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Mount Laurel Township, NJ Real Estate News

By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
The Mount Laurel Real Estate market continues to do well compared to Burlington County as a whole.  While Pended units through September are down by 86 units and Sold units are down by 66 versus the same period in 2006; listed units are also down by 118 units in the same period.  This has led to a current inventory of 480 units.  Mount Laurel has been averaging 63 units sold per month which means there is currently 7 months worth of inventory in Mount Laurel.  This compares favorably to Burlington County which has a 10 month inventory.  Year to date through September, Mount Laurel has an average sale price of $286,213 which is 4.2% higher then the sold average in 2006.  What does all this mean?  It means that Mount Laurel is a healthy and relatively balanced Real Estate Market.  The cha...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mt. Laurel, NJ Real EstateBelow you will find Mt. Laurel, NJ real estate statistics for the previous 4 weeks. July 29- Aug 4Aug5-11Aug12-18Aug19-254 Week AverageTotal Number of Homes Currently on the Market:423425427418423New Homes on the Market:2528312828Number of Homes Pending Sale:2020122319Number of Homes Sold:2612162119Number of Homes Expired from their Listing:110856Number of Homes Withdrawn from the Market:141291011Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mt. Laurel, NJ Real EstateBelow you will find Mt. Laurel, NJ real estate statistics for the previous 4 weeks. July22-28July 29- Aug 4Aug5-11Aug12-184 Week AverageTotal Number of Homes Currently on the Market:434423425427427New Homes on the Market:3225283129Number of Homes Pending Sale:1920201218Number of Homes Sold:2726121620Number of Homes Expired from their Listing:611086Number of Homes Withdrawn from the Market:91412911Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mt. Laurel, NJ Real EstateBelow you will find Mt. Laurel, NJ real estate statistics for the previous 4 weeks. July15-21July22-28July 29- Aug 4Aug5-114 Week AverageTotal Number of Homes Currently on the Market:436434423425430New Homes on the Market:3232252829Number of Homes Pending Sale:1919202020Number of Homes Sold:927261219Number of Homes Expired from their Listing:461105Number of Homes Withdrawn from the Market:69141210Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.  
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mt. Laurel, NJ Real EstateBelow you will find Mt. Laurel, NJ real estate statistics for the previous 4 weeks. July8-14July15-21July22-28July 29- Aug 44 Week AverageTotal Number of Homes Currently on the Market:429436434423431New Homes on the Market:1432322526Number of Homes Pending Sale:119192015Number of Homes Sold:109272618Number of Homes Expired from their Listing:546117Number of Homes Withdrawn from the Market:269148Average Number of Days Homes are on the Market:6565656565 Knowing the value of your home is the foundation of the selling or refinancing process.
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Welcome to The Lakes, a very popular condo & townhome community located in Mount Laurel, NJ.  The Lakes is located at the intersection of Larchmont Blvd. and Hainesport-Mt. Laurel Rd.  The development has easy accessibility to Routes 38, 295 and 130, it is 30 minutes from Philadelphia, 2 hours from NYC and only 50 minutes from Atlantic City.  It is also walking distance to the WAWA shopping center.  View Map (Satellite Hybrid) When you enter The Lakes development through Forrest Lake Dr. or Kettlebrook Dr. you are greeted with a scenic drive along the lake surrounded by trees.  There are also some walking paths along the lake. Thinking of buying in The Lakes?  Here is what you can expect to find: Condominiums - 2 Bedroom condo's run between $170k to $200k on average over the past year. ...
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Here is a snapshot of market activity in Mount Laurel NJ.  This data is from January 2007 - April 2007 for Residential sales.  I think one of the most interesting figures is that the DOM (Days on Market) has been a consistent 2 1/2 months.  Considering all the talk we hear about how long homes are sitting, 2 1/2 months is excellent as homes in Mt. Laurel continue to be in high demand.  As long as the home is priced right, this shows that home are selling! Date Units Listed Listed Volume Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Apr 2007 157 53,302,214 339,504 63 67 16,234,900 242,311 74 Mar 2007 159 49,008,866 308,231 83 62 18,263,215 294,567 75 Feb 2007 118 35,572,313 301,460 73 67 17,251,651 257,487 73 Jan 2007 107 32,487,833 303,624 70 49 12,022,000 245,34...
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Mount Laurel has five elementary schools serving kindergarten to 4th grade.  These schools are: Countryside Elementary School, Fleetwood Elementary School, Hillside Elementary School, Larchmont Elementary School, Parkway Elementary School & Springville Elementary School Each of these schools have roughly 400 students (give or take) and Parkway Elementary School was one of four schools in New Jersey recognized by the national Blue Ribbon Schools Program in the '05-'06 school year.  Which school your child would attend is based on where you live.  The following is from the school website - Countryside School: All areas north of NJ Turnpike and west of Moorestown-Mount Laurel Road, but including Stonegate. Fleetwood School: All areas north of Route 38. (Exception: Rancocas Pointe developme...
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Birchfield is a nice size development in Mount Laurel, NJ with its main entrance off of Church St.  Birchfield has just under 900 units - which are comprised of condominiums, town homes, ranchers and single family homes.  View Map (Satellite Hybrid)  As you can see by the map and the pictures, the development surrounds 3 lakes which makes for a great place to walk, run and have picnics.  Many of the condos, town homes and ranchers are built along the lake which makes for a scenic view from the homes.   There are also two tennis courts, a basketball court, a swimming pool, a playground, an exercise facility and a clubhouse which are open to resident usage.  The excercise facility has two treadmills, a recumbent bike, a weight bench, dumbbells, and a Catalina machine.  If you are interest...
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Looking for someplace to take your kids so they can burn off some steam?  Look no further then Ocean ‘n Motion in Mount Laurel, NJ.  If you live in or near Mt. Laurel, Ocean ‘n Motion is located off of Rt. 38 between Larchmont & Ark Roads.  My family has a membership for my two little ones and they love going there every once in awhile.  We also had my son's third birthday party there and the kids had a blast.  Designed for kids up to the age of 5, Ocean ‘n Motion is open for general admission everyday except Sunday.  Sunday's are reserved for private birthday parties.  There is also an area with tables & chairs to enjoy the snacks you brought or purchased there.  Some the activities that my kids enjoy include, the sandbox - who doesn't love an indoor sandbox, ballpit, jungle gym with s...
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This is an update to a post I did about a month ago on Mount Laurel Schools.  To recap, the school district was planning to create two separate middles schools.  Almost creating a situation similar to what you see with Cherry Hill East & West.  Currently in Mount Laurel, all 5th & 6th graders attend Hartford School and 7th & 8th graders attend Thomas E. Harrington.  The plan was to use these schools to create two different 5th - 8th grade schools.  Well, the public spoke loud and clear over the past month and the Board of Education listened.  Last night, in front of over 600 residents, the BOE voted against the plan 5-3. 
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Currently in the Mount Laurel, NJ school district, all 5th & 6th graders attend Hartford School and 7th & 8th graders attend Thomas E. Harrington.  A feasibility study was formed this year to look at the option of turning the schools into separate 5th - 8th grade middle schools.  Proponents of the plan say this will reduce the amount of times that kids have to change schools and help build relationships with the teachers.  Also the schools could be better designed to meet the needs of students. Superintendent Rath will present the findings of the study at the Board of Education meeting on Jan. 23rd.  If a recommendation is made, it could be voted on Jan. 30th.  Public comments will be heard at both meetings, so if you have an opinion please make it known.  My opinion...this is a bad ide...
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One of the local papers website just reported that the NJ Supreme Court has upheld Mount Laurel's right to condem 16.3 acres of land for open space. This land was originally approved for the development of 23 new homes back in 2002.  The case has been in county court, appellate court and finally supreme court.Many residents around the region, and myself included, have been watching development occur all around us. While for the most part, development is a good thing, I'm glad to see that local townships and the State of New Jersey is doing what it can to preserve what little open space is left! On the other hand, future developers may not be so happy about his ruling! In case you were wondering, the development was to be built at Elbo Lane and Hainesport-Mount Laurel Road.
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By Roxanne Ardary
(Long and Foster Real Estate Inc)
For those of you new to the area here is a quick list of websites to help you learn about the area and get the information you might want if you plan on making Mt. Laurel your new home town.General Info Mt. Laurel Township:  http://www.mountlaurel.com/Mount Laurel Schools: http://www.mtlaurelschools.org/2000 Census Information: http://censtats.census.gov/data/NJ/0603400549020.pdfMt. Laurel Library:  http://www.mtlaurel.lib.nj.us/Homes for sale in Mt. LaurelServices:Mt. Laurel Police:  http://www.mountlaurelpd.org/Municipal Authority:  http://www.mltmua.com/Fire Department: http://www.mountlaurelfire.com/Emergency Services: http://www.mlems.org/home/Maps:Google Map of Mt. LaurelFor more information about Mount Laurel, or surrounding towns in Burlington County, give me a call!
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