnants of shells that was sold for use as a fertilizer and in the 1800's was instrumental for Marlton's growth. "Marlton" is still used by locals more often than "Evesham" to identify the general township area and, depending on location within the township, the mailing address is also Marlton, NJ". Marlton's and Evesham's zip code are both 08053.   Almost all road signs reference Marlton, not Evesham Township. Regardless of what you call it, the area is a great ...
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By Lawrence Yerkes, Broker Associate, Southern New Jersey Real Estate Services
(RE/MAX Preferred)
Elimination of the Marlton (70-73) Circle (Evesham Township, Burlington County) is tentatively set to begin in October, 2007 [Update: New estimates are for Spring 2008].  It will depend, in part, on when the nearby Berlin Circle (Berlin Township, Camden County), located further south on Route 73 and currently under construction, will be completed.The Marlton Circle Elimination is in its Final Design phase. Construction is estimated to cost $30 million and if it [had begun by] October 2007 [would have been] completed by Fall 2009.  According to a NJ Department of Transportation (NJDOT) spokesman, the elimination of the Marlton Circle is one of NJDOT's top priorities. Elimination of the Marlton Circle will hopefully resolve the following problems: • Congestion. It takes seven to ten minut...
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