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north penn: Local Housing Market - 07/25/08 11:47 AM
A lot of people have been asking me about our local real estate market, and how its holding up, so here is my thought: Stats below are provided from Trend MLS for Residential only (not multi family, commercial & lots), as of Friday 7/25/08. Montgomery County: Jan - June 2006 - 5314 Houses Sold, $336,845 average sold priceJan - June 2007 - 4961 Houses Sold, $334,603 average sold priceJan - June 2008 - 3969 Houses Sold, $323,761 average sold price This tells me that in 2 years, the number of transactions has gone down about 25% when comparing a 6 month period, and the average … (0 comments)
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north penn: Daylight Saving & Spring/Summer Season Stimulate PA Real Estate Market - 03/06/08 12:11 PM
Daylight Saving & Spring/Summer Season Stimulate PA Real Estate Market
This coming weekend (Sunday 3/9/08) we spring forward an hour. REALTORS should celebrate!!!
I consider the start of extended daylight to be a "REALTOR HOLIDAY" here in PA, but not necessarily a "REAL ESTATE HOLIDAY" for the general public. REALTORS may make most of their commission in 5 months (April-August). This does not necessarily mean its a better time to buy, or a better time to sell real estate, so: Buyers and Sellers should celebrate all year long!!!!! (my explanation is below the stats).
Buyers AND Sellers start to come out of the woodwork when the days get longer & the … (1 comments)
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north penn: Foreclosure Statistics by State - 03/02/08 08:54 AM
According to Realtytrac.com, a source for foreclosure listings:
There are currently 2,934,626 foreclosure listings in the US.
The top 5 foreclosure states are:
California is the leading state with 303,777 current listings
Florida - 191,706 foreclosure listings.
Ohio - 105,880 foreclosure listings.
Texas - 79,683 foreclosure listings.
Georgia - 52,210 foreclosure listings.
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In some cases there are better options than foreclosure.
I would be interested in your comments.
www.jordanmariano.com
jmariano@weichert.com
Jordan Mariano
ABR
PA LICENSED REALTOR
Weichert Realtors
215.896.0104
215.643.7776
… (9 comments)
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north penn: ALL REAL ESTATE IS LOCAL! - 02/22/08 07:34 PM
ALL REAL ESTATE IS LOCAL!
Despite what you're hearing about "Real Estate" and the "Housing Market", one market is drastically different from another. People often speak in national terms, or talk about struggling real estate spots, opposed to focusing locally. Another thing you usually don't hear (but is very true) is that every Real Estate market,whether depreciating, appreciating or staying steady, is good for SOMEBODY, whether its sellers, buyers, investors, first time home buyers, upgraders, downgraders, people selling & moving to another area, etc. Each market is usually good for more than one segment.
Here are some statistics to explain the current situation in Montgomery County, PA (source: Trend MLS):
2006:
Average Sale Price: $336,793
Units … (8 comments)
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Jordan Mariano, ABR, ASP, REALTOR
Lansdale,
PA
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Weichert Realtors
Office Phone: (215) 628-8300 x 232
Cell Phone: (215) 896-0104
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