 Home | Profile | Archives | Blog Manager Recent PostsCinnaminson Housing Statistics - 2000 thru 2007Underground Heating Oil Tank Removal Grants Camden County Activities The Camden County Freeholder Board’s 2008 Budget Reassessment or Reevaluation in your Town  RSS Blog FeedCategoriesBurlington CountyCamden County Cherry Hill Cinnaminson Delran Evesham/Marlton FHA Greeting - HouseJeanie Team Haddonfield Home Inspections Legislature - New Jersey Maple Shade Market Statistics Medford Moorestown Mortgage Information Mount Laurel New Construction Palmyra Philadelphia, Delaware Valley Real Estate and The Internet Reynard Run Riverton Schools Selling Your Home Taxes Delanco VA Loan Voorhees Home Buyers HUD Seniors Tenant Information Favorite LinksActive Listings from the MLSHouseJeanie Website HUD Sales HouseJeanie Team ArchivesJune 2008Cinnaminson Housing Statistics - 2000 thru 2007Posted at 1:25 PM, Jun. 9, 2008Cinnaminson, New Jersey Housing Statistics - 2000 thru 2007 It is helpful to look at statistics of housing sales to understand what has happened to the market and to help us take a peek into the future. With this in mind I have used the housing statistics of Cinnaminson New Jersey from the 1st quarter 2000 through to the 1st quarter 2008. All the information has been taken from our local MLS (TrendMLS). The earliest detailed sales records Trend MLS are from January 2000. At first look it is seen that the Real Estate boom, at least in Cinnaminson, house listing and sold prices steadily rose from the 1st quarter 2000 to the last quarter 2005. From the last quarter 2005 to the first quarter 2008 we have had a correction to the price rise. This trend actually follows the returning visitor count on the house search section of my website HouseJeanie.com. During the 1st quarter 2006 the returning visitor count dropped to 1/2 of the previous years. From the 2nd quarter 2006 to the 1st quarter 2008 the return visitor count has remained fairly even. The housing sold Days On Market (DOM) were volatile all through the 2000-2005 period. Some houses were sold in a day and some, that were priced higher, took longer to sell. Since the 1st quarter 2006 the DOM has fluctuated some but the DOM has risen to an average of 100 days for the homes sold in the 1st quarter 2008. Keep in mind that the DOM statistics are only for the homes sold. This can be deceiving because in this market where the new listing exceed the homes sold the market the growing number homes for sale exceed the number of buyers. There will be some homes that will take a very long time to sell because they are not priced correctly with respect to the market and when they sell will be sold at a price reduced from the listed price. So where does this leave the market in Cinnaminson at this point? We are still finding multiple offers on homes in good condition that are priced correctly. If you look at the 1st quarter statistics of 2008 the average sold price exceeds the average listed price by 4.63% indicating we have a relatively strong market. Interest rates have edged up a little, however, the interest rates are still at a very good level (30 year fixed rate 6%; 30 year FHA 6.25%). The economy is a concern across the country, however, these concerns do not seem to be effecting the housing market in Cinnaminson. There are exceptions however, the average price of homes sold in 2005-2006 is below the average price of homes sold in the 1st quarter 2008. Homeowners in Cinnaminson, if you are thinking about selling your home, the market is just fine, the pricing is just leveling off. Put your home in good showing condition, get a REALTOR® to price your home and put your home on the market.
Bart Erickson, e-PRO, SRS
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Underground Heating Oil Tank Removal GrantsPosted at 1:11 PM, Jun. 4, 2008Underground Heating Oil Tank Removal Grants
On August 6, 2006 the NJ Economic Development Authority (NJEDA) implemented a program that will reimburse homeowners who remove their non leaking underground heating oil tanks. A homeowner can receive up to $1,200.00 for the removal of a non-leaking underground oil tank and up to $3,000.00 for the removal of a non-leaking underground oil tank and the installation of a new aboveground oil tank. The forms that are required can be downloaded at njeda.com or oiltanksnj.com. Once the tank has been removed and it is confirmed that it has not leaked the application package can be submitted along with the required $250.00 application fee to the NJEDA. The applicant should receive their checks in 4-6 weeks.
In the event that the oil tank has leaked the same fund at the NJEDA can pay for the clean up costs that are not covered by a tank protection plan and homeowners insurance policy. The NJEDA Fund can even cover any insurance deductible that the homeowner may have to pay. Once the tank is removed and it is found to be leaking we investigate the soil beneath the tank and assess if the groundwater has been impacted by the heating oil. We assist the homeowner in placing a claim with their insurance carrier and facilitate the grant application process when applicable.
In order to qualify for a grant the applicant has to have a annual taxable income of less than $250,000 and a net worth of less than $500,000 not including the value of the applicant’s primary residence and retirement savings ( 401K/IRA/Pension). The applicant can be the owner or in certain cases the occupant of the residence.
These grants are also available to non-profit organizations with less than 100 employees and estates, depending on the equity in the estate. These grants can also be available to remove a tank or remediate a discharge at a second home, a rental property and even a commercial property, but certain restriction do apply.
Meridian Environmental Services, Inc. is a full service environmental consulting and contracting organization specializing in the removal of underground storage tanks and the remediation of soil and groundwater contamination. We are NJDEP Certified, fully insured and have over 30 years of experience. We have offices in Toms River and Medford, NJ and serve all of New Jersey. We can be reached at 732-281-1900 and 609-654-0660 to discuss any of your environmental concerns. Please visit our website at www.meridianenvironmental.com. This information has been provided by our guest writer Anthony Salvemini of Meridian Environmental Services, Inc. if you have a tank problem, give them a call. - The HouseJeanie Team Camden County ActivitiesPosted at 9:04 AM, Jun. 4, 2008The QUAKER CITY STRING BAND kicks off the Twilight Concert Series at Cooper River Park on June 26. It is one of five special events scheduled in June, including an open air showing of the classic film “Shrek”; on Friday, June 13, at Cooper River Park and the Parrot Beach band performing on Friday, June 13, at Lindenwold Park. Details are available on camdencounty.com. |
