Pennington, NJ Real Estate News

By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Pennington, NJ 08534 - Flat Fee MLS Listing $395 114 Ingleside Ave Pennington, NJ 08534 - Realtors welcome, buyer agent commission paid at MLS#6168483 3 Beds 2 Baths This beautiful two-story raised ranch style home is totally renovated inside and outside. Move in condition with many extras. Close to schools, parks, shopping and a new hospital. Only 5 minutes to get all major roads to NY & PA . Excellent school system. Extra 520 square feet of finished family room in downstairs has walk out distance to the garden. The house has a big stone patio (312sq. feet). Incredible view from every window to the quiet wooded area. Shed for garden tools. Oil heat, h/w floors, ceramic tiles, brick fireplace and many more. Oversize garage plus 6 cars parking space on the long ...
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By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Pennington, NJ 08534 - Flat Fee MLS Listing $395 106 Treymore CT Pennington, NJ 08534 - Realtors welcome, buyer agent commission paid at MLS#5968529 3 Beds 3 Baths Beautifully maintained, renovated townhouse, backing to a wooded area. The first level with upgraded hardwood flooring (bamboo and oak) flows from the spacious living and dining room to a 2 story family room with a wall of windows overlooking an upgraded and serene backyard. A gourmet kitchen with stainless steel appliances, faces the family room for easy entertaining. A half bath and storage closet complete the first floor. Upstairs two bedrooms share a renovated bathroom with newer tile and other accessories. The king sized master suite features a vaulted ceiling with recessed lighting and fan, wal...
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By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Pennington, NJ 08534 - Flat Fee MLS Listing $395 112 S Main St Pennington, NJ 08534 - Realtors welcome, buyer agent commission paid at closing ! Please check listing details here at MLS# 5916713 . 5 bedrooms, 4 bathrooms Completely remodeled with modern conveniences, 95 % green design, and old world craftsmanship. Public:A rare opportunity to own an historic property in the heart of the borough, completely remodeled with modern conveniences, 95 % green design, and old world craftsmanship. Three stories of charm including hard wood floors throughout; gorgeous custom kitchen with granite, marble, and stainless steel appliances; main floor laundry and mud room; master bedroom with private bath and walk-in closet; and three-zone temperature control. Stunning Brazil...
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By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Pennington, NJ 08534 - Flat Fee MLS Listing $395 106 Route 31 S Pennington, NJ 08534 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 5895792 . 2 bedrooms, 1.5 bathrooms Non Use Attic, Kitchen With NookBar, Fully Carpeted, CableTVWired, Laundry in Basement, Electric Cooking, Bedroom 2 is 15x14, 1 Half Bath on Main Floor, 1 Full Bath on Upper Floor, Master Bedroom is on Upper Level, Second Bedroom is on Upper Level. If you are interested in this Home for Sale By Owner in Pennington, NJ 08534- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 5895792 . . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see ...
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By Desiree Daniels
(RE/MAX Tri County)
Monthly Statistics for the Date Range Selected Date Units Listed Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Sep 2008 4 448,350 2 3 1,499,500 499,833 60 Aug 2008 5 435,349 0 3 1,172,400 390,800 45 July 2008 2 582,000 1 3 1,994,000 664,666 25 June 2008 3 464,800 5 6 3,168,400 528,066 60 May 2008 6 578,816 4 4 2,216,500 554,125 51 Apr 2008 9 508,866 2 5 1,817,000 363,400 111 Mar 2008 5 566,480 9 0 N/A N/A N/A Feb 2008 5 655,280 1 0 N/A N/A N/A Jan 2008 7 496,857 1 3 1,443,000 481,000 126                 Totals: 46 525,392 25 27 13,310,800 492,992 70                   Inventory Accumulation for the Last 12 Full Months           Current Inventory * Inventory Volume Current Average Average Monthly Sales** Inventory Accumulation *** 20 10,584,150 529,207 3 6 *Curren...
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DATE UNITS LISTED LISTED VOLUME LISTED AVERAGE PENDING UNITS SOLD SOLD VOLUME SOLD AVERAGE AVERAGE DOM Aug 2008 5 2,238,799 447,759 0 3 1,172,400 390,800 45 July 2008 2 1,164,000 582,000 1 3 1,994,000 664,866 25 June 2008 3 1,394,400 464,800 5 6 3,168,400 528,066 60 May 2008 6 3,472,900 578,816 4 4 2,216,500 554,125 51 April 2008 9 4,659,800 517,755 2 5 1,187,000 363,400 111 March 2008 5 2,882,400 576,480 8 0 N/A N/A N/A Feb 2008 5 3,276,400 655,280 1 0 N/A N/A N/A Jan 2008 7 3,478,000 496,857 1 3 1,433,000 481,000 126                   Totals 42 22,566,699 537,302 22 24 11,811,300 492,137 71  
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By Christine O'Shea
(Christine E O'Shea Broker)
The Jersey Fresh Festival is this weekend, Saturday and Sunday August 9th and 10th at the Hopewell Valley Vineyards, 46 Yard Road, Pennington between noon and 5 p.m.    The festival includes live music, food vendors and is held rain or shine.    Admission is $10.    Located in Mercer County, New Jersey, Hopewell Valley Vineyards is in Pennington, Hopewell Twp.  The Hopewell Valley Vineyards is owned b y Sergio and Barbara Neri.  Sergio is a native of Milan Italy and purchased the 75 acres in Pennington in the late 1990's and started growing his own grapes in 2001.  Currently Hopewell Valley Vineyards has 21 acres of Grapes planted.   New Jersey, known as the garden state, has approximately 25 wineries to date and is the fifth largest wine producing state in the U.S.   The Festival shoul...
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By Desiree Daniels
(RE/MAX Tri County)
Monthly Statistics for the Date Range Selected Date Units Listed Listed Volume Listed Average Pended Units Sold Sold Volume Sold Average Average DOM June 2008 3 1,469,900 489,966 2 4 2,163,500 540,875 63 May 2008 6 3,576,400 596,066 4 4 2,216,500 554,125 51 Apr 2008 8 4,487,700 560,962 2 5 1,817,000 363,400 111 Mar 2008 5 2,926,400 585,280 8 0 N/A N/A N/A Feb 2008 5 3,281,400 656,280 1 0 N/A N/A N/A Jan 2008 7 3,478,000 496,857 1 3 1,443,000 481,000 126                   Totals: 34 19,219,800 565,288 18 16 7,640,000 477,500 87                    Inventory Accumulation for the Last 12 Full Months           Current Inventory * Inventory Volume Current Average Average Monthly Sales** Inventory Accumulation *** 21 11,547,600 549,885 3 7 *Current Inventory is based on the actual available p...
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By Wayne Zelenak
(Weidel Realtors)
Have you ever wondered where integrity and service in the marketplace has gone.  When dealing with business and government agencies there seems to be an attitude of indifference and intolerance by employees in epidemic proportion.  Employees seem to hate their jobs, their employers, and even their customers.  Conversations in restaurants, around the water cooler, and social engagements stem around complaining about everything.  Are people that unhappy, if so they should stop, take inventory, and make the necessary changes.I have been investing in real estate for over 30 years, and I consider it our passion.  My wife and I enjoy purchasing a home, remodeling it and taking pride in our accomplishments.  As a Sales Associate with Weidel Realtors, this passion is also felt by me when I find...
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By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
How long does it take to sell my house? Is the real estate market going to get much worth in the new 2008? Home buyers and sellers in Pennington New Jersey continue to ask these questions heading into the spring market.I don’t believe that national “Prophets”  know exactly what will happen in each local real estate market. General economic indicators are that the markets will not get much better in terms of home sales prices. Instead of predicting the future we can look at the historic data. One indicator of the real estate market is how long does it take to sell a house, or what is called in the real estate speak “Days on the market” or DOM. The chart examines the DOM for five towns Montgomery Township, Hopewell, Pennington, West Windsor, and Princeton from 2004 to 2007.  The main poin...
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  Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMJan 20080N/AN/A00N/AN/AN/ADec 20072694,900347,450141,259,900314,975110Nov 200741,736,000434,00022955,000477,50013Oct 200772,076,900296,700231,640,000546,66686Sep 200752,901,500580,300531,600,000533,33379Aug 200721,180,000590,000331,245,000415,00036July 2007114,487,450407,950231,773,000591,00046June 200763,202,400533,733361,979,000329,833120May 200763,473,750578,958741,859,900464,97559Apr 200783,839,000479,87522570,000285,000111Mar 200794,354,900483,877531,085,000361,666141Feb 2007114,665,000424,090331,121,975373,991138Jan 200762,109,000351,500331,448,622482,874136         Totals:7734,720,800450,919383916,537,397424,03593                  Inventory ...
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By Jaimie OnullNeil, Mercer County NJ Real Estate
(Re/Max Tri County)
Shown from left are: Vito Casano; Vito's employee Pasquale DeStasio; Councilman Weed Tucker; Mayor Tony Persichilli; Nat Casano, Vito's father and owner of Vito's Pizza; County Executive Brian Hughes with son Sullivan Hughes; Councilman Robert Di Falco. Moved from 4 N. Main to 2 N. Main, Pennington    Downtown Pennington without the old Vito's Pizza?   For a long time, that's been pretty hard to imagine. Vito's set up shop at 4 N. Main St. in the late 1980s and literally since its first day of operation has been one of the most briskly patronized businesses in the Hopewell Valley area.   More than an eatery, it's been a gathering place for people of all ages.   Typical sights at Vito's - A table surrounded by grade-school-age children in soccer uniforms eating pizza, next to a table wit...
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By Jaimie OnullNeil, Mercer County NJ Real Estate
(Re/Max Tri County)
Pennington Borough Council approved the following resolutions at its regular meeting Monday night.    · A resolution ratifying the agreement between the borough and Formosa of Hopewell, Inc. ensures that Formosa enlarges the external grease interceptor system at 12 S. Main St. in order to provide sufficient capacity for its two restaurants, Sumo Sushi and Gelato, at the location. The work is to be completed in 60 days, or by Sept. 10.    · A resolution authorizing a payment of $1,765 to Patterson Chevrolet, Inc. for an additional furnishing to a four-wheel drive pickup truck. The truck was originally delivered to the Public Works Department without the required fiberglass cap and this payment reflects that cost.    · A resolution to include the $2,000 grant from the Department of Enviro...
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By Jaimie OnullNeil, Mercer County NJ Real Estate
(Re/Max Tri County)
Pennington Residents to Face Water and Sewer Rate Hike  On May 7, the Pennington Borough Council unanimously approved a 13 percent water and sewer rate hike. Under the new ordinance, residents' average quarterly water and sewer bill will go up an estimated $10 to $235. According to township officials, there was an 8 percent rate increase last year and 24 percent in 2005. There were no increases for five years prior to that.Council argued that several factors drove the need for the 13 percent increase, especially the 6.5 percent increase in water and sewer utility operation costs last year. In addition, a dramatic decline in water and sewer connection fees is expected this year and the borough's water and sewer budget will finish paying off the debt service on the nearly completed new bo...
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By Jaimie OnullNeil, Mercer County NJ Real Estate
(Re/Max Tri County)
  Stony Brook Watershed Included in the State's Water Quality and Purification Plan   On April 22, New Jersey Department of Environmental Protection Commissioner Lisa Jackson introduced a new state plan to improve water quality by preventing runoff from construction. The proposed rules would affect the Stony Brook watershed, as well as 15 other waterways and reservoirs across the state, by blocking sewers and development from nearby streams. The Stony Brook runs through Hopewell, as well as parts of Pennington and the Princetons. The proposed rules would require that water-quality plans include reductions in pollutions to offset any added construction within 300 feet of the protected streams. In addition, municipalities and counties would be required to update their plans for wastewater...
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By T. Christopher Hill
(RE/MAX TRICOUNTY)
 Select your    Pennington New Jersey property search criteria and choose daily or weekly updates, We'll automatically search the entire local MLS database and e-mail you every listed property in Pennington New Jersey  matching your criteria. You'll know about the hottest properties first, often before many Realtors even know about them!To activate your free Pennington Automated Home finder Service, click here.If you need to speak to someone live, call me anytime at   609-575-6323   
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By Desiree Daniels
(RE/MAX Tri County)
Municipal Government Overview: Pennington Borough  Pennington operates under the borough form of local government where the Mayor is elected at large to a four-year term. Six Council members are elected at- large to staggered three-year terms.The Mayor retains all general law authority, presides over council meetings and can vote in case of a tie. The Mayor appoints, with the advice and consent of the council, all subordinate and officers of the municipality.The Council is the legislative body of the Borough. All executive responsibilities not placed in the office of the Mayor by general law or the Borough law, lies with the Council.Like the other traditional forms of local government in New Jersey, the Borough Mayor may appoint an administrator and delegate all or a portion the executi...
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