Posts Tagged market

Sold Homes in Owen J Roberts School District–February 2011

Sold

In February 2011, 12 Homes went to Settlement in the Owen j Roberts School District. This represents a decrease of 33% from 18 homes sold in January 2011. It is a year over year reduction of 20% from 12 homes sold in February 2010. Year to Date comparison indicates 33 homes sold from 1/1/10 to 2/28/10 compared to 30 homes for same YTD period in 2011, a 9% reduction year to date.

Read the rest of this entry »

Tags: , , , , , , , , , , ,

Chester County Real Estate Statistics – November 29, 2009

As of this November 29, 2009

What do these statistics mean?

  • Inventory Units = Total homes for sale in Chester County, PA
  • Average Sold/Month = Average number of homes sold over a 12 month period in Chester County, PA per month in the corresponding price range
  • Months of Inventory = Inventory Units divided by Average Sold/Month

When Months of Inventory is greater than 6, it’s a buyer’s market.

When Months of Inventory is between 3 and 6, it is a neutral market.

When Months of Inventory is less than 3, it’s a seller’s market.

 

Active Listings

Listings sold last 12 months

Average sold/month

Months on Hand

0-200K

479

971

80.92

5.9

200-300

802

1631

135.92

5.9

300-400

733

946

78.83

9.3

400-500

463

527

43.92

10.5

500-600

245

245

20.42

12.0

600-800

296

177

14.75

20.1

800-1000

179

64

5.33

33.6

1000-1250

74

29

2.42

30.6

1250-1500

70

18

1.50

46.7

1500-2000

68

14

1.17

58.3

2000+

71

4

0.33

213.0

All

3480

4626

385.50

9.0

Overall Inventory decrease of 39 units and an increase in sales of 36 units account for an overall improvement on inventory velocity by .2 months over last week. Net decrease in inventory in the 0-400K account for most of the improvement. My outlook for this range of inventory is positive but I expect the market to slow through the holiday season.

With the extension of the federal tax credit and weakness in prices I expect a moderate to strong spring market.

Tags: , , ,

Chester County Real Estate Statistics

As of this November 22, 2009

What do these statistics mean?

  • Inventory Units = Total homes for sale in Chester County, PA
  • Average Sold/Month = Average number of homes sold over a 12 month period in Chester County, PA per month in the corresponding price range
  • Months of Inventory = Inventory Units divided by Average Sold/Month

When Months of Inventory is greater than 6, it’s a buyer’s market.

When Months of Inventory is between 3 and 6, it is a neutral market.

When Months of Inventory is less than 3, it’s a seller’s market.

Price Range Inventory
Units
Average Sold / Month Months of Inventory
$0 – $200K 484 80.58 6.0
$200K – $300K 805 133.58 6.0
$300K – $400K 743 78.67 9.4
$400K – $500K 475 43.50 10.9
$500K – $600K 247 20.42 12.1
$600K – $800K 302 15.00 20.1
$800K – $1M 174 5.25 33.1
$1M – $1.25M 74 2.42 30.6
$1.25M – $1.50M 74 1.50 49.3
$1.50M – $2.00M 71 1.25 56.8
$2.00M + 70 0.33 210.0
       
Total 3519 382.50 9.2

Tags: , , ,