There was a drop in SOLD & Settled number of homes across Chester County. For the first time in months we saw Pending Sales List Prices increase. Move-up Buyer’s market finally seeing the result of the $8,000 tax credit. Coming later this month - a synopsis of new buyer incentives for first-time buyers AND move-up buyers.
Jean’s Take on October Statistics
November 9th, 20092009 YTD Market Statistics
October 27th, 2009The Facts speak for themselves… Jean Gross SELLS homes
FASTER and for MORE MONEY than all of Chester County!
Jean & Bob attribute their excellent statistics to PRICE and STAGING. Staged homes SOLD in 1/2 the time & for 6.3% more
than un-staged homes!
Average Days on List to Sale
SOLD Price the Market Differential
SOLD Price the Market Differential
JEAN $331,773 41 98%
CHESTER CO $337,688 88 92%
Chester County YTD Averages:
List Price $366,422 (vs) SOLD price $337,688
We have returned to 2005 pricing. SOLD & Settled YTD down 8% over 2008. Inventory accumulation 2009 YTD - 11 Months - indicating a continued Buyers’ Market. While SOLDS have declined steadily over the last 5+ years, so have listings. Since 2006, the percentage of listings sold has ONLY dropped 8%.
September 2009 Market Statistics
October 9th, 2009| AREAS | AVERAGE SOLD PRICE | DAYS ON THE MARKET | LIST TO SALE DIFFERENTIAL |
|---|---|---|---|
| West Chester | $337,220 | 79 | 93% |
| Downingtown | $318,768 | 77 | 93% |
| Unionville/CFord | $462,260 | 81 | 94% |
| Coatesville | $215,008 | 87 | 93% |
| CHESTER COUNTY | $324,239 | 91 | 92% |
Jean’s Take on September Statistics
October 9th, 2009Contrary to what we are hearing on the news every day, across Chester County and in our local neighborhoods homes are selling steadily. All the statistics seem to be fluctuating under 5% in any direction. INTEREST RATES are hovering at 5% dipping to 4.75 on some days…this is a key factor in what is driving the market. Check back in mid-October for detailed YTD analysis.
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Get The Market Buzz! There is so much BAD news everywhere about the Real Estate Market that we have researched our neighborhoods for THE TRUTH! Real Estate, like the weather, is a local interest, not a national one. There is some good news about today’s market that you seldom hear.
BROWSE this site to discover the wealth of information about Chester County Real Estate as well as Historical Data and Perspective. We research statistics, compile charts and present Jean’s Analysis for West Chester, Downingtown, Unionville/Chadds Ford, Coatesville and Chester County as a whole. You have access to this FREE, vital information 24/7.
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