Real Estate Information Archive

Chester County PA Real Estate Market Trends for April 2016

Thursday, May 26, 2016

by Scott Darling

sold sign

2,719 Chester County PA single family homes for sale in April 2016 which is a 1.98% decrease from April 2015. 485 homes sold in April with a median sales price of $310,000, a 6.41% decrease from April 2015.

The supply of inventory is 5.1 compared to 5.7 in April 2015 and the Sales vs List Price is 9347%.

Date	Homes For Sale	Months Supply Inventory	Homes Sold	Median Sales Price	Sales Price vs List Price
April 2016	2,719	5.1	485	$310,000	94.7%
April 2015	2,774	5.7	470	$312,000	94.7%

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Chester County PA Real Estate Market Trends Report - February 2016

Wednesday, March 23, 2016

by Scott Darling

Homeowners looking to sell and move to a new place are in a great position; according to the National Association of REALTORS®’ 2015 Profile of Home Buyers and Sellers, sellers are seeing the sales price of their home creep up closer to list price—the median sales price as a percent of the listing price is 98 percent. Just a few years ago, in 2011, owners were selling their home for 95 percent of the list price. The amount of time a property sits on the market also matters in the sales price compared to the listing price. For homes that lasted less than a week on the market, half were sold for full listing price, while another 19 percent were sold for more than that price. The sale-to-list price ratio falls as time goes on (for example, homes that are on the market for 5-8 weeks are only sold for 100 percent of the listing price 17 percent of the time and more than listing price only 3 percent of the time).

Take a look at how many successful home sellers there were in our market in February:

Chester County PA Real Estate Market Trends for February 2016

2,416 Chester County PA single family homes for sale in February 2016 which is a 4,67% increase from February 2015. 276 homes sold in February with a median sales price of $305,000, a 6.72% decrease from February 2015.

The supply of inventory is 4.5 compared to 4.9 in February 2015 and the Sales vs List Price is 93.2%.

Date	Homes For Sale	Months Supply Inventory	Homes Sold	Median Sales Price	Sales Price vs List Price
Feb 2016	2,416	4.5	276	$305,000	93.2%
Feb 2015	2,308	4.9	276	$327,000	94.6%

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Chester County PA Real Estate Market Trends - September 2015

Thursday, October 29, 2015

by Scott Darling

home

A biennial opinion survey on housing issued conducted by the National Association of Realtors shows that fears of selling have abated dramatically since the housing recovery went into high gear two years ago. Over the past two years, homeowners’ confidence in recouping the price they paid for their homes has risen 29 percent.

Seller confidence extends to their outlook for next year. Four in ten adults in the survey (41%) expect prices to rise in their market. Some 47 percent said prices will stay the same and only 6 percent expect them to decrease.

Take a look at how many successful sellers there were in our market last month…

September's real estate sales broken down by school district.

Downingtown School District

The number of homes selling in the Downingtown school district in September 2015 dropped by 13.68% when compared to September 2014. The average selling price decreased by 4% to $336,427. The median selling price dropped by 7.91%, while the average market time decreased by 14 days.

Date	Sold Listing	Average Selling Price	Median Selling Price	Average Days On Market
September 2015	82	$336,427	$308,500	42
September 2014	95	$350,376	$335,000	56

West Chester School District

The number of homes selling in the West Chester school district in September 2015 remained the same when compared to September 2014. The average selling price decreased by less than 1% . The median selling price decreased by 0.36%, while the average market time decreased by 2 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
September 2015	104	$371,516	$348,750	42
September 2014	104	$373,299	$350,000	40

Coatesville School District

The number of homes selling in the Coatesville school district in September 2015 increased by 29.17% when compared to September 2014. The average selling price increased by .45% to $227,766. The median selling price increased 4.92%, while the average market time dropped by 19 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
Septembert 2015	62	$231,775	$225,000	63
September 2014	48	$230,734	$214,450	82

Great Valley School District

The number of homes selling in the Great Valley school district increased by 11.9%. The Average Selling Price decreased by 10.76% to $467,530. The median selling price dropped by 8.22%, while the average market time increased by 34 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
September 2015	47	$467,530	$385,000	89
September 2014	42	$523,926	$419,500	55

Unionville School District

The number of homes selling in the Unionville school district in September 2015 increased by 18.52% when compared to September 2014. The average selling price increased 21.21% to $472,250. The median selling increased by 11.14% while the average market time increased by 21 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
September 2015	32	$590,247	$472,250	87
September 2014	27	$486,969	$424,900	66

Tredyffrin-Easttown School District

The number of homes selling in the Tredyffrin-Easttown school district in September 2015 increased by 35% when compared to September 2014. The average selling price increased by 15.23% to $531,563. The median selling price increased by 21.25%, while the average market time increased by 3 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
September 2015	54	$529,430	$436,500	66
September 2014	40	$459,468	$360,000	63

Owen J Roberts School District

The number of homes selling in the Owen J Roberts school district in September 2015 increased by 62.96% when compared to September 2014. The average selling price decreased by 5.24% to $340,771. The median selling price rose by 9.28% while the average market time dropped 23 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
Septembert 2015	44	$331,636	$309,250	59
September 2014	27	$349,961	$283,000	82

Phoenixville School District

The number of homes selling in the Phoenixville school district in September 2015 decreased 13.33% when compared to Septembert 2014. The average selling price increased by 4.48% to $$307,115. The median selling price rose by 11.35%, while the average market time dropped by 16 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
September 2015	39	$307,115	$279,500	49
September 2014	45	$293,938	$251,000	65

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Chester County PA Real Estate Market Trends -August 2015

Friday, September 18, 2015

by Scott Darling

Take a look at August's real estate sales broken down by school district.

Downingtown School District

The number of homes selling in the Downingtown school district in August 2015 rose by 6.42% when compared to August 2014. The average selling price decreased by 4% to $385,570. The median selling price dropped by 7.96%, while the average market time increased by 9 days.

Date	Sold Listing	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	116	$385,570	$376,450	48
August 2014	109	$401,691	$409,000	39

West Chester School District

The number of homes selling in the West Chester school district in August 2015 decreased by 3.82% when compared to August 2014. The average selling price decreased by less than 1% . The median selling price increased by 3.7 %, while the average market time decreased by 11 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	126	$394,971	$372,500	38
August 2014	131	$398,558	$359,000	49

Coatesville School District

The number of homes selling in the Coatesville school district in August 2015 increased by 22.06% when compared to August 2014. The average selling price decreased by .35% to $227,766. The median selling price decreased 5.95%, while the average market time rose by 4 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	83	$227,766	$214,900	78
August 2014	68	$228,559	$228,500	74

Great Valley School District

The number of homes selling in the Great Valley school district increased by 35%. The Average Selling Price increased by 6.02% to $519,733. The median selling price rose by 15%, while the average market time increased by 22 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	50	$519,733	$460,000	56
August 2014	37	$490,242	$400,000	34

Unionville School District

The number of homes selling in the Unionville school district in August 2015 decreased by 29.17% when compared to August 2014. The average selling price decreased by 21.06% to $495,541. The median selling decreased 18.69% while the average market time increased by 29 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	34	$495,541	$436,000	78
August 2014	48	$627,708	$536,250	49

Tredyffrin-Easttown School District

The number of homes selling in the Tredyffrin-Easttown school district in August 2015 decreased by 19.72% when compared to August 2014. The average selling price increased by 7.23% to $531,563. The median selling price increased by 31.49%, while the average market time increased by 10 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	57	$531,563	$506,250	54
August 2014	71	$495,723	$385,000	44

Owen J Roberts School District

The number of homes selling in the Owen J Roberts school district in August 2015 increased by 23.81% when compared to August 2014. The average selling price decreased by 12.63% to $340,771. The median selling price rose by 4.64% while the average market time remained the same.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	52	$340,771	$347,000	60
August 2014	42	$390,023	$331,625	60

Phoenixville School District

The number of homes selling in the Phoenixville school district in August 2015 increased by 42.11% when compared to August 2014. The average selling price increased by 10.51% to $309,915. The median selling price rose by 10.9%, while the average market time dropped by 15 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
August 2015	54	$309,915	$254,950	43
August 2014	38	$280,444	$229,900	58

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Chester County PA Real Estate Market Trends -July 2015

Friday, August 28, 2015

by Scott Darling

Take a look at July's Chester County PA real estate sales broken down by school district.

Downingtown School District

The number of homes selling in the Downingtown school district in July 2015 dropped by 3.62% when compared to July 2014. The average selling price increased by 16% to $412,524. The median selling price rose by 5.6%, while the average market time decreased by 15 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	130	$382,254	$372,500	42
July 2014	105	$386,067	$360,000	46

West Chester School District

The number of homes selling in the West Chester school district in July 2015 decreased by less than 1% when compared to July 2014. The average selling price decreased by 13.88% to $384,244. The median selling price decreased by 11.8% while the average market time decreased by 13 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	138	$370,058	$355,000	36
July 2014	137	$429,687	$402,487	49

Coatesville School District

The number of homes selling in the Coatesville school district in July 2015 increased by 25% when compared to July 2014. The average selling price decreased by 3.64% to $231,849. The median selling price decreased 6.25%, while the average market time rose by 4 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	75	$225,503	$217,500	56
July 2014	60	$234,019	$232,000	52

Great Valley School District

The number of homes selling in the Great Valley school district in July 2015 increased by 6.38% when compared to July 2014. The average selling price decreased by 10.03% to $524,687. The median selling price dropped by 6.48%, while the average market time decreased by 3 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	50	$524,687	$411,500	43
July 2014	47	$583,155	$440,000	46

Unionville School District

The number of homes selling in the Unionville school district in July 2015 increased by 12.2% when compared to July 2014. The average selling price decreased by 9.54% to $533,715. The median selling decreased 3.6% while the average market time increased by 8 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	46	$533,715	$481,250	56
July 2014	41	$590,018	$600,000	48

Tredyffrin-Easttown School District

The number of homes selling in the Tredyffrin-Easttown school district in July 2015 increased 16.67% when compared to July 2014. The average selling price increased by 10.71% to $614,428. The median selling price increased by 15.47%, while the average market time decreased by 4 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	84	$614,428	$574,450	34
July 2014	72	$554,967	$497,500	38

Owen J Roberts School District

The number of homes selling in the Owen J Roberts school district in July 2015 increased by 33.33% when compared to July 2014. The average selling price increased by 13.14% to $385,075. The median selling price rose by 10.77% while the average market time increased by 6 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	40	$385,075	$360,000	80
July 2014	3048	$340,353	$325,000	74

Phoenixville School District

The number of homes selling in the Phoenixville school district in July 2015 increased by 9.09% when compared to July 2014. The average selling price increased by 17.44% to $247,520. The median selling price rose by 13.9%, while the average market time dropped by 7 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
July 2015	60	$247,520	$276,200	51
July 2014	55	$295,919	$242,500	58

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Chester County PA Real Estate Market Trends - June 2015

Thursday, July 30, 2015

by Scott Darling

If you are contemplating putting your house on the market, you may want to see if you have some of the top features home buyers are looking for.

A large laundry room is on the list of must-haves for most home buyers these days. The bigger the better when it comes to laundry rooms. Painting this room a fun color is also a great idea. If you have not yet updated your washer and dryer it may be a good time to do that as well.
Landscape lighting is a plus if you want your house to stand out above all the others on the market. Taking a photo of your home at night with all the landscape lighting lit may be a good way to market your home in real estate magazines. Also if you want to add ambiance to the inside of your house you can add wall lanterns in entrance ways and hallways.
A finished garage is an excellent feature that many home buyers are looking for. You can add drywall and paint as well as paint the floor of your garage. You will be amazed at what a difference doing this will make to your home. Make sure to add a lot of storage areas so that the man of the house will be happy about buying your home.
An "eat-in" kitchen is a must have these days. If you don’t currently have an “eat-in” kitchen, you may want to knock out a wall to make this possible. It could be the difference of selling your home or not selling your home.

Take a look at June's real estate sales broken down by school district.

Downingtown School District

The number of homes selling in the Downingtown school district in June 2015 rose by 23.81% when compared to June 2014. The average selling price decreased by 1% to $382,254. The median selling price rose by 3.47%, while the average market time decreased by 4 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	130	$382,254	$372,500	42
June 2014	105	$386,067	$360,000	46

West Chester School District

The number of homes selling in the West Chester school district in June 2015 increased by 14.38% when compared to June 2014. The average selling price decreased by 2.04% to $384,244. The median selling price increased by 4% while the average market time decreased by 16 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	175	$384,244	$364,000	34
June 2014	153	$392,247	$350,000	50

Coatesville School District

The number of homes selling in the Coatesville school district in June 2015 the same when compared to June 2014. The average selling price decreased by 5.72% to $231,849. The median selling price decreased 2.39%, while the average market time dropped by 39 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	72	$231,849	$225,000	38
June 2014	72	$245,917	$230,500	77

Great Valley School District

The number of homes selling in the Great Valley school district in June 2015 increased by 5.88% when compared to June 2014. The average selling price increased 6.53% to $536,846. The median selling price rose by 7.68%, while the average market time decreased by 9 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	54	$536,846	$438,500	63
June 2014	51	$503,943	$385,000	24

Unionville School District

The number of homes selling in the Unionville school district in June 2015 increased by 23.53% when compared to June 2014. The average selling price increased 17.51% to $626,192. The median selling decreased 3.6% while the average market time increased by 15 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	42	$626,192	$521,250	87
June 2014	34	$532,880	$540,725	51

Tredyffrin-Easttown School District

The number of homes selling in the Tredyffrin-Easttown school district in June 2015 increased 27.87% when compared to June 2014. The average selling price decreased by 18% to $504,793. The median selling price remained the same, while the average market time decreased by 22 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	78	$504,793	$475,000	55
June 2014	61	$615,616	$475,000	33

Owen J Roberts School District

The number of homes selling in the Owen J Roberts school district in June 2015 increased by 35.42% when compared to June 2014. The average selling price decreased by 5.48% to $387,502. The median selling price dropped by 3.6% while the average market time decreased by 11 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	65	$387,502	$335,000	70
June 2014	48	$409,960	$347,500	81

Phoenixville School District

The number of homes selling in the Phoenixville school district in June 2015 increased by 34% when compared to June 2014. The average selling price increased by 2.52% to $292,529. The median selling price rose by 1.2%, while the average market time dropped by 34 days.

Date	Sold Listings	Average Selling Price	Median Selling Price	Average Days On Market
June 2015	67	$292,529	$253,000	43
June 2014	50	$285,334	$250,000	77

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Chester County PA Real Estate Market Trends for April 2016

Chester County PA Real Estate Market Trends Report - February 2016

Chester County PA Real Estate Market Trends - September 2015

Chester County PA Real Estate Market Trends -August 2015

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