Market Report & Homes Sales Richlandtown PA Real Estate November 2013
The median sales price for homes in Richlandtown PA for August 13 to November 13 was $152,500. This represents a decline of 29.1%, or $62,450, compared to the prior quarter and an increase of 1.7% compared to the prior year.
Sales prices have depreciated 38.2% over the last 5 years in Richlandtown. The average listing price for Richlandtown homes for sale was $204,138 for the week ending November 20, which represents an increase of 0.7%, or $1,358, compared to the prior week and an increase of 20.1%, or $34,110, compared to the week ending October 30.
Average price per square foot for Richlandtown PA was $132, an increase of 73.7% compared to the same period last year.
Richlandtown Summary
The median sales price for homes in Richlandtown PA for August 13 to November 13 was $152,500 based on 2 home sales. Compared to the same period one year ago, the median home sales price increased 1.7%, or $2,600, and the number of home sales decreased 60%.
There are currently 7 resale and new homes in Richlandtown including 0 open houses and 1 home in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Richlandtown PA was $204,138 for the week ending November 20, which represents an increase of 0.7%, or $1,358, 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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