81 Pebble Ln, Blackwood
Valleybrook | Gloucester Twp NJ | Summer 2022 | Summer 2023 market Comparison
Valleybrook offers both townhomes and condos for sale, and it's interesting to observe the changes in the real estate market over the course of these two summers. Let's compare the statistics for both years to see how the market evolved.
Check out up to date Valleybrook Blackwood NJ Active and sold homes
Summer of 2022:
Total Homes Sold: 17
Average Days on Market: 19
Average Original List Price: $239,724
Average Sold Price: $249,495
Total Sales Volume: $4,241,409
Percentage of Asking Price Achieved: 104%
Bank-Owned Sales: 2
Cash Buyers: 5
Conventional Financing: 10
FHA Financing: 2
Summer of 2023:
Total Homes Sold: 9
Average Days on Market: 16
Average List Price: $297,732
Average Sold Price: $312,778
Percentage of Asking Price Achieved: 105%
Bank-Owned Sales: 0
Cash Buyers: 2
Conventional Financing: 4
FHA Financing: 3
Now, let's analyze these statistics and see how the two summers compare:
Market Activity:
In the summer of 2022, there were 17 homes sold, while in the summer of 2023, the number dropped to 9. Of course this indicates a decrease in the volume of sales in 2023.
HOWEVER! (see below)
Pricing:
In 2023, there was a noticeable increase in both the average list price and the average sold price. The average list price in 2023 was $297,732, significantly higher than the average list price of $239,724 in 2022. Similarly, the average sold price increased to $312,778 in 2023 from $249,495 in 2022. This suggests that property prices in Valleybrook appreciated between the two summers and homes in Valleybrook are still very desirable.
Selling Efficiency:
The average days on the market decreased from 19 days in 2022 to 16 days in 2023. This indicates that properties were selling faster in the summer of 2023, potentially due to higher demand or improved market conditions.
Financing Trends:
In both years, cash buyers were present, but their numbers decreased from 5 in 2022 to 2 in 2023. Conventional financing remained relatively stable, with 10 buyers in 2022 and 4 buyers in 2023. FHA financing increased slightly from 2 buyers in 2022 to 3 buyers in 2023.
Bank-Owned Sales:
There were 2 bank-owned sales in 2022, but none in 2023. This could be a positive sign, indicating a healthier market with fewer distressed properties.
Percentage of Asking Price Achieved:
Both years saw properties selling for more than their original list prices, with 104% in 2022 and 105% in 2023. This suggests that sellers had some negotiating power in both years, but it improved slightly in 2023.
In summary, the real estate market in Valleybrook experienced a drop in the number of homes sold in the summer of 2023 compared to 2022. However, this decline did not negatively impact property prices, which actually increased. Properties were selling faster, and there were no bank-owned sales in 2023, indicating a potentially more stable and competitive market. Overall, the summer of 2023 showed signs of a robust and appreciating real estate market in Valleybrook.
- Thinking about listing your home? Contact Dave Sulvetta - Valleybrook all-time top-selling realtor at Dave@DaveSulvetta.com or 856.889.8163
- Check out Valleybrook's Real-Time Market Stats
Valleybrook Active Homes

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