Some interesting statistics about the borough: 

Population (year 2000): 10,299.
Estimated population in July 2005: 10,046 (-2.5% change)
Males: 4,752 (46.1%),
Females: 5,547 (53.9%)

Delaware County

Zip code: 19023

Median resident age: 32.5 years
Median household income: $30,938 (year 2000)
Median house value: $51,300 (year 2000)

 

How does this help me, you might ask?

Well, when I see that the Median income is 60% of the Median home value, that tells me that there are alot of tennants who may not realize they can afford to buy instead of rent.  That tells me I have some work to do...

If I can help a few of those tennants become home buyers, several things will happen:

  • First-Time homebuyers are more likely to be loyal to their Realtor than someone making their 2nd or 3rd purchase.
  • Satisfied first-time homebuyers (in their early 30's) are likely to bring repeat business and upgrade to a larger home faster than older clients buying the $800,000 home of their dreams.
  • As the % of owner-occupied homes increases, so will the level of pride in the appearance of the neighborhoods, and community involvement.  This plants the seeds for home-values to increase at a more rapid rate than it might otherwise.
  • When the residents of a community own (and thereby pay taxes) in a municipality, their voice is heard more loudly by the local politicians. (sad, but often true)
  • The Realtor Code of Ethics is based on the concept of "widely distributed ownership" of the land.  Helping renters become owners supports that directly, and I get a warm fuzzy feeling, knowing I have done my part to help someone realize a portion of the American Dream.
 

2 Comments on Darby Borough Statistics -- How I interpret the numbers.

DEC
04
2006
6 Featured Posts
I never thought of looking at that statistic in that light.  What a great marketing idea!
7:42am • #1
DEC
07
2006
493,908 Points 75 Featured Posts Outside Blog Called Shot Master
I agree Ann, very well thought out.  With that plan and consistent and aggressive marketing, you are going to be a popular guy in 2007 Rich.
4:40pm • #2


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Img_0715

Rich Schiffer, Referral Agent, e-PRO

Swarthmore, PA

More about me…

Address: 854 Michigan Ave, Swarthmore, PA, 19081

Cell Phone: (610) 506-2663

Email Me

I will be posting information intended to be helpful for home buyers, sellers, and investors. I will also post articles intended to be of benefit for other Real Estate Professionals. I will try to avoid articles on religion or politics, unless it has direct bearing on Real Estate matters, but I reserve the right to be thought-provoking, and even philosophical at times. (And even humorous, if I am feeling in the mood)

Please sign our guestbook:
Name:
Email:

How can we help you?
Renting a Home
Buying a Home
Selling a Home
Home Loan
Relocation Package
Investment Property
Home Evaluation

Rich Schiffer, Real Estate Professional in Delaware and Chester Counties


Links

Archives

RSS 2.0 Feed for this blog