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.

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Delaware County Real Estate Market Statistics July 2009

During the month of July 2009, Delaware County, PA had 773 single family homes that were listed for sale with $280,000 as the average for sale price of those homes. Also during the month of July 2009, we saw 546 units that were sold with an average sale price of $283,000.

Let’s compare that to July 2008 when there were 910 homes that entered the market with an average list price of $286,000 and 457 homes sold with an average sale price of $300,000.

I wish I could answer where the real estate market is headed for Delaware County – but I wouldn’t be blogging if I could Looking over the past year’s numbers – the sold prices for the county jump all over the board with increases and decreases without a formula of reason. There is inventory. There are buyers looking for homes. There are sellers that need and/or want to sell their home. It’s all about finding the right match. Let’s find it for you!

Real estate data is always more accurate taken down on a localized area. For a report by neighborhood or township – you can email me or leave a comment.

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

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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 a little bit more in 2008 at 544 units.

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.

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

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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 for June 2009 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 ?

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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)

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For a personalized report of the Real Estate Activity for your area, email Kim for a copy via email.

The number of Listings decreased quite a bit from January 2008 to January 2009, this could be that only the serious sellers are selling right now. Rates are down, it’s a great time to take advantage of some excellent pricing out there!  For sellers, the days a home is on the market (DOM) increased quite a bit.  To discuss your options in Selling or Buying Delaware County Real Estate – contact Kim Wood.

Monthly Statistics for Delaware County Residential Real Estate

Criteria searched was $100,000 – $1,000,000.

All Residential Real Estate in Delaware County Statistics.

Delaware County PA includes the following areas: Aldan, Aston, Bethel, Chadds Ford, Brookhaven, Chester Heights, Chester, L Chichester, U Chichester, Clifton Heights, Collingdale, Colwyn, Concord, Darby, U Darby, E Lansdowne, Eddystone, Edgmont, Folcroft, Glenolden, Haverford, Lansdowne, Marcus hook, Marple, Media, Middletown, Millbourne, Morton, Newtown, Norwood, Parkside, Prospect Park, Nether Providence, U Providence, Radnor, Ridley Park, Ridley, Rose Valley, Rutledge, Sharon Hill, Springfield, Swarthmore, Thornbury, Tinicum, Trainer, Upland, and Yeadon..

Click Here for a Chester County Real Estate Market Report.

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