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

Chester County Pa Tredyffrin Market Report March 2009



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 theTredyffrin Real Estate Report March 2009 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



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 FebruaryAbsorptionRateMainLinePaToday.com 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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Absorbing Chester County Homes For Sale



Real Estate Absorption Tredyffrin Township, Easttown, Willistown, Uwchlan and Upper Uwchlan Townships*

The Real Estate Market Absorption Rate, Months Supply of Inventory andAbsorptionRateMainLinePaToday.com Days On Market are key indicators that provides historical data about where we’ve been but more importantly also tells us something about future house values, for the short term anyway. For some Chester County Main Line Pa news that you can use, try Calculating the Absorption Rate. Or contact me and I’ll prepare a Comparative Market Analysis for your homes value price range, neighborhood and community.

The Table below shows a comparison between February 2008/2009  of 5 of our Read the rest of this entry »

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Downingtown Homes Market Report 19335 Feb 2009



Downingtown Homes Real Estate Market Report For 19335

downingtownundercontractdomHow long has this home been on the market? That’s a question every Chester County Main Line Pa home buyer likes to ask.

Days On The Market for Downingtown homes and real estate:

Good news for Downingtown home sellers  is that DOM has actually dropped -10% from 78 Days On Market to 70 Days On Market for Downingtown 19335 homes under contract.

A nice St Patricks Day good luck sign for the Downingtown Spring real estate market.

The Downingtown Real Estate Months Supply of Inventory, MSI (represented by the broken line in our graph) is up +67% from 6.2 MSI in February of 2008 to 10.4 MSI in February of 2009. However the direction is down from a peak in November/December 2008 as you can see in this graph of the Average Days On The Market for Downingtown homes Under Contract.

Comparing Downingtown homes for sale, Downingtown Pa homes under contract, Downingtown Pa homes sold information to February of 2008 shows a healthy real estate market – Downingtown Homes Median Under Contract Prices up +8%.

The actual Downingtown Homes Sold Price comparison between February of 2009 to February of 2008 remained level but the increase in the Under Contract Price indicates a good upward swing for the Downingtown homes real estate market.

Downingtown Homes For Sale Contact or call Judy Peterson, 610.889.5509 Prudential Fox and Roach Realtors for you own custom list of Downingtown Homes For Sale or request a Market Analysis for your Downingtown Home to determine a competitive selling price for your Downingtown home. Read the rest of this entry »

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Malvern Real Estate Report 19355~February 2009



Malvern Chester County Pa Real Estate Market Report For February 2009

Supply and Demand

Our Malvern Pa Real Estate Market Report is a snapshot of real estate activity in Malvern Pa Median Homes Sold GraphMalvern Chester County Pennsylvania for zip code 19355 comparing February 2008 to February 2009.  We see a real estate market that is moving to an upswing. The Graph depicts Median Malvern Homes Sold Prices (green), Malvern Homes Under Contract Prices (blue) and Malvern Homes For Sale Prices (red).

As for most of our markets, the story is in the Number of transactions. The Number of Malvern Homes For Sale is down 19% from 223 homes for sale in February of 2008 to 181 homes for sale in Malvern in February of 2009.

The Number of Malvern Homes Under Contract is down 57% from 28 homes for sale in Malvern in February 2008 to 12 homes for sale in February of 2009. Also, weather wise this was not a good February for buying activity as it was impacted by a few snow storms.

The Number of homes sold in February of 2008 was 13 and the number of homes sold in February of 2009 was down 8% to 12 homes sold. Read the rest of this entry »

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Tredyffrin Real Estate Report February 2009



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 screenshot009where 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

  1. 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).
  2. Tredyffrin Homes Under Contract in February of 2009 compared to February of 2008 is down 50% (from 38 to 19).
  3. The number of homes sold in Tredyffrin in February of 2009 as compared to February of 2008 is down 61% (from 18 to 7).
  4. 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-monthssupplyinveTredyffrin 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



Chesterbrook Flowering Cherry Tree 2008Those 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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First Time Home Buyer Tax Credit 2009



American Recovery and Reinvestment Act of 2009

After all of the confusing housing information that’s been circulating as both the House and the Senate have struggled with how to stimulate the Housing Industry into growth, we now have the agreed on House and Senate Bill going to President Obama’s Desk this week for signature.

Following are some of the details of H.R. 1, the American Recovery and Reinvestment Act of 2009 that we’ll all need to embrace and work with. This Summary Chart from NAR provides the high points (pdf file) Read the rest of this entry »

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Downingtown Homes Real Estate Market Report



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



Chesterbrook Homes Sold January 2009Many 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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