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What's for sale in Delaware County?

By
Real Estate Agent with eXp Realty Licensed in PA / DE / NJ

Delaware County has a large inventory of available homes, with 4,173 listings currently on the market. These are fine homes with unique features and finishes, in a wide range of choice in location, size and style.  The Delaware County Real Estate market has recently shown very good signs of improvement as the prices for homes in Delaware County continue to improve faster than any other county surrounding the metropolitan Philadelphia area. 


In July 2012, the residential market has seen a decrease in the homes currently for sale drop by -11.9% while homes going under contract and homes sold have increased +12.4% and +17.0% respectively (vs. the same time in 2011).  This equates to one of the lowest months of inventory in the last year.  This means that if there were no more homes placed on the market for sale, the current amoount of homes would all be sold within 8.9 months vs. 12.0 months in July 2011.  That is a very good sign that we would like to see continue.   

Another positive sign is that not only are more homes being sold during the same time period but the median sales price has increased +2.2% when you adjust for the homes sold as a result of bank action (Sort Sales & Foreclosures).  Prices of bank owned properties fell -3.3% and there are currently 278 distressed homes on the market in Delaware County.   

Lastly, in July 2012, of the 440 homes that sold, the average time that they were listed on the market was 140 days and they sold for 92.0% of the original asking sale price (ex. asking $300,000 / sold for $276,000).

With on-going changes in inventory in this market, if you want to keep up with new listings, give me a call and I'll set up an on-going search especially for you - you'll be notified as soon as new listings are posted. And if any of these homes seem interesting to you, please reach out to me – I’d love to show any of them to you at your convenience.

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