Well, we have made it to June here in 2013 and the real estate market in Bucks County is doing very well. I wanted to give you a snapshot of the statistics for the areas I mostly cover in Bucks County. I decided to start with Newtown Township. I focused my research on homes sold in Newtown Township in the $150,000 to $750,000 range. This represents only residential listings as I excluded lots, land, farms, multi-family properties, and commercial properties. My expertise is residential properties, so that is what I am offering here.
May 2013 Newtown Township Market Statistics Breakout
1. There were 51 units listed in Newtown Township in May 2013.
2. The average listing price in Newtown Township in the $150,000 to $750,000 range was $351,535.
3. There were 34 properties pending in Newtown Township in May 2013.
4. There were 35 units sold in Newtown Township in May 2013.
5. The average sold price for May 2013 in Newtown was $377,960.
6. The average days on market (DOM) for Newtown Township in May 2013 was 41.
7. For Newtown in May 2013, the average original list price was $392,012. When compared against the average sold price of $377,960 (in #5), we see that sellers received 96% of the purchase price for May 2013 in Newtown Township.
As a seller in Newtown Township for May 2013, you still did very well in terms of the value you received for the sale of your home. However, with interest rates rising, now may be a good time to consider selling your home -- should rates go any higher. We are still at all-time lows and there are plenty of buyers out there. In fact, we are still in an inventory shortage, so right now is a great time to get your home sold.
If you are buyer or seller in Newtown Township -- or anywhere in Bucks County, PA for that matter -- please call me at 215-504-2512 or email me at AnnaDomzalski@kw.com. Looking for information on Langhorne, PA Real Estate Market Stats for May 2013?
Note: Market Stats compiled using Trend MLS.
Comments(2)