Malvern Market Report October 2008
November 5th, 2008 categories: Chester County, Market Trends
Malvern Real Estate Market Report Zip Code 19355 as of October 2008*
Comparing the real estate market of October 2008 to October 2006 through the key indicators of the
in real estate values for Malvern shows that the Under Contract Price has increased 8%. This appears to be a good and positive direction indicating more realistic “For Sale Pricing” and hopefully some increased demand.
The real story in Malvern and most of our local markets, at this time, is in the volume of transactions. The overall volume of homes under contract is down 48%
Traditional Fall Slow Down In Volume
Traditionally, we see a bit of a slow down in the market in the Fall as far as the Days On Market is concerned.
The Months Supply of Inventory was 9.2 months in October 2006 compared to 14 Months Supply of Inventory in October 208, a 53% increase Read the rest of this entry »
| Discussion: No Comments »
Radnor Real Estate Third Quarter Market Report 2008
October 28th, 2008 categories: Delaware County, Market Trends
Radnor Township Pennsylvania Third Quarter Real Estate Market Report*
Radnor Township Delaware County Comparison of the Third Quarter of September 2008 to September 2006 shows the greatest effects on the 
decline of the Median Sold Price, decline of the number of units sold and the growing Months Supply of Inventory.
However, this is a traditionally strong, high end market that could move forward very quickly with a little promise of overall recovery.
There is a chasm of concern showing here, between the Median Sold Price decline, compared to the Median For Sale Price decline of only 1%. I suspect this is due to the hard hit, high end, new and under construction market which is propping up the Median For Sale Price.
Likewise, the high Months Supply of Inventory, MSI is also affected by the New Construction Inventory build up, while the high end market “sits on the sidelines”. It’s important to keep in mind that Read the rest of this entry »
| Discussion: No Comments »
Tredyffrin Real Estate|3rd Quarter Median House Solds
October 7th, 2008 categories: Chester County, Market Trends
Sold (green), Under Contract (blue), Expired (purple)
The Third Quarter Median House Sold Report for Tredyffrin Township in Chester County, comparison between September 2006 and September 2008, shows a real estate market that’s holding it’s own despite incredible waves of good, bad, worse and confusing news from the Credit Markets.
Since I’m a glass is “half full” kind of person, I love bringing you some good news.
A recent report from our Trident Mortgage Company, for example, reports that Trident is sound and well funded with money to lend. My Trident representatives tell me that they have not turned away a single borrower for lack of funds to lend. Now that’s good news and good management by Trident.
The Median For Sale Price is down 2% from $489,900 in 2006 to $479,000 in 2008, while the Median Sold Price for the same period has increased 22% from $339,000 in 2006 to $525,000 in September of 2008. Read the rest of this entry »
| Discussion: No Comments »
Chester County Real Estate|Supply, Demand, MSI
September 26th, 2008 categories: Chester County, Financial, Market Trends
Supply and Demand and Months Supply of Inventory Comparison August 2006 vs August 2008
The Supply, Demand and Months Supply of Inventory numbers for Chester County Pennsylvania Real Estate Transactions offer no major surprises.
These are the numbers that some of the national and even local news likes to throw out for some shock value. They need to be put into context. When we compare market data to 2005 and 2006, it’s important to keep in mind that neither of these real estate markets was “typical”.
What Is Supply and Demand For Chester County Homes For Sale?
Supply and Demand - simply refers to the number of units (houses) sold in any given period compared to the number of homes for sale and houses under contract. It’s an important indicator but not a predictor of the future. In the comparison period between August of 2006 vs August of 2008 in Chester County Pa: Read the rest of this entry »
| Discussion: No Comments »
Chester County Real Estate|Median Sold Prices|August 2008
September 25th, 2008 categories: Chester County, Financial, Market Trends
Real Estate Market Report for Chester County Pa Real Estate Homes For Sale, Homes Under Contract and Houses Sold Comparison of August 2006 vs August 2008*
Chester County Median Price Comparison August 2008
This is a big picture look at the Chester County Real Estate Market Report comparison between August 2006 and August 2008 for Median Homes For Sale Prices (red line), for Homes Under Contract (blue line) and for Homes that have Sold (green line).
The Median Sold Price for Chester County during the period of August 2006, August 2007 and August 2008 is Up 1.6%, from $319,900 in 2006 to $324,900 in August 2008.
The Median For Sale Price for Chester County is down 1.7% from $379,900 in August 2006 to $373,500 in August 2008. Read the rest of this entry »
| Discussion: No Comments »
Judy Peterson Realtor Radnor Township House Solds July 2008
August 23rd, 2008 categories: Delaware County, Market Trends
Radnor Township Delaware County Median Home Sold Price 7/07 vs 7/08*
The Comparison of the Median House Sold Prices for Radnor Township in July of 2007 vs July of 2008 shows a 20% increase in the Median House
Sold Price from $517,500.in 2007 to $620,000. in July of 2008
The Median Under Contract property price also increased 3.9% from $599,000. in July of 2007 to $622,450. in July of 2008.
Radnor Township’s Median New Listing Price was down 3% for this period from $644,850. in July of 2007 to Read the rest of this entry »
| Discussion: No Comments »
Judy Peterson Realtor ~ Malvern Days On Market Growing
August 22nd, 2008 categories: Chester County, Market Trends
Malvern Chester County Pa ~ Days On Market Increases 132%*
The Malvern Pennsylvania Real Estate Market Report for the period of July 2007 to July 2008 is a story of a growing number of days on the market (DOM) from 43 Days on Market to 100 DOM in July of 2008, a 132% increase in the Days On Market.
The Median Sold Price was down 15% from $465,750 in July of 2007 to $395,000 in July of 2008 Read the rest of this entry »
| Discussion: No Comments »
Tredyffrin Easttown Chester County Pa Houses Sold
August 20th, 2008 categories: Chester County, Market Trends
Tredyffrin Easttown Township Chester County Pa House Sold Prices
This is a Pretty Picture For Tredyffrin Easttown Houses Sold!
The total number of homes that have sold in Tredyffrin Township and Easttown Township in Chester County Pa is an impressive 569 homes sold for the 12 month period of July 2007 to July 2008; 432 homes sold in Tredyffrin Township and 137 homes sold in Easttown Township in this 12 month period of July 2007 through July 2008*. Read the rest of this entry »
| Discussion: No Comments »
West Chester Pa Real Estate Market Report-July 2008
August 7th, 2008 categories: Chester County, Market Trends
West Chester Pa Real Estate Market Update~July 2008
The real estate Market Report for West Chester Pa, West Goshen Township Pennsylvania shows a market that’s on the upswing, especially in the Median Sold Price range of the mid-threes - $325,500 in July of 2007 and $357,500 in July of 2008 and an overall drop in the number of Days On Market*. Absorption Rate and Months Supply Read the rest of this entry »
| Discussion: No Comments »
Tredyffrin Township~Town Home Condo 2nd Quarter Market Report
July 10th, 2008 categories: Chester County, Market Trends
Tredyffrin Township Pa Town Home-Condominium ~ 2nd Quarter Market Report*
It’s interesting to take a closer look at the Chester County, Tredyffrin TownshipTown Home and Condominium real estate market. Some of the Town Home Communities in Tredyffrin Township are Chesterbrook, Arbordeau, Old Forge Crossing, Daylesford Lake, Paoli Point, Woodgate and Paoli Woods. Each Community has unique features and price points but they all share a great school system, convenient location and easy commuting. The Town Home and Condominium market is primarily a First Time Buyer and a Downsizing niche market.
The Average Sold Price for Town Homes and Condos in Tredyffrin peaked in August of 2007 at $325,778, creating a 9% drop in the average sold price between August of 2007 and June of June 2008 at $296,331.
The Median Sold Price peaked in August of 2007 at $346,000 and June of 2008 at $264,000, representing a 23.7% decline.
The following chart illustrates the Absorption Rate for Town Homes and Condos in Tredyffrin as of the 2nd Quarter of 2008 providing a very graphic picture of the effect of the residual inventory in considering the Absorption Rate. The residual inventory plays such Read the rest of this entry »
| Discussion: 1 Comment »
