Chester County Real Estate

Chester County Real Estate Market Statistics July 2009

During the month of July 2009, there were 810 single family homes that went on the market for sale in Chester County. The average listing price was $440,000. There were 492 units that sold during the month of July 2009 for an average price of $363,000.

There was not a dramatic change from 2008 in inventory or sold price. As a matter of fact, in July 2008 homes sold on average of only $4,000 less at $367,000. The number of units sold in July 2008 was 544.

One always asks, “Where is the real estate market going in our area like Chester County?” And boy do I wish I could answer that one! I notice when the inquiries of homes for sale increase. I notice when there are more showings on current homes I am marketing for sellers. But it seems to change with the weather – and there isn’t a formula of prediction. I hope we will continue to see increased home sales for Chester County, as we have since September 2008.

Again, these statistics are more accurate taken down on a much more localized area. For a report by neighborhood or township – you can email me or leave a comment.

Chester County Real Estate

Real Estate in Chester County spreads over approximately 486,000 acres and according to the 2008 census home to 491,489 people.

When out showing houses with clients in Downingtown, PA yesterday, we discussed the different values around Chester County. The median sold price in the county was $349,000. So let’s take a look at what you can buy for $349,000 around the different parts of Chester County. If you would like a more “bird’s eye” view on your township or neighborhood, let me know. It would be interesting to zone in, because you’ve heard me say before, “Real Estate is very local.”

What house could I purchase in Chester County for $349,000?

The following table is based on Single Family homes for sale in Chester County, the school districts specified with the price from $349,000 – $350,000. What can you buy from the Main Line out to Oxford ?

What is happening out there in the Chester County Real Estate Market?

When I signed into my MLS system today, I noticed a new Market Statistics at a glance and I thought it would be perfect to highlight the figures here on WestofPhillyBurbs.com.

As always, if you have particular questions – because the real determinations are very localized – don’t hesitate to ask in an email or comment for a write up on your township, neighborhood, town.

All based on Single Family Homes in Chester County

Chester County Inventory of Houses for Sale

February 2008 3,507 (Accumulation 7.9 months)
February 2009 3,463 (Accumulation 9.6 months)

The Inventory Accumulation is based on how long it is calculated to sell the current inventory at the current rate of sales.

Chester County Market History

Settled in February 2008 285 (Median Price $309,000)
Settled in February 2009 199 (Median Price $267,000)

Year to Date in Chester County

Jan-Feb 2008 534 (Median Price $310,000)
Jan-Feb 2009 401 (Median Price $285,000)

All Residential Real Estate in Chester County Statistics.

Chester County PA includes the following areas: Atglen, Avondale, Birmingham, Caln, Charlestown, Coatesville, Downingtown, E Bradford, E Brandywine, E Caln, E Coventry, E Fallowfield, E Goshen, E Marlborough, E Nantmeal, E Nottingham, E Pikeland, E Vincent, E Whiteland, Easttown, Elk, Elverson, Franklin, Highland, Honeybrook, Kennett Square, L Oxford, London Britain, London Grove, Londonderry, Malvern, Modena, N Coventry, New Garden, New London, Newlin, Oxford, Parkesburg, Penn, Pennsbury, Phoenixville, Pocopson, S Coatesville, S Coventry, Sadsbury, Schuylkill, Spring City, Thornbury, Tredyffrin, U Oxford, U Uwchlan, Uwchlan, Valley, W Bradford, W Brandywine, W Caln, W Chester, W Fallowfield, W Goshen, W Grove, W Marlborough, W Nantmeal, W Nottingham, W Pikeland, W Sadsbury, W Vincent, W Whiteland, Wallace, Warwick, Westtown, and Willistown.