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Debra Leskow
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GRI- Graduate Realtor Institute
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DEBRA LESKOW, REALTOR, GRI
Licensed Real Estate Agent ... show more
Licensed Real Estate Agent ... show more
Debra Leskow answered:
Hi Jim,
Good question -- and one most homeowners are asking. The average home value in Moorestown in 2006 was $568,028 and reflects the peak of the market. As of the end of 2008 (the last full year recorded), the average home value had dropped to $534,894 which was a decline of almost 6 percent. Homes prices have continued to decline in Moorestown into 2009, with declines from May 2009 year to date sales down 3% when compared to the same period in 2008. That being said, housing prices in Moorestown have held very well throughout this period of economic unrest. Owning a home in Moorestown remains a great investment...and it's a nice place to live!
This information has been compiled using Trend/MLS data for Moorestown, NJ.
Good question -- and one most homeowners are asking. The average home value in Moorestown in 2006 was $568,028 and reflects the peak of the market. As of the end of 2008 (the last full year recorded), the average home value had dropped to $534,894 which was a decline of almost 6 percent. Homes prices have continued to decline in Moorestown into 2009, with declines from May 2009 year to date sales down 3% when compared to the same period in 2008. That being said, housing prices in Moorestown have held very well throughout this period of economic unrest. Owning a home in Moorestown remains a great investment...and it's a nice place to live!
This information has been compiled using Trend/MLS data for Moorestown, NJ.
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