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[quote="me"]There are a lot more houses for sale this year than the previous years. And the market overall is not doing well this year.

Although Cranbury has a lower property tax, this comes with a cost.

Let's roughly divide the homes in Cranbury into two groups: one that resides between the Main St. and RT-130 (G1), and the other that is the rest (G2).

In general (there are exceptions), houses in G1 have the following attributes: smaller lot, public water and sewer access, and older (except homes in Cranbury Greene). As the traffic on Rt-130 increases, the major impact to the homes in this group is the traffic noise.

In general (there are exceptions), houses in G2 have the following attributes: bigger lot (~1 acre or more), septic and/or well water, and close to farm land. Traffic noise is less of a concern (homes near Old Trenton Rd. and Dey Rd. may experience traffic noise), but lack of public water and sewer access may turn some buyers off.

Prior to the 2007 revaluation, the low property tax is a big advantage; buyers may not object owing an older home or endure slight traffic noise as long as the property tax is low. Now that the property tax is higher, buyers are likely to look for homes in competing areas like West Windsor, Plainsboro, and even Montgomery. Given the same price, homes there may offer more selections, better location (less traffic noise), bigger lot,  public water and sewer access, and/or newer homes.[/quote]

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