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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Radnor Township PA – Real Estate Market Report
December 5th, 2008 categories: Delaware County, Market Trends
Radnor Pennsylvania Market Report November 2008 vs November 2006
Radnor Township Prices Are Holding But Inventory Is Growing – Up 85%
Comparing and contrasting the real estate market activity for Radnor Township in Delaware County
between November 2006 and November 2008, shows that the growing Months Supply of Inventory stands out as being the most noteworthy in the Radnor Real Estate Market plus the actual increase in the Median Sold Price.
Radnor Townships Median For Sale Price has only dropped 1% for this period and the Median Sold Price has actually increased from November 2006 to November 2008.
The following numbers suggest that if for sale prices moderated a little more, the inventory would also begin to decline. Read the rest of this entry »
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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 »
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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 »
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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 »
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East Goshen Township Real Estate-Market Report
July 9th, 2008 categories: Chester County, Market Trends
East GoshenTownship, Chester County-Market Report 2nd Quarter 2008*
The peak Median Sold Price for East Goshen Township occurred October 2007 at $422,750. The comparison between October 2007 peak and June of 2008 shows a Median Sold price that’s down (24.07%). The real estate market in East Goshen Township still indicates a buyer’s market with 7.5 Months of Inventory, but not a really strong Buyers Market. The significant drop in the days on market from 85 DOM to 41 DOM, a 52% drop, puts East Goshen in a good position. There are fewer top heavy new construction projects to weigh down the market here in East Goshen Township. The 17 homes that went under contract in June of 2008 and the 20 that settled represents a (23%) drop in units from June of 2007. This is still a story of property that’s well priced and in good condition to get sold doing better than the overall market. Read the rest of this entry »
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