Explore Hopewell, NJ
By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
Comments 1
Princeton Real Estate has released its Hopewell NJ real estate report, examining 2008 and the previous five years. If you are considering selling your home this year, or are wondering if this is a good opportunity to buy, this report is for you. Hopewell Real Estate Market - Key Points        Hopewell Real Estate Market Reports The average price of house sold in 2008 in Hopewell Township and Hopewell Borough (combined) was $518,579 and has decreased 9% compared to 2007. The highest average price in the last five years was in 2005, and has declined 9% since that time. The numbers of houses sold in 2008 has declined 17% compared to 2007 and 38% compared to the high of 2005. Average price has declined 2% cumulatively since 2004. Days on the market (93 in 2008) has declined 10% compared to ...
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 2
Nancy Lawson's recent Blog Post Sack Lunches has inspired me to post this letter of a solder in Iraq, Steve Webb, who is a Hopewell Fire Fighter.  Steve is asking for donations of school items for children, pencils, papers, crayons, ect. that cannot be obtained from the PX along with personal items for the men.   These items can be donated locally at the Hopewell Fire Department in Hopewell Borough on South Greenwood Avenue. The letter is long, but well worth the read. Here is Steve's letter: Hi everyone, Let me get you up to speed about what has happened to me so far here in Iraq.  First off, let me fill you in about where we are.  We are located about 65K North of Baghdad at a place called Ashraf City.  Actually, we are located just North of Ashraf, at a place called FOB Grizzly (FOB ...
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 2
Market Report As of September 30, 2008 Hopewell Borough, NJ Real Estate Activity for Hopewell Borough, Mercer County, NJ,  Residential Real Estate,  for the month of September 2008 is as follows: 4 properties were listed with an average List price of $415,725. 2 properties were sold with an average Sale price of $392,500 and 34 average days on market. Inventory Accumulations for the past 12 months; 20 properties with an average list price of $429,374 and an average of 2 months to sell, which leaves 10 properties in inventory. Interested in seeing current inventory on the market, email me: coshea@nationsrealtors.com for a complete and current list of properties.
By Desiree Daniels
(RE/MAX Tri County)
Comments 0
Monthly Statistics for the Date Range Selected Date Units Listed Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Sep 2008 39 618,346 9 19 9,457,500 497,763 85 Aug 2008 29 550,144 20 25 14,545,245 581,809 78 July 2008 24 555,741 22 30 16,691,600 556,386 78 June 2008 36 686,858 26 21 13,161,645 626,745 81 May 2008 50 589,427 25 21 10,713,162 510,150 96 Apr 2008 59 580,324 14 20 9,264,600 463,230 98 Mar 2008 40 633,001 24 13 6,530,500 502,346 88 Feb 2008 21 664,880 19 9 4,490,500 498,944 110 Jan 2008 30 663,980 11 17 9,536,200 560,952 103                 Totals: 328 612,947 170 175 94,390,952 539,376 88                  Inventory Accumulation for the Last 12 Full Months           Current Inventory * Inventory Volume Current Average Average Monthly Sales** Inventory A...
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 0
DATE UNITS LISTED LISTED VOLUME LISTED AVERAGE PENDING UNITS SOLD SOLD VOLUME SOLD AVERAGE AVERAGE DOM Aug 08 6  2,329,000 388,166 1  1 555,000 555,000 21 July 08 2 794,900 397,450 2  2 840,000 420,000 93 June 08 3 1,439,999 479,999 0  1 375,000 375,000  7 May 08 4 1,473,000 368,250 2  4 1,551,000 387,750 70 April 08 5 2,267,000 453,400 3  1 315,000 315,000 12 March 08 3 1,229,900 409,966 2  0 N/A  N/A N/A Feb 08 1 500,000 500,000 0  1  547,500 547,500 99 Jan 08 3 1,174,000 391,333 1  0 N/A N/A N/A                   Totals: 27 11,207,799 415,103 11 10 4,183,500 418,350 60   Information deemed reliable, but not guaranteed, statistics as of 9/1/2008 Intersted in BUYING or SELLING Hopewell Borough Real Estate? Contact Christine O'Shea, Realtor-Associate, NATIONS Realtors
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 1
All legislative powers of the Borough of Hopewell are exercised by the Borough Council. These powers can take the form of a resolution, ordinance or proclamation.The Borough Council meets once a month, usually the first Monday of the month, at 7:30 PM in the Court Room at Borough Hall. The Mayor presides at these meetings. These meetings are open to the public in accordance with the Open Public Meetings Act, and all public meetings have time allotted for members of the public to speak on any issues they wish to address to the Council.The Mayor appoints volunteers to serve on the various boards and commissions to assist the Borough with its duties and responsibilities to the community. If you are interested in volunteering to serve on a board or commission, contact the Mayor or Administ...
By Desiree Daniels
(RE/MAX Tri County)
Comments 1
  Monthly Statistics for the Date Range Selected Date Units Listed Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Aug 2008 2 376,000 0 1 402,500 402,500 31 July 2008 21 462,157 13 29 15,592,600 537,675 72 June 2008 32 496,597 23 19 9,311,645 490,086 84 May 2008 47 467,244 23 21 10,713,162 510,150 96 Apr 2008 55 511,964 14 19 8,089,600 425,768 99 Mar 2008 37 545,159 22 13 6,530,500 502,346 88 Feb 2008 18 501,861 19 8 3,190,500 398,812 75 Jan 2008 26 528,900 10 16 8,357,900 522,368 108                   Totals: 238 501,776 124 126 62,188,407 493,558 88                     Inventory Accumulation for the Last 12 Full Months           Current Inventory * Inventory Volume Current Average Average Monthly Sales** Inventory Accumulation *** 133 66,999,069 503,752 17 7 *Cu...
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 0
Hopewell Borough Ladies Auxiliary   The Hopewell Borough Ladies Auxiliary meets at the Borough Fire House on Thursday evenings from September till June at 7:30 p.m.  This group of ladies is strictly volunteer and they support the firefighters of the Hopewell Borough.  The ladies are the ones that come to the station on a cold winter night when there is a fire and prepare a hot meal for the weary firefighters.  They provide blankets and stuffed animals along with coffee and other drinks when there is a fire at the scene.   For the most part they are in the background of the men that they serve.  But this group is very involved and very outspoken.  They hold many fund raisers and events throughout the year.  They are in need of volunteers and give a warm welcome anyone joining the group. ...
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 0
A drive thru Hopewell Borough, in Central New Jersey today, lead me to the Farmers Market.        Located at the Historic Hopewell Train Station, this market is open on Wednesdays in season carrying local organic produce and products.                   North Slope Farm has a stand which includes blueberries and flowers.   Cherry Grove Organic Farm has beautiful greens, including cuckumbers. There is also the Village Bakery from Lawrenceville, which carries a wide variety of breads including Artisan.            The "Mushroom Stand" specializing in portabella, giving out samples and recipees for "Marvelous Mushroom Soup". It is a great stop along the way.  I like that they are open late, till around 7:00 p.m. so they can catch the crowd returning home and there is plenty of parking too.  
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 1
Market Statistics for Hopewell  Borough, January 1, 2008 thru June 30, 2008 Minimum Price             Maximum Price                 Average Price Original list Price             Original List  Price            Original List Price $255,000                          $575,000                        $430,571                 Sold Price                         Sold Price                      Sold Price $259,000                          $547,500                        $398,357   INVENTORY ACCUMULATION FIGURES ARE ONLY CALCULATED WHEN REPORT END MONTH IS THE CURRENT MONTH Market Statistic Criteria Used Date Range:                   1/2008 to 6/2008 Price Range:                   $100,000 to 10,000,000 Property Category:          Residential Area:                            Hopewell  Borough   St...
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 3
I have the privilege of having horses outside of my home.  As I sit and write this post, there are three grazing in the field outside of the window.   Horses are kind, regal, heard and grazing animals.  They do not like to be alone and need companionship of other horses or perhaps a mule or a goat.   I did not know too much about horses until about five years ago when we were looking for a property.  Every time there were horses at or near the property I was so taken with their beauty that tears would come to my eyes.   The "waterworks" got so bad that I started to wear sunglasses when viewing properties, even if I did not need them.    Finally, after much searching, we found a property with horses next door.  Shortly after that, I started to get horses.  I took a class at Rutgers in Eq...
By Christine O'Shea
(Christine E O'Shea Broker)
Comments 0
  Hopewell Boro is a quiet small town within Hopewell Township, Mercer County, NJ     The Boro of Hopewell has been named one of the "10 Best Small Towns in NJ" by New Jersey monthly magazine and one of the "25 Best Places to call Home in the Garden State". Much of the Boro has been designated an historic district.  The village was originally referred to as Hopewell Meeting House and was home to Jonathan Stout who originally hunted the land with the Lenape Indians in 1706.  He then brought his family to the land. It was home to John Hart, one of the original signers of the Declaration of Independence. In 1778 General George Washington's Army encamped on the hills above Hopewell Boro.  There were meetings in town with Generals Lee, Lafayette and Steuben to name a few. Today the Boro is h...
By Desiree Daniels
(RE/MAX Tri County)
Comments 0
Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMMar 2008147,991,000570,785152,720,500544,100209Feb 20082215,397,799699,8991794,490,500498,944110Jan 20083524,838,949709,6849179,536,200560,952103         Totals:7148,227,748679,264273116,747,200540,232122                  Inventory Accumulation for the Last 12 Full Months          Current Inventory *Inventory VolumeCurrent AverageAverage Monthly Sales**Inventory Accumulation ***183134,372,517734,276218*Current Inventory is based on the actual available properties on the date this report was created.**Average Monthly Sales is the average sales for the last 12 full months***Inventory accumulation (in months) = Current Inventory Units / Average Monthly ...
By Desiree Daniels
(RE/MAX Tri County)
Comments 1
Mercer Municipal Spotlight: Hopewell Township  Form of Government:Hopewell Township has a Township Committee form of municipal government. All Committee members are elected at large for three year terms. Each year, the Township Committee elects one of its members as Mayor. The Township Committee regular meetings are held on the first and third Mondays of each month at 7:00 p.m. in the Auditorium of the Municipal Building, located at 201 Washington Crossing- Pennington Road.Three types of governmental actions that are vested in the Township Committee and Mayor are passing resolutions, adopting ordinances and presenting proclamations. Each of these is described briefly below. Resolutions. A resolution is a formal expression of opinion, will or intent of a governing body. The Township Comm...
By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
Comments 1
What is the condition of the real estate market in Hopewell NJ and in the greater Princeton NJ area? This question continues to be on the minds of most homeowners, not just those who are currently selling or buying their house. How can we find the possible answers?You probably read the reports in the press about now being the “buyers” market and that five years ago it was the “sellers” market. By this, people usually mean who has the "upper" hand in the market, or whether there are more buyers than sellers in the market.  In the buyers market home prices usually decline, in the sellers market - home prices increase. In the real estate language buyers and sellers market are often defined  by “inventory accumulation”. This technical sounding term is a result of simple arithmetic: dividing...
By Faina Sechzer, Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
(Henderson-Sotheby's International Realty)
Comments 0
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 Princeton, Hopewell, West Windsor, Pennington and Montgomery Township 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 from 2004 to 2007.  The main points it illust...
By Desiree Daniels
(RE/MAX Tri County)
Comments 0
With the Winter upon us I am happy to report that the inventory of unsold homes in Hopewell has declined to a seven (7) month supply.   Declining supply is a great sign that our market has corrected itself and is pushing forward.    If you are considering a move you might want to consider it strongly before the year end.     If you want a no-hassle free market analysis please don't hesitate to contact myself or my team at (609) 448-2222.  We are here to answer are your real estate questions, especially regarding the Hopewell  market place. The Desiree Daniels Team...............   Here to serve you!!!         Monthly Statistics for the Date Range SelectedDateUnits ListedListed VolumeListed AveragePendedUnits SoldSold VolumeSold AverageAverage DOMNov 20070N/AN/A00N/AN/AN/AOct 200731,295,...
By Jaimie OnullNeil, Mercer County NJ Real Estate
(Re/Max Tri County)
Comments 0
Hopewell Township Voters to Be Asked to Increase Open Space Tax in November  The Hopewell Township Committee recently voted to place a referendum on the General Election ballot in November that will ask residents to approve a 1-cent increase in the Township's open space tax rate. If the referendum is passed by voters, the township open space tax rate would go from 2 cents per $100 of assessed property value to 3 cents. The increase would be in effect from Jan. 1, 2008 through Dec. 31, 2012. At the end of that time, the tax would go back to 2 cents. For the owner of a home assessed at the township average of $549,400, the 1-cent tax rate increase would mean about $55 a year in additional taxes. The ballot question will state that money raised from the 1-cent tax rate increase would be us...
By Jaimie OnullNeil, Mercer County NJ Real Estate
(Re/Max Tri County)
Comments 0
Corzine signs Green Acres, Farmland, Blue Acres and Historic Preservation Act for 2007    Hailed by open space advocates from the Hopewell Valley area and elsewhere throughout the state was Gov. Jon S. Corzine's Tuesday afternoon signing of the Green Acres, Farmland, Blue Acres and Historic Preservation Act for 2007.   This legislation places a question on the Nov. 6 ballot that asks New Jersey voters to authorize the state to issue $200 million in general obligation bonds to fund the state's successful Garden State Preservation Trust programs for one year. If approved by the voters, the money will be used to preserve open space, farmland and historic sites, and also fund the state program that purchases flood-prone properties.   The governor signed the act at the headquarters of the De...
By Jaimie OnullNeil, Mercer County NJ Real Estate
(Re/Max Tri County)
Comments 0
Items of interest to parents of Hopewell Valley Regional School District students.    - Timberlane Middle School is offering incoming sixth-graders two opportunities to visit the school prior to the official start of the year. The first opportunity will be an open house on Aug. 30 from 9-10 a.m. Parents must accompany their children to the open house, which will begin in the cafeteria with a welcome by the principal. Parents and students will be given a map of the school and invited to visit key locations within the building.   The second orientation is for students only and will take place on Sept. 5 from 7:45-10:30 a.m. Students who will be riding the bus this year will be able to ride the bus to and from school. Once at school, students will meet their teachers, get to know their tea...

Hopewell, NJ Real Estate Professionals