Robbinsville Home Values Rose 15.8% From 2010

FOR IMMEDIATE RELEASE

Contact: John Nalbone
Office of Communications & Public Information
Robbinsville Township
jnalbone@robbinsville-twp.org
(609) 918-0002 ext. 129

Robbinsville Home Values Climb 15.8% Since 2010

ROBBINSVILLE, NJ - (May 4, 2015) - Home values in Robbinsville Township shot up a staggering 15.8 percent from 2010 to 2014, according to TREND MLS (Multiple Listing Service).

In addition, the average home for sale in Robbinsville in 2014 stayed on the market for only 69 days, second to only West Windsor (51 days). In 2011, the average home in Robbinsville remained unsold for 113 days, which means houses in Robbinsville have sold 60 percent faster over the past three years.

From 2011-2014, the sale price for a Robbinsville home increased by an average of $51,399 to $376,977, compared to $325,528 in 2010.

"The things we have been doing over the last five years has resulted in Robbinsville having the fastest growing property values in all of Mercer County by almost 50 percent," Mayor Dave Fried said. "As mayor, the most important thing I can do is keep our residents safe. After that, making sure their property values remain high has to be No. 2. Assuring that Robbinsville remains a place people want to raise their families and making sure what is often people's greatest investment, their home, remains an appreciating asset is one of our highest priorities."

Of the 12 Mercer County towns analyzed, only Robbinsville (15.8), Pennington (10.4), West Windsor (9.7) and Princeton (7.0) returned increases in valuations. Trenton experienced the largest drop at -16.5 percent, with neighboring Hamilton Township declining -7.7 percent.

"This is also a very strong indicator as to how well we are doing as a municipality,'' said Mayor Fried, who cited keeping home values on the rise as an agenda staple during the 2015 State of Robbinsville Township Address April 1. "We know that grade is high based on these figures. When there is strong demand to live in our community it results in high property values. We are very excited and proud of these numbers."

-RT-