First Time Home Buyer Tax Credit Cliff Hanger
October 30th, 2009 categories: Financial, First Time Home Buyers, Home Buyers, Home Sellers, Market Trends
First Time Home Buyer Credit Cliff Hanger . . . To Be Continued!
The Senate is working on approving The First Time Home Buyer Tax Credit Extension. Part of the proposal is to Expand The Home Buyers Credit for existing home sellers/home buyers but so far there is no Senate Vote. Possibly next week there may be a vote ready to go to the House and from there who knows?
From Soap Operas like Days of Our Lives (”tune in tomorrow for the next exciting episode”), to Dallas, we’re drawn to cliff hangers. Who didn’t tune in to find out, Who Shot JR? Read the rest of this entry »
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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 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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Blog Action Day 2009 Global Climate Change Think Small
October 15th, 2009 categories: A Realtors Life, Financial, Lifestyle, Market Trends
Blog Action Day
2009 l Climate Change
Today is Blog Action Day 2009 l Global Climate Change is the topic that Bloggers around the world have agreed to write about with the goal of raising awareness on one critical issue that impacts each of us. Climate Change and Climate Control are big issues! Big enough to be overwhelming. But we need to resist the temptation to do nothing. We each need to accept responsibility for the future our planet in big and small ways.
I’m a proud Mom who’s often inspired by my two children and 3 precious grand children. As a real estate agent I spend my professional life helping families. And so it’s no surprise to me that our children and young people are the hope of our future. We need to educate ourselves as well as support and follow the efforts of our Children For Climate Change.
When my children were young they loved the children’s literature from a series called, “The Borrowers” by Mary Norton. The Borrowers were a secret Read the rest of this entry »
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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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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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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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Tredyffrin Homes For Sale May 2009 Market Snapshot
June 30th, 2009 categories: Chester County, Financial, Market Trends
Tredyffrin Township, Chester County Pa Real Estate Market Snapshot May 2009
Real Estate Market Snapshot Table For Tredyffrin Township comparing the
Number of Homes For Sale in Tredyffrin, Homes Under Contract, Homes Sold, New Listings that came on the market, the Residual Inventory (homes already in the market place or “backlog”), the Median For Sale Price for Tredyffrin and the Median Under Contract and Median Sold Price for Tredyffrin Township for this three year period beginning in May 2007.
The Tredyffrin Real Estate activity chart I prepared below may help you see the Read the rest of this entry »
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Chester County Pa Tredyffrin Market Report March 2009
April 17th, 2009 categories: Chester County, Financial, Home Buyers, Home Sellers, Market Trends
Tredyffrin Chester County Pa Real Estate First Quarter 2009 Real Estate Market Report
Our First Quarter Real Estate Market Report for Tredyffrin Township shows that the
Median For Sale Prices dropped 2% from $479,900 in March of 2007 to $469,900 in March of 2009
The Median Under Contract Price dropped 8% from $458,000 in March of 2007 to $420,000 in March of 2009.
The Median Sold Price for Tredyffrin Township for this time period dropped 18.8% from $400,000 in March of 2007 to $325,000 at the end of the First Quarter March 2009. Read the rest of this entry »
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Main Line Pa Homes For Sale Absorption Rate Report
March 28th, 2009 categories: Delaware County, Financial, Home Sellers, Market Trends, Montgomery County
Radnor Township Real Estate, Haverford, Lower Merion and Upper Merion Townships Real Estate Absorption Report February 2009
The Main Line Pa Real Estate Absorption Rate Report comparison February
2008 to February 2009. Comparing our four Lower Main Line Pa area Townships (Radnor, Haverford, Lower Merion and Upper Merion) for the Months Supply of Inventory, Days On Market, Residual Inventory (backlog) and New Listings On Market.
As I was preparing this Absorption Rate Report, I saw a tick up in the Median Listing price for some lower Main Line Pa Townships.
This would not be a good time to be increasing the Listing prices beyond what’s indicated by recent comparable sold prices and market conditions. Read the rest of this entry »
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