Tredyffrin Chester County Real Estate Report Dec 2008
January 8th, 2009 categories: Chester County, Market Trends
Tredyffrin Township Real Estate 4th Quarter Market Report
440 Homes Sold In Tredyffrin Township, Chester County Pa In 2008. Our one year 
comparison between December 2008 and December 2007 shows that the Median For Sale Price is up 9%, while the Median Sold Price for a home in Tredyffrin Township is down only 3%.*The key for the statistics is Green equals median sold prices, red median for sale prices and blue, median under contract prices.
And while it’s a good sign that the residual inventory (back log) is dropping, there’s a message in the For Sale Price increase and the Median Sold price Decline. Remember, it’s just a short 30 days til the Spring Market and more competition. Read the rest of this entry »
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Chester County Real Estate Market Report
January 5th, 2009 categories: Chester County, Market Trends
Chester County Real Estate Market Report-Dodging The Tsunami
The Chester County Real Estate Market Report* for the end of the 4th Quarter December
2008 is a picture of a slow real estate market. Still a Buyers Market in Chester County with 16.5 months of inventory, but not a raging Buyers Market. This is a one year comparison between December 2007 and December 2008 unlike my previous two year comparisons.
Over 5,000 homes sold in Chester County last year, despite the pounding litany of negative and often shocking news. The real estate tsunami may have passed by this part of the Philadelphia Suburbs. We’re down but we’re not out. Yet. Read the rest of this entry »
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Happy New Year 2009 From Chester County Main Line Pa Today
December 31st, 2008 categories: A Realtors Life, Chester County, Fun Things To Do
Wish you could be everywhere at once to usher in the New Year? Try some of the International Web Cams from Times Square to D.C to London and Waikiki.
Do you ever feel that there’s just not enough time in the day to do all you want to do. There will be a leap second added at the end of 2008 for all of the atomic clocks to sync with the true rotation of the earth so that the Sun remains overhead at precisely 12 noon. Seems that the Earth is occasionally a little wobbly (gosh, do you think?). Just a little more evidence, if you needed it, that 2008 is one of the quirkiest years ever. Read the rest of this entry »
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Downingtown PA Real Estate Market Report
December 19th, 2008 categories: Chester County, Market Trends
Downingtown 19335 Area Real Estate Market Report Comparison*
The Chester County, Downingtown Real Estate Market Report comparison between November 2006 and 
November 2008, reflects a market that is showing the typical seasonal adjustments as well as definite Median Sold Price Adjustments, down 10% and Supply and Demand reduction of units sold, down by 50%.
And while the Days on the Market is up 25% from November of 2006 to 70 Days On The Market, the DOM is actually down from September/October of this year and from the high of 105 Days on the Market at November of 2007, a positive indicator. Read the rest of this entry »
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Chester County Ready Notify Pa Emergency
December 17th, 2008 categories: Chester County, Delaware County, Montgomery County
Southeastern Pennsylvania Emergency Notification System
September 11th I was home watching the Today Show, in horror. I rushed to call family members across the Country to tell them not to get on any airplanes. Phone lines were already jammed. Back then I didn’t “text” so I sent an email and finally got a call through. Locally, Chester County Ready Notify Pa can not only help you be better prepared in an emergency, but it can save lives and it’s totally free for emails. There may be a small cost for text messages. Check with your provider.
Chester County Ready Notify Pa – I meant to sign up for it when I first heard about it. Sign up now. And tell your family and friends about Chester County Ready Notify Pa. I’ll have to tweak mine a little since I’m getting traffic notices I don’t need. But if you commute to the City, that might be helpful to you.
If you live in Chester County, Montgomery County, Delaware County, Bucks County or Read the rest of this entry »
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Tredyfrin Township Tackles Taxes
December 14th, 2008 categories: Chester County, Financial
The Gathering Tredyffrin Real Estate Taxes Storm
The Tredyffrin Township Board of Supervisors meets Monday December 15th, 7:30pm at the Tredyffrin Township Building to Vote on the 2009 Tredyffrin Township Budget and a proposed 5% Tax Increase. An increase that would mean:
- proposed $24 per millage rate increase from 2.18 mills to 2.4 mills
- Summer Concerts funding TBD
- Community Day Funding TBD
- postponing a Police Officer hiring, etc
- a still looming 2010/2012 projected reserves short fall
What’s a mill? One mill of tax is equal to $1 for each $1000 of property assessed value. The formula looks like this:
- Property Assessed Value X Millage rate, (mills x .001) = tax.
- for example: $100,000 Assessed Value X 2.4 mills (.0024) = $240.00
- or $100,000 Assessed Value X 2.18 mills (.00218) = $218.00
Comparing Millage Rates for Townships in Chester County we can see that Tredyffrin Read the rest of this entry »
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Schuylkill Township Chester County Market Report
December 9th, 2008 categories: Chester County, Market Trends
Schuylkill Township Chester County Pa Market Report November 2006 Vs 2008*
The Real Estate Market Report for Schuylkill Township in Chester County Pa comparison between November
2006 and November 2008 shows two of the three Supply and Demand indicators for Schuylkill Township dropping. The number of homes for sale, Months Supply of Inventory, is up 103% from 29.5 months to 60 months of inventory.
Keep in mind that these numbers for transactions are statistically small. Nevertheless, this looks like the picture of a real estate marketplace waiting for some official good news and a very strong Buyers Market. A good opportunity for those who are qualified and ready. If the median “for sale price” moderated a little more, the Inventory build up would likely start to move. Read the rest of this entry »
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Malvern Pa 19355 Real Estate Market Report
December 8th, 2008 categories: Chester County, Market Trends
Malvern Real Estate Market Report For November 2008*
The Malvern Pa 19355 Real Estate Market Report comparison between November 2006 and November 2008
for Median Prices, Supply and Demand and Sales Rate indicators shows some good news trends, especially in the Median Under Contract Price and the Days On Market. As in most areas, the Months Supply of Inventory is up more than is typical for this time of year but that’s also an indicator of our current market.
Median Under Contract Prices are up 17% from $486,950 in November of 2006 to $570,000 in November 2008, a very positive indicator. Also the Sales Rate, Days on The Market have dropped significantly from 70 days on the market in November 2006 to 49 DOM in November of 2008. This represents a 30% drop in the number of Days On The Market for Malvern Zip Code 19355, another very positive indicator. Read the rest of this entry »
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Tredyffrin PA – Puzzled By The Real Estate Market
December 3rd, 2008 categories: Chester County, First Time Home Buyers, Market Trends
Tredyffrin, Chester County Pennsylvania Real Estate Market Report
We’re puzzled in Tredyffrin Township Chester County.
From what I hear at my Open Houses, you’re puzzled about our real estate market and how it compares to other real estate markets in the news and around the country.
Tredyffrin Township, like much of the Philadelphia Suburban Real Estate Market, just doesn’t quite fit the popular real estate market mold that’s frequently commented on in the news these days. Fortunately for us, we haven’t experienced the carnage of other real estate markets.
Confidence Crises or Reality Crises?
So, we’re Waiting and Waiting – Who knows what we’re waiting for?
Maybe we’re waiting for the stroke of a pen in January. Some people say that they’re waiting for the “bottom of the market”. Read the rest of this entry »
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Christmas Fun Chester County Main Line Area
November 30th, 2008 categories: Chester County, Fun Things To Do
Christmas Holiday Things To Do Chester County Main Line Area
November 19th – January 4th “Cinderella” Ages 5 – 105 Plays at The Peoples Light and Theater
Company in Malvern, Pa
December 4th – December 7th – Celebrate “An Old Fashioned Christmas” in Downtown West Chester with family fun including the 29th Annual Christmas Parade December 5th at 6:45pm
December 6th – December 7th Adorable nature made ornaments “CrittersSale’ at the Brandywine River Museum. Tour the N. C. Wyeth Museum and see the O Gauge Railroad Christmas Display
December 5th – Malvern’s Annual Victorian Christmas Celebration on King Street in the Borough of Malvern 6:15pm to 9pm and Continues to Saturday December 6th from 11am-2pm.
December 5th.– Christmas Tree Lighting Ceremony center of Wayne, Pa Radnor Fire House and Santa Parade December 6th greeting children at The Wayne Hotel. Christmas carols by the Valley Forge Read the rest of this entry »
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