Lower Merion,Radnor,Willistown-Two Mops For MSI
October 28th, 2009 categories: Chester County, Delaware County, Market Trends, Montgomery County
Months Supply of Inventory/Absorption Rate:
*Lower Merion Township, Radnor Township and Willistown Township have earned two Mops for their Months Supply of Inventory and Days on Market for September 2009 as compared to September 2007. Of course the market will look a lot healthier when the volume of Sold and Under Contract transactions begins to move in a more positive direction.
|
Township |
DOM |
MSI |
#Sold |
| Lower Merion |
102 (+38%) |
10.9 (+8%) |
-14% |
| Radnor |
97 (+90%) |
8.9 (-25%) |
Level |
| Easttown |
71 (+107) |
8.9 (-3%) |
-56% |
| Willistown |
57 (+51%) |
7.8 (-36%) |
-21% |
| West Goshen |
58 (-10%) |
5.7 (-11%) |
-33% |
| East Goshen |
50 (-43%) |
4.5 (-32%) |
-4% |
As you can see Lower Merion Township (Montgomery County) has the highest Days On Market, 102 DOM and the highest Months Supply of Inventory at 10.9 MSI, an increase of 8% over September of 2007 with Radnor Read the rest of this entry »
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Tredyffrin Third Quarter Real Estate Absorption
October 20th, 2009 categories: A Realtors Life, Chester County, Financial, Home Buyers, Home Sellers
Mops, Sponges and The Months Supply of Inventory
The Third Quarter Tredyffrin Real Estate Absorption Rate is looking more like a normal real estate market instead of one drowning in inventory.
Some months I have felt like I needed a huge mop to soak up the excess inventory. And in some markets that’s still the image that resonates.
But here in Tredyffrin Township for the Third Quarter Real Estate Market, we’re showing signs of recovery. The months supply of inventory is down to 5.6 months. Keep in mind that the MSI and the Absorption Rate is based on the assumption that no new inventory is coming on the market, which is never the case.
The Months Supply of Inventory and Absorption Rates are averages, so there are definitely properties selling within days and even some with more than one offer and others, especially in luxury home price ranges, that are languishing. Read the rest of this entry »
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Tredyffrin Real Estate September 09 Market Report
October 16th, 2009 categories: Chester County, Home Buyers, Home Sellers, Market Trends
Good New For The Tredyffrin Real Estate Market? Should I take my Listing off the market for the holidays?
As the Market Dynamics for Tredyffrin Township show, all of the Median Price indicators are down for September 2009 as compared to September 2008 and September 2007.
While it’s painful to write that all of the Median Price indicators are down, we could view these statistics as a positive indicator. Read the rest of this entry »
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1st Annual Paoli Blues Fest Street Fair REACT
October 3rd, 2009 categories: A Realtors Life, Chester County, Fun Things To Do, Lifestyle
The 1st Annual Paoli Blues Fest and Street Fair Saturday 10/3/09
Bring Canned Goods For REACT
The Deb Callahan Band Plus 15 other Bands will be performing in Paoli with a FREE Concert at the location of the Paoli Village Shoppes across from the Paoli Train Station and in other Paoli area locations such as Malvern Federal, Ace Paoli Hardware (my fav for kids toys and fix it help!), CVS in Paoli Plaza and the Paoli Design Center all sponsors of the event.
Bring some non-perishable food donations to support the REACT Food Closet. Valley Forge REACT, needs your help. REACT, together with assistance from the community and members of the Tredyffrin-Easttown Fire and Police force assists area families in need every day and through the holidays.
Have fun and do good! A winning combination.
Saturday 10/3/09 12 Noon to 6pm RAIN OR SHINE!
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Tredyffrin Real Estate August 2009 Report
October 2nd, 2009 categories: Chester County, Financial, Home Buyers, Home Sellers, Market Trends
There are no shortage of opinions about our current real estate market. Just about everyone has become a real estate prognosticator.
I will say that I’ve never seen anything quite like this market in my 18 years as a Realtor. More than usual, the Buyers and Sellers appear to be marching to the beat of a different drummer. This is apparent in the disconnect between the August increase in the Median For Sale Price and the drop in the Median Sold Price and Under Contract Price.
From the 5% median For Sale price increase of $439,900 over the August 2007 Median For Sale Price of $419,500 to the 6% Median Sold price drop ($435,000) in August 2009 as compared to August 2007 Median Sold Price ($462,450), it appears that, at least here in Tredyffrin Township, Buyers and Sellers perceive the market direction very differently. Read the rest of this entry »
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Tredyffrin 5th Annual House Tour Historic Preservation Trust
September 10th, 2009 categories: A Realtors Life, Chester County, Fun Things To Do
5th Annual Historic House Tour -Tredyffrin Historic Preservation Trust
Saturday September 19th between 12 noon and 5pm (rain or shine). 
Mark your calendars for the annual tour of historic homes in Tredyffrin Township. The 5th Annual Historic House Tour Ticket Order Form can be used if you like to mail your check or you can order your Tour Tickets online at the Tredyffrin History website. Read the rest of this entry »
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Home Owners Green Tax Incentives
August 27th, 2009 categories: Chester County, Delaware County, Financial, Home Sellers, Montgomery County
Home Owners “Green” Tax Benefits Offer Savings Ideas Tucked Away in The First Time Home Buyers American Recovery and Reinvestment Act of 2009
You all know about the $8,000 First Time Home Buyer tax credit
that’s chasing down the November 30th 2009 deadline, right?
But did you know that the American Recovery and Reinvestment Act of 2009 has a nice little tax benefit and some bright ideas for current home owners if you improve your home’s energy efficiency on items like skylights (who has a skylight that doesn’t need improving?) doors, windows, and some metal and asphalt roofs. Could be as much as 30% of the cost of the project up to $1,500.
And the “green” tax credit also covers installation costs for HVAC and gas, oil and propane water heaters through December 31, 2010. Read the rest of this entry »
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Chester County Real Estate July Market Report
August 24th, 2009 categories: Chester County, Financial, Market Trends
Chester County Real Estate Market Activity-July 31, 2009*
Our July 2009 Real Estate Market Statistical Report compares the Chester County Real Estate Market Activity for July 2007 to July 2009 for Chester County Homes Sold, Chester County Homes For Sale, Median Sold, Chester County Median For Sale and Median Under Contract Real Estate Pricing.
The National Association of Realtors® reports in the NAR National Existing Home Sales Report, that for the first time in 5 years, existing home sales have increased 4 months in a row as of 8/21/09. I’m looking forward to the Market Reports for August since my intuitive impression is that the Real Estate Market in our area is alive and kickin’ again. I’m hearing more and more properties selling in record time and some even with multiple offers, especially when “priced right” and in awesome condition!
The Market Dynamics show that all Median Price indicators are down for this period: Median Sold Prices Down 2% from $310,500 to $305,000 In July 2009, Chester County Homes For Sale down 3% from $374,950 to $365,000 and Chester County Homes Under Contract down 15% from $335,000 to $285,000 in July 2009.
It’s interesting to note that Median Prices were up slightly in June of 2009, but not maintained for July 2009 Read the rest of this entry »
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766 Hedges Ln Wayne Pa Sunday Open House
August 14th, 2009 categories: Chester County, Home Sellers, Open House
766 Hedges Lane Sunday Open House 11/8/2009 2-4pm
766 Hedges Lane in Wayne Tredyffrin Township, PA 19087. This a wonderful neighborhood, quiet cul-de-sac location just minutes to the R5 Strafford Train with easy access to Philadelphia, all major corporate centers such as Great Valley, King of Prussia and Chesterbrook.
766 Hedges Lane is a very spacious home featuring 5 bedrooms, 3.5 baths and a first floor Master Bedroom Suite. There are 3 bedrooms plus 2.5 baths on the first floor providing the potential for either an in-law or au pair suite. A formal dining room and formal living room with fireplace and picture window views to a large slate stone patio plus a paneled family room comprises the overall generous square footage. Read the rest of this entry »
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Chesterbrook TownHome Tredyffrin Market Update
August 10th, 2009 categories: Chester County, Chesterbrook, Financial, Market Trends
First Time Condo Home Buyers/Investors Find Good Choices
Town Homes and Condos offer some good choices for First Time Home Buyers, Seniors downsizing and Investors because of the attractive lifestyle. The Community of Chesterbrook in Wayne 19087 Tredyffrin Township PA is one of Chester County’s most popular Town home and Condo locations. Read the rest of this entry »
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