Tredyffrin Real Estate Report February 2009
March 5th, 2009 categories: Chester County, Market Trends
Chester County Pa, Tredyffrin Real Estate Market Report*
Tredyffrin Township Median Sold Price Update
Our Comparison between February 2008 and February 2009 shows a real estate market where the Median Sold Price is up 31% (from $344,000 to $450,000) and the Median For Sale Price is down 8% in a comparison of February of this year to last year (from $490,000 to $449,450) as shown in this graph with green representing the median sold price in Tredyffrin, red being median homes for sale price and blue being median homes under contract price.
Tredyffrin Supply and Demand Number of Homes For Sale, Sold
- On the Supply and Demand Side of our Tredyffrin Real Estate Market Report the number of Homes For Sale in Tredyffrin is down 11% (from 233 to 208).
- Tredyffrin Homes Under Contract in February of 2009 compared to February of 2008 is down 50% (from 38 to 19).
- The number of homes sold in Tredyffrin in February of 2009 as compared to February of 2008 is down 61% (from 18 to 7).
- and the number of Expired Listings is up 8% compared to February of 2008 (from 25 to 27).
Tredyffrin Real Estate Months Supply of Inventory and Days On Market
Tredyffrin Township Months Supply of Inventory in February of 2009 is up 91% from February of 2008 (from 4.5 months to 8.5 MSI) and the Tredyffrin Real Estate Market Days On Market is up 125% from February 2008 (from 42 DOM to 95 DOM). With the gray bars on this graph representing the MSI and the broken blue line representing the DOM for the period of February 2008 to February 2009.
The bright spot for the first of the year real estate picture in Tredyffrin is that the MSI is down from January of this year. The Months Supply of Inventory in January 2009 was 15.1 Months Supply of Inventory and has dropped to 8.5 Months Supply of Inventory in February 2009. However the Days on Market has increased from 85 DOM in January 2009 to 95 DOM in February 2009.
*data courtesy of Trend and Terradatum is deemed accurate but not guaranteed
When you need the most reliable real estate information and the best real estate market advantage to get your property marketed and sold for the highest price in the least amount of time in Chester County and the Main Line Pa area, Contact or call me, 610-889-5509, Judy Peterson, Tredyffrin Real Estate Specialist with Prudential Fox and Roach Realtors. We’ll get it right the first time with “Superb Service and Superb Results”
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|Real Estate Home Sales Indicators February 2009
February 23rd, 2009 categories: Chester County, Delaware County, Market Trends, Montgomery County
Those of us living and working in the Chester County Pa and the Philadelphia Main Line Real Estate Market can benefit from knowing the important National Housing and Home Sales Indicators* Several Real Estate Housing and Home Sales indicators will be updated this week.
We’ll be watching these Housing and Economic indicators and keeping you informed as to the overall condition of the Housing Industry as measured by these key National Housing Indicators as we move into Spring. This is a photograph I took last Spring of a flowering Cherry Tree, along the path of a walk with Daisy in Chesterbrook. I’m looking forward to Spring! It’s such a hopeful time! Read the rest of this entry »
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|The Myth of Selling A Home Once
February 12th, 2009 categories: Chester County, Home Buyers, Home Sellers
Myths and Dragons of Home Selling, Once, Twice, Thrice
On our Chester County Main Line Pa Today Real Estate Blog we talk about tips for selling your home and home buying tips in the Philadelphia Main Line and Chester County Pennsylvania area. One of those myths and dragons of real estate is the idea that you only have to sell your home once, to the buyer.
Two Spring Festivals, Chinese New Year and Mardi Gras coincide with the arrival of our Spring real estate market. And like fire breathing Dragons, real estate myths can burn up a sale really fast if you’re not careful. Some real estate myths are harmless, like Chinese New Year Paper Dragons. Even so, I want my Sellers to get to settlement and celebrate like it’s Mardi Gras! And for that we may have to slay a few myths and dragons first. Read the rest of this entry »
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|Downingtown Homes Real Estate Market Report
February 8th, 2009 categories: Chester County, Market Trends
Our Real Estate Pa Market Report update for Chester County Homes in the Downingtown, 19335 Zip Code area. This is a comparison of the Downingtown Median For Sale Price, Median Sold Price and Median Under Contract Price between January 2008 and January 2009.* Read the rest of this entry »
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|Chesterbrook Townhomes Sold-2008 Market Report
February 3rd, 2009 categories: Chester County, Chesterbrook, Market Trends
Many Chesterbrook Townhomes and Condos Sold in 2008 Tredyffrin, Chester County Pa in the past year.
Have you heard anyone say about Real Estate that, “nothing’s selling”? Well that’s a common myth these days. Throughout Chester County, and Tredyffrin Township, the perception has been that selling a home in this market is all but impossible. But the truth is that there were actually 98 Townhomes and Condos that sold in Chesterbrook between January 2008 and January 2009.*
And there were another 6 townhomes and condos that settled in January 2009.
8 Chesterbrook Townhomes sold in just this past December 2008. The townhome and condo market seems to be picking up. The average days on the market was 47 Days. In part, townhomes and condos are the perfect home choice for first time buyers and downsizing buyers.
The Community of Chesterbrook offers a lifestyle with great appeal to both first time buyers and downsizing buyers. Read the rest of this entry »
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|Chester County Real Estate-Malvern Pa 19355
January 28th, 2009 categories: Chester County, Market Trends
Chester County Malvern Pa Real Estate 4th Quarter 2008
Our Chester County Real Estate Market Report for Malvern Pennsylvania, 19355 shows good news and a rebounding real estate market in progress for Malvern, Chester County Pa.
The charming Borough of Malvern in Chester County has a neighborhood town center that’s a fun place to shop with unique specialty shops. Malvern is served by the Great Valley School District.
Malvern Pa Median Home Price Indicators*:
Homes for Sale in Malvern, Chester County Pa have a median for sale price that’s down 12% from $679,000 a year ago a median for sale price of $599,000 as of December 2008.
The Malvern Real Estate median under contract price is down 24% from $544,450 to $416,500 as of December 2008 Read the rest of this entry »
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|Chester County Homes Going Green?
January 23rd, 2009 categories: A Realtors Life, Chester County, Market Trends
The US Green Building Council
Here in Chester County and the Main Line area I’m reminded of the “trend” towards “going green” in home design and new construction. Right after the financial crises, it’s one of the hottest real estate topics of our time. The US Green Building Council has developed the Leeds Guidelines for homes and construction planning on “going green”. Public Buildings and Municipal Buildings are trending to going Green. Several local Builders are picking up the trend as well.
Kermit The Frog sang the song, “It’s Not Easy Being Green” in another context. But as we look around our local landscape, we’re curious about how easy it is to find environmentally friendly Green Home Design here in Chester County and the Philadelphia Main Line Area. It’s definitely getting easier to be environmentally conscious with new home construction. Many builders advertise that they follow green building design and construction. Be sure to ask. Read the rest of this entry »
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|766 Hedges Lane, Wayne,Tredyffrin, Pa
January 21st, 2009 categories: Chester County, Featured Listings, Home Buyers
Cape Style Home For Sale In Sought After Tredyffrin Pa
One of the features that makes 766 Hedges Lane in Chester County, Wayne,19087 Tredyffrin Townshipso appealing is the location and the Cape Style. A Cape Style Home offers all of the benefits of one level living with 3 bedrooms and 2.5 baths on the main level, plus 2 additional bedrooms and 1 bath on the second level. It’s the best of both worlds. Teens and college age family members love the privacy of the second level. And the private location at the end of a quiet cul-de-sac makes this home appealing to young families. Offering a total of 5 bedrooms and 3.5 baths, a family room and a Country Eat-in Kitchen, 2 car garage Stone Patio and .82 acre private lot in sought after Tredyffrin Easttown School District.
Do you need a possible in-law suite or aux-pair room for example? All of the room sizes are spacious and light and bright with attractive window views. A fabulous neighborhood location plus your creative decorating skills will create a wonderful home and a wise investment.
Contact or call 610-889-5509, Judy Peterson, Realtor Prudential Fox and Roach Realtors, Devon Home Marketing with ALL your real estate questions.
[where:766 Hedges Ln, Wayne, Pa 19087]
[where: 19087]
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|Chester County February Fun Things To Do
January 20th, 2009 categories: Chester County, Delaware County, Fun Things To Do
February Valentine’s Fun Things To Do
Valentines Day comes along at just the right time to warm our hearts and hearth. It’s a good time to brighten your days with some fun things to do as you dream of a Spring or a Summer stroll along the beach. Here’s my Valentine’s Day picks and some Family Fun Things To Do in Chester County and the Philadelphia Main Line Area.
January 24th to March 31st – visit Longwood Gardens to see the Orchid Extravaganza and view thousands of exotic flowers
January 31st – The Colonial Theater in Phoenixville Segal Puppet Theater and “Cowboy Capers” 40 minute interactive puppet show for children 2–7.
February 14th – First ever Valentines Day Dinner at the Conservatory in Longwood Gardens Love Blooms – Couple $275.00 for an exotic offering of Truffles, Seafood, Chocolate and Champagne with music and dancing. 7pm -11pm Read the rest of this entry »
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|Chester County Real Estate Chesterbrook Homes
January 18th, 2009 categories: Chester County, Chesterbrook, Home Buyers, Market Trends
Chesterbrook Real Estate Condo,Town Homes,Sold In Tredyffrin
A First Time Home Buyer called me about a recent Chesterbrook Sale. She asked me about the Chesterbrook Condo and Town Homes real estate market in Tredyffrin Township.
We sat down together to take a close look at the Chesterbrook Real Estate Market and the Tredyffrin Township real estate market for condos and town homes. The Median Prices Chart shows homes for sale and homes that have sold in Chesterbrook and in Tredyffrin Township. I plan to provide more Homes Sold Information to help home buyers and home sellers see that the level of market activity is greater here in Tredyffrin compared to news reports. Read the rest of this entry »
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