Real Estate Information Archive

Blog

Displaying blog entries 1-9 of 9

Chester County Market Trends Report - December 2015

Thursday, February 18, 2016
by Scott Darling

Although Sales increased from last month, they were 12.4% below December 2014. The median sold price was down 4% ($12,125) compared to December 2014.

Residential activity in Chester County (Single-family and Condo)


chester county real estate

What's happening in the Local Market?

Just how good was the 2015 housing market? Although there was a slight slowdown in Q4 of 2015, sales were still 6% higher than Q4 2014. The median sold price, however, was unchanged from Q4 2014. Looking ahead to 2016, most national forecasts are for sales increases of 5% and price increases of 4% in 2016.

chester county real estate

Curious about the value of your home? Get your home's value here!

Add Comment

Real Estate Market Trends for Chester County PA - September 2015

Friday, November 20, 2015
by Scott Darling

christmas dog

Moving into a new home during the holidays can be difficult and stressful. There are so many things to plan and prepare when it comes to either event, but to combine the two is extremely difficult. How are you going to celebrate the holidays while you are packing up your home?

If you stay on top of the process you can enjoy the holidays despite your move. Here are some ways you can do both!

  • New Traditions - You might be used to big, homemade meals around the dining room table, but maybe you change it up a bit.  Look for businesses that are open on that day and eat out or order in.  You can have the same sort of meal or you can go completely out of the box. This allows you to pack up your kitchen beforehand so you can enjoy the day more.
  • Create a Move Zone - Keep your jovial, holiday spirit separate from the pile of moving boxes and clutter by creating a moving zone. Put all of your boxes and items that are ready for the move in that room so you keep it out of the way.  
  • Go on Vacation- Pack and prepare your home for the move before the holidays arrive. Get everything ready to go then get out of town. Even if it is just the next town over, it may help your family relax and will allow you to enjoy the holidays without staring at blank walls, empty rooms, and moving boxes.

Take a look at the number of families who were able move and get settled prior to putting the turkey in the oven…
 

Curious about the value of your home? Get your home's value here!

Add Comment

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
September​t 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
September​t 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 September​t 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

 

Curious about the value of your home? Get your home's value here!

Add Comment

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

 

Curious about the value of your home? Get your home's value here!

Add Comment

Chester County Real Estate Sales Statistics - Oct 2010

Monday, December 13, 2010
by Scott Darling

Nearly eight out of 10 Americans believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. That’s according to the 2010 National Housing Pulse Survey, an annual report released by the National Association of Realtors®.

The survey, which measures how affordable housing issues affect consumers, also found job security concerns to be the highest in eight years of sampling, with 70 percent of Americans saying that job layoffs and unemployment are a big problem in their area; eight in 10 cite these issues as a barrier to homeownership.

Despite economic uncertainty, 68 percent of those surveyed still believe now is a good time to buy a home; while that number is down from last year (75 percent), it’s up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates may be attracting buyers to the housing market – more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40 percent said it was one of their highest priorities.

Lower home prices have improved affordability. Let’s take a look at October home sales and see how improved affordability is affecting our local housing market.

Downingtown Area School District saw a 15% increase in the average sales price in October 2010, compared to October 2009 to 382,776.  Pending listings have decreased by 44% and sold listings have decreased by 38%.  There was a 33% decrease in active listings, while market times increased by 15 days.

Downingtown

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Oct 2010

62

35

33

$382,776

87

Oct 2009

93

62

53

$324,662

72

In the West Chester Area School District, there was an decrease in Sold listings  of 37% when compared to October 2009.  And pending sales decreased by 33% in October 2010 when compared to October 2009.  Average sales price increased by 13% to $366,132 and active listings decreased by 13% from October 2009.  Market times have increased by 28 days.

West Chester

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Oct 2010

117

64

55

$366,132

90

Oct 2009

132

96

87

$317,489

62

Active listing have decreased by 23% in the Coatesville Area School District in October 2010 when compared to October 2009.  The average sales price decreased by 2% to $205,612 and sold listings decreased by 39%.  The number of pending home sales decreased by 47% when compared to October 2009, while homes were on the market on average 6 days more than in October 2009.

Coatesville

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Oct 2010

90

36

37

$205,612

97

Oct 2009

117

68

61

$208,832

84

A word of caution...markets within a school district can be very different from neighborhood to neighborhood. For the latest Chester County PA real estate market conditions in your neighborhood, please call me at 610-564-SCOT or visit ChesterCountyHomeSource.com.

Add Comment

Chester County Real Estate Sales Statistics - Sept 2010

Tuesday, November 16, 2010
by Scott Darling

Despite economic uncertainty, 68 percent of those surveyed in the 2010 National Housing Pulse Survey, conducted by the National Association of Realtors, still believe now is a good time to buy a home; while that number is down from last year (75 percent), it’s up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates are attracting buyers to the housing market – more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40 percent said it was one of their highest priorities.

Americans are seeing more stability in the real estate market. Nearly seven out of 10 believe that home values have stabilized in their area; the same number expects home sales to remain about the same through the end of the year. 

While nearly seven out of 10 say it’s harder to sell a home in their area today than it was a year ago, it’s less of a concern from last year when the number was 10 percentage points higher. This is most likely the result of lower home inventories.

Take a look at how the Chester County real estate market fared in September.

Downingtown Area School District saw a 18% increase in active listings in September 2010, compared to September 2009.  Pending listings have decreased by 48% and sold listings have decreased by 41%.  There was a 16% increase in average sales price to $358,796, while market times decreased by 1 days.

Downingtown

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Sept 2010

98

28

33

$358,796

79

Sept 2009

80

54

56

$299,824

80

In the West Chester Area School District, there was an decrease in Sold listings  of 13% when compared to September 2009.  And pending sales decreased by 33% in September 2010 when compared to September 2009.  Average sales price increased by 15% to $380,300 and active listings decreased by 6% from September 2009.  Market times have increased by 3 days.

West Chester

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Sept 2010

139

65

71

$380,300

80

Sept 2009

148

97

82

$324,749

77

Active listing have decreased by 1% in the Coatesville Area School District in September 2010 when compared to September 2009.  The average sales price decreased by 3% to $209,622 and sold listings decreased by 36%.  The number of pending home sales decreased by 62% when compared to September 2009, while homes were on the market on average 5 days more than in September 2009.

Coatesville

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Sept 2010

103

29

39

$209,622

89

Sept 2009

104

79

61

$216,075

84

A word of caution...markets within a school district can be very different from neighborhood to neighborhood. For the latest Chester County PA real estate market conditions in your neighborhood, please call me at 610-564-SCOT or visit ChesterCountyHomeSource.com.

Add Comment

Chester County Real Estate Sales Statistics - August 2010

Monday, October 18, 2010
by Scott Darling

Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery, according to the National Association of Realtors. The recovery looks to be a long process with job numbers being lower than expected in the last couple of months. However, affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.

Take a look at how the Chester County real estate market fared in August.

Downingtown Area School District saw a 1% increase in active listings in August 2010, compared to August 2009.  Pending listings have decreased by 41% and sold listings have increased by 3%.  There was a 23% increase in average sales price to $424,393, while market times increased by 35 days.

Downingtown

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Aug 2010

89

33

50

$424,393

105

Aug 2009

88

56

56

$327,989

70

In the West Chester Area School District, there was an decrease in Sold listings  of 21% when compared to August 2009.  And pending sales decreased by 21% in August 2010 when compared to August 2009.  Average sales price increased by 20% to $420,683 and active listings increased by 1% from August 2009.  Market times have increased by 15 days.

West Chester

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Aug 2010

139

63

88

$420,683

80

Aug 2009

138

79

111

$337,170

65

Sold listing have decreased by 34% in the Coatesville Area School District in August 2010 when compared to August 2009.  The average sales price decreased by 4% to $207,019 and active listings decreased by 36%.  The number of pending home sales decreased by 37% when compared to August 2009, while homes were on the market on average 4 days less than in August 2009.

Coatesville

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

Aug 2010

90

37

45

$207,019

65

Aug 2009

141

59

68

$214,695

69

A word of caution...markets within a school district can be very different from neighborhood to neighborhood. For the latest Chester County PA real estate market conditions in your neighborhood, please call me at 610-564-SCOT or visit ChesterCountyHomeSource.com.

Add Comment

Chester County Real Estate Sales Statistics - June 2010

Tuesday, August 17, 2010
by Scott Darling

Congress recently extended the home buyer tax credit closing date to September 30. The measure would give more time to thousands of qualified home purchasers, who through no fault of their own are unable to meet the current closing deadline of June 30; however the measure would not extend the deadline for home buyers to qualify for the tax credit. The deadline extension applies only to homebuyers who have ratified contracts in place as of April 30, 2010, but could not close before June 30.

The April 30 deadline created a surge of home sales in April. Let’s take a look at the local Chester County real estate market for June.

Downingtown Area School District saw a 8% increase in sold listings in June 2010, compared to June 2009.  Pending listings have decreased by  36% and active listings have decreased by 29%.  There was a 2% increase in average sales price to $339,082, while market times decreased by 8 days.

Downingtown

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

June 2010

82

43

79

$339,082

63

June 2009

115

67

73

$333,783

71

In the West Chester Area School District, there was an increase in Sold listings  of 27% when compared to June 2009.  While pending sales decreased by 31% in June 2010 when compared to June 2009.  Average sales price increased by 4% to $375,664 and active listings decreased by 9% from June 2009.  Market times have decreased by 7 days.

West Chester

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

June 2010

150

75

136

$375,664

69

June 2009

165

109

99

$360,876

76

Sold listing have increased by 11% in the Coatesville Area School District in June 2010 when compared to June 2009.  The average sales price increased by 2% to $233,785 and active listings decreased by 15%.  The number of pending home sales decreased by 60% when compared to June 2009, while homes were on the market on average 23 days more than in June 2009.

Coatesville

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

June 2010

112

28

70

$233,785

99

June 2009

132

70

62

$230,159

76

A word of caution...markets within a school district can be very different from neighborhood to neighborhood. For the latest Chester County PA real estate market conditions in your neighborhood, please call me at 610-564-SCOT or visit ChesterCountyHomeSource.com.

Add Comment

Chester County PA Real Estate Sales Statistics - May 2010

Monday, July 19, 2010
by Scott Darling

Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.

The Pending Home Sales Index rose 6.0 percent to 110.9 based on sales contracts signed in April. This figure is up from 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6 and reflects increases of 7.1 percent in March and 8.3 percent in February.

Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing to beat the initial deadline for the tax credit. The data reflects sales contracts and not closings, which usually occur with a lag time of one or two months.

Let's look at May real estate sales to see how the local Chester County market is faring.

Downingtown Area School District saw a 14% increase in sold listings in May 2010, compared to May 2009.  Pending listings have decreased by  56% and active listings have decreased by 45%.  There was a 13% decreased in average sales price to $292,054, while market times decreased by 34 days.

Downingtown

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

May 2010

68

31

56

$292,054

58

May 2009

123

71

48

$335,718

92

In the West Chester Area School District, there was an increase in Sold listings  of 29% when compared to May 2009.  While pending sales decreased by 32% in May 2010 when compared to May 2009.  Average sales price increased by 6% to $342,317 and active listings decreased by 8% from May 2009.  Market times have decreased by 31 days.

West Chester

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

May 2010

130

63

102

$342,317

60

May 2009

142

93

72

$323,482

91

Sold listing have increased by 28% in the Coatesville Area School District in May 2010 when compared to May 2009.  The average sales price increased by 8% to $235,468 and active listings decreased by 7%.  The number of pending home sales decreased by 33% when compared to May 2009, while homes were on the market on average 6 days more than in May 2009.

Coatesville

Active
Listings

Pending
Listings

Sold
Listings

Average
Sales Price

Average
DOM

May 2010

130

33

67

$235,468

85

May 2009

140

49

48

$217,375

79

A word of caution...markets within a school district can be very different from neighborhood to neighborhood. For the latest Chester County PA real estate market conditions in your neighborhood, please call me at 610-564-SCOT or visit ChesterCountyHomeSource.com.

Add Comment

Displaying blog entries 1-9 of 9

Syndication

Categories

Archives