Other Free Encyclopedias » Real Estate » Real Estate

Princeton New Jersey Real Estate - Princeton Real Estate Overview

market city sales university

Princeton, NJ is a small community located in southern New Jersey about half way between Philadelphia and New York City. The city has a population of only around 15,000, but it is the home to the University of Princeton which is one of the premier universities in the world. The University of Princeton should bring a consistent level of demand to the Princeton, New Jersey real estate market. While Princeton is a relatively wealthy town, the Princeton, New Jersey real estate market has gone through a fair amount of turmoil over the past few years.

The median sales prince in the Princeton, New Jersey real estate market has gone through a lot of fluctuation the past few years. In early 2004 the medians sales price in the Princeton, New Jersey real estate market was around $450,000. As the real estate market boomed nationwide, the median sales price in Princeton increased to over $550,000. Since the market began to fall apart in early 2007, the median sales price in the Princeton, New Jersey real estate market has fallen back to around $450,000.

While the housing prices in Princeton have fluctuated a lot over the last few years, the city has not had nearly as much problems with foreclosures that other markets have. This could be due to the fact that the University of Princeton has consistently been a large employer of the city despite economic turmoil facing the country. In March of 2010, the Princeton, New Jersey real estate market had a default rate of just 1 in every 1,613 households receiving a notice of default.

Pueblo Colorado Real Estate - Real Estate in Pueblo, Colorado [next] [back] Princeton Homes For Sale - An Outline of Princeton Homes for Sale

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or