July 2009 in Montgomery County, PA  there were 1,186 single family homes that went on the market and listed “for sale” with an average price of $375,000. There were 832 units that sold during the month of July 2009 with an average “sold price” of $310,000.

Looking back a year, at July 2008 in MontCo, there were 1,424 single family homes that went on the market “for sale” with an average price of $397,000.  July 2008 saw 824 units that sold for an average price of $347,000.

You can sure use the word decrease across the board while comparing 2008 and 2009.  Looking over each month in 2008 it has completely made spikes with increases and decreases in sold prices. There is no way to tell where the market is headed. If you want to sell your home, price it fairly. There are buyers out there buying homes. Talk to a professional real estate agent to learn what it takes to be a good choice within the current inventory. Buyers, let an experienced real estate agent help you narrow down the inventory to just the right home for you.

A report by neighborhood or township is available – it is a lot more accurate when you narrow down to a more localized area – you can email me or leave a comment.

Information obtained from TReND MLS – deemed reliable but not guaranteed.

Related posts:

1. Delaware County Real Estate Statistics July 2009 Delaware County Real Estate Market Statistics July 2009 During...
2. Chester County July Real Estate Data Chester County Real Estate Market Statistics July 2009 During the...
3. Chester County Real Estate Statistics Chester County Real Estate Real Estate in Chester County spreads...

Related posts brought to you by Yet Another Related Posts Plugin.

Taking into account all (8,214) Single Family Homes currently actively being marketed in the MLS in the Chester County, Delaware County, and Montgomery County area, as of today:

• 627 are 100 years and older
• 19 are considered “waterfront”
• 872 have inground Swimming Pools
• 133 are located on or close to golf course
• 1,865 do not have Central Air
• 6 have horse stalls
• 288 are considered to be a “farm”
• 6 have a structure similar to a kennel
• 243 are listed to be in a “TLC/Fix Up” condition
• 215 have 4+ car garages

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Buyers, I agree! It is a great time to purchase! The interest rates are low, there is quite a bit of inventory to chose from, and prices are reasonable! No, you can not expect to receive a “steal-of-a-deal” out there. Do they exist? Sure they do, but they are still a needle in a haystack find in our area.

However, I must also convey, there are things happening in Chester County, Montgomery County & Delaware County!

Sellers, if you are thinking of Selling, it does not necessarily mean that its a terrible time for you to sell! Is it a little worse than it was last year, or a couple of years ago? Sure, but its not as hum-drum as the nationwide news has portrayed it in our area.

Let’s look at the data, instead of just my perception…..

Chester County, PA -

In January 2007, Single Family Homes were sold at 94% of the Original List Price! (Condos were 97%). 457 Single Family Homes went under contract. (33 Condos).

In January, 2008, Single Family Homes were sold at 93% of the Original List Price! (Condos were 98%). 376 Single Family Homes went under contract. (27 Condos).

Delaware County, PA

In January 2007, Single Family Homes were sold at 93% of the Original List Price! (Condos were 94%). 503 Single Family Homes went under contract. (47 Condos).

In January, 2008, Single Family Homes were sold at 92% of the Original List Price! (Condos were 94%). 416 Single Family Homes went under contract. (31 Condos).

Montgomery County, PA has seen the most drop in the last year,

In January 2007, Single Family Homes were sold at 94% of the Original List Price! (Condos were 94%). 710 Single Family Homes went under contract. (95 Condos).

In January, 2008, Single Family Homes were sold at 92% of the Original List Price! (Condos were 94%). 560 Single Family Homes went under contract. (70 Condos).

As always, if you would like these statistics or others narrowed down by Township/Neighborhood, just ask!

To search for your home, visit my website at www.KimWood.net. Email is Kim(at)KimWood.net.

Kim Wood, REALTOR(R), RE/MAX Main Line; (610) 692-2228 Reception; (610) 692-6823 Direct.

*All numbers deemed reliable, but not guaranteed.

Related posts:

1. Delaware County Real Estate Statistics July 2009 Delaware County Real Estate Market Statistics July 2009 During...
2. Montgomery County Real Estate Stats July 2009 Montgomery County Real Estate Market Statistics July 2009 July 2009...
3. Chester County July Real Estate Data Chester County Real Estate Market Statistics July 2009 During the...

Related posts brought to you by Yet Another Related Posts Plugin.