Market Report: Southampton, PA Real Estate for November 12, 2013
The median sales price for homes in Southampton PA for August 13 to November was $265,000. This represents an increase of 10.4%, or $25,050, compared to the prior quarter and an increase of 3.9% compared to the prior year.
Sales prices have depreciated 12.4% over the last 5 years in Southampton. The average listing price for Southampton homes for sale was $322,728 for the week ending November 6, which represents an increase of 2.9%, or $8,954, compared to the prior week and a decline of 1.8%, or $5,932, compared to the week ending October 16.
Average price per square foot for Southampton PA was $165, a decrease of 1.2% compared to the same period last year.
Southampton Summary
The median sales price for homes in Southampton PA for August 13 to November 13 was $265,000 based on 39 home sales. Compared to the same period one year ago, the median home sales price increased 3.9%, or $10,000, and the number of home sales decreased 9.3%.
There are currently 86 resale and new homes in Southampton including 2 open houses, as well as 78 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Southampton PA was $322,728 for the week ending November 6, which represents an increase of 2.9%, or $8,954, compared to the prior week.
Things to be Thankful for in 2013:
- Median Home Sale Prices showed 9 consecutive months of double-digit year-over-year increases.
- Total existing-home sales, which are completed transactions that include single-family homes, townhouses, condominiums and co-ops are at the highest pace since February 2007 and have remained above year-ago levels for the past 26 months.
- The national median existing-home price for all housing types was has seen the strongest year-over-year price gain since October 2005 and marks 18 consecutive months of year-over-year price increases.
- Distressed homes – foreclosures and short sales – accounted for 12 percent of August sales, down 15 percent in July, and is the lowest since monthly tracking began in October 2008.
This Thanksgiving: May you feel happy, may you feel healthy and may you feel at ease!
Source: Trend MLS and Realtor.com
I am thankful for all of my clients -- past, present and future.
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