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Berkshire Hathaway HomeServices Fox & Roach RealtorsDevon Home Marketing
Center, 431 W Lancaster Avenue
Devon, PA 19333
610-651-2700

Photography For Real Estate Listings



Real Estate Photography

Hello Digital Photography Goodby MLS Books. Get Over It!

The Real Estate Listing Photograph was a very lonely creature when I first began my Real Estate Career. There was only one black and white real estate photograph that lived in the MLS Books. The MLS Books were about the size of the Yellow Pages Telephone Directory.

Today our Trend MLS and other search portals can feature up to 25 color property photos. This is a brochure showing photos of a pending sale in Chesterbrook that drew numerous showings, open house visitors and offers to purchase.

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Tredyffrin Township Condos And Townhomes



Good To Be A Tredyffrin Townhouse Buyer

Tredyffrin Townhouse Condo Market Stats

If you are a Townhouse or a Condo Buyer or Seller in Tredyffrin Township you will have seen the most real estate activity in all of Chester County Pa in the past 12 months. There were 354 units sold in Tredyffrin, followed by 195 sold in Phoenixville, 188 in East Goshen Township and 186 in West Goshen Township. Inventory is moving, however Sold prices for townhouses and condos are down 4% since June of 2010.* Read the rest of this entry »

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3 Ways Real Estate Is Like Scrabble



Scrabble and Real Estate

Scrabble rules of real estate

Perhaps you love to play Scrabble AND you have a penchant for the world of real estate like me. As a child I spent many happy Summer days playing marathon games of Monopoly with family and friends. And even today, a few running games of Scrabble on my iPhone helps keep the mental juices flowing. Now I would be the first person to acknowledge that I cringe whenever I hear someone refer to the “game of real estate”. Somehow it always makes me think of those sleazy get rich quick guys on late night TV.

We never want to think about buying or selling a home as a game, since it’s one of the most important financial and emotional events in our lives. But here are some similarities to both events that might give a little insight by way of comparison:

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Lower Merion,Radnor,Willistown-Two Mops For MSI



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



Mops, Sponges and The Months Supply of Inventory

AbsorptionRateMoplThe 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



Good New For The Tredyffrin Real Estate Market? Should I take my Listing off the market for the holidays?

TredyffrinMedianPriceSept09As 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



The 1st Annual Paoli Blues Fest and Street Fair Saturday 10/3/09

Bring Canned Goods For REACT

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



TredyffrinAug2009MSIThere 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



5th Annual Historic House Tour -Tredyffrin Historic Preservation Trust

Saturday September 19th between 12 noon and 5pm (rain or shine). Tredyffrin5thAnnualHistoricTourMark 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



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 creditEnergy Saving Tax Credit Ideas 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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