Posts Tagged ‘Delaware County PA Homes For Sale’

Quick 2015 Delaware County PA Wrap Up

January 5, 2016

So how did it go in Delaware County real estate last year? – Pretty Good!

Although there has been a wide variation in activity throughout the county and townships, the overall market has continued to strengthen.

From January 1, 2015 through January 4, 2016, there were 6,122 reported sales on the MLS. This compares to only 5,465 at the beginning of last year, a rise of over 12%. It could be worseLikewise, pending sales have grown from 622 in 2015 to 660 in 2016, an increase of 6%. Active for sale home inventory has also decreased from 2,580 active lisitngs to 2,507, a fall of over 2.5%.

This looks even more promising when compared to the depth of the market in 2011. On January 4, 2012, there were 3,142 homes on the market (25% higher), 480 homes pending (27% lower), and there had only been 4089 sales in 2011 (33% lower).

Based on the local market and economy, it appears that we should have another solid year in 2016. This could be disrupted, however, depending on the major potential economic and political impacts currently developing around the world.

Call me if you are interested in more information on the market in your particular area.

David Henke
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

(All statistics per the TrendMLS system and believed accurate but not guaranteed)

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Delaware County PA Real Estate Market Update

September 29, 2010

The Delaware County Real Estate Market continues into the fourth quarter at a leisurely pace.

As we close in on the end of September with only one quarter to go before 2011, this is a great time to assess the current market health.

As we noted before, the net effect of the First Time Home Buyer’s Tax credit was simply to move the timing of sales in 2010 with little apparent impact on increasing overall activity in the market.  This year to date in 2010, there have been 3525 recorded sales in the county compared to 3524 sales in 2009.

Through September 29, 2010:
.                                           2009              2010        Change
Year To Date Sales:             3524               3525        No Change
Pending Sales:                       818                 568        -31%
Active Homes For Sale:        3282              3903       +19%

Swarthmore PACompared to my 8/17/2010 market update, the Pending Sales and Active Homes numbers continue to deteriorate. Pending sales have fallen an additional 11% (from 639 to 568) in the last month and a half.  The Active Homes for Sale inventory has climbed an additional 2.6% (from 3803 to 3903).  Both numbers indicate an increased desire to sell while buyers appear to be continuing to wait on the sidelines.

We have been seeing additional buyer activity both online and in Open House traffic but this has yet to be seen in increased homes under contract.  If the buyers do not return soon, we could see some further price deterioration as we move toward the end of the year.

This remains one of the best and most affordable times to buy a home in the area.  Anyone who is considering a move should be in the market today.  Very minor economic news could quickly be felt in increased interest rates and today’s deep inventory could quickly be gone.

As always, should you have any questions or be considering a move, please do not hesitate to contact me anytime.

David Henke
Long & Foster Real Estate Inc – Newtown Square,PA/Bear, DE
Office: 610-359-3853/Cell: 610-618-0808
www.DelawareCountyPennsylvaniaHomes.com

(All statistics per the TrendMLS System and believed accurate but not guaranteed)