The Real Estate market in 2009 for Chester County was not all bad, for sure. My previous posts on the $0-$200K price range and the $200K-$400K price range showed that. As we get into the higher price ranges we do see some softening of the market but overall Chester County has not seen any Real Estate bubble popping!
$400,000-$600,000
This price range has been a little tougher for the Sellers this season. For all of my Sellers in this price range I always tell them "If you don't have to move you shouldn't be moving." We didn't see much trickle up in the $200K-$400K price range so we're not going to see any here. Let's take a look!
Unfortunately this graph shows us what Realtors in the field know of this price range; it's a tough one. The graph shows that 2009 sold the least amount of homes in every month in the past three years. Not a fun group to be in for sure.
But have these folks been lowering their prices to help their cause? Let's see...
So the graph shows us that for the majority of the year, and in our Real Estate high season of the Spring/Summer, Sellers have lowered their prices a bit from the previous years. I'm sure if we would have seen a larger gap in price differences we would have seen more sales in this category. It's a tough pill to swallow but you really need to shine in this price range and higher in our area and if you're not shining your price needs to come down if you want to sell.
Next we'll take a look at $600K-$800K and see how they fared for the first three quarters of 2009.
Krista Fuchs, Realtor. Giving You The Attention You Deserve.
I can always be reached directly at (484) 459-8025
Prudential Fox & Roach Realtors
(484) 875-2600
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