Market Report for Southern Chester County January 2013

There are some interesting differences between New Castle County, Delaware and the area of Southern Chester County, Pennsylvania just to the north. While listings were down 18% in January of 2013 in Delaware, they were down over 25% in Southern Chester County. And while pending and closed sales to the north repeated the number from the previous year, they were slightly up in Delaware. 

While percentage of original list price was up 6% in Delaware, it was down a fraction of a percent in Pennsylvania. And while the median sales price stayed exactly the same from the previous year in Southern Chester County, it jumped almost 15% in Delaware. Of course, the median price was about $100,000 lower in New Castle County, so they really needed a shot in the arm!  One reason for the difference is the amount of preserved open space in Chester County versus the more highly developed area of New Castle County.

And if you wonder why I am comparing the real estate markets in Southern Chester County, Pennsylvania and New Castle County, Delaware, consider that Delaware is a very small state. Realtors® here are frequently licensed in Pennsylvania, Maryland, and Delaware, as am I.  So is you are looking for historic homes for sale in Southern Chester and Southwestern Delaware Counties in Pennsylvania, Cecil County, Maryland, or New Castle and Kent Counties in Delaware, call Carolyn!