In 2011, Newtown Borough saw 22 homes sell. Homes Sold In Newtown Borough in 2011, Real Estate Market Update. The prices ran from $153,000 for a condo in Newtown Park Plaza to a high of $780,000 for a home in Newtown Station. The average days on market were 158 and the average sales price to original list price was 90.82%.
So 2011 was fairly similar to 2010 in Newtown Borough when 20 homes sold with an average days on market of 125 & an average sales price to original list price was 92.74%. The lowest price then was $158,000 for a condo in Newtown Park Plaza & the highest price was $1,400,000 for a brand new single family home on Washington Ave. The 2nd highest price was $765,000 for a home in Newtown Station so if we remove the brand new single family construction the years look very similar.
Currently, there are 11 Homes For Sale in Newtown Borough.
For the first time in ages we are seeing some positive reports on the economy, jobless rate, stock market and yes, even the Real Estate Market. We are not heading back to the crazy days of 2006/2007 but there is a pent up demand. Lots of people rented or put off moving due to fear and uncertainty. During the latter part of 2011 we started to see the fear dissipate and now with some positive headlines people are jumping into the market in the hopes of catching some of the lowest rates in history!!!
If you have questions about any of these homes give us a call or send an email. For up to the minute info on homes for sale in Newtown Borough, go to www.newtownborough.com
DON'T MAKE THE MOVE WITHOUT US!
The Cosack Team... Kim, Susan & Dale
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