Hunterdon County’s Real Estate Market Conditions – as of September of 2016

Hunterdon County August sales active with 173 homes sold

market-update

(Below is a market update on the real estate and property activity in Hunterdon County – including Clinton Township, Flemington, Raritan Township, Readington Township and the Town of Clinton – as of the end of August of 2016  This information is provided by courtesy of Hunterdon County Realtor Joe Peters.)

In August of 2016, 173 properties went “under contract” in Hunterdon County, up from the 159 “under contract” properties in the prior month. During that same period, 211 properties were newly listed.  As a result, statistics compiled show an overall current supply of about 6 months (4 to 6 months is a normal market) for Hunterdon County, with an average of 95 days on the market for the units that were sold. Sales broke down as follows:

 

recap

 

  • 75 percent of sales were in houses under $500,000
  • Leaving 25 percent of sales were in houses more than $500,000
  • And, only 7 percent of those sales (or 12 sales) were in houses more than $700,000

By townOne area in Hunterdon County reported no sales at all in the past month:

  • Bloomsbury

And, these five areas had only had one or two sales each last month:

  • Frenchtown
  • Glen Gardner
  • Hampton
  • Lebanon
  • Stockton

At the same time, there were the several usual hot spots:

  • Clinton/Clinton Township with 15 sales
  • Raritan Township with 41 sales
  • Readington Township with 18 sales

These three areas combined for 43% of the sales in Hunterdon County last month. The average new listing coming on the market last month was at nearly $431,534 while the average price of a unit going “under contract” was at nearly $404,889 or 6% less.

Houses that are priced properly are selling. There is a current market for them with many active buyers. But more than ever, buyers and sellers need to be working with an experienced agent who has a strong grasp of the market conditions specific to your local area. I can share information on all of these statistics with you. Just call me at 908-238-0118. I can offer you knowledgeable and proven advice based upon my more than 20 years of experience, with a special emphasis on Hunterdon County.  Meet Joe Peters (short video)

Other conditions impacting sales in our area are:

New Jersey Home Sales:

Home purchase demand increased in New Jersey during July, rising by a plus 2%, which marks the 23rd monthly increase in a row.  On a year over year basis this gives us a 21% increase.

On a year to date basis , sales rose be by 13% vs. the prior year.  The increase has been most widely seen in the under $400,000 market where the millennial buyers are most active as they transition in to home ownership.  During the same period (priced above $2,500,000) decreased by 3% reflecting the increase in first time buyers.

At the same time, the number of homes being offered for sale in New Jersey, has remained low, and has recently decreased.  The supply has decreased by some 6,000 homes as compared to a year ago or minus 10%.  And, there are currently 22,000+ fewer (-30%) homes on the market in New Jersey than there were at our peak in NJ in 2011.

The current unsold inventory in New Jersey sits at just under 5.3 month vs. 5.9 month a year ago.

Current steady to slightly decreasing interest rates (combined with the fear of higher interest rates in the future) combined with the Fed’s slightly loosening lending standards seems to be driving the current market activity.

Interest Rates:

Interest rates have remained at just below the 3.5% level for a 30 year conventional mortgage. A fifteen year conventional mortgages is at just under the 3% range. Five and seven year arms are in the 2.75% range.

The combination of the fear of rising rates and slowly rising home prices is driving the current market.  And, we have seen several industry experts state that the economy could support a 6 to 7% interest rate making you wonder what is coming down the pike.  And, the Fed has already instituted an initial increase in rates. Most industry experts are forecasting at laeast a 1% increase for this time next year (which would decrease buying power by about 9%).

New Jersey Job Front:

On the national level the US reached full recovery in May of 2014 and saw an increase of 2,700,000+ in 2015.  After a slow start, only approximately 1,300,000 gave been reported so far year to date.  If this pace continues, the 2016 number is forecasted to be 2,200,000 jobs as compared to last years increase. This is a drop of 19%.

It should be noted, due to full-time and part-time jobs being counted equally by the BLS, these numbers are misleading. Actually, the US Economy still needs to create an additional 3+ Million jobs to achieve the same employment situation that existed prior to the start of the recession.

NJ job growth increase by 65,000+ jobs in 2015 (the best in 15 years). At that pace, NJ is on track to recover all of its jobs lost in the recession by the end 2016 (3 years later than the national level) and has recovered about 98% of those jobs to date.

However, NJ has shown an decrease of 4,700 in jobs added July after continuing its erratic record for the year so far (there were job declines in five of the first seven months in 2016) showing a gain of 8,900+ jobs year to date as compared to 34,600 jobs added last year.  The NJ unemployment rate has increased for the fifth consecutive month to 5.2% which now surpasses the overall US rate of 4.9%.

Rental Market Trends:

Prior restrictive mortgage standards have forced younger age buyers (millennials) to postpone their transition to home ownership until later in life than was previously seen.  For the most part, these potential have been living with mom and dad or sharing rentals with others in the same situation.

Yet, we are starting to see them now re-enter the rental and first time buyer markets.

The average age of our first time buyer is reported to have risen from 29 to 37 years over the past five years.

And, many older age households are selling their homes and moving into rentals to close their gap in underfunded retirement plans which were affected by the recent economic downturns.

The net result of these actions are continuing to cause rental prices to quickly rise in New Jersey (about 10% annually) and keeping rental inventory extremely low (we currently have a 3.4% vacancy rate in NJ (with the average rental price topping $1,400) as compared the national vacancy rat of 4.5%.

Contributing to the demand in rentals is the drop in home ownership in NJ which has dropped from 71% to 60% over the past 10+ years.  This is a drop of 15% in NJ as compared to a drop of 9% at the national level and contributes to the slower recovery of home prices in the state.

Foreclosures:

NJ continues to face very high foreclosure rate filings while other states have begun to, or already have recovered.

This figure varies widely by local market.  It is also impacted greatly in areas hit particularly hard by hurricane Sandy (which was just about three years ago).

The percentage of delinquent mortgage loans in NJ that are 90+ days past due has fell to 6.5 percent (which is down from 11.4% four years earlier).  This ranks NJ as number one in the country followed by NY and then FL, MI , ME,  MD and RI.  Nationally this number is just around 2.8%.

NJ is experiencing an increased rate in foreclosure filings while most states are seeing the reverse of this. In 2105 there was a 15% increase over the prior year and added an additional nearly 77,000 filings.  For 2016 the foreclosure filing rate in NJ is forecasted to be nearly 73,000, a slight improvement.  These foreclosures will continue to add pressure to home prices (especially in areas where they are concentrated).

The positive news is that in a market starved for inventory, these foreclosures are now only selling at a small discount.

Recap:

2016 has not been a normal year from the upcoming elections viewpoint to the US and NJ economy viewpoint.

Yet, we have seen a surge in home sale in central NJ in 2016.  Especially in the sub $400K market.  We are still plagued my not having enough inventory in those more popular price points and these sales increases could be even better if we had more inventory.  But, as inventory builds up as prices continue to rise (and people are no longer under water), this should have a positive effect on prices.  Year to date we have seen a 1+% rise in prices in NJ.  It is forecasted to be under 4%, but time will tell. And, it is dependent on location and price point.

We are also starting to see people in their home over 10 years thinking about making a change.  They were reluctant over the pas five or so years because of the poor economy.

We are seeing the most effect on prices in the under $400K markets where the first time buyers and millennials are shopping.  The over $500K market is holding steady to diminishing slightly depending on location and price.

And, the foreclosures are to some extent helping to offset the fewer listings.

Net, net:  As either a seller or buyer, the time could not be better to be in the market.  We have the lowest interest rates in history, a pent up demand from both a buyer and seller viewpoint and a very active market with slightly increasing prices.  Give me a call at 908-238-0118 to discuss your particular situation and let me put my expertise to work for you.

Note: The information presented is deemed accurate but not reliable or guaranteed. Reasonable precautions were taken in the preparation and presentation of this information to ensure accuracy, but the author assumed no liability for any actions taken based on this information. Some opinions expressed represent forecasts of economic conditions as the impact real estate values. All such information is solely conjecture and should be regarded as opinion only and not serve as the sole basis of any financial decision.

———————————————————–

Presented as a public service by Joe Peters of Weichert, Realtors

Call Joe at (908) 238-0118

Meet Joe Peters
View my latest monthly real estate newsletter for Hunterdon and Somerset County

question

Over 20 pages of expert guidance on the latest marketing trends

and methods for buying or selling your home by available here.

 

 

 

Hunterdon County’s Real Estate Market Conditions – for June of 2016

Hunterdon County May sales active with 204 homes sold

market-update

(Below is a market update on the real estate and property activity in Hunterdon County – including Clinton Township, Flemington, Raritan Township, Readington Township and the Town of Clinton – as of the end of May of 2016  This information is provided by courtesy of Hunterdon County Realtor Joe Peters.)

In May of 2016, 204 properties went “under contract” in Hunterdon County, up from the 200 “under contract” properties in the prior month. During that same period, 254 properties were newly listed.  As a result, statistics compiled show an overall current supply of about 5 months (4 to 6 months is a normal market) for Hunterdon County, with an average of 77 days on the market for the units that were sold. Sales broke down as follows:

recap

 

 

  • 73 percent of sales were in houses under $500,000
  • Leaving 27 percent of sales were in houses more than $500,000
  • And, only 7 percent of those sales (or 15 sales) were in houses more than $700,000

By town

Two areas in Hunterdon County reported no sales at all in the past month:

  • Milford
  • Stockton

And, these five areas had only had one or two sales each last month:

  • Bloomsbury
  • Califon
  • Flemington
  • Glen Gardner
  • Hampton

At the same time, there were the several usual hot spots:

  • Clinton/Clinton Township with 23 sales
  • Raritan Township with 50 sales
  • Readington Township with 27 sales

These three areas combined for 49% of the sales in Hunterdon County last month. The average new listing coming on the market last month was at nearly $530,357 while the average price of a unit going “under contract” was at nearly $421,103 or 21% less.

Houses that are priced properly are selling. There is a current market for them with many active buyers. But more than ever, buyers and sellers need to be working with an experienced agent who has a strong grasp of the market conditions specific to your local area. I can share information on all of these statistics with you. Just call me at 908-238-0118. I can offer you knowledgeable and proven advice based upon my more than 20 years of experience, with a special emphasis on Hunterdon County.  Meet Joe Peters (short video)

Other conditions impacting sales in our area are:

New Jersey Home Sales:

Home purchase demand increased in New Jersey during March, rising by 10,000+ home purchase contracts vs. one year ago or plus 23% , which marks the 19th increase in a row and the largest increase in February since 2005.  For the year so far , sales rose be by 21% vs. the prior year.  The increase has been most widely seen in the under $400,000 market where the millennial buyers are most active as they transition in to home ownership.

At the same time, the number of homes being offered for sale in New Jersey, has remained low, and has recently decreased.  The supply has increased slightly in last two months by some 1,100+ homes vs. one year ago or plus 2%.  And, there are currently 23,000+ fewer (-31%) homes on the market in New Jersey than there were at our peak in NJ in 2011.

The current unsold inventory in New Jersey sits at just under 5 month vs. 5.9 month a year ago.

Current steady to slightly decreasing interest rates (combined with the fear of higher interest rates in the future) combined with the Fed’s slightly loosening lending standards seems to be driving the current market activity.

Interest Rates:

Interest rates have inched up and are at just under the 3.75% level for a 30 year conventional mortgage. A fifteen year conventional mortgages is at just under the 3% range. Five and seven year arms are in the 2.86% range.

The combination of the fear of rising rates and slowly rising home prices is driving the current market.  And, we have seen several industry experts state that the economy could support a 6 to 7% interest rate making you wonder what is coming down the pike.  And, the Fed has already instituted an initial increase in rates. Most industry experts are forecasting an upper 4% number for this time next year (which would decrease buying power by about 9%).

New Jersey Job Front:

On the national level the US reached full recovery in May of 2014 and saw an increase of 2,700,000+ non-farm jobs last year.  In 2016 this number is forecasted to be 2,500,000 jobs.

It should be noted, due to full-time and part-time jobs being counted equally by the BLS, these numbers are misleading. Actually, the US Economy still needs to create an additional 3+ Million jobs to achieve the same employment situation that existed prior to the start of the recession.

NJ job growth increase by 65,000+ jobs in 2015 (the best in 15 years). NJ is on track to recover all of its jobs lost in the recession by the end 2016 (3 years later than the national level) and has recovered about 83% of those jobs to date.  However, NJ has shown a third consecutive month of job declines in March showing a loss of 3,600+ jobs year to date.  This is not forecasted to be a long term trend and it is forecasted the New Jersey’s economy will outpace most other stats over the next six months. NJ unemployment is down to 4.4% which is the lowest since 2007.

Rental Market Trends:

Prior restrictive mortgage standards have forced younger age buyers (millennials) to postpone their transition to home ownership until later in life than was previously seen.  For the most part, these potential have been living with mom and dad or sharing rentals with others in the same situation.

Yet, we are starting to see them now re-enter the rental and first time buyer markets.

The average age of our first time buyer is reported to have risen from 29 to 37 years over the past five years.

And, many older age households are selling their homes and moving into rentals to close their gap in underfunded retirement plans which were affected by the recent economic downturns.

The net result of these actions are continuing to cause rental prices to quickly rise in New Jersey (about 10% annually) and keeping rental inventory extremely low (we currently have a 3.5% vacancy rate in NJ with the average rental price topping $1,400). The national vacancy rate is now 4.4%.

Foreclosures:

NJ continues to face very high foreclosure rate filings while other states have begun to, or already have recovered.

This figure varies widely by local market.  It is also impacted greatly in areas hit particularly hard by hurricane Sandy (which was just about three years ago).

The percentage of delinquent mortgage loans in NJ that are 90+ days past due has held at 7.5 percent (which is down from 11.4% three years earlier).  This ranks NJ as number one in the country followed by NY and then FL, MI , ME,  MD and RI.  Nationally this number is just around 3.2%.

NJ is experiencing an increased rate in foreclosure filings while most states are seeing the reverse of this. In 2105 there was a 14% increase over the prior year and added an additional nearly 77,000 filings.  For 2016 the foreclosure filing rate in NJ is forecasted to be around 67,000, a slight improvement.  These foreclosures will continue to add pressure to home prices (especially in areas where they are concentrated).

The positive news is that in a market starved for inventory, these foreclosures are now only selling at a small discount.

Recap:

We still have fewer listings, an a very very active buyer market for early 2016, stable to increasing prices in some of the most popular price points and increasing interest + slightly loosening lending standards.  The result is a mixed market based on location and price point, but very active for this time of the year.  The foreclosures are to some extent helping to offset the fewer listings.  As a result, prices have continued to rise.

Note: The information presented is deemed accurate but not reliable or guaranteed. Reasonable precautions were taken in the preparation and presentation of this information to ensure accuracy, but the author assumed no liability for any actions taken based on this information. Some opinions expressed represent forecasts of economic conditions as the impact real estate values. All such information is solely conjecture and should be regarded as opinion only and not serve as the sole basis of any financial decision.

Presented as a public service by Joe Peters of Weichert, Realtors.

Meet Joe Peters
View my latest monthly real estate newsletter for Hunterdon and Somerset County

ask_joe.jpg

Over 20 pages of expert guidance on the latest marketing trends

and methods for buying or selling your home by available here.

 

 

 

Hunterdon County’s Real Estate Market Conditions – for April of 2016

Hunterdon County March sales active with 162 homes sold

market-update

(Below is a market update on the real estate and property activity in Hunterdon County – including Clinton Township, Flemington, Raritan Township, Readington Township and the Town of Clinton – as of the end of March of 2016  This information is provided by courtesy of Hunterdon County Realtor Joe Peters.)

 

In March of 2016, 162  properties went “under contract” in Hunterdon County, up from the 126 “under contract” properties in the prior month. During that same period, 319 properties were newly listed.  As a result, statistics compiled show an overall current supply of about 6 months (4 to 6 months is a normal market) for Hunterdon County, with an average of 94 days on the market for the units that were sold. Sales broke down as follows:

 

  • reca75 percent of sales were in houses under $500,000
  • Leaving 25 percent of sales were in houses more than $500,000
  • And, only 7 percent of those sales (or 11 sales) were in houses more than $700,000

By townTwo areas in Hunterdon County reported no sales at all in the past month:

  • Bloomsbury
  • Stockton

And, these five areas had only had one or two sales each last month:

  • Califon
  • Delaware
  • Frenchtown
  • Glen Gardner
  • Hampton

At the same time, there were the several usual hot spots:

  • Clinton/Clinton Township with 25 sales
  • Raritan Township with 34 sales
  • Readington Township with 21 sales

These three areas combined for 49% of the sales in Hunterdon County last month. The average new listing coming on the market last month was at nearly $525,802 while the average price of a unit going “under contract” was at nearly $431,773 or 18% less.

Houses that are priced properly are selling. There is a current market for them with many active buyers. But more than ever, buyers and sellers need to be working with an experienced agent who has a strong grasp of the market conditions specific to your local area. I can share information on all of these statistics with you. Just call me at 908-238-0118. I can offer you knowledgeable and proven advice based upon my more than 20 years of experience, with a special emphasis on Hunterdon County.  Meet Joe Peters (short video)

 

Other conditions impacting sales in our area are:

New Jersey Home Sales:

Home purchase demand increased in New Jersey during February, rising by 8,000+ home purchase contracts vs. one year ago or plus 26% , which marks the 18th increase in a row and the largest increase in February since 2005.  For the year so far , sales rose be by 22% vs. the prior year.  The increase has been most widely seen in the under $600,000 market where the millennial buyers are most active as they transition in to home ownership.

At the same time, the number of homes being offered for sale in New Jersey, has remained low, and has recently decreased.  The supply has increased slightly in February by some 1,400+ homes vs. one year ago or plus 3%.  And, there are currently 26,000+ fewer (-35%) homes on the market in New Jersey than there were at our peak in NJ in 2011.

The current unsold inventory in New Jersey sits at just under 6 month vs. 7.2 month a year ago.

Current steady to slightly decreasing interest rates (combined with the fear of higher interest rates in the future) combined with the Fed’s slightly loosening lending standards seems to be driving the current market activity.

Interest Rates:

Interest rates have inched up and are at just under the 3.75% level for a 30 year conventional mortgage. A fifteen year conventional mortgages is at just under the 3% range. Five and seven year arms are in the 2.75% range.

The combination of the fear of rising rates and slowly rising home prices is driving the current market.  And, we have seen several industry experts state that the economy could support a 6 to 7% interest rate making you wonder what is coming down the pike.  And, the Fed has already instituted an initial increase in rates. Most industry experts are forecasting an upper 4% number for this time next year (which would decrease buying power by about 9%).

New Jersey Job Front:

On the national level the US reached full recovery in May of 2014 and saw an increase of 2,700,000+ non-farm jobs last year.

It should be noted, due to full-time and part-time jobs being counted equally by the BLS, these numbers are misleading. Actually, the US Economy still needs to create an additional 3+ Million jobs to achieve the same employment situation that existed prior to the start of the recession.

NJ job growth increase by 65,000+ jobs in 2015 (the best in 15 years). NJ is on track to recover all of its jobs lost in the recession by the end 2016 (3 years later than the national level) and has recovered about 83% of those jobs to date.  However, NJ has shown a second consecutive month of job declines in February showing a loss of 24,000+ jobs year to date.  This is not forecasted to be a long term trend and it is forecasted the New Jersey’s economy will outpace most other stats over the next six months. NJ unemployment is down to 4.3% which is the lowest since 2007.

Rental Market Trends:

Prior restrictive mortgage standards have forced younger age buyers (millennials) to postpone their transition to home ownership until later in life than was previously seen.  For the most part, these potential have been living with mom and dad or sharing rentals with others in the same situation.

Yet, we are starting to see them now re-enter the rental and first time buyer markets.

The average age of our first time buyer is reported to have risen from 29 to 37 years over the past five years.

And, many older age households are selling their homes and moving into rentals to close their gap in underfunded retirement plans which were affected by the recent economic downturns.

The net result of these actions are continuing to cause rental prices to quickly rise in New Jersey (about 10% annually) and keeping rental inventory extremely low (we currently have a 3.4% vacancy rate in NJ with the average rental price topping $1,400). The national vacancy rate is now 4.4%.

Foreclosures:

NJ continues to face very high foreclosure rate filings while other states have begun to, or already have recovered.

This figure varies widely by local market.  It is also impacted greatly in areas hit particularly hard by hurricane Sandy (which was just about three years ago).

The percentage of delinquent mortgage loans in NJ that are 90+ days past due has declined slightly to 7.5 percent (which is down from 11.4% three years earlier).  This ranks NJ as number one in the country followed by NY and then FL, MI , ME,  MD and RI.  Nationally this number is just around 3.2%.

NJ is experiencing an increased rate in foreclosure filings while most states are seeing the reverse of this. In 2105 there was a 14% increase over the prior year and added an additional nearly 77,000 filings.  For 2016 the foreclosure filing rate in NJ is forecasted to be around 68,000, a slight improvement.  These foreclosures will continue to add pressure to home prices (especially in areas where they are concentrated).

The positive news is that in a market starved for inventory, these foreclosures are now only selling at a small discount.

Recap:

We still have fewer listings, an a very very active buyer market for early 2016, stable to increasing prices in some of the most popular price points and increasing interest + slightly loosening lending standards.  The result is a mixed market based on location and price point, but very active for this time of the year.  The foreclosures are to some extent helping to offset the fewer listings.  As a result, prices have continued to rise.

Note: The information presented is deemed accurate but not reliable or guaranteed. Reasonable precautions were taken in the preparation and presentation of this information to ensure accuracy, but the author assumed no liability for any actions taken based on this information. Some opinions expressed represent forecasts of economic conditions as the impact real estate values. All such information is solely conjecture and should be regarded as opinion only and not serve as the sole basis of any financial decision.

Presented as a public service by Joe Peters of Weichert, Realtors.

Meet Joe Peters
View my latest monthly real estate newsletter for Hunterdon and Somerset County

ask_joe.jpg

Over 20 pages of expert guidance on the latest marketing trends

and methods for buying or selling your home by available here.

 

 

 

Forecasted Year-Over-Year % Change in Price

Here is a chart showing our forecasted growth in NJ being 5.2% while the nation is at 5.5%.

Sounds like good news!

The reality is that most of that growth will be in the under $500K market.

That is where 80% of our sales are in Hunterdon County and 68% of our sales are in Somerset County.

You can read more about our local market activity at:

http://joepeters.wpengine.com/category/market-conditions/

Or just give me a call at 908-238-0118 to answer any question that you might have…

Presented as a public service by Joe Peters of Weichert, Realtors.

Meet Joe Peters
View my latest monthly real estate newsletter for Hunterdon and Somerset County

ask_joe.jpg

Over 20 pages of expert guidance on the latest marketing trends

and methods for buying or selling your home by available here.

Deeds filed with the Hunterdon County Clerk’s office through March 11, 2016

The following deeds have been reported to have been recorded in the Hunterdon County Hall of Records in Book 2372 and Book 2373 through March 11, 2016:

Alexandria Township

E. Scott Soper and Tara A. Soper to Matthew W. Butz and Stacy L. Butz, property at 70 Rick Road for $655,000.

Luella I. Fleck to Robert Hermann, property at 27 Little York – Pattenburg Road for $49,900.

Bethlehem Township

Thomas G. Wiebe to Kenneth E. Reiss Jr. and Meredith A. Reiss, property at 355 Tunnel Road for $360,000.

Clinton

Mehul Mehta and Ripa Mehta to Michael P. Yates and Amy B. Roth, property at 4 Old Orchard Court for $239,900.

Federal Home Loan Mortgage Corporation to Lynn H. Decker, property at 119 Old Mt. Road and 105 Railroad Ave. for $182,500.

Clinton Township

30 McCatharn Road, LLC to John A. Albright and Daniela M. Albright, property at 30 McCatharn Road for $23,000.

Frederick Plushanski and Vondelle Plushanski to Wildflower Consulting, LLC, property at 1878 Route 31 for $625,000.

Delaware Township

Frederick M. Strackhouse and Janet Mazzullo Strackhouse to Thomas Wolfe and Lori A. Wolfe, property at 9 Knoll Tavern Road for $665,000.

East Amwell Township

Tiffany J. Perangelo and Gregory L. Perangelo to Travis Anthony Monahan and Lisa Yiting Monahan, property at 34 Back Brook Road for $1,175,000.

Flemington

6 North Main, LLC, to 6NMS, LLC, property at 6 North Main St. for $362,500.

Franklin Township

Daniel E. Fernandez and Gina L. Dizzia to Crazy Acres, LLC, property at 48 Grandin Road for $340,000.

Frenchtown

Daniel Schafer and Laurie Schafer to Elizabeth M. Palmere, property at 19 Hilltop Ave. for $335,000.

High Bridge

Laura E. Kershaw to Janet L. Goldman, property at 24 Lake Avenue for $263,500.

Holland Township

Robert J. Masterson Jr. to Bryan S. Rogers and Jessica C. Rustay, property at 346 Mount Joy Road for $257,000.

Robert James Masterson III and Catherine Elizabeth Masterson, property at 167 Adamic Hill Road for $370,000

Brian J. Doyle and Harriet Joyce O’Rourke to Theodore W. Nabozny and Jill A. Nabozny, property at 532 Shire Road for $319,000.

Lambertville

Hart Venture Group, LLC to Rivers Edge Enterprise, LLC, property at 31 Coryell St. for $320,000.

Christopher P. Toohey to Jessica E. Cichalski, property at 45 North Franklin St. for $265,000.

Colin Hill and Julia Chapman to Gary Azorsky and Jeanne Markey, property at 107 Clinton St. for $599,000.

Lebanon Township

Patricia Louise Shannon and Christopher Shannon to Emily Bair and Daniel Heitkamp, property at 81 Musconetcong River Road for $190,000.

Jeffrey L. Mehl and Cheryl L. Mehl to Nicholas DeMarco and Teresa DeMarco, property at 6 Doefield Road for $695,000.

U. S. Bank Trust to Ian Smith and Brandi Rusk, property at 2 Carville Drive for $186,000.

Milford

Fannie Mae to Peter Waldron, property at 147 Park Lane for $105,000.

Raritan Township

Michele Long to Sebastiano Vitali, property at 29 Vail Lane for $451,000.

Jeanette K. Emmons to Peter Mankarious and Maryann Youssef, property at 4 Clearbrook Lane for $299,500.

Patricia P. Rowland to Robin Lyn Zeiss, property at 5 Moore Drive for $400,000.

Rosario Maricchiolo to Kalpana Maniar, property at 16 Olive Court for $283,000.

Karen A. Wright to Jonathan D. Brown and Donata G. David-Brown, property at 24 Claridge Lane for $668,000.

Readington Township

Ralph Miccio and Susan M. Miccio to Michael McGurran and Christina McGurran, property at 8 Chambers Brook Road for $349,000.

Clarence C. Morse Jr. to Thomas S. Waller and Andrea S. Waller, property at 2309 South Branch Drive for $377,500.

Barbara A. Humphries to Bridget A. Pasapane, property at 905 Spring House Drive for $348,500.

Nancylee Martin to Ronald Guth and Carol Guth, property at 188 Aster Court for $332,500.

June Zymroz to Jacqueline Librera and Frank James Librera, property at 243 Laurel Court for $240,000.

Union Township

Bruce D. Herrigel to Benjamin Kohlhepp, property at 40 Overlook Drive for $171,500.

Tara L. Fish and Nigel Fish to Stacey Lane and Heath Lane, property at 741 Mechlins Corner Road for $422,500.

West Amwell Township

Fannie Mae to Joseph R. Wright, property at 1508 Route 179 for $93,000.