Posts Tagged ‘New Castle County Homes’

New Castle County Delaware Home Sales Update

July 2, 2014

The pace of New Castle County Home Sales has eased from the pace in last two years but continues to be solid.

Today there are 2,583 properties currently listed for sale in New Castle County with an additional 939 under contract. The average list price of those properties listed in June was $267,000 versus a year to date average list price of $257,000. There have also been 2444 completed sales with an average sales price of $225,000.

Canal BridgeOn July 2 of 2013, there were 2,354 properties for sale, 1028 under contract, and 2565 homes had been sold. The average list price for the first six months of 2013 was $240,000 while the average sales price was $221,000.

The 2014 numbers represent an increase of 229 properties on the market (+9.7%), decrease of 144 homes under contract (-14.0%), and decrease of 121 properties sold (-4.7%).

Though weaker, the overall numbers appear fairly solid for New Castle County considering the weather and overall state of the economy. Expecting a stronger market, sellers are asking more, but the completed sales prices indicate a fairly stable pricing environment (up less than 2% year to year).

Based on the current market, it looks like we will be seeing more of the same as we continue through 2014. As always, don’t hesitate to contact me anytime with questions.

David Henke
Long & Foster Real Estate, Inc – Wilmington, DE/Devon, PA
Office:302-834-3431/Direct: 610-618-0808
http://www.DelawarePAHomes.com

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

 

 

Faulkland Heights DE Homes Market Update

September 9, 2013

Faulkland Heights has continued to be a popular local home choice with stable home prices and strong sales activity.

Faulkland Heights WIlmington DE 19808Faulkland Heights is a nice single family residential community located in north central New Castle County with easy access to both Wilmington and Newark. Positioned at the intersection of Faulkland and Centerville Roads, it is just to the north and west of Kirkwood Highway and Route 141. This provides quick access throughout northern New Castle County.

With the first properties completed in 1959, construction in Faulkland Heights continued from 1959 through 1965 with the greatest number of homes completed in 1960 and 1961. With over 400 properties, there is a nice variety of sizes and styles ranging from 1150 sqft ranches to 2000+ sqft colonials and splits. The most popular styles were the 1500 to 2000 sqft ranches found through much of the community.

Faulkland Height DE HomesFaulkland Heights pricing and sales activity seem to be strengthening. The average sales price in the community reached a peak in 2007 with 11 sales at an average price of $250,000. Activity peaked a year later with 18 sales at an average price of $224,000. Sales activity and prices both eased until we appeared to reach some stability in 2011 and 2012 where in both years there were 11 sales at an average price of $184,000.

In 2013 year-to-date, Faulkland Heights has seen 14 sales with an average sales price of $180,000. There are also 2 sales pending averaging $192,000, and two properties are currently on the market listed for an average of $177,000. Faulkland Height DE HomesIndividually the sales prices have ranged from $111,000 to $216,000 while the active properties range from $150,000 to $204,000. The pricing reflects the wide variation in condition currently seen in the various properties.

With increased activity and an overall strengthening market, Faulkland Heights home pricing and sales activity should continue to be stable or rising. For those needing quick access to Kirkwwod Highway, Route 141, and north central New Castle County, it should remain a great alternative.

David Henke
Long & Foster Real Estate Inc – Bear, DE/Devon, PA
Office: 302-834-3431/Direct: 610-618-0808
www.DelawarePAHomes.com

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

Delaware County PA Home Sales Activity Update

March 1, 2013

Initial 2013 Delaware County PA home sales activity indicates a stronger area market.

It usually takes another week or so to have the accurate home sales statistics but the initial numbers indicate a stronger 2013.

Through February for all Delaware County we are seeing:

Active Listings On the Market: 2894 homes (down 23% from 2012)
Homes Under Contract: 724 homes ( up 9% from 2012)
Homes Sold Year to Date: 478 homes (up 18% from 2012)

Media PA Lawyers Row Offices

After several years of a relaxed market, we are finally seeing some stronger signs of activity. Listings are declining both here and in surrounding counties***. Homes under contract are rising nicely and sales are following. This bodes well for pricing and sales as we enter the next two months which are traditionally the most active months for both new listings and homes going under contract. (Settlements usually peak in June and August)

These numbers will be updated once we have the final month end sales figures and pricing through February. For all the current Delaware County Listings feel free to search SearchMediaHomes.com .

*** The above compares to activity in Chester County:
Active: 2700 (-18%)
Under Contract: 817 (+25%)
Sold: 579 (+8%)

and activity in New Castle County Delaware:
Active: 2089 (-23%)
Under Contract: 838 (+7%)
Sold: 601 (0%)

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

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