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Whats Happening in Our Real Estate Market?

 
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Manage episode 211175700 series 2380957
Inhoud geleverd door Martin Millner. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Martin Millner of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
With the spring market in full swing, I thought now would be a good time to give you a quick look at how our market changed in 2016. Buying a Bucks County area home? Perform a full home search Selling your Bucks County home? Get a free Home Price Evaluation The Super Bowl is over and the spring real estate market is in full swing! I thought now would be a good time to give you a recap of our numbers from 2016 and talk a little bit about what’s happening in 2017. Throughout Bucks County, almost all of the 20 individual markets we track had fewer houses on the market at the end of 2016 when compared with 2015. Countywide, inventory was down about 18% and market asking price was up 8%. Closings were up about 5% throughout the county, but the average sold price in Bucks County was only 0.3% higher than in 2015. The average price of a single-family house went from $341,000 to $343,000 in all of Bucks County. Interestingly in the individual markets, specifically Lower Makefield Township, there were more houses on the market at the end of 2016 than there were at the end of 2015. However, there are only 5.2 months of inventory, so the market is still balanced with a slight favor toward sellers. “IF YOU’RE THINKING ABOUT SELLING, I WOULD RECOMMEND GETTING IN EARLY ON THE SPRING MARKET.” In Newtown Township, inventory is down about 5% compared to 2015 and months of inventory is at three months, which strongly favors sellers. In Upper Makefield, inventory is at 10 months, but that is skewed because of the high number of really expensive houses that take much longer to sell. In all the markets that we track, the average price of a home sold was relatively flat. The lack of inventory so far has not really resulted in sharply increased prices. If you are considering selling your home, give me a call or send me an email and we can talk about getting your home listed earlier in the spring market. Let me know if you have any other questions as well. I look forward to hearing from you!
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16 afleveringen

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Gearchiveerde serie ("Inactieve feed" status)

When? This feed was archived on July 06, 2021 03:09 (2+ y ago). Last successful fetch was on January 30, 2019 01:24 (5y ago)

Why? Inactieve feed status. Onze servers konden geen geldige podcast feed ononderbroken ophalen.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 211175700 series 2380957
Inhoud geleverd door Martin Millner. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Martin Millner of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
With the spring market in full swing, I thought now would be a good time to give you a quick look at how our market changed in 2016. Buying a Bucks County area home? Perform a full home search Selling your Bucks County home? Get a free Home Price Evaluation The Super Bowl is over and the spring real estate market is in full swing! I thought now would be a good time to give you a recap of our numbers from 2016 and talk a little bit about what’s happening in 2017. Throughout Bucks County, almost all of the 20 individual markets we track had fewer houses on the market at the end of 2016 when compared with 2015. Countywide, inventory was down about 18% and market asking price was up 8%. Closings were up about 5% throughout the county, but the average sold price in Bucks County was only 0.3% higher than in 2015. The average price of a single-family house went from $341,000 to $343,000 in all of Bucks County. Interestingly in the individual markets, specifically Lower Makefield Township, there were more houses on the market at the end of 2016 than there were at the end of 2015. However, there are only 5.2 months of inventory, so the market is still balanced with a slight favor toward sellers. “IF YOU’RE THINKING ABOUT SELLING, I WOULD RECOMMEND GETTING IN EARLY ON THE SPRING MARKET.” In Newtown Township, inventory is down about 5% compared to 2015 and months of inventory is at three months, which strongly favors sellers. In Upper Makefield, inventory is at 10 months, but that is skewed because of the high number of really expensive houses that take much longer to sell. In all the markets that we track, the average price of a home sold was relatively flat. The lack of inventory so far has not really resulted in sharply increased prices. If you are considering selling your home, give me a call or send me an email and we can talk about getting your home listed earlier in the spring market. Let me know if you have any other questions as well. I look forward to hearing from you!
  continue reading

16 afleveringen

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